A wide range of first-class amenities can be found within walking distance, including the popular Westfield Shopping Centre, attracting hundreds of thousands of visitors from across the country. The more traditional market square and sophisticated cobbled streets of Friar Gate are also just a few minutes’ walk, where further attractions include the city’s vibrant Cathedral Quarter.
As the UK’s most central city, Derby’s strategic location has earned it a place in the ‘Top 25 European Cities Overall’, alongside major cities such as London (1st) Berlin (8th) and Paris (16th.)
Significant regeneration, close proximity to Nottingham (12 miles), and thriving social and cultural scenes make it a key contender for University students, city commuters as well as young families, all migrating to a region offering a wealth of cultural events, excellent shopping and dining variety as well as highly regarded secondary and grammar schools.
- Property type: Stylish residential conversion
- Location: Derby
- Units available: 147 – mix of one and two bedroom
- Guide price: Guide prices at point of sale
- Predicted yield: 8%
Development status: Planning granted
Estimated completion date: Phase 1 March 2017 / Phase 2 June 2017
Two bedroom apartment with parking – £118,996
Reserve your property with £3569, plus £500 legal fees
There are now only 24 payments of £1488 to be paid
This creates a 30% deposit with a 70% mortgage arranged on completion
The mortgage is then covered by rental income from completion
You own an income producing asset for life.
Estimated gross rental income £600 per month
Estimated gross rental yield 7%
Prosperity House Site Update
- Phase 1 now complete with tenants occupying units
- Phase 2 construction underway
- New windows 75% installed
- First fix electrics complete
Launch Party Phase 1
Yesterday the mayor formally opened Prosperity House, Derby.
Show Apartment is now ready at Prosperity House
Here are some photos recently taken at the show apartment in Derby.
News from yesterday's site visit
Floors 1/2/3 are now boarded out and the individual unit partitions are up
Acoustic floors have commenced on 1st floor and the screed will go down this week. 2nd and 3rd floors will follow.
New ceilings are to be installed this week on the 1st floor
Over the next 4 weeks, works as per 1st floor will move upward across all levels.
Strip out now complete on all floors
First floor fit out to commence 6th June
Roof installation to commence July, followed by window installation