Nottingham

Airbnb Property Marketing Specialists
Property Guide Nottingham

Are you thinking of investing in Nottingham property? If so, this comprehensive guide will tell you everything you need to know about the Nottingham property market.

Nottingham is a large city in the East Midlands of England, with a population of over 310,000. It is well-connected, with good road and rail links to London and other major cities.

About Nottingham

Nottingham has a strong economy, with major employers including Boots, Experian and Capital One. The average house price in Nottingham is £236,000.

There are a number of reasons why Nottingham is an attractive place to invest in property. Firstly, there is high demand for rental properties, as the city is home to a large student population. Secondly, prices are relatively affordable, which means there is potential for strong capital growth.

Universities in Nottingham

Nottingham is home to two universities – the University of Nottingham and Nottingham Trent University. Together, they have over 60,000 students and 6,000 staff members.

Nottingham’s universities are a major reason why the city has such high demand for rental property. Students need somewhere to live during their studies, and many choose to rent rather than buy a property.

The University of Nottingham

Is one of the UK's leading universities, with a world-renowned reputation for teaching and research. It has over 36,000 students and 4,000 staff members.

Airbnb Nottingham Trent University

Nottingham Trent University

Is also a leading university, with over 24,000 students and 2,000 staff members. It is known for its strong courses in business, law and design.

Getting To Nottingham

Nottingham is well-connected, with good road and rail links to London and other major cities.

Landmarks of Nottingham

  • Nottingham Castle: Nottingham Castle is a historic castle in Nottingham, England. It was built in the 11th century on a sandstone outcrop overlooking the River Trent. The castle was originally used as a royal residence, but it has also served as a prison, garrison, and armoury. Today, Nottingham Castle is owned by the Duchy of Lancaster and is open to the public as a museum and art gallery.
  • Wollaton Hall: Wollaton Hall is an Elizabethan country house in Wollaton, Nottinghamshire, England. It was built in 1588 by Sir Francis Willoughby and is now a Grade I listed building. The hall is home to the Natural History Museum and Art Gallery, which are open to the public.
  • Sherwood Forest: Sherwood Forest is a forest in Nottinghamshire, England. It is famous for being the traditional home of Robin Hood and his Merry Men. The forest covers an area of 1,400 hectares and is home to a variety of wildlife, including red deer, wild boar, and badgers.
  • City of Caves: The City of Caves is a network of man-made caves beneath the streets of Nottingham, England. The caves were created during the sandstone mining boom of the 19th century and were used as homes, storage space, and even beer breweries. Today, the City of Caves is open to the public as a tourist attraction.
  • St. Mary’s Church: St. Mary’s Church is a parish church in Nottingham, England. It is the largest church in the city and one of the largest churches in the country. The church dates back to the 12th century and is home to a number of historical artefacts, including a statue of Robin Hood.
  • Ye Olde Trip to Jerusalem: Ye Olde Trip to Jerusalem is a pub in Nottingham, England. It claims to be the oldest pub in England, dating back to 1189 AD. The pub is located in the heart of Nottingham’s historic old town and is a popular tourist attraction.
  • Nottingham Canal: The Nottingham Canal is a canal in Nottingham, England. It was built in the 18th century to transport coal from the Nottinghamshire coalfields to the River Trent. Today, the canal is used for leisure purposes and is a popular tourist attraction.
  • The Galleries of Justice: The Galleries of Justice is a museum in Nottingham, England. It is located in the former Shire Hall, which was once the city’s main courthouse. The museum tells the story of crime and punishment through the ages and is a popular tourist attraction.
  • Nottingham Contemporary: Nottingham Contemporary is an art gallery in Nottingham, England. It opened in 2009 and is one of the largest contemporary art galleries in Europe. The gallery has a diverse programme of exhibitions and events and is a popular tourist destination.
  • Nottingham Industrial Museum: The Nottingham Industrial Museum is a museum in Nottingham, England. It is located in the former Midland Railway Goods Shed and tells the story of Nottingham’s industrial heritage. The museum is home to a number of interactive exhibits and is a popular tourist destination.

