Cathedral One in Derby

Cathedral One stands on Cathedral Green at the edge of the River Derwent, placing contemporary homes within one of Derby’s most significant historic settings. The development delivers 195 studio, one bedroom and two bedroom apartments arranged within modern architecture that opens out to long views of Derby Cathedral, the river corridor and the surrounding public realm. Its position on Full Street brings immediate access to the city’s cultural and commercial core, while also connecting to the wider waterfront regeneration now underway.

Homes are shaped around practical, well proportioned layouts, with private balconies or shared rooftop terraces available on selected apartments. Internal specifications follow a clean, modern palette suited to long term occupation. The scheme has been planned to support everyday urban living, with its central location, waterside outlook and proximity to major employers strengthening its rental appeal.

Residents have access to on site amenities including a gym, co working areas, concierge service and a café. Derby Train Station can be reached on foot, offering direct routes to Nottingham, Birmingham and London, and the wider city centre sits only moments away.

An estimated gross yield of 6.5 percent is based on current advertised rents for comparable central Derby stock. A 999 year lease and zero ground rent provide a straightforward tenure structure.

Key Facts

• Prices from £167,000
• Studio, 1 and 2 bedroom apartments
• Waterside central location
• Up to 7% AST yield
• 999 year lease
• 20% payable on exchange
• Excellent transport links

Why Choose This Area?

Derby’s position at the geographic centre of the UK gives it an unusual level of reach, with a resident population of around 261,000 and a further 2.1 million people living within a 45 minute radius. This depth of population supports a stable labour market, and around 40 percent of the local workforce is employed in professional roles, creating steady demand for well located rental homes. The city’s recent second place ranking in the UK Powerhouse City Growth Tracker report, positioned between Cambridge and Oxford, reflects the scale of its economic momentum.

Derby has long been an international base for the aerospace, automotive and rail sectors, anchored by global employers that continue to draw skilled workers into the area. Forecasts indicating more than 10,000 additional jobs by 2030 point to continued pressure on housing in and around the city centre, particularly for modern, energy efficient apartments within walking distance of employment clusters, transport and amenities.

The wider setting also strengthens the case for long term investment. The Peak District sits just beyond the city boundary, drawing visitors year round and adding to Derby’s lifestyle appeal. Its protected landscapes limit new development, supporting both tourism driven stays and the long term value of existing residential stock within the city and its immediate urban fringe.