These thoughtfully converted apartments are located just outside Nottingham city centre, the UK’s best performing property investment location for rental yields (Private Finance’s Buy-to-let Hotspots) and the city with the highest house price growth going into 2020 (Hometrack House Price Index).
With prospective tenants just three minutes from Nottingham Trent University and seven minutes from the city centre by tram, the excellent residential location is sure to drive demand in this boutique development and support future price growth in a city already thriving.
Westbridge House will consist of 23 one, two and three bed apartments, ideal for young professionals and students alike, with completion set for September this year. The project is being delivered by an award-winning Nottingham developer with a strong track record.
Each apartment in this historical building with amazing features will include a high quality fitted kitchen and bathroom. The payment structure is very favourable – investors pay only 10% on exchange (protected), 10% three months later and the final 80% on completion. Finance is anticipated to be available, subject to status and lender’s valuation.
Hometrack’s latest house price index has been released, showing that Nottingham led the way for house price growth going into the new year.
Figures from December 2019 show that with an average house price of £159,600 and a year-on-year growth of 5.2%, Nottingham looks to be one of the best locations to invest in for strong capital growth in 2020.
Nottingham is perfectly located in the heart of the country and has fantastic links to both the motorway and rail network, with trains to London St Pancras in as little as 90 minutes. Not to mention the investment that has gone into Nottingham’s infrastructure welcoming an award-winning tram system helping staff access the workplace with ease.
The city is also within a four-hour drive of 89% of the UK which is strategically important for businesses looking to access the market on a national scale.
Offering daily flights to major European hubs is East Midlands Airport, the UK’s busiest pure cargo airport and a hub for DHL and UPS.
A city thriving in the tech sector, a large tech talent pool and a strong tech ecosystem makes Nottingham a real hub for the creative and digital sector.
The Creative Quarter is the home of all things tech and offers a range of services from co-working hubs and unique business spaces to independent restaurants and retailers. Nottingham also has a healthy, strong tech community and there are numerous tech events and meetups across the city on a regular basis.
Companies looking to engage with the two universities can access a talent pool of 29,600 creative and digital students and can collaborate with their research and development centres of excellence.
With not one but two award winning universities Nottingham is a highly skilled city and produces 60,000 students a year giving local businesses the ability to attract some serious talent.
Nottingham Trent University was ranked the #1 University in 2017 by Times Higher Education, whilst Nottingham Business School (part of NTU) has this year been shortlisted for Times Higher Education Business School of the Year.
With the abundance of talent in Nottingham it isn’t surprising that 60% of the jobs are in knowledge-intensive industries such as financial and business services, creative and digital, advanced manufacturing and life sciences. This figure is well above the UK average.
Nottingham is the fastest growing city in the East Midlands and is currently embarking on an intense period of economic regeneration, with the £250m Southern Gateway, £150m re-development of the Broadmarsh shopping centre and the highly anticipated Boots Island site development that is set to include a five star hotel, retail space, homes and offices.
In the city centre you can find Guildhall Place, 300,000 sq ft of unused space that could potentially see a four star hotel and grade A offices. The Guildhall is steeped in history and is truly a unique building.
It’s clear that Nottingham is a city on the move and with prime headline rent for Grade A office space at £19.50 per sq ft it makes the city a prime destination to invest.
Its creative and independent spirit comes from the many disruptive thinkers that once called Nottingham home, from the legendary tales of Robin Hood to one of the most influential writers of the 20th century – D.H Lawrence.
Nottingham has always been a city that has a desire to drive change, did you know that there have been many breakthrough discoveries here such as the MRI Scanner, Ibuprofen, HP Sauce and the invention of a machine that helped kick off the industrial revolution.
Fast forward many years, Nottingham is now proudly home to major brands such as Experian, Boots, Speedo, Capital One, Raleigh, TDX and UNiDAYS.
Not only is Nottingham a great place to invest or relocate to, its quality of life offering is second to none and you can enjoy city life at a fraction of the cost you would pay in London.
When it comes to typical annual savings, Nottingham ranks number one with workers saving on average £6k more than those in London, meaning you can really make the most of its forever growing food and drink scene, famous music venues, independent shops and world-class sporting events.
Nottingham is a culturally rich city with Robin Hood’s famous Sherwood Forest a short drive away, the Peak District on its doorstep and plenty of festivals and activities to get involved in all year round.
It’s also a UNESCO City of Literature, Official Home of Sport, Greenest UK City and in the top 10 UK retail destinations.
Short but sweet: Nottingham offers competitive salaries, the average digital salary is £44,023, again above the UK average.
The Creative Quarter which has already been touched on, is Nottingham’s creative business district and is on hand to provide essential business support to independent entrepreneurs and businesses whether that’s start-ups or thriving SME’s.
Accelerate Places also offers co-working space as well as introduction to a network of investors through one of the UK’s leading digital venture builders, Blenheim Chalcot.
BioCity Nottingham is one of the UK’s largest bio-incubator facilities and supports many businesses on the leading edge in life sciences. BioCity offers onsite support for businesses, with partners from legal firms to patenting experts.
MediaCity – a joint venture with BioCity and Boots – is a business incubator and offers the ideal environment for start-ups and established companies to develop, grow and even benefit from Boots’ expertise in the global healthcare sector.
Risk Warning and Disclaimer:
The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.