Sell My House Fast in Derby

There are lots of reasons why selling a house in Derby is a good idea right now. The property market is booming and while houses are still selling for less than the national average – £194,102 compared to £256,000 – property investors are keen to add property in Derby to their portfolio.

Keep reading to find out why Derby has become so popular for property investors and why they could be keen to snap up your property right now.

Why is Derby Desirable for Property Investors?

Increasing population

Derby’s population is on the rise, which is great news for property investors hoping to make money from the rental market. There are currently over 250,000 people living in the city, and this figure is expected to grow to 270,000 by 2030. Of this number, a whopping 62.7% of people are of working age and 15% are aged between 20 and 30.

University of Derby

The city’s population is bolstered by the University of Derby, which has just under 13,000 full-time students. When a city has a strong university, property investors tend to favour it as a burgeoning student population signals high demand for rental property and a strong workforce full of graduates.

Thriving economy

Historically, Derby is considered to be one of the industrial revolution’s birthplaces and it maintains its close ties to manufacturing and industry today. In fact, the volume of goods and services exported per job surpasses any other city in the country.

Engineering giants like Rolls Royce, Bombardier and Toyota are some of the city’s largest employers, and as many as 43,000 engineers reside and work in the area. The city’s status as a manufacturing hub with lots of fantastic work opportunities attracts students and professionals to the area. This means there is high demand for rental property. What’s more, the city is welcoming more and more businesses, both small and large, national and international, further boosting Derby’s economy.

In terms of wages, employees in Derby enjoy some of the highest weekly wages in the UK. The average weekly wage is £639, much higher than the national average which comes in at £585.

High demand for rental property

Due to the reasons listed above, the demand for rental property is high in Derby which is very attractive to property investors. Residents, students and those who come to work in the city are keen to rent and the majority of rental property costs £250-500 per calendar month. Investors can expect to achieve up to 4.8% rental yield when letting property in Derby.

Sell Your House in Derby Now

The future looks bright for businesses, families, professionals and investors in the city, so if you’re thinking of selling a house in Derby, now is a great time to do so. House prices look set to rise in the coming years, so property investors will be keen to make a deal now.

The local government in Derby is keen to strengthen ties with foreign manufacturing heavyweights, Japan and China, in a bid to attract more foreign investment and new businesses to the city. This means that there are more jobs on the horizon and inevitably, higher house prices and more competition for property.

But it’s not just foreign investment the local authorities are prioritising; billions of pounds have been put aside for a large regeneration programme called the City Centre Masterplan 2030. Through this project, the council aims to create thousands of jobs and build lots more houses. Local businesses have been involved in this project from the get-go, meaning this ambitious plan looks set to seriously boost the local economy and job market.

Selling a House in Derby Fast

There are plenty of reasons why you might want to sell a house in Derby fast. Perhaps you want to move away from the area, or you are selling inherited property. Maybe you need to clear some debt or you simply do not have the time or energy to deal with long property chains and estate agents.

If selling a house in Derby fast is a priority for you, why not sell to a property buyer like Zoom?

Call our friendly team on 0333 880 4362 to find out more about our fee-free and efficient service.