Derby's City Living Boom

Derby's city centre residential market is booming, with nearly 2,400 new properties built, or in construction, according to Bondholder Derby Telegraph. 

The city's residential revolution is showing no signs of slowing down as further new-builds and conversions bringing investment to the city centre.

This revolution has been kickstarted by the student accommodation market - out of the 2,388 new properties built in the city centre, 722 are student accommodation. This includes 128 apartments in converted Roman House by Bondholder StudioUS, and a 350-bed student accommodation development on Cathedral Road by Bondholder Prosperity Capital Partners. 

Developer Jensco has received planning permission to build a further 244 student apartment next to its One Friar Gate Square development in Agard Street.

A number of new homes have also come, or are in the process of coming, to market in the city centre, including the new Weaver's Point development from Bondholder Radleigh Homes, which comprise of 35 luxury apartments. 

We’re very excited about investing in Derby over the next 10 years. I’d like to do more student accommodation in Derby and we’re looking at other sites but, in addition to that, my vision for Derby is the build-to-rent sector. I think Derby is a prime city for build-to-rent.
— Gavin Barry, Chief Executive at Prosperity Capital Partners

These are joined by the apartments at One Cathedral Green, which all sold within months of going on sale.

A major success story of Derby's residential revolution has been Bondholder Compendium Living’s £100m Castleward development, which once completed will create an 800 home Urban Village in the heart of the city, mixing residential with retail and leisure. Phase 1 of the scheme has already completed with phase 2 set to begin soon.

Derby's residential revolution began two years ago at MIPIM UK, with the launch of the City Living brochure.

John Forkin, Managing Director of Marketing Derby, said: "Two years ago we launched a campaign to attract residential investment to support Derby's growth ambitions.

"We had a tremendous response and some of the buildings recently constructed, or currently going through planning, are a direct result of this.

"The past ten years' regeneration has made living in Derby city centre a more attractive proposition."