MacArthur House is a stunning collection of 118 apartments, part of the Nightingale neighbour regeneration scheme, nestled in the heart of Derby’s bustling centre. Nightingale Quarter is a truly unique development, incorporating 925 city centre homes including six acres of green open space, parkland and gardens. It’s easy to forget that you are so centrally located.

Derby itself is a city putting itself on the map, with some of the highest employment rates in the country, with companies like Toyota, Rolls Royce and Bombardier leading the way in the cities’ advanced manufacturing sector.

The Nightingale Quarter is one of the largest city centre regeneration sites in the UK, covering more than 18.5 acres. The development has been sympathetically designed to incorporate the iconic Victorian “Pepper Pot” buildings, which will remain on site as a permanent reminder of the heritage of the development. Pepper Pot North will become the hub of the community with a cafe and eatery at its heart. Pepper Pot South, will be transformed into a community gym to be enjoyed by all.

An Introduction to Derby

Derby is the UK’s most central city boasting 254,000 residents with a further 2.1 million people living within a 45-minute radius. The city recently ranked second in the UK Powerhouse City Growth Tracker report, sitting between Cambridge and Oxford. Derby is an international hub for the aerospace, automotive and rail industries. The world headquarters for Rolls-Royce Civil Aerospace is located in the city, together with Bombardier’s UK transport division. Toyota’s principal UK manufacturing plant is also based in Derbyshire. These three companies employ over 20,000 people locally, with many more employed by companies that form a part of their extensive supply chains


Boasting a wealth of cultural and entertainment venues, the city of Derby enjoys a distinctive and colourful ambience. The Derby Museum & Art Gallery, located on the gorgeous Strand, is home to a charming and varied range of internationally significant collections, whilst The Silk Mill Museum, located on the banks of the River Derwent, displays fascinating items from Derby’s rich industrial heritage. Market Place now hosts QUAD, a modern cinema, gallery, café bar and workshop venue, while the nearby Guildhall Theatre continues to offer intimate live theatre and musical performances throughout the year. Derby Cathedral runs an annual programme of services, concerts and events, with the wider Cathedral Quarter playing host to CQ Saturdays, as well as the Derby Comedy Festival, Derby Feste and Derby Folk Festival. Beyond Derby, a number of music festivals take place across the region every year, including the Y Not Festival.

Useful Information

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MacArthur House
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Development Facts


MacArthur House, Nightingale Quarter


22 Erasmus Dr, Derby DE1 2DL


Wavensmere Homes


Opulent Lettings and Management 
(10% fully managed)


6% Gross


7 Storeys


Q4 2024




£0 per annum




7 minutes from Derby Train Station 
where you can reach London St Pancras in just 1 hour 30mins.


22 Available Apartments


  • £2,000 reservation fee

  • 20% on exchange (minus reservation fee)

  • 80% Balance on Completion



Investment Highlights

  • Price £190,000
  • Completion Q4 202424 contemporary 1-bedroom apartments
  • Leasehold with zero ground rent
  • Service charge of approx. £2.22 per sq ft
  • 6% rental yield projection could be higher upon completion
  • Derby is the centre of England, most other cities are under a 3-hour drive away
  • Derby has the highest average yield of any East Midlands city.
  • Second fastest growing regional economy in the UK
  • Population is expected to grow by 9.45% by 2028.21,000 new jobs to be created
  • £2 billion worth of regeneration in the pipeline for the city centre.
  • One of the fastest growing areas for house prices in the country, but still affordable.
  • Big regeneration area, lots of money being spent on the city centre and this particular development which will in turn attract more investment.
  • Lots of businesses within close proximity of the development to drive long-term rental demand.  

Honest Opinion

MacArthur House is an exciting investment opportunity right in the heart of Derby. Located a stones throw from all of the major city centre attractions, this development is in an enviable location and will be prime to attract professional renters who work within the city. Part of the wider Nightingale regeneration project, the rejuvenation of the corner of the city will be one of the most desirable places in the city to live and draw in people to this area. With prices starting from £190,000, compared to London a similar size property so close to the centre would cost in the region of £700,000, over 3 times the price. The projected rental yield for the units was estimated before the recent rise in rents across the UK, so there is every chance that this could be higher come completion next year.


Derby itself has one of the best investment cases in country. With predicted 17.5% growth over the next 4 years, following on from a 206% growth over the past 20 years, Derby’s market is set to increase at a rapid pace. Built on a strong economic foundation of advanced manufacturing, there is no reason why the expanding Derby population and economy won’t put further upward pressure on house prices.


On the whole, this is an ideal investment for someone looking for a low entry-point property in a great area with a strong investment case.

This Property is
TPS Ready!


If you invest in this property, Opulent with its very own dedicated nationwide lettings and management company will help ensure you receive an effortless letting experience built on its thorough tenant management process, dedication to compliance, and expert market knowledge. We take the stress out of property maintenance by proactively overseeing repairs, renovations, and routine inspections. Our streamlined reporting system ensures you are always kept informed of how well your property investment is performing and help you achieve the claimed returns on your investments effortlessly. What’s more we will even help you dispose of your property to another investor when the time comes to exit.

Experience the power of simplicity and efficiency in property investment with our Total Property Investment Solution.

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