Thread across 3 phases this brand new development is a curated collection of 258 stylish studios and apartments with parking and communal amenities, that will transform this area of Derby into a modern thriving destination.
A short stroll from the River Derwent and nestled between Derby train station and Castleward Park, the development seamlessly blends accessible and aspirational living.
Stylish living comes as standard. As the cornerstone of the wider Castleward Urban Village regeneration, this upcoming development will be the destination for living amongst a younger generation of professionals wanting to reside in a prime city centre spot.
The growth in the property market isn’t just contained to purchase prices, with the rental market forecasting similar increases in the coming years. Ranking the highest in the UK for annual rental increases between 2020-2021 at 8%, Derby’s average rental yield looks set to strengthen even further. With regeneration schemes totalLing £3.5bn around every corner and price growth across the entire property market, Derby and The Silk Yard will be a destination for living and investing.
Already established as the sixth most productive city in the UK, a £3.5 billion regeneration master plan will deliver a wealth of new employment opportunities and amenities into the area, attracting more than 250,000 visitors each year making Derby the fastest growing economy in the East Midlands. Derby also has an established foundation of creative and hi-tech employment opportunities. The cornerstone of Derby’s tech industry is the city’s £12 million iHub Innovation Centre, where you’ll find several global businesses, including Airbus, Composite Braiding and VRCO. With its modern workforce brimming with graduates and young professionals, the city is on an upward trajectory.
Advanced manufacturing accounts for one sixth of all employment in Derbyshire (more than double the national average). The county, home to the largest rail cluster in Europe, is a hub of activity for rail, aerospace and automotive industries. Toyota, Rolls-Royce and Alstom all have significant investments in Derbyshire. Food and drink manufacturing is one of Derbyshire’s largest sectors. Located in the heart of the country means that almost 80% of Great Britain can be reached within a four-hour drive.
