Why Invest in a 1-Bed Apartment in Derby?
When it comes to finding a prime Buy-to-Let opportunity in Derby, a 1-bed apartment can be incredibly versatile. Appealing to both single occupants and couples, 1-bed apartments in city-centre locations are also extremely popular with graduates and young professionals.
For investors, a 1-bed apartment in Derby is an affordable entry point into the market that will likely drive consistent demand.
With a strong university base and 46% of graduates moving to Derby for work, the city is supporting an ambitious, young professional demographic that is likely to rent. With this demographic accounting for 48% of the city’s population under-35, 1-bed apartments are a key asset amongst wider investment opportunities in Derby.
Rental and Property Prices
1-bed apartments are typically a good choice for investors that want long-term, consistent rental returns. As an accessible and flexible asset, the potential for both high-performing rental yields and capital growth within these new apartments for sale in Derby is rising.
We’ve already seen property prices in Derby rise by £67,000 over the last 10 years but the next four years could see an additional 24% increase.
While Derby Buy-to-Lets will accumulate value during this period, investors can also expect up to 12% growth in the rental market, allowing for a bigger passive income.
It helps that Derby remains an affordable market despite this forecasted growth, a clear entry point into an emerging market and common answer to the question: why invest in Derby?
Derby Regeneration Driving Future Growth
Derby is a hub of opportunity, highlighted by its incredible manufacturing presence that can be traced back to the Industrial era.
The future of Derby is brimming with creativity and vibrancy, led by the regeneration of amenities and businesses that are driving Derby property prices.
While 12% of the city’s workforce is employed in hi-tech functions, the creative and digital industries deliver 12,500 jobs to the local economy, highlighting the versatility of Derby’s economy.