Derby property focus
by Housesimple on 10th October 2016
Buying or selling in Derby? From major new developments in the city centre to a packed autumn events calendar, read on to discover what’s going on in this exciting city.
Plans submitted for new leisure area
Derby could soon be home to a new 11,000 sq ft restaurant and bar complex after plans were submitted by Clowes Developments to Derby City Council. The land and property development company proposes to convert two run down tram sheds at St James’s Yard into various eateries, and turn an existing newsagent on The Strand into the development’s entrance.
Derby Triangle work to begin in early 2017
Empty land between Wyvern Business Park and Derby County’s iPro Stadium – known as the Derby Triangle – could be developed as early as the start of next year. The site, which is the size of approximately 25 football pitches, will soon be home to a new restaurant, pub, retail unit and vehicle showroom, as well as offices and warehouses. Once complete, the development will be home to 3,300 employees.
Multimillion pound iHub opens
Later in October, the first start-ups and small and medium-sized businesses will move into the £12 million iHub in Infinity Park. The facility was funded by the University of Derby, the European Regional Development Fund, Derby City Council and the Regional Growth Fund, and is designed to support smaller firms operating in the aerospace, automotive supply and rail sectors.
Property price outlook
The Land Registry’s House Price Index revealed that, between October 2015 and October 2016, house prices in Derbyshire increased by 6.8%. This is marginally less than the 7.9% increase recorded across the East Midlands as a whole.
On 13 October 2016, The Big Wheel will again offer Derby residents and visitors the chance to see the city centre and beyond from a bird's eye view, when it returns to Market Place. The Ferris wheel will be open from Thursdays to Sundays – and during half term – until 6 November.
What’s more, every third Thursday of the month the Farmers’ Market also takes place on Derby’s Market Place – between 8am and 2pm. Here local businesses showcase all kinds of fresh food, plants and flowers, making it the perfect place to do the weekly shop.