Welcome to the first release of the landmark Nightingale Quarter development, which is expected to revolutionise the Derby property market.
The incredible potential of Derby, the UK’s most central city, is now being realised. Home to 254,000 residents, with a further 2.1 million people living in a 45-minute radius, Derby’s population is expected to increase by 9.5% by 2028, bringing with it an expected 21,300 new jobs. Derby is hugely attractive to young professionals: half of the city’s residents are under-35 and it’s expected the rapid population growth will be made up of more young professionals and families. There are over 35,000 students currently living and studying in the city, with a graduate retention rate of 23%, supported by high-quality employers. Derby is ranked second in the UK for cities with millennial start-ups and one in eight people work in its high-tech sector. All this equals an ambitious and growing tenant base that will be looking to rent.
Driving Derby’s future is the 2030 Derby Masterplan, aimed at revitalising every aspect of the city to create a thriving culture, while maintaining the city’s industrial heritage. With over £3 billion worth of investment over the last decade, and a further £3.5 billion expected as part of the Masterplan, Derby has been cemented as one of the key investment destinations in the UK.
An exciting investment opportunity for Carrick Property clients
Part of Derby’s growth plans are appealing new developments such as the Nightingale Quarter, one of the largest city-centre regeneration sites in the UK, designed to blend contemporary living with vibrant green surroundings and offer a new living experience for Derby’s thriving professionals. The project is spearheaded by property developer Wavensmere Homes and Carrick Property is working with leading UK property investment company Joseph Mews to bring this exciting investment opportunity to our clients.
The Nightingale Quarter is named in honour of the famous Florence Nightingale, who was instrumental in designing the Derby Royal Infirmary (DRI). The restoration of the historical DRI, which was officially founded in 1892, is underway and will ensure the area retains its unique historical attraction.
The epitome of high-end, connected living, Nightingale Quarter comprises 425 new homes, featuring a mix of upmarket townhouses, one- and two-bed apartments, amidst acres of gardens and parks. It’s the perfect blend of community and aspiration, with easy access to Derby’s exceptional retail and leisure destinations, transport links, global business headquarters and world-class educational facilities.
The gateway to the Nightingale Quarter
The first release of apartments in the Nightingale Quarter, this development is uniquely positioned within the development on the doorstep of the iconic ‘pepper pots’, which will be carefully renovated and transformed into an on-site restaurant and exclusive residents’ gym, maintaining their original exterior architecture. Located on the London Road, the 70 apartments consist of beautifully finished one- and two-bed layouts. The development is surrounded by landscaped gardens, and over six acres of green space, with children’s play areas, an outdoor gym and cycle paths.
Outdoor enthusiasts can also enjoy the beautiful Peak District on the outskirts of Derby – 555 square miles of glorious green space and home to the first national park in the UK or, closer to home, Arboretum Park, a public park inspired by New York’s Central Park.
Why invest in Derby?
- Property in Derby is one of the highest-yielding, most affordable assets in the country and it’s only set to get better – forecasting rising property prices and exceptional rental yields.
- Over the last decade, property in Derby has risen in value by £67,000, driven by new levels of demand and amenities meeting resident needs.
- It offers excellent connectivity, with a rail catchment of over 800,000 and 17 universities within an hour of travel.
- There are only 17,800 rental properties available in total in the city which has population of almost 255,000, highlighting the investment opportunity potential.
- It’s the leading UK hub for the aerospace, rail and automotive industries and home to Rolls Royce, Toyota and Bombardier transportation, which contribute 45,000 jobs to Derby’s economy.