The Silk Yard in Derby is a new development of 258 studio, one, two and three bed apartments spread acrossthree blocks set around a gated courtyard, The Silk Yard is set in a landmark historic site that was home to manufacturing for the past 200 years.
The Silk Yard is conveniently situated between Derby city centre and Derby railway station just short stroll from the River Derwent, the first phase of The Silk Yard is under way offering property buyers an exceptional residential opportunity in the heart of Derby in modern living styled apartments.
The growth in the property market isn’t just contained to purchase prices, with the rental market forecasting similar increases in the coming years. Ranking the highest in the UK for annual rental increases between 2020-2021 at 8%, Derby’s average rental yield looks set to strengthen even further.
The Silk Yard in Derby is an exemplary collection of contemporary residences curated with an aesthetic of sleek, modern style. Expansive, light-filled homes, built for a new generation of living; one designed for freedom, growth, style and ease.
As Derby’s profile grows, so do the prospects for the city’s property market with a myriad of regeneration schemes underway, this has the potential to push property values by up to 19.7% by 2027.
At The Silk Yard, stylish living comes as standard being the cornerstone of the wider Castleward Urban Village regeneration, the Silk Yard will be the destination for living amongst a younger generation of professionals wanting to reside in a prime city centre spot.
With regeneration schemes totalling £3.5bn around every corner and house price and rental growth across the entire property market set to rise fastest in the cities, Derby and The Silk Yard will be a destination for livingand investing.
The River Derwent has always played an integral part in Derby’s history of innovation. In 1717 the first silk mill in England was built on its banks by John Lombe and for over a century, the Old Silk Mill was the town’s largest employer.
With roots dating back to the industrial era, Derby has built an expansive collection of global manufacturers, including Rolls-Royce, Bombardier Transportation and Toyota, to name a few.
Bustler Market is another treasure within the city. Located within Derby’s newest and biggest destination for independent events, Bustler Market gets its name from the hustle and bustle of these vibrant occasions. As well as hosting some of the UK’s best street food traders, you can expect good beer and even better company.
This independent hotspot is just a taste of what Derby has to offer. Not only does the city host a plethora of independent retailers, it is also known for its unique hospitality offering. From quaint coffee shops, to authentic eateries, and live entertainment, it’s no surprise that Derby is an increasingly popular destination amongst a range of demographics.