Table of Contents
City Centre
As per Rightmove the average property price of Derby City centre is £153,517.
Derby City Centre offers an affordable entry point for investors. This fits perfectly for those who are looking to tap into a market for consistent rental demand.
This area blends historic charm with modern amenities. It features cobbled streets plus period architecture and new residential developments. I and all the property experts at Flambard Williams take hundreds of calls with investors daily.
During our conversation with investors we dig down various hidden factors of investment. Similarly we noticed that City Centre properties tend to appeal to young professionals and those seeking convenient access to transport links.
There is an amazing mix of independent shops with restaurants and cultural spots. This affordability combined with a recent push in regeneration projects makes City Centre an ideal option. Particularly for investors looking to balance rental yield with long-term appreciation.
The Mill
Derby City Centre holds a luxurious property that comprises 70 exclusive one and two-bedroom apartments.
Professionals, students, and families who want to live in style in the city will like this building. It is a distinguished Victorian Mill transformed into an immersive property.
This property area hosts companies like Rolls-Royce, Bombardier and Toyota. And these global companies contribute over 45,000 jobs to Derby’s wider economy.
Project Highlights
- The site reflects the area’s historical significance in manufacturing.
- Thoughtfully designed to accommodate the many different aspects of everyday life
- Offers owners all the heritage and individualistic design features of a traditional building
- Contains the convenience and connectivity of a modern fitted home.
Click Here to Find the Complete Project Overview
Initiate a powerful sequence of your property growth and reinvestment.
Initiate a powerful sequence of your property growth and reinvestment.
Unleash how successful investors build wealth, reduce financial stress, and achieve financial freedom.
Mickleover (3.6 miles)
In Mickleover the average property price stands at £281,860. This reflects its appeal as a well-established residential area. The area is known for its peaceful ambience and a strong sense of community. The area is just 3.6 miles away from Derby
Mickleover offers an attractive option for those wanting suburban comfort with easy access to Derby City Centre. The item that I believe is increasing the rental demand here is picturesque scenery with green spaces and local amenities.
The area is also having close proximity to the Royal Derby Hospital. This demand ensures rental stability. Also it makes Mickleover a solid choice for investors seeking a balance of suburban charm and steady returns.
Duffield (5 miles)
Duffield comes with an average property price of £527,957. It is one of the more premium areas around Derby. This village north of Derby is known for three items.
First is the stunning Georgian architecture then green spaces. And finally its close proximity to the Peak District National Park. Duffield’s higher property prices reflect its appeal to tenants looking for a mix of historical charm and natural beauty.
The region is 5 miles away from Derby. The village has independent shops plus great schools and the scenic River Derwent. These features make it a unique investment opportunity.
Darley Abbey (1.5 miles)
Properties in Darley Abbey have an average price of £308,661. It offers an appealing blend of historical significance and suburban peace.
Darley Abbey’s heritage draws tenants who appreciate the area’s rich history and a strong sense of community. This heritage includes the UNESCO-listed Darley Abbey Mills and period homes. It stays within 1.5 miles of Derby.
The area is having close proximity to Darley Park. Darley Abbey is preferred by those seeking a mix of natural beauty and easy accessibility. This area’s unique character and consistent demand make it a valuable addition to any property portfolio.
Allestree (3 miles away from Derby)
Allestree’s average property price is £378,003. This reflects its status as a desirable and well-connected suburb. Allestree Park is Derby’s largest park. This area offers an abundance of green spaces with a serene lake and outdoor activities.
I feel the demand for properties here depends on the nature of the tenants. Allestree is mainly popular among nature enthusiasts and those wanting a suburban feel with good access to Derby City Centre.
The mix of traditional homes and newer properties ensures a steady tenant base. Well-regarded schools and convenient transport links add to its investment appeal. This is because schools will be beneficial for tenants who have children. And this increases the chances of rental demand in this area.
Belper (8.3 miles)
Belper presents a more affordable investment option while still offering unique character and community spirit.
As per Rightmove the average property price here is £268,391. The area is located around 8.3 miles west of Derby. Belper is known for its cobbled streets plus period architecture and arts scene.
Its history as a textile town and the surrounding scenic views attract tenants. It gives tenants pressure to enjoy a small-town feel with modern amenities.
