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An outlook on houses for rent and sale on Rightmove in Nottingham

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ An outlook on houses for rent and sale on Rightmove in Nottingham

Choosing the perfect location to buy property in the UK involves a lot of factors.
This piece discusses the nature of Rightmove (and other listing platforms) data for Nottingham, aiming to guide your investment decisions.
It’s worth noting that currently, 7 properties are listed for sale and sold on Rightmove in this area every single month so you have an idea of your options to pick from.
We will also go over the properties for rent in the area on Rightmove if you are looking to become a new tenant.

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From Rightmove listings, what is the availability of green space in Nottingham

Green space is something that is recommended to everyone to have but then again, it is often compromised in a lot of locations. For instance, in cities, the amount of green space is often well below the recommended figure of 6 acres of green space for every thousand people. In Nottingham, this is 22.6. Compare this figure of 6 which is recommended to have and the data for Nottingham to tell how much green space is around.

What are the number of HMOs on Rightmove that are licenced in the area of Nottingham?

Prospective tenants should be aware of the average asking price for a House in Multiple Occupation (HMO), which currently stands at no relevant data for this city.
Tenants should also consider how significant, if at all, the saving in rent is when comparing the price to rent in a normal house you do not have to share in Nottingham.
Renting an HMO can provide a more affordable alternative to traditional rental arrangements and for context, there are a predicted 13,500 licenced HMOs in London. In Nottingham, there are nan for comparison so you are able to tell how abundant this type of property is.
Do not think that all HMOs have to be small rooms with a lack of space either, you also have the option to rent out a HMO with an ensuite. The average rents for this type of room stands at £563.

Home listings in Nottingham on the platform of Rightmove

A city such as Nottingham has a fair amount of houses for sale on Rightmove. In the following headings, we go over all the relevant data related to Rightmove so you can begin the process of buying a house. Figuring out the best type of property to buy is a difficult process so it is useful to see all the relevant information condensed in one place.

Is it important to look at yield in Nottingham in further detail?

Nottingham averages at £0 for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is £0 in Nottingham, is worked out by dividing the net rental income of a property by the purchase price.

What are properties sold for on average on Rightmove?

When exploring the property market in Nottingham, UK, there is a lot of information that can be gathered on listing platforms and on Rightmove. The average sold price across all property types is approximately £166,713, this provides valuable insight into market trends.
Refer to the table below for a detailed breakdown of sold prices across different property categories.

Property type Average selling point
detached house £279,876
Semi-detached house £181,540
Terraced house £163,979
Flat £132,580

In Nottingham, analysing Rightmove, what are the number of planning permission applications?

In the UK, planning applications result in a success rate of 82% most of the time. In Nottingham, people plan to make modifications to their properties and apply for planning permission with a planning success rate of nan.

This is interesting data for investors in particular. An above average success indicates renovations are tried and tested and likely an investment from landlords. This is a great opportunity for investors to model what works in the area and do the same. On the other hand, a lower approval indicates there are more ambitious proposals in the area and of the 5 monthly planning applications in Nottingham, property here is more difficult to conduct improvements on.

If you don’t want to deal with planning permission, consider buying a property as a leaseholder which means you don’t own the land and any planning permission is done by the freeholder who owns the land.

If you do this, you will have to look at when a leasehold expires as well as other disadvantages though. However, there are pros and cons of being a leaseholder or a freeholder. For instance, as a freeholder, you may have to evict a leaseholder in a process known as a forfeiture of lease. So, pay attention to the advantages and disadvantages and what path you actually want to go down.

A quick insight into Rightmove property Nottingham

When weighing up an investment property, take into careful consideration the data provided by Rightmove as if you use them the right way, you can really use them to make informed decisions.



By closely examining the monthly property sales volume in the area and looking at this in relation to the number of homes there are (currently 7 properties are sold each month), you can work out the turnover too, which is 0.22 in Nottingham.



Even if these figures appear to be positive, it is still worth looking at other factors like the population difference over ten years which is 12%. Also comparing this data to an area slightly bigger, such as East Midlands by visiting our page for this, you can find additional data to help you on your search too.

How can property investments be made using Rightmove data?

Based on Rightmove, there is a lot of data you can gather about Nottingham and there is a lot that can go towards making the decision to invest. So, the average rental yield of the area is £0. and the average asking rent based on Rightmove data is £1,006. In general, the higher this figure is for asking rent, the more the mortgage payments will likely be when you buy the property, hence the rental income has to go up in order to pay it off. It is also useful to find out the asking rent property by property. First of all, the average rent for a one bedroom property is NG1, for a two bed is, £907, a three bed is £1,215. Finally, a four bed average asking price is no relevant data for this city, and a five bed, no relevant data for this city. Comparing these prices should allow you to work out what property to buy based on your budget and the mortgage that fits the average asking rent.

According to Rightmove data from Nottingham, what properties are renting?

What is the level of Rightmove affordable housing and social rent in Nottingham?

Not everyone is inclined to purchase a house and in fact, some people are actually struggling with renting to the extent that they have to rent from the government. According to data scraped from Rightmove and listing portals that are popular in the UK, 20% of individuals in Nottingham rely on government rent and the average household income in the district is £40,508.70.



Always visit an area too to find out what the area is truly like and compare these figures to the national averages of 22.6% (on social rent) and £34,000 (in household earnings per year). Most people prefer to live amongst people where their incomes are similar.


If you are a tenant, perhaps move in as a lodger in an excluded tenancy agreement instead of as an assured tenant. While you have fewer rights, a tenancy may be easier to secure.

If you are looking to rent a property, consider the data below that will help you decide on renting your next premises.

Nottingham’s demographics and income insights based on Rightmove data

Within the city of Nottingham, the population amounts to 61685 individuals. Among these residents, it is notable that approximately 30% hold a higher-level educational degree. Furthermore, the average household income in the area stands at £40,508.70. For renters, it is essential to recognize that if the percentage of degree holders surpasses the regional average of 22.6%, your neighbours are likely to have higher incomes. Although other factors influence neighbour quality, acknowledging educational achievements proves beneficial.

FAQ

In the city of Nottingham, what is the median property price?

Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Nottingham, the mean selling price for houses in the area is £166,713. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.

On Rightmove, are there any hidden costs when searching for property in the city of Nottingham?

Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.

Is there substantial criminal activity in the area around Nottingham as indicated by Rightmove?

In Nottingham, the prevailing crime rate results in 41200% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.

According to online listings, what’s the count of property transactions per month in Nottingham?

7 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to

According to Rightmove, what’s the mean price of a three-bedroom property in Nottingham?

Properties with three bedrooms command an average asking price of £1,215. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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