Derby sits nestled right in the middle of the UK and is surrounded by miles and miles of outstanding natural beauty courtesy of the Peak District National Park.
Within spitting distance are the cities of Nottingham, Mansfield, and Stoke on Trent. It is also home to the eponymous Adrian Mole, and Henry Royce of Rolls Royce fame.
This city has undergone an intense period of regeneration that has seen the shopping district of the city centre brought right up to scratch, and the opening of a brand new arts venue. The Cathedral Quarter is home to a bustling hub of independent shops, sweet boutiques, and is adjacent to the Eagle Centre Market. Out of town, the Westfield Shopping Centre is home to all the usual retail giants and department stores.
Architecturally, Derby boasts a Gothic-style Cathedral of mighty proportions and is apparently known as the ghost capital of the UK – visit at your peril!
Being pretty much bang central in the middle of everything, Derby is very well connected to everywhere else thanks to its proximity to the M1 the M42, and the national rail network. It does however, have all the usual city-based traffic problems and seemingly especially slow-moving traffic come the rush hour.
Derby is famed for being a thoroughly pleasant place to live thanks to its close-knit communities, and famed neighbourly attitude.
Derby certainly sounds like an idyllic place to live. In fact, a recent survey found that, thanks to it’s higher than average take-home pay and the high rate of employment, Derby is the second best place to live in the country.
So where are the top three buy to let locations in Derby?
Derby’s centre is home to the city’s young professional population by way of its high number of one and two bed apartments. If you’re looking to target this particular market with a view to achieving a good rental yield, then head to the city centre.
Allestree is an area of Derby popular with families thanks to its good schools and close-knit community. If you’re looking for a long-term investment that will give a stable yield, you could do worse than beginning your search in Allestree.
Normanton is an area of Derby with a much higher than average renting population. If you are looking to target a renting population looking for lower rents, or even if you plan on renting to young individuals as part of an HMO, then Normanton could be just the place you’re looking for.
Thanks to its location, Derby is a great place to consider purchasing a property. For renters and landlords alike, being within an easy commute to lots of other cities and locales is a great opportunity to enjoy the high living standards of Derby. It’s also worth considering the area if you are looking for holiday let property because it is so close to the incredible Peak District National Park.
As ever, make sure you do your own thorough research before you part with your hard-earned cash.