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.

About 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 who 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.

Investment Highlights

• Price £190,000
• Completion Q4 2024
• 24 contemporary 1-bedroom apartments
• Leasehold with zero ground rent
• A 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.