The iconic city of Nottingham is one of the largest unitary authorities in the United Kingdom. Home to Robin Hood and his Merry Men – Nottingham and Nottinghamshire can be found in the East Midlands county of England.
In the heartlands of the country, Nottingham has always enjoyed an importance in trade and transport – from its boom during the Industrial Revolution as a manufacturing power, to its modern role as a business capital of England. Famous people from Nottingham include the pioneer John Boots of Boots Chemists and famous romantic poet Lord Byron.
Historically the River Trent was an important hub of the city for both transport and trade, though it has since become more of a cultural icon. Connection with the M1, M6 and M5 bring travel times to London within 2.5 hours, Manchester in less than 2 hours and Birmingham just 55 minutes. East Midlands airport is less than 15 miles south-west of Nottingham and the city also has one of only six light rail systems in England, along with a national rail service.
The population of Nottingham has been increasing ever since it was first recorded in the 4th century, with latest counts putting the figures at more than 300,000 residents. This number can increase by up to 15% during term time as the 60,000 strong student base of Nottingham Trent University and the University of Nottingham relocate. Along with the rest of the Midlands area, Nottingham has a diverse range of ethnic populations and religious practices – with just a 65.4% White British majority. Other demographics include a thriving 13.1% Asian minority, 7.3% Black and 6.7% Mixed Race.
The fact that the city is today home to almost 60,000 full time students, has meant that there is no significant demand for student property investment in Nottingham city centre, as well as the surrounding districts such as Lenton and Beeston.
Today however, new directives currently being undertaken by the local council authorities have seen a gradual push towards more city centre based student accommodation investments in Nottingham. Over the past two years, we have seen a number of high quality student properties being launched in the central Nottingham area, which have seen considerable interest from students and investors alike.
For more information about out student properties for sale in Nottingham, contact Hopwood House today.