New apartments in Derby ready in 2025

179.995 £

Description

Introducing The Mill at Osmaston, Derby., , A character 1892 Mill conversion of luxury apartments located in a prime position in the centre of Derby., A thoughtfully restored 1892 Mill. All the character and heritage of a traditional building, whilst being brand new inside., , The opportunity:, 70 luxury one and two-bedroom apartments., Prime centre location., Finest investment location in Derby., No large sum deposit., Only 5% deposit to reserve., Various Flexible payment plans., 24 month – Unique monthly payment plan., No Mortgage option / Developer funded option – No credit checks. No mortgage application., 1 Beds £154,995 - Rent £700 per month., 2 Beds £179,995 – Rent £800 per month., Mortgage service provided., Full tenant management service provided., High specification interiors., Integral kitchen appliances included., Gym., Full planning approved., 250 Year lease., No ground rent., Service charge £900 pa., Parking £5k allocated space option., Estimated completion Q4 2025., , The Location:, Economy: Derby boasts a resilient and diverse economy, anchored by key industries such as aerospace, automotive and advanced manufacturing., , UK’s number 1 hi-tec city., , Well connected: Derby’s central location within the UK makes it an attractive hub for businesses and residents alike., , Connectivity: Excellent transport links, including major road networks and a well-connected railway system, contributes to the city’s accessibility., , Education: Home to the University of Derby. Vibrant student population. The demand for student accommodation , as well as housing for academic professionals, presents a lucrative opportunity for property investors. 60k Student population. 2 Universities., , Cultural: Derby offers a rich cultural tapestry, with historical landmarks, museums and a lively art scene., , Regeneration: Derby City Council is currently working through a 10-year master plan. Creating 4,000 jobs, 1,900 houses and £3.5bn of investments by 2030., , , Unique Payment Terms:, Let’s look at the 1 bed priced at £154,995., To reserve you pay a reservation deposit of 5% = £7,749.75 plus £995 initial legal fees = £8,744.75, Followed by a deposit of 25% (£46,448.75 ) spread equally over 24 months = £1,937.44, At completion, the balance paid in cash / Buy to Let mortgage (We can put you in touch with a mortgage broker)., We will also connect you with property managers to rent out the apartment on your behalf., , No Mortgage option – Developer funded:, , Let’s look at the 1 bed priced at £154,995., To reserve you pay a reservation deposit of 10% = £15,499.50 plus £995 initial legal fees = £16,494.50, Followed by a deposit of 70% (£108,496.50 ) spread equally over 24 months = £4,520.69., At completion you own the property. You sign a deed of rental assignment, that is managed and rented out on your behalf until the outstanding 20% is repaid., , Get in touch for more information.