In recent years, the East Midlands city of Derby has become an increasing hot spot for investors. Previously overlooked, the city is teeming with unlocked potential. It has a strong and steadily growing population, thanks to a vast array of businesses and industries who have made their home in this historical city and pull thousands of workers to it each year.
It has also been viewed as a commuter town, due to its close proximity to larger cities, such as Birmingham, Leicester, Nottingham, and even Sheffield. It is also home to the University of Derby, which currently has nearly 30,000 students studying with them — all of whom need a place to live. Here at North Property Group, we can help you find the perfect buy-to-let property in Derby, securing you a stream of rental income and high yields.
It’s not just buy-to-let properties that have become popular with this city; new builds have become a firm favourite place to live amongst the high earning, skilled workforce that Derby attracts. These properties are built to a high specification, offering timeless appeal and quality living to both investors, homebuyers, and renters. We have recently secured access to an attractive and modern high build property in Derby, giving investors a chance to unlock this unassuming city’s potential.
If you are looking for property investment in Derby, North Property Group can help you take advantage of a relatively new and developing market. While not as populous as other cities on the market, Derby is still suffering from an acute shortage of housing and a steadily growing population – something with the right guidance and expertise, can easily be taken advantage of.
At North Property Group, we understand that property investment can be a complex and time consuming process. That’s why we offer a range of services to make the process as easy as possible. From property sourcing to rental management, we’re here to support you every step of the way. Investing in Derby property is a smart choice, with house prices and rents predicted to rise in the coming years. Don’t miss out on this opportunity – contact North Property Group today to learn more about our buy-to-let properties, new build properties, and property for sale in Derby.
Inner City Regeneration Plans
Commuter town with strong transport links
population, which is steadily increasing
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Derby is a fantastic investment opportunity for those looking for buy-to-let and buy-to-sell properties. The city frequently appears in “best places to live” lists and in 2020 was voted as the best city in the UK for young people to live.
In the past, the city was renowned for its silk production. Now, the city continues with its legacy in manufacturing, expanding to different industries such as automotive and aerospace. Visitors and residents can still immerse themselves in Derby’s rich working history by visiting the The Museum of Making, situated in the old silk mill.
Derbyshire county has 29,700 businesses that employ about 293,000 people. The city of Derby itself is home to 7550 businesses, many of them being manufacturing based. These businesses bring thousands of workers to the city each year on both a permanent and temporary basis. Derby is currently home to roughly 260,000 people, 137,000 of which are employed. A lot of these workers are employed in highly skilled positions, opening up opportunities to investors looking for quality living spaces to cater to high end residents.
The city has long since needed regeneration, and the city council is looking to revitalise the city centre. More and more housing projects are in development to meet a steadily growing demand for premium living spaces, especially as the city continues to attract skilled workers and prospective families.
The city also promises good returns on investments, with Wavensmere reporting that the cost of renting had doubled in the city centre. The city has seen a 58% increase in house prices in recent years, an absolutely phenomenal increase, with this trend predicted to continue.
Life in Derby
Derby’s appeal lies in its array of high quality housing, low value housing, wealth of job opportunities, strong economy, and affordable living costs.
It is a fantastic option for prospective students, with the University of Derby serving almost 30,000.There is also Buxton & Leek College and Derby College for those looking to pursue higher education, though forego university. Beyond that, there are countless primary schools and plenty of secondary schools, making Derby an attractive place for families just starting out.
Derby is situated at the very heart of the country, with strong rail and car links to London, Birmingham, Nottingham, Sheffield, and more. It makes it an easily commutable and accessible town, also proving to have appeal for international businesses.
Derby rail station is one of the best ways in and out of the city. Nestled in the city centre, it has step free access, making it easily accessible. Plenty of people come from surrounding areas to work, or base themselves in Derby and work further afield.
Train Times from Derby:
Derby has been marked as a “productive city”, meaning that there is no productivity gap. What this means in practice is that economic output has, in recent years, been more in Derby than the rest of the east Midlands. Between 2011 and 2015, Derby’s annual GVA growth was 4.0%; this is in comparison with the average of 3.2% across the rest of the East Midlands. The UK average was 3.3%. Average output per worker was 16% above the national average in the same period.
Derby is home to a number of international corporate giants who have headquarters in the city, including motor companies such as Rolls-Royce Group, Toyota Motor Corporation, and Motorpoint. Other large companies such as Refresco Drinks, Vaillant Group UK, Bombardier Transportation, and Miller Homes Group, have all made their bases in the city as well. These companies bring thousands of workers to the city, with many of them choosing to live in Derby for ease of commuting.
It is these companies which help drive this quiet city’s level of economic output and efficiency. Derby is home to a disproportionate amount of advanced manufacturing and engineering companies, including aerospace, car, rail production companies which account for 14,700 jobs, which amounts to an incredible 12% of total employment in the city. The financial benefits speak for themselves; Rolls-Royce alone contributes £12.2 billion annually to the UK economy.
These companies hire a lot of high level of skilled workers, particularly in manufacturing. Wages with this sector are often high, with secure jobs, making it an attractive job market for investors. As these companies’ production and output expands, more staff will be required, bringing even more people to the city.
Derbyshire brings £15.4 billion of economic output to the UK’s economy
137,000 workers based in Derby
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