Thread across 3 phases the Silk Yard is a curated collection of 258 stylish studios, 1, 2 & 3 bed apartments with parking and communal amenities, that will transform Liversage St. into a modern thriving destination.
A short stroll from the River Derwent and nestled between Derby train station and Castleward Park, The Silk Yard seamlessly blends accessible and aspirational living. An exceptional residential opportunity.
All apartments will be completed with a superb specification as you be expected from Elevate Property Group, backed by a 10-year build warranty.
Units: Studio, 1, 2 and 3 bed apartments
Starting Price studio: £139,000
Starting Price 1 Bed: £179,950
Starting Price 2 Beds: £225,000
Starting Price 3 Beds: £260,000
Practical Completion Q2 2024
Total Development:258 Apartments
Tenure:250 years
Est. Service Charge:250 years
Expected Yield:5.25%
Building Warranty: 10 Years
Furniture Pack:Available
Parking: £12,000
8% RENTAL GROWTH: 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. With regeneration schemes totaling £3.5bn around every corner and price growth across the entire property market, Derby and The Silk Yard will be a destination for living and investing.
Reservation Fee: £5,000
20% on Exchange, balance (80%) on completion
Mortgage: Yes
Parking: £12,000
LOCATION
What signifies a leading UK city? Opportunity, connectivity and above all, a thriving culture. ‘City Culture’ can vary, but one thing remains constant - authentic hospitality complemented by leading global brands. Derby surpasses all expectations, with an iconic shopping centre and expansive independent presence striking a unique city culture.
ECONOMY
Already established as the sixth most productive city in the UK, a £3.5 billion regeneration master plan will deliver a wealth of new employment opportunities and amenities into the area, attracting more than 250,000 visitors each year making Derby the fastest growing economy in the East Midlands. Derby also has an established foundation of creative and hi-tech employment opportunities. The cornerstone of Derby’s tech industry is the city’s £12 million iHub Innovation Centre, where you’ll find several global businesses, including Airbus, Composite Braiding and VRCO. With its modern workforce brimming with graduates and young professionals, the city is on an upward trajectory
- 40% of the workforce are employed in professional roles
- Highest graduate salary outside of London.
- Derby is expected to see an influx of 10,000+ jobs by 2030, making it the fastest growing economy in the East Midlands.
- Over 4,500 jobs created in the past 3 years.
- Derby has a collection of global manufacturers, including Rolls-Royce, Bombardier and Toyota
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