Nottingham's city-wide rental valuation picture currently averages £250,000 to buy and £950 a month in rent, a 4.6% gross yield, a little above the UK median of 4.1%. As with every UK city we've looked at this closely, that single figure covers up a real spread between individual postcode districts.
The gap between Nottingham postcodes
NG7, covering the Lenton and Radford areas near the universities, currently averages a 6.8% gross yield on a £200,000 average asking price and £1,127 average rent. NG23, out toward the rural fringe beyond the city, averages just 2.2%, on a much higher £495,000 average asking price against £922 in rent. Both numbers meet our minimum sample size threshold, this is a real difference in market conditions, not noise from a thin sample.
The same underlying pattern shows up here as in every other UK city we've broken down this way: denser, cheaper, centrally-located postcodes with strong rental demand tend to outyield the more expensive outer and rural-adjacent districts, often by a wide margin.
Checking a specific Nottingham property
The city-wide 4.6% is a reasonable description of Nottingham overall, but check the full Nottingham postcode breakdown for the specific district you're actually looking at, and run real numbers through the buy-to-let cashflow calculator once you have a price and rent to work with.
To see how Nottingham's best postcodes compare nationally, check the highest-yield postcodes in the UK right now.
Figures are gross averages from live market listings as of publication, not a forecast or a valuation of any individual property. Not financial advice.