Tourism in Nottingham

  • Nottingham Castle: Nottingham Castle is a popular tourist destination due to its history and architecture. The castle receives over 500,000 visitors per year.
  • Wollaton Hall: Wollaton Hall is a popular tourist destination due to its Elizabethan architecture and the Natural History Museum and Art Gallery. The hall receives over 200,000 visitors per year.
  • Sherwood Forest: Sherwood Forest is a popular tourist destination due to its association with Robin Hood and its wildlife. The forest receives over 150,000 visitors per year.
  • City of Caves: The City of Caves is a popular tourist destination due to its man-made caves and its connection to the city’s industrial heritage. The caves receive over 100,000 visitors per year.
  • St. Mary’s Church: St. Mary’s Church is a popular tourist destination due to its size and historical artifacts. The church receives over 75,000 visitors per year.
  • Ye Olde Trip to Jerusalem: Ye Olde Trip to Jerusalem is a popular tourist destination due to its age and location in the heart of Nottingham’s old town. The pub receives over 50,000 visitors per year.
  • Nottingham Canal: The Nottingham Canal is a popular tourist destination due to its leisure facilities and its connection to the city’s industrial heritage. The canal receives over 40,000 visitors per year.
  • The Galleries of Justice: The Galleries of Justice is a popular tourist destination due to its exhibitions on crime and punishment. The museum receives over 30,000 visitors per year.
  • Nottingham Contemporary: Nottingham Contemporary is a popular tourist destination due to its contemporary art exhibitions. The gallery receives over 20,000 visitors per year.
  • Nottingham Industrial Museum: The Nottingham Industrial Museum is a popular tourist destination due to its exhibits on the city’s industrial heritage. The museum receives over 10,000 visitors per year.
  • University Graduations: Nottingham is a large university town with two universities, Nottingham Trent University and the University of Nottingham. Each year, around 30,000 students graduate from the universities and many friends and family come to visit for the graduation ceremonies.
  • Christmas Market: Nottingham’s Christmas Market is one of the largest in the UK and attracts over 1 million visitors each year.
  • Robin Hood Marathon: The Robin Hood Marathon is a popular annual event that attracts around 15,000 runners and over 50,000 spectators.
  • Cricket: Nottingham is home to Trent Bridge Cricket Ground which is one of the most famous cricket grounds in the world. The ground hosts international matches as well as county cricket matches.
  • Football: Nottingham is home to two professional football teams, Nottingham Forest and Notts County. The city also has a number of semi-professional and amateur teams.
  • Shopping: Nottingham has a large number of high street stores as well as independent shops. The city is home to the Intu Victoria Centre which is one of the largest shopping centres in the UK.
  • Restaurants: Nottingham has a number of Michelin star restaurants as well as a large number of chain restaurants and local independent eateries.
  • Corporate Travel: Nottingham is a popular destination for corporate events and conferences. The city has a number of large conference venues as well as a number of hotels that cater for business travellers.
  • Leisure Travel: Nottingham is a popular destination for leisure travellers due to its array of tourist attractions and activities. The city has a number of hotels that cater for leisure travellers as well as a number of self-catering apartments and holiday homes.
  • Culture: Nottingham has a number of museums and art galleries as well as a thriving music and nightlife scene. The city also has a number of theatres and cinemas.
  • Other Events: Nottingham hosts a number of other events throughout the year including the Nottingham Races, Nottingham Pride, and the Nottingham Folk Festival.

Urban Expansion of Nottingham in Recent Years

Nottingham has undergone a period of significant urban expansion in recent years. A number of new developments have been built in the city centre, including the Intu Victoria Centre, Nottingham Contemporary, and the Theatre Royal. A number of regeneration projects have also taken place in other parts of the city, such as the redevelopment of Nottingham Train Station and the construction of the new Nottingham College City Hub. These developments have had a positive impact on the city’s economy and have helped to attract more visitors to Nottingham.

Nottingham has a number of different transport options, including an extensive bus network, two train stations, and an airport. The city also has a tram system which runs from the city centre to the suburb of Clifton.

