Derby
Located in Derbyshire in the East Midlands, Derby is part of a region that regularly appears in the top UK ratings for BTL investment. Nottingham is nearby (22km) and Birmingham (55km) - both of which are fantastic investment markets in their own right.
These locations are very popular amongst larger employers, particularly manufacturing and logistical companies that take benefit from the convenient transport links. Derby now hosts companies such as Rolls Royce, Toyota and the train manufacturer Bombardier.
These and other major manufacturers support local extensive supply chains, as a result of which there are over 22,000 people working in manufacturing across Derbyshire. These employees are the perfect tenant demographic for high quality single lets and HMO occupancy.
Students
Derby has a UK top 30 university and a student population of circa 34,000
Business
Recognised as a top ten location for business start ups (Centre for cities), 4500 jobs created over the last three years and thousands more forecast over the next decade
Demographics
Population of 260,000 and a business population of 8350. Manufacturing accounts for the largest employment percentage and the average weekly wage is £619 - the second highest average in Britain
Connectivity
An hour and a half to London by train and 27 minutes by train to Nottingham. Derby is also set to benefit from HS2 rail links
Economy
One of the fastest growing regional economies with £4bn of inward investment in the last ten years. £2.3bn of regeneration projects currently in the pipeline.
Data
Annual exports of circa £6.1bn. 43,000 engineers live in Derby and the surrounds. Strong R&D sector and a city centre masterplan that will leverage £3.5bn in new investment and create 4,000 new jobs by 2030