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Derby is an often-overlooked area when it comes to property investment. However, with the arrival of HS2 it will soon come into the limelight.
Much of Derby’s property is undervalued but it is expected that the arrival of HS2 will push prices up significantly. Between 2017 and 2018 property prices in Derby rose by 4.1% – above the national average of 2.4%, suggesting that momentum is already picking up in the midlands city.
Derby already enjoys a central location within the United Kingdom and is home to many distribution centres as all the UK is easily accessible. A new warehouse which will create up to 1,000 jobs is due to be built on a business park near Derby next to the existing M&S warehouse. There is also an Aldi distribution centre in Toton which is predicted to bring up to 1,000 jobs. With extra employment opportunities in the region, it is likely people will be chasing the jobs and will therefore need accommodation.
One Touch offers two investments, one in Derby and one in a town between Derby and Nottingham.
The first is Prosperity House, a 147 one-and-two-bedroom apartment block. This is a completed development and all apartments have an open plan design with large windows to allow lots of natural light. As it is in the city centre, it is within walking distance of all the city’s amenities. For a purchase price from £99,995, a yield of over 7% is achievable.
The second is a property in Ilkeston, a market town between Derby and Nottingham. As it is between the two cities it is a convenient choice for those looking to work in either and therefore will be a good option for a larger pool of tenants. One-bedroom apartments in this boutique conversion start at £89,950, and they are below market value for their prime location on the high street.
Contact us today to find out about these investments in Derby and how you can take advantage of capital growth in the area.
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