South Side Ilkeston

South Side are contemporary apartments ideally placed in the commuter zone of two major cities – Derby and Nottingham. It offers an estimated 6.8% net rental return with prices from £86,995.

HIGHLIGHTS

  • Estimated 6.8% net rental return
  • Q3 2019 completion date
  • Offering prices from £86,995
  • Located in the commuter zone for Nottingham and Derby

INTRODUCTION

South Side development will comprise one and two bed luxury apartments across three phases, offering a host of shops, bars and restaurants within walking distance, as well as sporting facilities including an 18 hole golf course.

OVERVIEW

Southside is in the centre of England between Nottingham and Derby, Ilkeston is located at Junction 25 of the M1 motorway. Ilkeston town has become a key location for corporate tenants and professionals from local employers Rolls Royce, Tarmac, Toyota & Bombardier. All homes will offer contemporary open plan living and dining space with oversized windows (where possible) ensuring maximum natural light. With hardwood veneer floors and stainless steel sockets throughout these high grade specifications combined with custom built kitchens integral appliances and stylish bathroom designs come as standard for prosperity clients, offering a home with style, luxury and comfort. Offering an estimated net rental return of 6.8% and being within commuting distance of Derby, a city which has had £3.7 billion invested in it since 2005, South Side presents a unique investment opportunity

PAYMENT STRUCTURE

Payment plan 1:

  • Pay a 5% initial payment towards your deposit plus £850 legal fees.
  • Your deposit is then divided by the number of build term months and paid on a monthly basis.

Payment plan 2:

  • Pay 6 payments of 15.8% across the scheduled build period
  • At build completion you can either retain the property and receive the rental income for life, or look to sell the property in the open market.

WHY INVEST… ?

Why Invest in Derby? With Ilkeston being only 10 miles away from Derby, it is placed well within the commuter zone of the UK's most central city. Derby's strategic location has earned it a place in the 'Top 25 European Cities Overall', alongside major cities such as London (1st) Berlin (8th) and Paris (16th.) It was one of only 8 UK cities to make the list. Significant regeneration, close proximity to Nottingham and a thriving social and cultural scene all make it a key contender for students, commuters and young families – all migrating to a region offering entertainment, culture, great shopping and highly regarded secondary and grammar schools. Derby has a rising population of 250,000, yet the 25-34 year old sector has seen the most significant growth. More young professionals than ever are moving to the region, drawn by attractive job prospects and affordable living. Automotive powerhouses such as Rolls-Royce and Toyota have long since made their home in Derby, also attracting high numbers of engineering students to live and study in the area. The University of Derby is more than equipped, ranked the UK's second most recommended modern university in the International Student Barometer 2016 and its International Student Centre, fifth across the world. Home to over 26,000 students, the city delivers a thriving social and cultural scene to this buoyant, youthful population.

FINANCIALS

On a £86,995 investment, South Side offers an estimated £492.97 PCM that will be guaranteed by the developer for first year. This equates to an estimated £5,915.66 p/a.

 

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