Estate agents reveal areas of Nottinghamshire where demand is booming
Across Nottingham and Nottinghamshire, the property market is booming. Rentals are rising, homes are selling fast and the market is generally racing along.
But when it comes down to individual areas, where are buyers keen to put down roots?
Nottinghamshire estate agents are seeing across the board interest but there are some pockets around the county that are particularly sought after.
Jane Dixon of FHP Living said that the top three areas requested by her clients in her patch were West Bridgford, The Park and Mapperley Park along with the outlying villages, while other agents cited a lot of demand in areas like Beeston, the city centre and The Meadows.
Analysis by Rightmove for Nottinghamshire Live showed villages around the county were experiencing increased interest.
In fact, Kinoulton in Notts saw the greatest increase when it came to buyer searches via its website during August, with a massive increase of +53%, while Skegby in Sutton-in-Ashfield also ranked highly among house hunters with an increase of +42% and East Markham, Newark attracting +39% more buyer interest.
Transport links, price and improving facilities also got a mention when talking to Nottinghamshire estate agents about what home buyers were looking for. Here’s what they had to say...
One to watch: The Meadows
A surge in interest in The Meadows was highlighted by Graham Sheardown, associate director at Royston Lund.
He said: "The Meadows is one of the biggest movers when it comes to price [in our patch]. First time buyers that may have previously been looking for an apartment in West Bridgford are thinking that they’d prefer a house with a garden in The Meadows for a similar price.
House prices have rocketed there and are above the national trend of 7 to 8% price rises and are potentially more like 10-15%. It is a good place to buy as it is still affordable."
Savills Nottingham highlighted a trend in buyers looking at areas with good transport links.
Clare Bingham, senior negotiator at the firm, said: "We are still seeing quite a lot of London buyers who are looking for properties near mainline train stations. Places such as Southwell and the surrounding villages are proving popular for accessibility to Newark Northgate station, while The Park has seen an uprise due to its proximity to the city centre and Nottingham train station.
"The villages around Grantham also continue to be sought after, again with the mainline station being a key factor."
The Park, Nottingham
This is Nottingham's private city centre estate.
Jane Dixon, property consultant, at FHP said: "With regards to the Park Estate, the market remains buoyant, with houses seeing the most growth. Gardens are a major factor when the public choose their next home.
"The Park will always remain strong with its close proximity to transport links and many amenities with lying adjacent to the city."
Estate agent Elliot Brown said he was still busy with investment property throughout the NG1 area of Nottingham. The city centre sales consultant at FHP Living, said: "Investors from all over, local, down south or overseas are looking to purchase within Nottingham city centre.
"Buyers are looking for one and two bedroom apartments mostly.
“I would encourage people to put their NG1 properties onto the market if they have had a thoughts of selling.
“Although the NG1 market is still busy, the cladding situation throughout the whole of the UK is having a massive impact as some of the [usually] very saleable blocks in Nottingham are currently unsaleable."
Speaking to Nottingham residents about their opinion of the city, value for money was highlighted as one of the attractions of the city.
Shaun Harvey, 33, an Energy broker from Scotland but resident in Nottingham, said: "Not only is it a quite happening place, it has the universities but it is also a lot cheaper than places down south like London.
"I imagine that people think 'what’s the point in living in a tiny flat in London when they could live here and have a much better standard of living'.”
Lucy Walker, 18, a student at Sheffield University and from Nottingham, said: "I think they have a really good night life, we’ve just been to Leeds and it was boring.
“They definitely have good bars here as well.
“The uni, two really good universities so that’s definitely a reason”
Lucy’s friend, Sharn Boyles, 18, student at Manchester University but from Nottingham, added that Nottingham is “quite diverse as a city."
Over in Beeston, investment in the town is having a marked effect on the property market as Philip Burton, director at Robert Ellis, confirmed, saying the firm was "seeing a lot of demand" in particular for "North West Beeston and central areas".
He said: "People are being drawn in by additions like the new cinema and new developments in the local area.
“There has been gravitation of the town centre towards the Chilwell end of the town with the shift in the high street joining up with Chilwell High Street.
"We’ve also seen an increase in demand in Beeston from Hong Kong buyers as the government offers preferable terms for citizenship and there are some strong ties with the university".
Beeston residents Dr Bill Pavlidis, 65, a retired university lecturer, and his wife, Wendy Pavlidis, 71, a retired teacher, thought transport, shopping and education were among the attractions of Beeston.
Wendy said: "The transport's good" and there's "reasonable shopping".
Dr Pavlidis added: "The universities are a big attraction." Continuing: "It attracts a lot of students, there’s 60,000 students at Nottingham. On Queens Road, virtually all the houses are student accommodation.
"I personally think the number one factor is university."
Another Beeston resident who didn’t wish to be named told Nottinghamshire Live: "It’s a vibrant place and feels alive. It hasn’t died on its feet like a lot of places.
"I think the cinema is a brilliant idea, we had been going into town for the cinema but now we can just go here."
West Bridgford has always been a popular area and Graham Sheardown, associate director at Royston Lund, confirmed the trend continues.
Graham has been in the estate agency business for 22 years, spending the last 11 years with Royston and Lund in the suburb.
He said: "The West Bridgford market is extremely busy and we are seeing overwhelming demand for every area within Bridgford.
"Flats and apartments have finally started to sell again following a drop in demand for these property types during the pandemic, along with retirement properties and bungalows, with people preferring properties in either more rural locations or with more outdoor space. First time buyers continue to be active in the marketplace."
"In the past four or five years there has been more balance in the market with supply being met by new developments such as Wilford Fields, Edwalton Park and new builds at the bottom of Greythorne Drive. But with many of these sites finished or nearing completion it is putting more pressure on the second hand market.
"We are now seeing everything from a two-bed semi in Gamston to a six-bed in West Bridgford attracting multiple buyers and bids. For instance, a two or three-bed in Gamston may generate 20/30 enquiries in the first week of going on the market while roads such as Ella Road and Crosby will get 20 - 30 enquiries in the first 24-48 houses. It really still is a sellers market.
Price growth in homes in Mapperley Park was highlighted by Jane Dixon, property consultant at FHP Living.
She said: "I would say that in Mapperley Park period properties are more popular around the £500,000 mark. Certain properties have already seen a growth of around 10% this year alone and it has also been featured in The Times along with others as was one of the most salubrious areas to live with its close proximity to Nottingham.
Ian Marriott, head of residential sales at Savills Nottingham, said: "We have been experiencing our busiest period for a long time and the entire county seems to be in high demand at present, providing properties are correctly priced.
"The £1million+ market continues to do very well, and properties near green space, regardless of where they are in the county, are also generating additional interest."
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