Located in Derby City Centre – one of The Telegraph’s “Brexit-proof” property hotspots – these fantastic 1-&-2-bed tenanted apartments provide an incredible opportunity for any investor looking to make a great income from day one.
Located on the doorstep of the Westfield Derby Shopping Centre and minutes from the FriarGate – home to many outstand bars and restaurants – the development is popular with young professionals. All apartments are currently tenanted, you’ll income from day one in a city boasting the 2nd fastest growing economy in the UK.
Each contemporary unit comes with a furniture pack and a CRL warranty. Providing an open plan living space with oversized windows (where possible), the apartments offer a modern, sleek interior, including hardwood veneer flooring in the living areas and stainless-steel sockets throughout.
Assetz has secured these properties at a huge discount from previous sold prices, currently starting at £79,996. Offering NET Yields up to 8.2%, this deal is one that shouldn’t be missed.
Derby was recently named one of the BBC’s ‘Top 10 highest paid towns and cities in the UK’ and, on a wider level, was included on Insider Media’s ‘Top 25 European Cities Overall’ list, placing alongside juggernauts such as London, Paris and Berlin.
Known as the UK’s Capital for Innovation, Derby is home to global brands such as Rolls Royce, Toyota and Bombardier. Its thriving economy has attracted £3bn worth of investment over the past ten years, leading to a 23% growth in GVA. 11.8% of its workforce is within hi-tech functions, which is four times the national UK average.
Derby’s population is expected to grow by 9.45% by 2028, with 21,300 new jobs being created and 2000 new city centre homes in the pipeline. The University of Derby is ranked the UK’s second most recommended modern university in the International Student Barometer 2016, and its International Student Centre is ranked fifth across the world. Home to over 26,000 students, the city delivers a thriving social and cultural scene to this buoyant, youthful population.
For commuters, Derby offers unrivalled transport links. Only 89 minutes from London St Pancreas by train and 20 minutes from East Midlands Airport, it provides quick links for those wishing to travel further afield and has easy access to the nearby motorway for shorter journeys.
Risk Warning and Disclaimer:
The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.