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

Property Valuations

Are you interested in finding out what rental price your property could achieve? If so, then please contact us to get a FREE valuation. You have nothing to lose whilst getting our expert advice.

Landlord Yield Calculator

Look at our FREE RENTAL yield calculator to see if your property is a good investment. Contact us to see what we can do to make your investment more profitable.

Students

We have a large selection of student properties located near both UOL and DMU. With a budget to suit all students, First 4 Lettings is the one stop shop for all looking to secure student accommodation in Leicester.

Maintenance

Tenants can have the peace of mind that all our managed properties are fully maintained by our 24/7 maintenance department. All issues are dealt with in a swift and prompt manner to ensure your stay in the property is as enjoyable as possible.

Fees

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.