The location of the Glassworks is second to none. Capitalising on the small area of the city centre, the majority of attractions, shopping centres, sporting + cultural hubs, offices and education institutions are a stones throw away from this development.
The population in the Nottingham Metropolitan Area was 726,000 back in 2010 which has increased to 807,000 in 2023, a 63,000 and 8.5% increase. The population is due to increase by a further 60,000 over the next 10 years as well which will inevitably put pressure on house prices and rental demand leading to further property price growth.
Economy & Housing Market
With a strong £50 billion + economy across the metropolitan area (£12.1 Billion in Nottingham itself), the 7th largest in the UK, Nottingham has a high level of resilience and high employment rate. This will help supply a number of high skilled, well paid renters who can tenant your properties. Furthermore, with Nottingham being the best performing housing market in the UK over the past couple of years and prices still way below the national average, investors can expect to receive above average capital growth and rental yields.
There is the £250 million Broadmarsh Regeneration project taking place next to The Glassworks which includes a new major retail centre, new library and 75,000 sqft of new public spaces. With a further £2 billion in regeneration projects happening across the city centre, including 850,000 sqft of new office space, Glassworks is ideally located to capitalise on the resulting increase in house prices due to more workers and influx of investment.
- Trent Basin: Trent Basin is a sustainable housing development located on the banks of the River Trent. The project aims to create a low-carbon community with energy-efficient homes, green spaces, and sustainable transportation options. The estimated cost of the project is around £100 million.
- Nottingham Science Park: Nottingham Science Park is a regeneration project focused on creating a hub for scientific research, innovation, and collaboration. The project includes the development of state-of-the-art laboratories, office spaces, and facilities for science-related businesses. The estimated cost of the project is around £30 million
- Nottingham Waterside: The project includes residential, commercial, and leisure developments, with a focus on creating vibrant public spaces and enhancing connectivity. The estimated cost of the project is around £500 million.
As well as having over 65,000 students across 2 universities, the city has a number of highly regarded colleges and academies that rank highly in Ofsted reports. This in turn drives demand for rental accommodation for young workers in the city as well as attracting families to the area as well.
Nottingham has an enviable transportation network. Located in the heart of England, 80% of the UK population is within a 3 hour drive thank to the M1 and A1. The station, located 2 minutes walk from the development, can take you to London in just 95 mins, as well being well connected to the West Midlands, North East and North West. The East Midlands airport also offer convenient access to Europe with the majority of European destinations within a 3 hour flight. Within the city itself it has one of the best tram networks of any UK city alongside multiple bus routes meaning car ownership is not necessary anywhere within the city.