Ashbourne (13.6 miles)
Ashbourne reflects its appeal as a quaint town with a rural scenic backdrop. It is known as the gateway to the Peak District. Ashbourne’s unique architecture and close proximity to stunning countryside make it popular among nature lovers.
With recent reports we noticed that the average property price here stands at £274,657. This area attracts tenants looking for both historical charm and outdoor recreation.
There is a consistent demand coming from those seeking a quieter lifestyle. Ashbourne offers property investors a combination of scenic appeal and long-term growth potential.
Chellaston (4.8 miles)
With an average property price of £289,439 Chellaston offers a strong blend of various elements. This includes convenience with good schools and easy access to Derby City Centre.
This region is located 4.8 miles south of Derby. Chellaston attracts renters who appreciate a quieter environment without sacrificing connectivity. Its range of period homes and newer developments ensures a reliable tenant base.
This makes it a strong contender for property investment. For investors Chellaston’s balance of suburban charm and steady demand presents a promising long-term opportunity.
Spondon (129 miles)
Spondon properties have an average price of £230,588. Spondon appeals to tenants looking for a blend of traditional living and modern convenience. The area offers a mix of traditional homes and newer properties.
It is known for its village-like charm and close-knit community. The area provides easy access to local shops and healthcare facilities. I feel if you want to experience calmness then Spondon (just 129 miles away from Derby) is best for investment.
Spondon’s affordability and steady rental demand make it an appealing choice for investors. That too interested in a balance of community spirit and connectivity to the City Centre.
Littleover (3.1 miles)
Littleover’s average property price of £252,155. It reflects its popularity as a suburb with diverse property options and a well-connected location.
Littleover is a popular suburb to the 3.1 miles south of Derby. Like the other suburb we discussed above this area is also known for its well regarded schools and peaceful residential streets.
It too has a mix of period and modern homes. For investors Littleover’s steady demand and variety of housing options offer both stability and growth. This transforms Derby into a value-adding source to any Derby investment portfolio.
We understand that selecting the right location to invest in can be a hell of a task. Therefore our team of property experts has listed here a few properties. These are listed with their project highlights. This will help you to understand the properties in a better way.
Investment Properties Around Derby
Graduation House (15 miles)
The Graduation House is a newly developed luxury apartment complex. It is strategically positioned to cater to the growing PASA market. Here the prices start at £99,995.
It provides an appealing and high-yield investment opportunity. It is an area renowned for its academic excellence and proximity to various transportation facilities.
Project Highlights
- Comprises of 162 fully furnished apartments.
- Thoughtfully designed student apartments equipped with amenities tailored to student needs.
- Include comprehensive amenities
- a reception area
- bike storage
- high-speed Wi-Fi
- Fitness centre
- Laundry room
- Communal study spaces
- A games room complete with pool tables
- Air hockey
- Table tennis
- Smart TVs in each room
- Prime Location and Connectivity
Click Here to Find the Complete Project Overview
Crown Works (12 miles)
Crown Works is a refined collection of luxury apartments located just 12 miles from Derby. It offers a unique blend of modern living within a historically rich setting.
Designed with individualism in mind Crown Works allows residents to embrace a lifestyle. This nearby area holds a legacy as a major brewing centre from the Victorian era. It offers enriching the neighbourhood’s character and charm.
Project Highlights
- Crown Works features 74 meticulously designed units.
- It offers a high-end lifestyle suited for both investors looking for something special close to Derby.
- Each apartment has been crafted to support diverse aspects like-
- Working from home
- Relaxing
- Hosting Gathering
- This property is steeped in heritage with Victorian-era breweries and Georgian architecture
- It feels like one of a kind to deliver a culturally rich living environment.
Click Here to Find the Complete Project Overview
Long Row (15 miles)
The Long Row project is positioned as a premium real estate investment opportunity. It is aimed at investors seeking consistent and long-term rental income.
The project is located in a prime urban setting. And it offers a well-balanced combination of accessibility with modern living amenities and potential for value growth. This is appealing to both seasoned investors and new entrants into the property market.
Project Highlights
- Providing strong appeal to tenants and investors.
- Structured for attractive yields, with potential for steady income flow.
