Why Invest in Derby Buy-to-Let Property in 2023?

As more people consider investing in property, why invest in Derby buy-to-let property in 2023?

The UK’s most central city, Derby remains an affordable city with incredibly high growth potential – both in terms of property prices and rental yields.

Derby buy-to-let property continues to be a flexible asset and an accessible entry point for property investment.

With £3 billion of investment already funnelled into the city and a further £3.5 billion expected to be leveraged through the 2030 Derby Masterplan, the city is building exciting new amenities and infrastructure.

This is attracting incredible levels of demand and contributing to increasingly high property price forecasts.

Derby is a hub of opportunity, characterised by an ambitious manufacturing presence that can be traced back to the Industrial era.

While the city continues to pay homage to its past, the future of Derby is brimming with creativity and vibrancy. With Derby fast becoming the cultural core of the East Midlands, the regeneration the city is experiencing is driving the price of property in Derby.

At the heart of Derby’s golden future is its employment opportunities, broadening the city’s horizons and attracting a diverse workforce of young professionals. By forging new avenues, Derby is creating a domino effect across the city, with the potential to create a professional hub that reflects its geographical location – the epicentre of the UK.

As you’d imagine, the opportunities and attractions of this leading city’s future landscape will attract a wealth of new visitors – driving the demand for this emerging hotspot.

The East Midlands is the nucleus of the UK, helping bridge the gap between the North and the South. As a core city within the region, Derby is well placed to use its roots at the heart of the UK to drive connectivity to key cities across the country.

With a rail catchment of over 800,000 and 17 universities within an hour of travel, this connectivity is an integral part of Derby’s appeal to investors. Not only does this entice a wealth of inward commuters to the city, but the city’s connectivity strengthens the opportunities for transient tenants.

One of the major pulls of Derby lies in its employment opportunities. The manufacturing industry underpins the city’s strong employment base, with thriving businesses on every corner.

Home to the retail, textiles and professional services, Derby is perfect for those who are searching for an industrious atmosphere. With an established economy built on ambitious skills, Derby has made a name for itself as the sixth most productive city in the UK.

The expertise of Derby’s manufacturing sector spread far and wide, with the city being a leading UK hub for the aerospace, rail and automotive industries. Housing the likes of Rolls Royce, Toyota and Bombardier Transportation, these global companies contribute over 45,000 jobs in total to Derby’s economy.

On top of its position as a manufacturing hub, Derby also has an established hi-tech sector and thriving creative industries. While 12% of the city’s workforce is employed in hi-tech functions, the creative and digital industries deliver 12,500 jobs to the local economy. In highlighting the versatility of Derby’s economy, it’s no surprise that investors are continuing to look to this ambitious city.