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.
