Derby is coming into its own as a leading property investment location and it’s easy to see why. Combining all the benefits of city living with access to the breathtaking natural beauty of the Peak District National Park and easy access to London, Manchester and Leeds, Derby offers opportunity, connectivity and an unrivalled quality of life.
Derby is a truly connected city. 80% of Great Britain is accessible within a 4 hour drive, and 5 international and freight airports can be reached within an hour of Derbyshire. HS2 – the new high speed rail link connecting London to the Midlands and the North – will run directly through the city of Derby, slashing travel time to the capital to under an hour and making the city truly commutable.
Alongside HS2, the city is undergoing significant regeneration. Already home to global names, including Bombardier, Rolls-Royce and Toyota, the City Centre Masterplan 2030 is set to leverage £3.5 billion in additional investment, create 4,000 new jobs and deliver 1.900 new homes.
As the cost of living in London continues to soar, more people are looking to benefit from a more affordable lifestyle and access to the great British countryside. With the Peak District National Park and National Forest right on the doorstep providing all the hiking, outdoor pursuits and countryside village pubs anyone could ever wish for, alongside iconic heritage assets such as Chatsworth House and other National Trust properties, Derby truly has it all.
According to a recent report, property prices in the city of Derby have risen by 71% in the past 10 years. With lots of regeneration projects on the horizon, this substantial figure is set to grow even further.
At the heart of the city’s growth prospects is The Silk Yard, a stylish new development forming the cornerstone of the wider Castleward Urban Village regeneration. Located just a 15 minute walk from Derby’s train station, the Silk Yard is set to become the go-to destination for professionals who want to make the most of all Derby has to offer. Just a stone’s throw from Derby’s thriving city centre and within a few minutes’ walk of premium shopping brands and city staples at The Derbion, restaurants, coffee shops, performing arts, theatre, cinema, gyms and yoga studios.
Last year, the East Midlands boasted the largest rise in house prices and rents in the country, and Derby’s prospects for growth are only going from strength to strength. With the city announced as the new headquarters of Great British Railways and the Chancellor Jeremy Hunt announcing a new low tax Investment Zone in the East Midlands, £80 million of support and tax incentives will further boost growth and attract more businesses to the city.
There has never been a better time to invest in Derby. Contact your advisor today to find out more about Derby investment opportunities.