Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1
Agent: CityRise - Leeds Phone: 0113 427 8336
A well-proportioned one-bedroom apartment inside Riverside Apartments, a contemporary development on the banks of the River Derwent in Derby's Cathedral Quarter. Open-plan living, a fitted kitchen and a good-sized double bedroom make this an easy unit to let and keep let. Residents share a genuinely useful set of amenities: an on-site co-working space, a private cinema room and a secure bike store. The location does much of the work. Derbion, the Cathedral Quarter's bars and restaurants, and Derby Midland station all sit within a short walk, which is what one-bed tenants here pay for.<br/><br/>INVESTMENT<br/><br/>Derby is one of the East Midlands' most dependable buy-to-let markets, and the DE1 outcode sits at its centre. Prices here stay well below the England average, so the entry point is low while rents climb against a stubborn supply and demand gap. Around 20,000 households across Derbyshire are on housing waiting lists, and central stock lets quickly. Employment underpins the demand: Rolls-Royce employs roughly 12,000 people in the city, anchoring a deep advanced-manufacturing and rail-engineering base, while the University of Derby feeds a steady flow of graduate renters into the centre. Regeneration is reshaping DE1 too, led by the £200m Becketwell scheme and its Vaillant Live arena and the £100m Castleward Urban Village.<br/><br/>WHY INVEST<br/><br/>£178,950 guide price, at the keen end of the range for comparable city-centre one-beds. Projected rent of £825 pcm returns a gross yield of 5.5%, ahead of the Derby apartment average of roughly 4.5–5%. More than £300m of regeneration is landing nearby, demand runs at around 20 renters per unit, and JLL forecasts UK rents up 17% by 2029. Chain free. Early enquiries advised.<br/><br/>All figures are illustrative and based on comparable local market data. Rental income and yields are projections and not guaranteed.<br/><br/>