- The lease term is typically around 250 years. It ensures long-term investment security.
- Designed to maximise occupancy rates and tenant satisfaction.
Click Here to Find the Complete Project Overview
Tudor House
Tudor House is structured as an attractive investment opportunity. It offers investors options designed to cater to their steady rental income and long-term asset growth.
The property appeals to both local and international investors. All thanks to the site’s robust rental demand and solid economic fundamentals.
Project Highlights
- Comprises of 20 meticulously designed units.
- Only a 10% deposit is required, making it a more accessible entry point for investors.
- An 18-month payment plan is available, enhancing financial flexibility.
- Offers an exceptional living experience
- Provides a perfect opportunity for investors and homeowners alike.
Click Here to Find the Complete Project Overview
Reasons to Invest in Derby
Strong Rental Demand
Investing in Derby brings a surprising edge in terms of rental demand. And after observing this growth for a few years now I feel it is all due to three major elements.
That is Derby’s vibrant community plus historical charm and attractive lifestyle options. During our observation we noticed that the city draws in a diverse range of tenants.
Young professionals with university students and even those who commute to nearby cities. All of these tenants find Derby appealing. Especially because of its affordable entry prices and quality of life.
Rental demand in areas like Derby City Centre holds a mix of cobbled streets and unique charm. It has easy access to local shops and good transport links. This maintains the rental consistency.
As this helps in reducing the vacancy rates and brings a steady flow of rental income. For a property investor this stability in tenant demand can make a huge difference. Especially if you are aiming for dependable passive income.
House Prices in Derby
The average house price analysed by the ONS in Derby was £209,000. Compared to August 2023 reports indicate that prices have risen. The price rose by 2.2% in 2024.
Source: Office for National Statistics
This increase represents the steady rise seen across the East Midlands. It showed rising appeal for Derby among investors looking for both affordability and appreciation.
Derby presents an attractive proposition for investors. Particularly those who are keen on building a property portfolio without overstretching. Areas such as Allestree and Darley Abbey are particularly appealing.
Derby’s housing market provides a variety of options. The city provides a range of choices for investors. Whether they are after city-centre convenience or a charming suburb with long-term growth potential.
For more detail about House prices in Derby check out this page.
High Rental Yields
Derby’s rental market has shown impressive growth over the years. During the period of COVID-19 the city showed a bit of a setback.
This is because the tenants went back to their hometowns. But at the end of 2023 the rental demand again gained its momentum. Making Derby an attractive option for investors looking for high rental yields.
In September 2024 the average monthly private rent in Derby was £771. The rent was £700 in September 2023. This marks a 10.2% increase from last year.
Source: Office for National Statistics
Rental yields are particularly appealing across different types of properties.
Here is what we analysed.
For flats or maisonettes the average rents increased by 10.4%. Detached properties saw a 9.7% rise. Investors looking for more affordable one-bedroom properties will find the 10.8% increase in rental rates promising.
Those interested in larger four-or-more-bedroom properties get a solid 8.3% growth in rents.
Office for National Statistics mentioned these average rents for Derby properties as of September 2024.
- One bedroom: £540
- Two bedrooms: £693
- Three bedrooms: £837
- Four or more bedrooms: £1,185
Taking the data instead by property type, average rents were:
- Flats and maisonettes: £635
- Terraced properties: £754
- Semi-detached properties: £818
- Detached properties: £979
Regeneration Projects
I believe that the most compelling reason for investors to consider Derby is its commitment to regeneration projects. Derby City Centre has seen several significant improvements.
This can be in terms of investments in infrastructure plus green spaces and community spaces. Such developments are driving property values up here. And making the city more attractive to tenants.
