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Limited Investment Units Remain At Nottingham Scheme

Posted 1 October 2021 by Keith Osborne

The Wells is located close to the city centre and has a number of one- and two-bedroom apartments for sale...

Aspen Woolf is warning property investors searching for opportunities in a strong city location that there are a limited number of units remaining for sale at its apartment development The Wells in Nottingham.

Located close to the city centre, this scheme offers 23 one- and two-bedroom units over four storeys, and prices start from £119,995, with a 10% pre-launch discount. Some residents will have their own balconies, some will have their own roof terraces, and all will have access to the roof garden.

Industry experts Savills forecast prices in the East Midlands to rise by 25.5% between 2021 and 2024, making the region one of the top three UK areas for capital growth. For rental incomes, this city offers investors has some areas seeing yields of nearly twice the UK average. In fact, during 2019, rental rates increased in Nottingham faster than any other UK city, with rents increasing 5.8% compared to the national average of 2.6%.

Yields at The Wells are expected in the region of 7.5%. While demand in the city is already strong sue to an undersupply of properties, the Aspen Woolf project is an attractive building which has been fitted with an impressive specification. This includes kitchen units in white gloss with soft-close handleless doors/drawers; integrated appliances include an electric oven, ceramic hob, fridge-freezer, dishwasher and washer/dryer; room-dependent laminate, carpet and tile flooring; contemporary-style bathrooms; and wiring for high-quality digital services.

Find out more about The Wells from Aspen Woolf.

 

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