Published: 07/07/2021 By Saint Property ServicesAs more and more people have acclimatised to remote working, we’ve seen a boom in people looking for homes outside of busy centres like London. The Midlands has been a particular favourite for many as the central location offers great connectivity to major transport links, convenient travel times, and all of the modern conveniences we’ve come to enjoy, without a London price tag.
Even with everything that Nottingham has to offer some areas command a higher price than others. We’re going to take a look at some of Nottingham’s most exclusive neighbourhoods and why they are so popular.
What is the baseline?
What are Nottingham’s most exclusive neighbourhoods?
West Bridgford and expensive properties are one of Nottingham’s worst-kept secrets. Ask any local ‘where is expensive to buy’ and chances are they will mention the premium prices that come with a West Bridgford postal code. This neighbourhood sits just south of the river and is conveniently placed about a mile from the city centre. This proximity to the city makes West Bridgford a bustling neighbourhood with plenty to keep you busy but far enough away that you can find opulent detached properties and contemporary apartments.
This area is also home to several upmarket restaurants and boutique shops and is right around the corner from major sporting venues. The southern location also makes this region great for commuters as you can hop on the A52 without having to go through the city. What’s more West Bridgford has excellent schools and a lively calendar of community events to add to its charms. With this in mind, it’s little wonder West Bridgeford’s average property price is £363,021.
The Park is a private residential estate that is instantly recognisable with its Victorian architecture and amphitheatre-like layout. Centred around the Tennis Club at the bottom of the valley, stately properties ring around this area with some originally built back in the 1840s. The most surprising part of The Park is that it’s right next to town, a mere 15-minute walk from the centre itself and a 5-minute walk from Nottingham Castle.
These incredible properties are also surrounded by tree-lined streets and interesting green spaces further adding to the bucolic peace and quiet of this private residence.
Being so close to the city centre means a move to The Park gives you access to everything the city has to offer. Two world-class universities have campuses dotted around the city, a network of trams, buses, and trains, and of course, the thousands of shops, restaurants, bars, and businesses are just the tip of the iceberg with a vibrant cultural scene and annual events adding to this mix.
Most properties in The Park are larger detached properties and this is reflected in the average price. According to the latest figures, properties in this area sold for £443,272. This is almost double the average for Nottinghamshire as a whole and shows how exclusive this neighbourhood is.
A neighbourhood that many may be surprised to see in this list, Beeston was recently noted for having the most expensive road in Nottingham (according to 2019’s figures). Beeston Fields Drive had an eye-watering average price of £850,000. This impressive figure is by no means the largest with larger properties in Nottinghamshire often going for millions of pounds but the fact that the entire street had an average more than three times the Nottinghamshire average shows how valuable properties in this area can be.
Beeston’s location near the city, University of Nottingham, and Wollaton Hall make it a fantastic location for families, students, and landlords looking to build their portfolios. This area is well connected to the city by bus and tram and has its very own train station for commuting further afield. If you take a drive through the town you’ll find more affordable homes nearer the High Street and the town itself with larger detached family homes on the outskirts (especially bordering areas like the Beeston Fields Golf Club).
Beeston is also an exciting choice for letting properties with links to the city, university, and major roads making it a great choice for long term investment. As such it has become a hit with property owners looking to live or let leading to some very healthy gains on property values. House prices in Beeston averaged out higher than the average for Nottingham at £258,470.
Edwalton is another suburb south of the city bordering West Bridgford and Gamston. This area is renowned for having some of Nottingham’s most expensive properties with streets like Valley Road, Croft Road, Melton Road, and Village Street all boasting properties that go for over a million pounds.
This small neighbourhood has a range of different property types, most built in the post-war era (the 1950s). Edwalton’s access to schools, shops, main thoroughfares, and the nearby West Bridgford gives homeowners plenty of amenities to use right on their doorstep. The proximity to the city is in that sweet spot between city living and suburban living giving you the benefits of both.
With several million-pound properties skewing the numbers it’s little wonder that the average house price in Edwalton is £468,057. The relatively small area and larger properties mean that whenever a home goes on sale in Edwalton chances are there is going to be plenty of competition.
The City Centre
Last, but not least, Nottingham City Centre can be an exclusive neighbourhood to try to move into, especially when looking at the size of properties in the city. Given the built-up city environment, buying a property with room to grow can be costly. Detached properties in the city centre for example sold for an average price of £685,000. Exclusive properties near The Park; along Park Terrace and The Ropewalk, are somewhat responsible for these prices with modern apartments aimed at young professionals on the riverbank also making for attractive investment opportunities.
The draw of Nottingham City Centre is that it’s large enough to give you a busy city life but small enough to still feel personal and friendly. Impressive historical buildings and rich culture and history add to this feeling while the central location of the Midlands makes it an easy commute to Leicester, Derby, Birmingham, and Lincoln. Nottingham is also a popular stop on many train routes providing even more connectivity between Nottingham and major hubs like London, Manchester, and Liverpool. Add to this; countless amenities like schools, shops, gyms, galleries and shops, and it’s easy to see how the City Centre can be a huge draw for those looking for an exclusive address.
If you’re interested in finding out more about properties for sale in Nottingham or are interested in letting a property then please contact us today. Our team works with customers to offer an unparalleled level of service combined with expert advice and all-important local knowledge. Give us a call now and we’ll help you find the perfect neighbourhood to call home.