NG7Nottingham

City Centre & Lace Market

City Centre & Lace Market investment guide. Average gross yield 8.8%, tenant's market rental demand.

8.8%avg gross yield

£177kavg sold price (543 sales, 12mo)

Tenant's marketrental demand

Article 4: No· Permitted development applies

Last updated April 2026

Average Gross Yield

8.8%

+5.1% vs Nottingham avg (3.7%)

Average Asking Price

£177,000

high confidence (543 sales)

Est. Monthly Rent

£1,105

2-bed · 3-bed £1,351 · 9.3% yield

Price Per Sq Ft

£245

City avg £263/sqft · 18 below average

Estimated Rent by Bedroom Count

Average asking rent and gross yield per bedroom count in NG7

1-bed

£727

per month

6.1% yield

2-bed

£1,105

per month

9.3% yield

3-bed

£1,351

per month

8.9% yield

4-bed

£1,956

per month

12.4% yield

Ownership mix

NG7 vs UK average · 29,024 dwellings · Source: ONS Census 2021

Landlord-heavy: 45% privately rented (btl) (25pp higher than the UK average of 20%).

Owned outrightNo mortgage on the property

16.8%(UK 32.9%)

-16.1pp vs UK

Owned with mortgageIncluding shared ownership

17.0%(UK 29.7%)

-12.7pp vs UK

Privately rented (BTL)Private landlord or letting agent

45.0%(UK 20.3%)

+24.7pp vs UK

Socially rentedCouncil or housing association

21.2%(UK 17.1%)

+4.1pp vs UK

Black tick = UK average. ONS Census 2021, TS054 (Tenure of household).

Yield by Property Type

Gross yield breakdown across property types in NG7

PropertyData.co.uk

Type	Gross Yield	Avg Price	Avg Rent/mo
Terraced →	9.5%	£155,604	£1,234
Semi-detached →	7.2%	£220,000	£1,311
Detached →	5.3%	£330,100	£1,455
Flat →	9.7%	£135,250	£1,088

Explore by strategy

Live data for each property type across Nottingham.

HMO Terraced Semi-detached Detached Flats Student lets New build Strategy primers →

About City Centre & Lace Market (NG7, Nottingham)

NG7 attracts investors seeking strong gross yields of 8.8%, significantly above many UK regional averages. The area's central location and diverse property stock appeal to those looking to capitalise on Nottingham's ongoing regeneration and rental demand.

The tenant mix skews towards professionals and students, with particular demand for 1-2 bedroom units at £727-£1,105 monthly rent. Larger family homes (3-4 beds) command £1,351-£1,956, reflecting the area's appeal to mixed demographics including university workers and city centre commuters.

Investors should note this is a tenant's market, suggesting competitive lettings and potential downward pressure on rents. Property valuations and rental yields should be stress-tested against economic conditions, as city centre areas can experience volatility during market downturns.

Sold Price Trend - NG7

Average sold price, last 8 quarters

-72.2% over 2 years

Flip Activity - NG7

Same property bought and sold within 18 months, last 24 months

→ vs prior 24 months

Flips

last 24 months

Median uplift*

+0.0%

after HPI adjust

Median hold

0 mo

Flip rate

0.0%

of all sales

Recent case studies

falcon grove

Terraced

Bought Apr 24

£83k

Sold Apr 25

£124k

12 mo+43.6%*

Gross 49.4%

* Real uplift after ONS regional House Price Index adjustment. Freehold and leasehold included; leasehold flips flagged as lease-extension status is not verifiable from public data. Source: HM Land Registry Price Paid Data.

Planning & Licensing - NG7

Restrictions that affect HMO and buy-to-let investors in this postcode district

✓

Article 4 Direction (HMO)Not in effect

HMOs of up to 6 occupants (C4 use class) can be created without planning permission in this area.

✓

Selective LicensingNot in effect

✓

Additional HMO LicensingNot in effect

Planning restriction data not yet verified for this area.

Planning information is for guidance only. Always verify with the local planning authority before purchasing. Data correct as of April 2026.

Nearby Postcodes

Adjacent areas with comparable investment profiles

NG17.7%

Nottingham City Centre

Nottingham

View area guide

Get alerts for NG7, Nottingham

Be the first to know when new auction lots land in NG7. We'll email you as they're listed.

Pre-filled with NG7. No spam. Unsubscribe any time.

View live auction lots in NG7

Proppys aggregates current auction lots from UK auction sites, filtered by yield targets.

Browse NG7 auction lots

Recent auction lots in NG7

Browse all NG7 auction lots