Prosperity Wealth

Cathedral House

Derby city centre

Overview

With it’s prominent frontage onto Derby’s acclaimed Cathedral Quarter, Cathedral House forms part of Prosperity’s conversion portfolio. The conversion comprises of 8 superb one and two bedroom luxury apartments.

The development lies in the heart of Derby city centre close to a range of first-class amenities including the hugely popular intu shopping centre, the more traditional market square and sophisticated cobbled streets of Friar Gate and Iron Gate within the vibrant Cathedral Quarter. This area occupies an eclectic mix of cafes, coffee shops and independent boutiques.

Key points

  • Property type:
    PDR conversion
  • Location:
    Derby city centre
  • Units available:
    8x one & two bed apartments
  • Guide price:
    £109,995 - £139,995
  • Predicted yield:
    6.7%

Status: Build underway

Estimated completion: Q2 2021

Find out more info about the development

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It's all about the location

Derby – a compact city, home to over 250,000 people, rated 6th in the UK for premium retail opportunities by Property Week and proud holder of the 2016 Great British High Street best city award. On the doorstep are a range of the city’s finest amenities including shops, bars, restaurants, sports and leisure facilities.

Location 01

Location

Birthplace of the Industrial Revolution and a UNESCO World Heritage site, 2.1 million people live within 45 minutes of Derby, with 6 million living within 1 hour.

02

Economy

Derby has seen 23% growth in GVA within the last 5 years and since 2009 a 25% increase in productivity.

Economy
Regeneration 03

Regeneration

A 2005 masterplan resulted in much of the city's regeneration - intu Derby £340m retail scheme and a £100m urban village in Castleward.

04

Business

Global headquarters to Rolls-Royce with the world's largest cluster of rail companies including Bombardier, Derby is one of the Top 10 cities to start or grow a business.

Business
Connectivity 05

Connectivity

At the heart of the Uk's road network and close to East Midlands airport. Direct rail services take 89 minutes to get from Derby to London St Pancras.

06

Education

The University of Derby is a thriving institution with 96.7% of its graduates either in employment or further study 6 months after leaving.

Education
Population 07

Population

The population is expected to grow by 9.45% by 2028, with 21,300 extra jobs being created.

08

Lifestyle

Pro-cycling city, with state-of-the-art velodrome at Derby Arena. Whilst the Peak District offers walking, climbing and potholing amongst many activities.

Lifestyle

The property & investment

Prosperity’s trademark design delivers style and contemporary elegance to every development. All homes will feature an open plan living area, stylish custom fitted kitchen with integrated appliances and a contemporary white bathroom suite.

Each apartment has been intelligently planned to create the best accommodation flow possible in which to socialise and relax and an individual specification selected to maximise the appearance and long-term enjoyment of each newly created home.

Payment plans

Monthly & Mortgage Plan

1 Bedroom Apartment

Purchase Price: £109,995.00
Reservation Deposit: £10,999.50 plus £850 legal fee
Monthly Payment Stage: 24 x £1,145.78

Balance by way of cash or arrnged mortgage.
This option is perfectly suited to clients without a large lump sum. Payments can be made across the 24 month build term – keeping payments low.

Payment plan provided is correct at the time of development launch.

Estimated gross rental income £600 per month / £7,200 per year
Estimated gross rental yield 6.55%

Monthly & Mortgage Plan

2 Bedroom Apartment

Purchase Price: £124,995.00
Reservation Deposit: £12,499.50 plus £850 legal fee
Monthly Payment Stage: 24 x £1,302.03

Balance by way of cash or arrnged mortgage.
This option is perfectly suited to clients without a large lump sum. Payments can be made across the 24 month build term – keeping payments low.

Payment plan provided is correct at the time of development launch.

 

Estimated gross rental income £700 per month / £8,400 per year
Estimated gross rental yield 6.72%

The latest Development updates

Plaster work completed

Mist coat applied

Panelling restoration underway

Cathedral House Site Update

  • Work underway on site in accordance with the government’s health and safety guidelines for COVID-19
  • Drainage work complete
  • All apartments plastered
  • Mist coat applied to all units
  • Joinery works underway
  • Panelling and staircase restoration progressing