Nottingham Demographics

Nottingham has a population of approximately 320,000 people. The city has a diverse population with people from a variety of different backgrounds and cultures.

The majority of the population are aged between 20 and 39 years old. The city has a large student population due to the presence of two universities.

Nottingham is a relatively safe city with a low crime rate. The city has a number of CCTV cameras and there is a police presence in the city centre.

Nottingham has a number of different religious groups. The largest religion in the city is Christianity, followed by Islam. There is also a significant Hindu population in the city.

Nottingham is a diverse city with a number of different ethnic groups. The largest ethnic group in the city are White British, followed by Asian and Black.

Nottingham Economy

Nottingham has a diverse economy with a number of different sectors. The city is home to a number of large companies, such as Experian, Capital One, and Boots.

The service sector is the largest sector in the city, followed by the retail sector. There is also a significant amount of activity in the construction, manufacturing, and education sectors.

Plus, as we mentioned, Nottingham is home to two universities, the University of Nottingham and Nottingham Trent University. These institutions provide a significant boost to the city’s economy.

Similarly, as we have touched this a bit earlier, Nottingham has a number of different tourist attractions, which helps to support the city’s economy. The main tourist attractions in the city are Nottingham Castle, Sherwood Forest, and the City of Caves.

In addition, Nottingham is a popular destination for business travellers and has a number of large conference venues. The city also has a number of hotels that cater for business travellers.

Living Standards in Nottingham

Nottingham is a relatively affordable city to live in. The cost of living is lower than in many other parts of the UK, and there are a number of different housing options available.

Nottingham also has a number of different schools which cater for different age groups. The city has a number of primary schools, secondary schools, and colleges.

Nottingham also has a number of different leisure facilities, including a number of parks, museums, and galleries.

Nottingham Property Market

The Nottingham property market is diverse, with a number of different types of property available. The average house price in Nottingham is £236,000, which is lower than the national average. Out of these, a large proportion were semi-detached, going at an average price of £218,000, followed by detached at £358,000, and terraced at £171,000.

Nottingham’s population is growing at a rate of 1.4% per year, which is higher than the national average. This population growth is fuelling demand for property in the city.

Potential for Nottingham's Short Term/Airbnb Market

Nottingham has a number of different properties that are suitable for short term lets, such as flats and apartments. There is a high demand for short term rentals in Nottingham, especially from business travellers and tourists.

The average nightly rate for a short term rental in Nottingham is £75. The average occupancy rate for short term rentals in Nottingham is 80%. This means that there is a high demand for short term rentals in the city.

The following is a list of the popular areas in Nottingham for Airbnb properties

  • Nottingham City Centre: The average nightly rate for an Airbnb property in the city centre is £84, with an occupancy rate of 82%.
  • Sherwood: The average nightly rate for an Airbnb property in Sherwood is £79, with an occupancy rate of 80%.
  • Arnold: The average nightly rate for an Airbnb property in Arnold is £77, with an occupancy rate of 80%.

Our Top tips for Investing in the Nottingham Property Market

Do your research: Before investing in the Nottingham property market, it is important to do your research and understand the different types of property that are available.

Consider your investment goals: When investing in the Nottingham property market, it is important to consider your investment goals and what you hope to achieve from your investment.

Choose the right area: When investing in the Nottingham property market, it is important to choose the right area to invest in. The key is to find an area that has a high demand for properties and that is growing at a rate that matches or exceeds your investment goals.

Have a realistic budget: When investing in the Nottingham property market, it is important to have a realistic budget. This will ensure that you don’t overstretch yourself financially and that you are able to afford the property that you want to invest in.

Use a reputable agent: When investing in the Nottingham property market, it is important to use a reputable agent who has experience in the local market. They will be able to guide you through the process of finding and buying a property and can help you negotiate the best price possible.

If you are thinking of investing in the Nottingham property market, then these tips should help you make an informed decision. However, it is always advisable to seek professional advice before making any major investment decisions. This is especially true when investing in the Nottingham property market, as there are a number of factors to consider. Get in touch with us, as we hold significant local property knowledge, being active in the Airbnb property market for 5+ years now.

To learn more, get in touch with us today.