Property ID:
- Units Include: one-bed, two-bed
- Completion Date: Q4 2025
Features
Description
The Mill – Located in Derby’s finest investment location, this development offers 70 luxury one and two-bedroom apartments ranging from 431-764 sqft. Each apartment finishes with high-specification interiors, a fully fitted kitchen and a contemporary bathroom suite. Gym amenities and parking allocated space option available:
- Projected yield: Up to 5%
- 1-Bed Price: £154,995 – Rental income £900 per month
- 2-Bed Price: £179,995 – Rental income £1000 per month
- No ground rent
- Estimated completion Q4 2025
- Only 5% deposit to reserve
- Various Flexible payment plans
- Developer funded option – No credit checks
- Full tenant management service provided
Derby has solidified its position as an investment hub, renowned for its strengths in advanced manufacturing and various other high-value sectors. These factors contribute to sustaining some of the highest average earnings rates in Britain. With a strong foundation in employment growth and urban regeneration, the city is set to experience a surge in local rental demand. Official forecasts predict a population increase of over 25% to reach 312,000 residents. Additionally, Derby’s excellent transport links further enhance its appeal, making it a favoured location for both companies and employees.
The East Midlands – and Derby – saw the highest rise in rents and house prices in 2022 according to the office of national statistics. This rising population is highlighting the potential of Derby property going forward as well. JLL suggests that Derby could see property values increase by 17.5% by 2026.
With only 70 units available for The Mill, act fast and enquire today to find out more.
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Location
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Derby
Why invest in Derby?
Economic and Infrastructure Development
Derby’s economic landscape and infrastructure are key drivers for property investment:- Economic Growth: Derby is a significant economic hub with a diverse economy encompassing sectors such as aerospace, automotive, and engineering. Major employers include Rolls-Royce and Toyota, contributing to the city’s economic stability and growth.
- Regeneration Projects: The city is undergoing extensive regeneration, particularly in the city centre and surrounding areas. Projects such as the redevelopment of the Derbion shopping centre and improvements to transport infrastructure are set to enhance property values and attract further investment.
- Transport Connectivity: Derby benefits from excellent transport links, including direct rail services to London and other major cities, as well as proximity to the M1 motorway. These connections make it a convenient location for commuters and businesses.
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