Regeneration projects are improving Derby’s appeal immensely. They are laying the foundation for the future growth of the city. Investors who tap into these areas early often see rewarding returns.
| Project Name | Motive | Description | Investment Amount |
|---|---|---|---|
| Becketwell Regeneration | Revitalising the city centre | Redeveloping a derelict part of Derby city centre, including a 3,500-capacity performance venue and 259 apartments. | More than £200 million |
| Infinity Park Derby | Boosting economic growth | Creating a business park to attract new companies and create jobs. | Almost £20 million |
| SmartParc | Enhancing logistics and distribution | Developing a state-of-the-art logistics park to support the growth of the logistics sector. | £12 million |
| Market Hall Transformation | Modernising public spaces | Transforming the Market Hall to provide modern facilities and spaces for the community. | £35.1 million |
| Castle Ward Urban Village | Creating a vibrant community | Developing a mixed-use urban village with residential, commercial, and recreational spaces. | £1.5 million |
FAQ
You need to select the best place to live in Derby as per your investment goal. This year Derby City Centre comes with an affordable entry price of £153,517.
It offers vibrant city life and strong rental demand. Suburbs like Darley Abbey stands at £308,661 and Duffield is having £527,957. These areas feature period architecture and scenic walks.
These are ideal for tenants seeking a peaceful ambience. Mickleover comes with an average house price of £281,860. And Allestree holds a price of £378,003.
These combine community spirit with good schools and green spaces like Allestree Park. Each area offers unique charm and good transport links. It makes Derby’s diverse neighbourhoods attractive for property investors.
Yes I totally agree that Derby’s rental market is thriving. It comes with a recent increase in average monthly rent to £771. That means there is a 10.2% rise from last year.
Derby City Centre plus Darley Abbey and Mickleover cater to diverse tenants. Starting from young professionals to those seeking serene environments. It gets a consistent rate of rental yields.
Derby offers an attractive balance of income potential and long-term growth for rental property investors.
Derby’s mix of history plus vibrant community and green spaces make it a standout for investors. It is having proximity to the Peak District National Park and areas like Allestree Park.
Derby is perfect for those valuing picturesque scenery and outdoor activities. Neighbourhoods like Duffield and Darley Abbey feature traditional homes and period architecture, attracting tenants who appreciate cultural diversity and unique charm.
Derby’s affordable housing, good transport links, and community-focused lifestyle offer investors a compelling mix of rental yield potential and quality of life for tenants.
Conclusion
Investing in Derby offers a compelling mix of affordability with growth potential and vibrant community appeal. It holds up as an attractive choice for property investors.
Derby is becoming a leading investment destination with strong capital growth driven by its regeneration plan and the development of new cities creating new jobs. The city’s property market benefits from ongoing projects like the Cathedral Quarter, apartment conversions, and revamped shopping centres. The house price index reflects steady growth, supported by housing estates and new builds.
Data from the Land Registry highlights rising interest in property in Derby, making it an attractive option for investors. With increasing attention from cities like Leicester, Derby presents a prime opportunity for profitable investment. An investment guide will help investors navigate this expanding market.
You can opt for Derby City Centre or Darley Abbey. The lively urban scene with the serene lake and scenic walks is enough for mesmerising investors. Derby’s neighbourhoods offer unique charms for different types of residents.
With properties ranging from affordable flats in the city centre to period homes in Duffield or Darley Abbey. Derby caters to a variety of tenant preferences. Starting from young professionals to those seeking quiet and green spaces. In outdoor space of Derby City Center and its surrounding area. you can feel the vibes of vibrant suburb.
Derby offers an attractive buy-to-let investment opportunity with steady price growth and strong rental returns. The city’s population growth, driven by the student population and major employers like University Hospitals of Derby, boosts rental demand. With a thriving job market and historical roots from the industrial revolution, Derby remains a stable investment choice.
Developments like the Nightingale Quarter and initiatives from Derby City Council ensure future growth. The city’s affordable rental prices compared to national averages, along with the ongoing regeneration and strategic marketing, make Derby a prime location for investors seeking high-yield returns.
Among the best places to live in Derby, Derby’s City Centre stands out for its modern houses and urban convenience, while thriving suburb like Allestree offer a serene environment with beautiful green space, including the expansive Allestree Park, blending vibrant suburban life with natural tranquility.
Darley Abbey, nestled along the picturesque River Derwent, offers diverse housing options and access to Darley Park serene walking trails, while its proximity to healthcare facilities, the University of Derby, Duffield Road, Darley Street, and the vibrant community atmosphere of this charming market town makes it an ideal location for residents and investors alike.
Exclusive Property Launch Invitations
Customised Market Reports
Exclusive Access to Off-Market Properties
Networking Events
