1 bed Flat For Sale £190,000
*IDEAL FOR BUY-TO-LET INVESTMENT OR END-USE*
MacArthur House, Nightingale Quarter Derby
MacArthur House is a stunning collection of 118 apartments, part of the Nightingale neighbour regeneration scheme, nestled in the heart of Derby’s bustling centre. Nightingale Quarter is a truly unique development, incorporating 925 city centre homes including six acres of green open space, parkland and gardens. It’s easy to forget that you are so centrally located.
Derby itself is a city putting itself on the map, with some of the highest employment rates in the country, with companies like Toyota, Rolls Royce and Bombardier leading the way in the cities’ advanced manufacturing sector.
The Nightingale Quarter is one of the largest city centre regeneration sites in the UK, covering more than 18.5 acres. The development has been sympathetically designed to incorporate the iconic Victorian "Pepper Pot" buildings, which will remain on site as a permanent reminder of the heritage of the development. Pepper Pot North will become the hub of the community with a cafe and eatery at its heart. Pepper Pot South, will be transformed into a community gym to be enjoyed by all.
Investment Highlights
- Price £190,000
- Completion Q4 202424 contemporary 1-bedroom apartments
- Leasehold with zero ground rent
- Service charge of approx. £2.22 per sq ft
- 6% rental yield projection could be higher upon completion
- Derby is the centre of England, most other cities are under a 3-hour drive away
- Derby has the highest average yield of any East Midlands city.
- Second fastest growing regional economy in the UK
- Population is expected to grow by 9.45% by 2028.21,000 new jobs to be created
- £2 billion worth of regeneration in the pipeline for the city centre.
- One of the fastest growing areas for house prices in the country, but still affordable.
- Big regeneration area, lots of money being spent on the city centre and this particular development which will in turn attract more investment.
- Lots of businesses within close proximity of the development to drive long-term rental demand.
