A completed, tenanted development of 94 apartments midway between Derby Railway Station and the Derbion, with just 27 remaining. Turnkey rental investments with professional tenants in place: no build to wait for, no void, income from the day you complete.
Most investment stock asks you to wait through a build and then find a tenant. Mulberry House does neither. The development is complete, professionally tenanted and generating rent today, which makes these genuine turnkey purchases: your income starts the moment your purchase does.
The usual entry costs disappear too. There are no initial letting or search fees, which typically cost around 70% of the first month’s rent, and no void period, which typically costs the equivalent of a month’s rent. Many plots also come with furniture and parking included.
The location is hard to better in Derby: four minutes’ walk to the city centre, five to the railway station, midway between the station and the Derbion shopping centre in the heart of DE1.
Figures are a guide based on current lettings and pricing at the development and comparable local schemes; rents and charges vary by apartment.
Derby recently ranked second in the UK Powerhouse City Growth Tracker, between Cambridge and Oxford. It’s a global centre for aerospace, automotive and rail, with the second highest income per capita outside London and the South East.
Derby holds 12% of the UK’s advanced manufacturing employment, with 45,000 people in engineering and manufacturing, one in eight working in high-tech sectors and 94% of graduates in work or further study. Nearly 40% of the workforce is in professional occupations: exactly the tenant base Mulberry House lets to.
With the population projected to grow 9.45% by 2028 and rental growth running strongly, completed, well-specified city-centre stock is scarce, and it lets fast.
Mulberry House is delivered by Elevate Property Group, an award-winning developer with a 30 year track record and a residential portfolio spanning 25 developments. A place-making specialist, well capitalised and funded, with a reputation for highly specified schemes in city-centre locations.
Because the development is complete, the usual delivery risk is off the table entirely: what you see in the photographs is what you buy, already built, warrantied and let.
This is the opposite of an off-plan gamble: the building is finished, the tenants are in, and the price undercuts comparable unbuilt stock nearby. When the last 27 apartments go, there is no next phase.
Tell us what you’re looking for and we’ll send the current availability list with pricing and tenancy details, and come back to you within one working day.