Landlord Voice Magazine January 2016 - Nottingham

Photo: University of Nottingham IN NUM BERS A CLOSER LOOK AT NOTTINGHAMS PROPERTY MARKET NOTTINGHAM Housing Tenure Owner-occupied Part owned, part-rented Social rented (local authority) Other social rented Private rented Living rent free NOTTINGHAM BY Property types 12 | LandlordVoice | January 2016 Percentage Average Price Flats 21% £127,901.00 Terraced 16% £128,820.00 Semi-detached 28% £155,362.00 Detached 35% £326,452.00 Nottingham Average Rents £495.00 per calendar Month £643.00 per calendar Month £790.00 per calendar Month £1265.00 per calendar Month £1625.00 per calendar Month Statistics quoted were taken from the Office of National Statistics and www.home.co.uk Rental yield projection for a two-bedroom Nottingham property interest only buy-tolet mortgage. Avg price = £128,820 Amount borrowed = £96,615 Avg income = £790 pcm Annual rental income = £9480 Monthly interest = £201 Yearly interest = £2412 Profit = £7068 Yield = 7.31% *Based on RBS deal with 25% deposit at 3.9% APR before expenses and mortgage tax relief January 2016 | LandlordVoice | 13

Landlord Voice Magazine January 2016 - Nottingham | Page 12