Silk Yard Derby

A short stroll from the River Derwent, Derby train station and Castleward Park, The Silk Yard connects together everything good in life.

Derby property prices have already seen an increase of 57% over the last ten years after nearly £3 billion worth of inward investment into the city, with Halifax stating that property prices jumped by +15.8% to £277,491 between 2021 and 2022 alone.

From 2022 to 2023, house prices have grown by 4% – an exceptional feat considering the pervasive mortgage crisis, inflation and rising base rates. In fact, Derby is one of the rare cases where house price growth is outpacing inflation.

It is blatant that the Derby property market is exceptionally resilient: it’s no wonder Derby has been coined the 6th best UK property hotspot to have on your investment radar by Property Market Index.

A further £3.5 billion worth of investment in the form of the Derby City Centre Masterplan is expected to help drive prices to new heights. Our Derby property price forecast suggests that Derby prices could see a real-value increase of £25,426 by 2025 based on a predicted 11% increase from current prices of £231,150.

DERBY SUPPLY AND DEMAND

Striking the right combination of supply and demand is vital for maximising the returns on a Buy-to-Let property, which is why finding a location with an undersupply of property and growing demand can result in a lucrative investment.

The supply of property across Derby has been lagging behind demand for years, with the city’s future growth set to only fuel this further and continue pushing house prices in Derby. The city’s population is currently surpassing 267,000 and is expected to increase by 5.3% over the next 20 years, highlighting the potential of investment opportunities in the area.

Properties for rent in Derby have always been – and always will be – a staple within the market, due to the city’s young population. Almost 50% of Derby’s population is under 35, and with a strong student population of over 30,000, the city has a strong foundation of residents within ‘generation rent’, looking for properties to rent in Derby.

The demand for property is already far surpassing the supply across Derby, but with the population set to increase considerably over the next two decades, this undersupply will continue to escalate.

Both house prices in Derby and average rents will likely reflect this growth in the coming years, driving a positive Derby property market forecast and cementing the city as a prime investment opportunity.

A VISION WORTHY OF THE HERITAGE

The Silk Yard ushers in new life to the heart of central Derby at this landmark historic site. Home to manufacturing for the past 200 years, The Silk Yard continues on with a tradition of bringing iconic innovation to the city of Derby. A short stroll from the River Derwent and nestled between Derby train station and Castleward Park, The Silk Yard seamlessly blends accessible and aspirational living. An exceptional residential opportunity, The Silk Yard offers a collection of 258 carefully crafted studios, one, two and three bedroom apartments curated for modern living and set amongst organic landscapes and peaceful surroundings.

With unparalleled elegance and impeccable attention to detail, the architectural design is a welcoming vision of homes filled with flexible spaces that fulfil your ever changing needs and provide serenity from the hustle and bustle of the city centre. With the range of accommodation available, owners have the flexibility to choose an apartment that meets their aspirations or investment needs

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As the cornerstone of the wider Castleward Urban Village regeneration, The Silk Yard will be the ideal destination for a younger generation of professionals wanting to reside in a prime city centre spot.

THE APARTMENTS

INSIDE AND OUT THE SILK YARD APARTMENTS ARE A SEAMLESS BLEND OF INDUSTRIAL-LUXE DESIGN AND 21ST CENTURY STYLE THAT TRANSPORT YOU FROM PAST TO THE

PRESENT – AND SERVE AS THE FOUNDATION FOR A NEW ICON OF RESIDENTIAL LIVING