Why Derby is the Best Place to Invest in UK Residential Property in 2022

Are you looking to invest in UK property and have wondered, “where are the best places to invest in residential properties in the UK?”

Today’s blog post will give you all the information you need to know and why Derby is the best choice for you.

For those interested in where to invest money in the UK, there may be several important questions that you may have. Firstly, where are the best places to invest in UK property in 2022? In addition, if you have identified where you would like to invest, what should you be looking for?

Where are the best UK Buy-To-Let property investments?

There are several factors you must consider before jumping into a Buy-To-Let investment. Here are the key metrics you should look out for:

Property Prices – Rental Yields – Tenant Demand – Population – Regeneration – Career Opportunities – Tenant Demographics – BTL Opportunities – Transport Links

By taking into consideration all these metrics, it allows you to build a complete picture of a particular locations Buy-to-Let performance, while also highlighting an emerging towns or cities that might not be a traditional choice for investment.

UK house prices have risen at their fastest rate in over 7 years – highlighting the power that property investment in the UK can have for investors.

So, why should you invest in Derby?

Average Property Price: £222,910 Average Rental Yield: 4.20% Price Growth in Five Years: 11.37%

Derby is in the heart of the UK and a major city within the East Midlands, bridging the gap between the north and south. The HS2 interchange will only drive this connectivity further, putting Derby within an hour’s catchment of the capital, while reducing the commutes to cities such as Birmingham, Leeds, and York to 35 minutes or under.

As one of the most well-connected cities in the UK, it is no surprise that Derby has 17 prestigious universities within one hour of travel. As well as having a strong student presence in the city, 48% of the entire population are under 35 – a major demographic of the so called ‘Generation Rent’.

The driving force behind Derby’s youthful population is its employment opportunities, both existing and yet to come. Not only have 4,500 new jobs been created in the last 3 years around the professional and manufacturing industries, but the ambitious 2030 Derby City Master Plan is set to introduce at least 4,000 more.

While Derby is relatively new to the list of places to invest in the UK, with strong past performance and a promising future, the city represents a key city in a fast-growing East Midlands region. As its regeneration schemes drive more employees to the city, property prices have the potential to rise by 24% by 2025.

What other cities are included in the top places to invest in UK property?

Other cities that are on the list include:

  • Birmingham
  • Manchester
  • Nottingham
  • Newcastle
  • Leeds
  • Edinburgh
  • Bracknell
  • Sheffield
  • Glasgow
  • Liverpool

Are you considering investing in properties within the Derbyshire area? Why not give us a call on 01332 383838 to see if we can find the right property for you. If you have already found a property, why not contact us about our full property management service? Give our lettings team a call on 01332 384438.

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