The East Midlands is a region of England that covers an area of approximately 15,627 square kilometers. It is situated in the eastern part of the country, and it comprises five counties: Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, and Nottinghamshire.
The region is at the forefront of the textile and engineering industries and there are a lot of factories that support this development. Hence, what this means for Landlords is there is a higher rental yield in the area which is 4%. Workers want to live in the area to work but will most of the time end up buying elsewhere which means the rental demand of the area is strong but there is a lower buyer demand.
This can be seen in house prices as it has the second lowest average house price throughout the regions of the UK and you can expect to pay Just £111,000 for a one bedroom house in this area. If you compared this to the price of a one bedroom house in London, you would be looking at a price that is around three times higher.
Despite its industrial heritage, the East Midlands is also home to vast stretches of stunning countryside and breathtaking natural landscapes. The region is home to the Peak District National Park, one of the UK’s most popular destinations for outdoor activities such as hiking, cycling, and climbing.
It is also home to the Lincolnshire Wolds, an area of outstanding natural beauty that boasts rolling hills, pretty villages, and unspoiled countryside. The East Midlands is a region that offers a unique blend of history, industry, and natural beauty, making it an exciting and diverse place to visit or call home.
So, it is not all bad for investors looking for their house to appreciate as there is still a large amount of demand for families to live in the area, especially in the right regions where there is a good community and a thriving city such as in Leicester for instance.
|An insight into property in East Midlands|
|Rental Yield||Average house price||Average household income||Average population|
Houses for sale in different cities of the East Midlands
We have listed here below the different areas of the UK region East Midlands.
In the following list here below, you can find the whole cities being part of the East Midlands region.
For each city crucial KPIs such as:
the average rental yield
The number of real estate sales happening per month
The average asking price per property type
The average sold price per property type
And much more
The list is in alphabetical order.
The East Midlands cities
cities starting with A
cities starting with B