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Overview of Derby’s Affordable Housing Market
When it comes to affordable housing markets then Derby is a bit of a hidden gem. You might not get this location name sculpted all over Best Buy to Let Cities.
But property experts like us know the importance of this location. Derby has a unique blend of affordability and growth potential. It is no wonder more and more investors are diving into this market to secure relevant properties.
Your aim can be to earn passive income or have portfolio diversification. Derby’s housing market offers a lot worth considering.
There is one common question I get regularly from first-time investors. That is how cheap houses for sale in and around Derby meet high standards of quality and location.
To this query I would simply say that not every cheap home is a jackpot. But you would be amazed at how many options open up if you have some patience and a local network to guide you. Easily search slide properties for investment opportunities that align with your financial goals and preferences.
Starting from quaint terraces in popular village to spacious homes in up-and-coming neighbourhoods. There is a wide variety of properties that can serve your different investment goals. Don’t get overwhelmed by too many pins on the map; our expert guidance helps you focus on the best investment spots in Derby.
Top 5 Affortable Properties For Sale In Derby
The Mill
The Mill is situated in the centre of the amazing Derby city centre. It is a distinguished Victorian Mill transformed into 70 exclusive one and two-bedroom apartments. The site reflects the area’s historical significance in manufacturing.
The Mill is popularly known as Osmaston Works.
All houses at Osmaston Mill have been thoughtfully designed. Its main focus is to accommodate the many different aspects of everyday life. You can opt for this off plan property with the aim of working at home plus relaxing and entertaining.
These homes provide you with the space and freedom to make your own mark on this historic masterpiece.
£646 pcm
250 Years
OFF-Plan
Q4 2025
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.
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Graduation House
The Graduation House is located around 15 miles away from Derby. This off-plan property will consist of 162 carefully designed and fully furnished student living quarters. It sits within our newly created neighbourhood of luxury apartments and stylish homes.
Graduation House offers high-yielding investment opportunities within the growing PBSA market.
It also includes certain amenities. Such as a reception area, bike storage, high-speed Wifi, a state-of-the-art fitness facility, a laundry room, communal study rooms, and a breakout games room with pool tables, air hockey, and table tennis, with smart TVs in each room.
£737 pcm
999 Years
OFF-Plan
Q4 2025
Project Highlights
- Comprises 162 fully furnished apartments.
- Thoughtfully designed student apartments equipped with amenities tailored to student needs.
- Include comprehensive amenities
- 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
Tudor House
This property holds a selection of luxurious apartments situated just 15 miles away from Derby. Tudor House comprises 20 meticulously designed units. Plus it offers an exceptional living experience and a perfect opportunity for investors and homeowners alike.
£650 pcm
6%
10%
Ready-Now
Project Highlights
- Comprises 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.
Crown Works
Located within 12 miles from Derby the Crown Works also offers you the benefits of short-term let.
The property offers 74 meticulously designed units. The aim of this project is to provide exceptional living experience and a perfect opportunity for investors.
Crown Works is a combination of good fortune plus business dynamism and an emerging communications infrastructure. This perfect blend helped it develop into the premier brewing centre of the Victorian age.
£800 pcm
35%
999 Years
Off-Plan
Project Highlights
- Crown Works features 74 meticulously designed units.
- The average nightly rate here is,
- For one-bedroom = £80
- For two-bedrooms = £103
- 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.
LongRow
This development is located within 15 miles of Derby. It is close to hyped bars along with delectable restaurants and captivating tourist attractions.
It is described as an ideal location for investors. This is because the central location is convenient for both local amenities and attractions in the city centre.
Especially those who want solid residential long-term income. Long Row is a perfect choice for those interested in earning higher yields through short-term lets.
£1,000 pcm
Q3 2024
250 Years
Off-Plan
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.
Other Properties On Sale In The UK
Berkeley Square
Berkeley Square in Manchester is designed to offer convenient city living with a beautiful waterfront setting. This development focuses on creating a modern residential experience within one of the UK’s most dynamic cities, Manchester. It caters to both investors and residents looking for high-quality, urban housing options with potential returns on investment.
£1,065 pcm
25%
Q2 - Q4 2026
£5,000 pcm
Project Highlights
- Prime waterfront location 80 miles from Derby. providing easy access to city amenities.
- Competitive with pricing aimed at a broad range of investors.
- Promises attractive yield rates, making it a valuable option for property investors.
- Initial reservation fee set at £5,000, with special discounts on select two and three-bedroom units.
- Options available for both cash and mortgage purchases, with tailored income projections for passive income seekers.
City Gate
City Gate is a distinctive development that combines modern residential amenities with historic charm. This project is tailored for investors and residents who value a blend of contemporary living within a culturally rich environment.
The property is located around 86 miles away from Derby. Positioned as a desirable option for short-term rentals, it presents both a comfortable living solution and a lucrative investment opportunity.
