Thousands of new homes in Derby planned to meet demand from house-hunters
Posted 4 February 2016 by Keith Osborne
With a wealth of new homes developments currently under way in and around the city, Derby is proving itself a popular choice for East Midlands house-hunters.
Britain’s most central city is a well-connected one, with good road and rail links and a well-served regional airport close by, and it is only a short distance from one of the country’s best-loved Areas of Outstanding Natural Beauty, the Peak District. With a city centre packed with good shopping and amenities, it really does tick a lot of boxes for those looking for a new home.
Its heritage dates back to Roman times, but Derby’s success really surged with the Industrial Revolution, where it became known for its excellence in textiles and engineering. It is now home. The city is now home to around a quarter of a million people.
With the M1 just a few miles away and numerous cross-country arterial routes, Derby is within easy reach of other major towns and cities, such as Birmingham, Sheffield, Nottingham and Stoke-on-Trent. Derby Midland station offers direct routes to cities such as London, Newcastle and Cardiff and connections to many others.
Housing supply targets set in 2008 suggested the city needed 12,500 new homes over the next 20 years, with key strategic areas targeted such as the city centre, Derwent Valley and a number of key employment areas in the suburbs.
Property expert Kate Faulkner is optimistic about the Derby property market in 2016. She told the Derby Telegraph recently: “The average price for a Derbyshire property fell in 2007/8 from £142,042 to just £117,550 when the market hit rock bottom in 2009. Since then it's taken over eight years for homeowner prices to recover anywhere near to their previous height, but the good news is, latest data suggests if prices continue to rise steadily during 2016, the market may see a full recovery this year or, at worst, in 2017.”
New homes for sale in Derby now or coming soon
In Kingsway, in the west of the city, Definition from Strata is currently offering a mix of three- and four-bedroom house, in a range of two- and three-storey styles, priced from £184,950, ideally located for access to the M1 and A52.
The riverside apartment development of Number One Cathedral Green is already 70% sold, but Barratt Homes is still offering a number of one- and two-bedroom properties with Help to Buy available, priced from £99,995 in the resurgent Cathedral Quarter of the city.
Between the city’s centre and station, Castleward is a growing community where Compendium Living is currently selling a mix of two-, three- and four-bedroom homes from £135,500, ideal for local workers or those that need easy access to destinations further afield.
Just a couple of miles from the city centre in Sunny Hill, Chevin Homes is building a boutique development of just 14 homes called The Grange, with two- and three-bedroom homes from £149,950. Help to Buy is available.
On the western fringe of Derby, a new residential quarter is taking shape at Langley Country Park, giving residents surroundings of mature woods and rural land with easy links to the centre. Miller Homes is offering three- and four-bedroom houses from £180,000 and Radleigh Homes has a mix of four- and five-bedroom homes currently for sale there.
Miller Homes will also be starting work in Littleover, in the south of Derby, within the next six months on another 340 new homes for the city.
Just a few minutes from Derby city centre is Manor Kingsway, where Kier Living is currently offering a range of two-, three- and four-bedroom homes from £124,995. Proximity to Royal Derby Hospital makes these properties popular with staff there and provides a buy-to-let opportunity for investors.
Specialist developer McCarthy and Stone has submitted plans to build 20 new retirement homes on a former car showroom in Littleover. The company’s regional managing director Mark Wright says: "We're very encouraged that our plans have already received a high level of positive local feedback. It is important that a community meets the housing needs of all its residents and this development would help meet a local, and growing, housing need in Littleover.”