Property Development Finance
Nottingham

Nottingham: housing targets and supply

Nottingham City Council is the planning authority. The Greater Nottingham Aligned Core Strategies, adopted in September 2014 and prepared with neighbouring councils, provide for a minimum net increase of 17,150 homes in the city between 2011 and 2028, stepping up to 1,170 a year for 2023 to 2028. Its successor, the Greater Nottingham Strategic Plan 2023 to 2041, was submitted on 22 December 2025 and sets 26,690 homes for the city.

The council's housing land availability report, with a base date of 31 March 2025, records 1,905 net completions in 2024/25 including student dwellings, of which 601 were not student homes. Under the standard method it counts 9,004 deliverable homes against 1,371 a year, a five-year supply of 6.57 years.

Sales values for a Nottingham appraisal

The index is only a starting point for GDV, but it frames the numbers. Nottingham's averages for July 2026: £124,000 for a flat, £169,000 terraced, £213,000 semi-detached, £317,000 detached; semi-detached and terraced prices were roughly unchanged, while flats fell 5.2%.

A block of eight flats at the flat average works out at roughly £992,000 of GDV, and four detached houses at roughly £1.27 million. A valuer will want new-build comparables, which often differ from these second-hand figures, before the lender fixes the facility.

If the plan is to hold and let, or to sell to an investor, rents set the value instead. Nottingham rents averaged £1,014 a month in August 2026: £735 for one bedroom, £914 for two and £1,052 for three. Eight two-bedroom flats at that rent would gross about £87,744 a year before costs and voids.

Test your own figures with the residual land value calculator and the LTGDV and ROCE calculator.

England: tax, funding and building rules

Nottingham City Council can attach section 106 obligations and charge the Community Infrastructure Levy where it has adopted one, and the land itself pays Stamp Duty Land Tax; all three belong in a Nottingham appraisal. Homes England, the government's housing agency, is on our panel and lends to smaller housebuilders on schemes of five or more homes in England; see our Homes England review.

Development lenders for Nottingham schemes

For Nottingham, our panel has 49 lenders that offer development finance. You can see who they are further down this page. We check each lender's appetite for the exact address and property before putting your case forward.

Most release build costs in stages after a monitoring surveyor's visit, with interest rolled up and repaid from sales or a refinance; a development exit loan can repay the build lender if units take longer to sell.

Development finance in Nottingham: questions