£3,253 pcm
20%
250 years
£5,000
Project Highlights
- The property is seamlessly integrating modern living.
- Attractive yields, especially suited for short-term lets, maximizing rental income.
- City Gate is a collection of 62 apartments across five storeys with a blend of dark brick, light brick, and hardwood cladding.
- Balconies and tall windows ensure ample natural light.
- Includes a 5-star lobby, concierge service, private gardens, and secure parking.
- High-standard living spaces and bedrooms.
- Bathrooms feature Italian tiles and top-range sanitaryware.
- Select fourth-floor apartments that have terraces.
- Premium gym with cardio and strength equipment.
Guildhall Gardens
Guildhall Gardens is a new development situated in the bustling Preston Market area, contributing to the city’s ongoing urban growth. This project offers a modern residential option tailored to meet the rising demand for quality housing. It is ideal for investors aiming for returns in a dynamic market.
£766 pcm
20%
Q3 2023
£2,500
Project Highlights
- Located in the trendy market area Guildhall Gardens is 101 miles away from Derby.
- Offers appealing yields, with structured returns for investors.
- Designed to attract a wide range of investors with accessible entry points.
- The high-quality residential conversion is in the affluent Winckley Square Conservation area in the PR1 postcode district.
- The site will provide 32 1-bedroom apartments, and 3 2-bedroom apartments in the heart of the city centre and will help combat the ever-increasing tenant demand in the city.
- Guildhall Gardens will address the current shortfall of available rental properties in Preston and offer an extremely prosperous investment opportunity.
The Merchant
The Merchant represents a new standard for residential accommodation in the heart of Hull’s city center. This development is focused on providing high-quality and modern living spaces to meet the growing demand for urban housing.
This exclusive development is located around 96 miles away from Derby. It serves as a lucrative opportunity for investors interested in property market.
£766 pcm
25%
Q3 2024
£5,000
Project Highlights
- Centrally located the property is ideal for urban living and accessibility to city amenities.
- Designed to offer competitive yields, making it appealing for rental-focused investors.
- Accessible pricing structure aimed at a diverse range of investors.
- The Merchant comprises 29 one- and two-bedroom apartments. This property conversion is an eye-catching addition to Hull and raises the bar for accommodation in the city.
- Residents are just minutes away from essential services and attractions including the riverfront, shopping centres, bars, restaurants, and cafes.
- The area is rich in cultural sites, with easy access to the Maritime Museum, the Deep Aquarium, and the Ferens Art Gallery.
- Hull Station is a five-minute walk from The Merchant, offering: Convenient rail connections to the rest of the UK
Top 3 Places to Invest in Derby
With our homefinder service and guidance, we can help you tailor your personalised wish list using filters such as price, location radius, and property type to achieve results that meet your investment goals. This approach ensures that you are always on the same page with your vision for the perfect investment.
Normanton
According to Zoopla the average property price of £161,020. Normanton is ideal for investors seeking affordable options with strong rental yields. Normanton is well regarded for its terraced houses and smaller properties.
It offers solid value for money. This area is ideal for those looking to keep costs down while still achieving good returns. Normanton provides a budget friendly option that reliably meets expectations.
Alvaston
Here the average house price investors need to pay is £187,979. Alvaston provides spacious homes with solid transport links. This makes it a popular choice close to Derby city centre.
Tenants appreciate the comfort and convenience this area offers. Along with this there is easy access to city life without the busy atmosphere. For investors Alvaston combines affordability with strong rental appeal. It offers a balanced and accessible option.
Spondon
This area mainly holds a suburban vibe and larger properties. Spondon is known for its village-like charm and homes that often come with larger plots of land.
This makes it a strong option for long term investment and portfolio diversification. It also offers a blend of community atmosphere with steady growth potential.
As per Zoopla the average property price here is £225,166. This beautiful blend gives it a distinct edge. Especially for those looking to hold properties for the long haul.
Why Invest in Affordable Houses in Derby
For investors seeking the perfect opportunity, Derbyshire offers an ideal blend of apartment, house, flat development options, ranging from new homes with spacious bedrooms to opportunities for bungalows in areas like Allestree and Chellaston. Prominent locations such as Burton Road and Darley Park provide stunning views and high potential for lettings.
Competitive Property Prices in Derby
Derby’s property market offers a rare blend of affordability and long-term potential. Compared to many other UK cities Derby has maintained competitive property prices. Derby offers a range of spacious family homes, ideal for long-term living or rental opportunities.
Prime land plots in Derby provide excellent options for custom-built investments or future development.
This makes it a top choice for those looking to build a solid portfolio. That too without sky-high upfront costs. Derby offers an excellent range of properties, including spacious family home, perfect for long-term living or rental opportunities.
Our team has been analysing Derby’s property trends closely. And what we see is a market that holds a real understanding of value. For those searching for affordable houses for sale in Derby there is a good range of options.
According to recent data from ONS the average property price in Derby is around £209,000. This means there is an increase of about 2.2% from the last year.
