Leicester Property Market Vs Nottingham Property Market. Where do I invest?

Having studied LAND REGISTRY data, I want to briefly cover these two EAST MIDLANDS property powerhouses!

Prior to investing in property you should firstly consider property price trends and thereafter rental yields.

The above graph and data I studied from land registry shows that the average terraced house price in Leicester is just over £92K and for Nottingham just over £64K. These figures show that (on the face of it) you can buy terraced houses in Nottingham for an economical price.

However are there significant rental returns? Bare this in mind when purchasing your next investment home. I conducted a city by city comparative rental review on Rightmove to further investigate.

Leicester appears to be a better investment option due to it's high rental yields regardless of the higher property prices.

This is further encapsulated by a strong Leicester economy and buoyant rental market!

If you require further property investment advice or would like to discuss this article in more detail, please contact me.

Written by Mayur Sachdev

Find your next property

Fees

Close
PERMITTED PAYMENTS

As well as paying the rent, you may also be required to make the following permitted payments:

1) Holding Deposit: Up to one week’s rental

2) Deposit: One month’s rental (5 weeks rental dependent on individual’s circumstances)

3) Payments for utilities (gas, electricity & water), communication services (telephone & broadband), Installation/Subscription of cable/satellite, TV licence and council tax

4) Default Fee (late payment of rent): If full Rent is not paid within 14 days or more of the Rent Due Date there will be a charge 3% plus the Bank of England base interest rate of the full rental amount until full payment is received

5) Default Fee (breach of tenancy agreement, any other permitted payments, under relevant legislation including contractual damages): For any breach of the tenancy agreement based on the reasonably incurred costs of the agent or landlord

6) Replacement of keys, fobs or other security devices

7) Default Fee (changes to the tenancy): An administrative charge of £50.00 or greater for any assignment, variation or novation of the tenancy agreement made at the tenant’s request (only if agreed by The Landlord and/or The Landlord’s Agent)

8) Payments in respect of early termination of a tenancy agreement at the tenant’s request


TENANT PROTECTION

First 4 Lettings is a member of Client Money Protect which is a client money protection scheme, and also a member of PRS (Property Redress Scheme), which is a redress scheme.