NG1 Nottingham City Centre — Property Development

NG1 covers Nottingham City Centre in Nottingham (East Midlands). Lace Market & Hockley — boutique conversion territory.

Local market snapshot

• Average property value: £195,000
• Indicative gross rental yield: 6.3%
• Council planning regime: Gateway 3

Local authority: Nottingham City Council — Gateway 3, Article 4 active, average build cost £2050/sqm.

Hot strategies in NG1

• Commercial to Residential (Class MA) — Permitted development and Class MA prior approval rules
• Purpose-Built Student Accommodation (PBSA) — Student housing development opportunities
• Build-to-Rent (BTR) Schemes — Institutional residential rental developments

All postcode hot-spots · Property development glossary