Here’s a snapshot of average prices for each property type as of August 2024
- Detached homes: £312,000
- Semi-detached homes: £206,000
- Terraced houses: £168,000
- Flats and maisonettes: £124,000
Source: ONS
I believe one of the great things about investing here is Derby’s steady market. Unlike more volatile areas Derby’s property values tend to appreciate gradually.
This slow-and-steady rise can be ideal for those interested in long-term capital gains. And there is a plenty of homes land bedrooms studio options to choose from.
So there is always a chance to find properties that align with both passive income goals and portfolio expansion.
Another bonus for investors is that Derby’s branch network and local extensive contacts can make the process smoother. Our dedicated home finder service ensures you don’t miss out on Derby’s most promising properties for your investment.
You need to have the right local knowledge and support. So that you can navigate the search for the perfect property more efficiently. That is why we have created a tool to help you visualise your earnings over time.
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High Demand for Rental Properties in Derby
Derby’s rental market is growing. It is driven by high demand for centrally located and modern homes. Two-bedroom flats and stylish one-bedroom apartments in new developments are especially popular.
Places like the Nightingale Quarter offer modern amenities and convenient access. There is proximity to dining plus shopping and leisure spots. These properties typically have high occupancy rates and attract steady interest from prospective renters.
In recent data from September 2024 the average monthly rent in Derby has increased to £771. This purely means there is a jump of 10.2% from the previous year.
This increase is part of a broader trend across the East Midlands. In this region the average rents have grown from £772 to £840. With demand high across all types of properties, Derby’s rental market stands as an appealing choice for investors seeking to build steady passive income.
Modern studio apartments in central Derby are perfect for young professionals and short-term rentals. Choose from properties with various bedroom configurations to suit diverse tenant needs and family sizes. Choose from properties with various bedroom configurations to suit diverse tenant needs and family sizes.
Source: ONS
Analysis: Rental rates for flats and maisonettes in Derby increased by 10.4%, while detached homes saw a 9.7% rise.
Smaller, one-bedroom units saw an even greater surge in demand, with average rents rising by 10.8%. Even larger properties, those with four or more bedrooms, experienced a healthy 8.3% increase in rental rates.
Source: ONS
Here’s a look at average monthly rents in Derby by bedroom count as of September 2024:
- One bedroom: £540
- Two bedrooms: £693
- Three bedrooms: £837
- Four or more bedrooms: £1,185
Breaking it down by property type, average rents were as follows:
- Flats and maisonettes: £635
- Terraced properties: £754
- Semi-detached properties: £818
- Detached properties: £979
Recent reports show that Derby’s appeal extends beyond just affordable rental rates. The city is also well-connected with strong transport links. Especially to nearby urban centers.
This connectivity makes Derby attractive to commuters. That too seeks both affordability and easy access to surrounding areas. Many professionals choose to live in Derby for its lower housing costs while enjoying convenient access to larger cities. With a user-friendly enquiry close slide, you can quickly secure your interest in Derby’s most promising properties.
Ongoing Regeneration Projects
Explore properties with development potential, including land acquisitions, to refine your strategy with a clear number of options that align with your ideal investment goals. Let us help you bring your vision image to life with curated promotions and expert insights tailored to Derbyshire.
| Project Name | Main Feature of the Project | Project Description |
|---|---|---|
| Becketwell Regeneration | New performance venue with a 3,500-capacity | This £200 million project includes a state-of-the-art performance venue on Becket Street, expected to host 200+ events annually and attract 250,000 visitors each year. |
| Market Hall Transformation | Modern retail and leisure hub within a historic building | The historic Market Hall is being redeveloped to combine its classic architecture with modern amenities. |
| Castleward Urban Village | Creation of a vibrant residential neighbourhood with over 800 new homes | Situated between Derby city centre and the railway station, this project promotes city living in line with Derby’s Local Plan. |
| South Derby Growth Zone | Large-scale residential and employment development including up to 4,500 new homes and 5,000 jobs | Comprising Infinity Park Derby and Infinity Garden Village, this project aims to boost connectivity with a new junction and link road at the A50. It is approved by Derby City Council in February 2023. |
| Derby City Centre Masterplan 2030 | Comprehensive urban environment for residential, retail, and leisure spaces | The 2030 Masterplan envisions a sustainable, mixed-use city centre to attract businesses and offer varied housing options. |
Conclusion
Derby’s housing market is ideal for anyone looking to secure affordable properties. That too with a solid blend of rental demand and potential for capital appreciation.
Derby offers a variety of property options. This initiates with classic terraced houses and spacious semi-detached homes to modern apartments. The area caters to a range of investment preferences. The city’s appeal lies in its competitive pricing and steady growth.
We feel the vibrant community atmosphere this city holds adds multi steps to its beauty. Plus the more relevant properties found here make the place a highly sought after area. These features make it an attractive choice for those looking to build a sustainable property portfolio with long-term potential.
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