Derby overview
Derby is located at the centre of the UK and it has everything you could want in a modern city. A vibrant culture, stunning countryside surroundings, world-class job opportunities, outstanding connectivity to the rest of the country and a full range of cultural and leisure opportunities. The city is a national leader in high-tech jobs has invested £3.8bn into its economy over the last decade. A further £1.6bn of investment is in the pipeline to continue Derby’s transformation into the perfect 21 st century destination. This is a confident, ambitious city which is taking a unique opportunity to step forward and become a destination for young professionals looking for high quality employment and a place to call home.
This presents property investors with a real opportunity. The city does not have enough housing as it is and the City Council estimates that the city centre will soon be home to 5,000 more people. In the next 20 years, Derby Observatory projects the city’s population to grow by 14,000. This will push up rents and house prices in turn as competition for homes grows annually. Research commissioned by Marketing Derbyshire shows that property prices in Derby will be 20.53% higher by 2028 and rents will go up 12% by the end of 2026. That follows city centre rents doubling in the city centre since 2020 according to Savills.
Derby is home to some of the largest industrial employers in the country, with major blue chip companies calling the picturesque City home. Major employers include; Toyota Manufacturing, Bombardier, Rolls-Royce, Bloor Homes, Bowmer & Kirkland, Motorpoint & Miller Homes. Thanks to such strong employment prospects, the City boasts the 2nd highest Graduate salary in the UK outside of London & therefore brings a fantastic pool of potential tenants to the doorstep of Whittle House. The Development is designed with a professional tenant in-mind given the amenities and proximity to the City Centre, the main shopping district and the Central Train Station. Derby is over half-way through its regeneration journey with over £4bn of private and public investment to improve the region & a further £2bn still to be invested - it is a perfect time for investors to enter the buy-to-let space with confidence. The area is set to see further huge regeneration efforts over the next few years which will be central to the wider, long-term transformation of Derby and the East Midlands.
