Recently named as one of the "fast-improving newcomers” in the Sunday Times 2020 Best Places to Live, Nottingham is punching well above its weight compared to many other Midlands cities and indeed, nationally.
Whether you are looking to find your ideal first time buy, invest in a family home or extend your portfolio with a rental property, Pelham Homes' Head of Sales Anna Campbell has rounded up the top reasons for investing in Nottingham as place to live.
Anna Campbell, Head of Sales at Pelham Homes
A small city with a big personality
According to the Nottingham Post, Nottingham is officially “Britain’s buzziest - and most improved - small city.“ “Fun, funky and affordable”, Nottingham and its Shires have a population of over 700,000 and cover over 2,160km², bordering Derbyshire to the west and Leicestershire to the south and Lincolnshire and Rutland to the east.
With a history of rebellion, justice and fighting spirit from Robin Hood, Albert Finney in “Saturday Night and Sunday Morning” and the “Mighty Reds”, Nottingham is full of culture and character.
The Sunday Times described the city as “a thriving shopping hub with a cracking arts scene and has one of the best public transport networks in the country.”
A perfect place for anyone looking to find an eclectic location to call home.
Great for getting around, sustainably
With an award-winning public transport system, bus routes and cycle tracks joining up the city and county, plus two main airports within easy reach, Nottingham is one of the most connected and eco-friendly cities in the UK.
It’s on an environmental mission to cut carbon and is aiming for zero emissions by 2028 - a full 22 years before the government’s nationwide target. Plus, all the homes at Pelham Waterside (excluding the apartments) come with electric vehicle charging points as standard, so you can do your bit too.
Food for thought
If eating out is your thing, then Nottingham has every type of food you can think of. From the Street Food Club in the Victoria Shopping Centre to two Michelin-starred restaurants, Restaurant Sat Bains and Alchemilla, and everything in between.
With independent coffee houses such as 200 Degrees and contemporary cuisine and cocktails including Hockley Arts Club and Sexy Mamma Love Spaghetti, there is something close by to suit every taste and budget.
Or, why not get your dinner delivered to your new Pelham Waterside home? Located so close to the city that you are on all the major food delivery routes.
City centre attractions close to the countryside
With a collection of galleries led by Nottingham Contemporary; two arthouse cinemas, a multiplex, several theatres and venues for concerts, comedy and live music, Nottingham caters for the city-dwelling culture vultures.
Yet, with its plethora of parks, green space and proximity to the River Trent, an extensive canal network and being less than an hour from the Peak District, Nottingham offers a cosmopolitan lifestyle that is never far from nature.
“The home of English sport”
From Brian Clough to Carl Froch, Torvill and Dean and Graeme Swann to Rebecca Adlington, Nottingham is a city of sporting legends, so it’s no surprise that Visit England awarded Nottingham the Home of Sport title in 2015.
With Notts County and Nottingham Forest football clubs, Trent Bridge - world-famous Test Match cricket ground, the National Ice Centre, Nottingham Tennis Centre and Holme Pierrepont - the National Water Sports Centre, plus golf clubs galore there is everything for the armchair spectator to the budding pro.
Primed for investment
Over 50 national and regional companies have chosen Nottingham as their headquarters. These include global giants like Boots, E.ON, Speedo, Experian, Capital One and Paul Smith, as well as many tech and pharma businesses, thanks to BioCity and the Nottingham Science Park. All of these make Nottingham a thriving economic hub and major employer.
Adding to the £1 billion which has already been invested in Nottingham’s road and rail infrastructure, Nottingham is embarking on an intense period of economic regeneration, with a £2 billion redevelopment of the 'Southside' of the city centre encompassing a new college campus and Grade A office space, all currently under construction. These developments, coupled with the £30million investment the iconic Nottingham Castle will ensure the future prosperity and investment potential for the city.
More for your money
Not only is Nottingham a great place to invest or relocate a business to, the quality of life enjoyed by Nottingham residents comes at a fraction of the cost you would pay in London https://www.investinnottingham.com/why-nottingham. It offers competitive salaries, with the average digital salary around £44,023, again above the UK average, ranking Nottingham as one of the best places to live in the UK.
It’s also at the top when it comes to typical annual savings, with workers saving on average £6k more than those in London. So, you can really make the most of your free time and spare cash.
More importantly, house prices in Nottingham are significantly lower than the UK average, yet house prices remain buoyant and retain their value. Plus, with the stamp duty holiday from 8 July 2020 to 31 March 2021, now is a great time to buy at Pelham Waterside to save anywhere between £1,500 and £5,000 on the price of a new home.
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