Bulwell is ‘ripe for investment’

East Midlands, [6 December 2006] A former tram and bus depot at Quantum in Bulwell could be one of the most sought-after spots for investors in west Nottingham when 24 new town houses are completed next year.

The development in the Piccadilly area of the city by Ilkeston-based Fairgrove Homes aims to meet the needs of investors and the young professional market. “The East Midlands has become a hot spot for investors,” says Steve Midgley, managing director of Fairgrove Homes. “We’ve seen major firms increase their investment in the area, and with two leading universities in Nottingham alone there is a considerable professional market for investors to tap into. From talking to potential investors, we’ve found that Nottingham has become an attractive place to live and do business. The city has a sizable population of professionals and academics who live here on relatively short-term contracts, as well as those who establish a long-term home here. Because there are so many professionals, there is a growing demand for good-quality homes in the right location, both to rent and to own.”

Fairgrove selected the site at Quantum in Bulwell because it meets the growing need for high quality homes within easy reach of the city centre. “With city centre prices reaching a premium, investors are looking for opportunities further afield,” says Steve. “This latest Fairgrove location allows us to provide stylish homes that meet the needs of investors in what is essentially an up-and-coming location. The area to the west of the city has more affordable rental values than the city centre itself, yet it still offers investors an excellent return.”

The first-rate transport infrastructure in the area will also be a winner for investors catering for a professional market that enjoys all that Nottingham’s day and night life has to offer. “Quantum in Bulwell represents significantly better value than city centre living,” says Steve. “But with the excellent bus and tram links to the centre throughout the day residents can enjoy everything about Nottingham without being out of pocket.”

Notes to editors:
Attached JPEG shows Steve Midgley, managing director, Fairgrove Homes.

About Fairgrove Homes           
Fairgrove Homes is a locally owned business that prides itself on building individual homes of character. The company combines high quality with small developments in desirable locations to meet customers’ needs. Its current sites include:
In Derbyshire – Grange Gardens, Loscoe, which is due to open in December 2006.
In Nottinghamshire – The Bruntings, Eakring Road, Mansfield; Quantum in Bulwell; and Orton Fields, Bramcote.
In Leicestershire – Poacher’s Walk in Shepshed, which is due to open in January 2007, and the Old Bull Farm, Sutton Bonington.

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