1 bed Flat For Sale £130,000
Crocus Street, Nottingham

Ref: 74157

DEVELOPMENT NAME: The Glassworks

RENTAL INCOME: Up to 7%

COMPLETION: Q4 2023

TENURE: Freehold

GROUND RENT: £0 per annum

SERVICE CHARGE: £2.31 per sqft

TRANSPORT: 2 minutes from Nottingham Train Station and directly outside the project there is a tram stop

PAYMENT PLAN:
£2,000 reservation fee
20% on exchange (minus reservation fee)
80% October 2023

NEARBY FACILITIES:
4-minute walk from Nottingham train station (with tram/metro station even closer)
New HMRC offices in Nottingham 250 yards away (5,000 HMRC staff and civil servants)
Nottingham Trent University 20 min walk, 8 min drive
City of caves – 13 min walk
Victoria shopping centre – 20 min walk

PRICE:
Studios – From £130,000
One Beds = From £145,000
Two Beds = From £245,000

An Introduction to Nottingham

Nottingham is the 9th largest city in the UK and the largest in the East Midlands region with a population just shy of 332,000. Brimming with history (the home of the Robin Hood legend), culture, and entertainment, it has been named one of the best cities to live in across the UK. The economy is the 7th largest in the UK worth £55 billion and is ranked as a global city by the Globalization and World Cities Research Network.
The headquarters of several large companies are based in the city: these include Boots, Chinook Sciences, GM, Pedigree Pet foods, Changan Automobile, Experian, E.ON Energy, Gala Bingo, Bell-Fruit-Games, Siemens, Speedo, Vision Express and Specsavers, Games Workshop and Capital One.
Nottingham also has offices of Nottingham Building Society, HM Revenue & Customs, the Driving Standards Agency, Ofsted, The Care Quality Commission and BBC East Midlands.

As an important centre for sports, the city plays host to 2 of the world's oldest football clubs; Nottingham Forest and Notts County and Nottingham Rugby Club who play in the English second division.
Dubbed the ‘Home of English Sport', The National Ice Centre, Holme Pierrepont National Water Sports Centre and Trent Bridge international cricket ground are all based in and around the city, with the vast majority a stone's throw from The Glassworks.

The city also plays host to 2 world-class universities, the University of Nottingham and Nottingham Trent University with a total of over 65,000 students studying in the city.

Why invest in Nottingham?

Location

The location of the Glassworks is second to none. Capitalising on the small area of the city centre, the majority of attractions, shopping centres, sporting + cultural hubs, offices and education institutions are a stone's throw away from this development.

Population Growth

The population in the Nottingham Metropolitan Area was 726,000 back in 2010 which has increased to 807,000 in 2023, a 63,000 and 8.5% increase. The population is due to increase by a further 60,000 over the next 10 years as well which will inevitably put pressure on house prices and rental demand leading to further property price growth.

Economy & Housing Market

With a strong £50 billion + economy across the metropolitan area (£12.1 Billion in Nottingham itself), the 7th largest in the UK, Nottingham has a high level of resilience and high employment rate. This will help supply a number of high skilled, well-paid renters who can tenant your properties. Furthermore, with Nottingham being the best performing housing market in the UK over the past couple of years and prices still way below the national average, investors can expect to receive above average capital growth and rental yields.

Regeneration

There is the £250 million Broadmarsh Regeneration project taking place next to The Glassworks which includes a new major retail centre, new library and 75,000 sqft of new public spaces. With a further £2 billion in regeneration projects happening across the city centre, including 850,000 sqft of new office space, Glassworks is ideally located to capitalise on the resulting increase in house prices due to more workers and influx of investment.

Education

As well as having over 65,000 students across 2 universities, the city has a number of highly regarded colleges and academies that rank highly in Ofsted reports. This in turn drives demand for rental accommodation for young workers in the city as well as attracting families to the area as well.

Transport

Nottingham has an enviable transportation network. Located in the heart of England, 80% of the UK population is within a 3 hour drive thanks to the M1 and A1. The station, located 2 minutes' walk from the development, can take you to London in just 95 mins, as well being well connected to the West Midlands, North East and North West. The East Midlands airport also offers convenient access to Europe with the majority of European destinations within a 3 hour flight. Within the city itself it has one of the best tram networks of any UK city alongside multiple bus routes meaning car ownership is not necessary anywhere within the city.

The Property Supplier's Honest Opinion

The Glassworks offers investors the lucrative opportunity to invest in one of the top buy to let hotspots in the UK with as little as £26,000. With completion later this year, investors could capitalise on the predicted interest rate reduction that may happen later this year. Furthermore, it qualifies well across the six main investment criteria we look for in any potential investment opportunity with a strong local economy, one of the best performing housing markets, second to none centralised location, high levels of regeneration, enviable transport links, high quality education and a vastly growing population, this development could be a welcome addition to your property portfolio and offer good medium to long term prospect of good capital appreciation, above average yields and minimal void periods.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.