NORMAN HOUSE

Investment Guide

Population

254,374

region

East Midlands

county

Derbyshire

Property

Most of the sales in Derby over the past year were semi-detached properties which on average sold for £153,992. Detached properties had an average sold price of £259,059 and terraced properties averaged at £123,982. The overall price of a property in Derby is recorded at £174,288 for 2017.

In the past year house prices in Derby were 4% up on the year before and 11% up on 2014 when they averaged at £157,140

Private renting has been the key growth sector in the region over the last decade, and has gone from accommodating 8.4% of households in the East Midlands in 2000 to 15.6% in 2010. Within the Derby, local letting agents confirmed that the rental market is buoyant with demand outstripping supply, driving rental growth.

Economy

Derby has one of the fastest growing economies in the UK, achieving 23% growth in Gross Value Added (GVA) in the five years to 2016. Home to large employers like Toyota Motor Corporation and Rolls Royce, Derby is a driving force behind the UK’s engineering-manufacturing industry as well as being a powerhouse in the production of rolling stock and railway systems engineering, as Bombardier Transportation is based out of Derby Carriage and Wagon Works, the plant established by Midland Railway to manufacture trains in 1876. Industry is big in Derby, meaning employment is big too, with less than 2% of Derby’s citizens currently unemployed.

Derby County Council has announced a regeneration plan worth £3.4bn, set to fully modernise the city and promote economic growth. (Derby City Council, 2015)

Employment

Derby has one of the fastest growing economies in the UK, achieving 23% growth in Gross Value Added (GVA) in the five years to 2016. Home to large employers like Toyota Motor Corporation and Rolls Royce, Derby is a driving force behind the UK’s engineering-manufacturing industry as well as being a powerhouse in the production of rolling stock and railway systems engineering, as Bombardier Transportation is based out of Derby Carriage and Wagon Works, the plant established by Midland Railway to manufacture trains in 1876. Industry is big in Derby, meaning employment is big too, with less than 2% of Derby’s citizens currently unemployed.

7.8% RISE

in last 10 years

DEMOGRAPHY

The population of the city is currently around 248,700, a rise of about 7.8% in the last 10 years. As the UK capital for innovation, Derby has 38.5% of its workforce employed in professional functions which makes a great buy-to-let investment location.

Education

Derby has 30 primary schools, 15 secondary schools, one further education college, six special schools and three independent schools in its catchment area. Currently there are three schools in the region that feature in the top 250. Derby College provides post-16 courses for school leavers, apprentices and employer related training.

In 2014, Ofsted rated 76% of all schools in Derby as ‘Outstanding’ or ‘Good’. Ecclesbourne School, 15 minutes from the City centre, has come out on top in Derbyshire as its exam results continue to improve year-on-year. It is one of the most over-subscribed, non-selective schools in the county and many parents have found themselves paying above average house prices just to live in the school’s catchment area.

The city also has its own university, The University of Derby, home to around 34,000 students.

TRANSPORT

Derby has extensive links to the rest of the country, these include easy access to the M1 motorway east of the city centre, connecting Derby with London to the south and Sheffield to the north. In addition to the M1, the A6 road links Derby with Carlisle, Leicester and Manchester, the A52 connects the city with Newcastle and links on to the A61 road to Thirsk via Leeds.

Approximately 15 miles from the city centre is the East Midlands Airport that connects with both domestic and European cities. In addition to road and air travel, Derby Train Station, a major interchange point for East Midlands train services to and from London, offers commuters express journeys’ to the capital, the North East of England and the South West. Derby Train Station is situated close to Derby County’s Pride Park stadium and provides a Skylink bus service to East Midlands Airport. The station is currently undergoing a £2 million redevelopment project which will see improvements to the station’s multi-modal public transport access.

Initially a market town, Derby grew rapidly in the industrial era and claims to be one of the birthplaces of the Industrial Revolution. With the arrival of the railways in the 19th century, Derby became a centre of the British rail industry.

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