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Derby: Why is a unique opportunity for property investors right now

Right now, one of the best areas to live and invest in is Derby.

Thanks to cheap rents and high-paying job opportunities, Derby has been named as the best city in the UK for millennials to start a business and ranked 23rd best place to live in the UK in 2019. The city has also been rated as the second-best place in the UK to make a living, thanks to the availability of good jobs but relatively low costs of living and lower house prices than many similarly-sized UK cities.

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Derby is a well-connected city on the border of the Midlands and the North of England but has plenty of amazing areas in its own right which make the city a fantastic place to invest.

Depending on where you are in your life, whether you’re starting out in your career, saving up for buying a house, or entering retirement, there are different things you look to get out of where you live. Navigating a course through life can be difficult and even stressful, especially for those looking to live outside familiar areas. 

With beautiful surrounding countryside, plenty of bars and pubs, and loads of family-friendly activities, Derby is the ideal mid-size city for people of any age. Despite a population of over 250,000 Derby is known as one of the most neighborly cities in the UK. It’s the UK’s most central city, benefiting from the best of both worlds,  a great cultural base situated in the East Midlands on the edge of the Peak District National Park, which is regarded as one of the nation’s finest examples of the lovely English countryside.

But what’s it like to live in Derby?

Income and cost of living 

TotallyMoney, a famous credit company, analyzed the best cities across the country and came up with Derby coming out on top, followed by Leeds, Reading, Bradford and Coventry. The company said that the combination of low rents and high-paid jobs made Derby the best place for single young professionals and young couples. Even though Derby has been revealed as the best city for all age groups, it only ranks in the top spot for young professionals and young couples.

The study revealed that Derby has a high take-home salary (£2,125) and only 21% of that income is spent on rent, which is the lowest in the UK, according to the study. This leaves young people plenty of money to spend at one of the 70 bars and pubs available in the city which offer £3 pints.

Leeds also offers millennials multiple job opportunities (877 jobs per 1,000 people), while Reading offers the highest average take-home salary across the UK of £2,365.

Transportation

Being one of the UK’s most central and outstanding cities, there are some great transport connections in Derby. The city has 3 train stations, with Derby Station being the main one just a short walk from the city center. You can go to London by fast train in just 1 hour 46 minutes, Leeds in 1 hour 19 minutes and Birmingham just 45 minutes.

Derby also has affordable, reliable bus transportation that has been ranked the 6th best in the country. Connections across the city leave on an average every 10 minutes.  The A38 which intersects Derby allows easy road access to Birmingham and the rest of the West Midlands for drivers whilst the Derby Southern Bypass links the nearest areas with the M1 which connects London and Leeds.

For cyclists, there are plenty of cycle routes across the city, and also a Sustrans National Cycle Network with four main routes crisscrossing the place.

Education

Derby has excellent options for local primary and secondary schools.

Lawn Primary School in Allestree has the best SATS results in the city, with 90% achieving the expected level for 11-year olds in reading, writing and maths. Spanish is also taught in the first years of schooling. 

In terms of high school education, Landau Forte College was rated well above average in the 2019 GCSE results and prides itself on its diversity and inclusivity. 

One more pretty good choice for kids is Derby Grammar School, a selective boys school accommodating students from primary age. In regard to universities, Derby is also home to the famous and well-regarded University of Derby, which appears at number 26 in the 2020 UK university league tables.

Activities

If you’re a countryside lover, you should consider visiting Derby’s numerous parks and green space, including Derby Arboretum ( the very first park in the UK and said to be the inspiration for Central Park in New York).

There are also plenty of indoor activities to keep you busy. Cinemas, gym, swimming facilities, restaurants, and shopping centers. Derby also has its own Museum and Art Gallery! If you love food, this city has a huge variety of bars that goes from Indian restaurant Anoki, homemade pizza restaurant the Book Café, and The Cock Inn who provide a whole vegan menu. 

Safety 

Ranked as the UK’s third safest large city in 2018 by Compare the Market, crime levels in Derby are very low for a city of its size, social care also rated highly in the study.

Areas such as Littleover, Mickleover, Chellaston, and Allestree are considered to be the best areas to live in terms of safety. 

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Top 3 best areas to live and invest in Derby

  1. Chellaston

This area is one of the top residential areas located in Derby. It is known for having one top-notch fish and chip shop, and another one that is just over the Shelton Lock border. It is also surrounded by some gorgeous natural scenery. A short walk to the outskirts of Chellaston will take you to the Shelton Lock canal paths or you can head along Cuttle Brook and towards the Crewe & Harpur for a beer.

  1. Mickleover

 If you love history, this might be the best option for you. Most of the development there took place during the 20th century. But in an area close to Uttoxeter Road are a number of interesting old buildings of such historical importance that in 1975 Conservation Area status was awarded.

  1. Darley Abbey

This peaceful and calm area is located from a short distance from buses. It is a village of attractively restored mill cottages, built in rows or around squares. It was originally an Augustinian priory, founded by Robert Ferrers, second Earl of Derby, around 1146.


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