Derbyshire

Castleward House

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Completion Date

Q1 2025

Status

Complete

Project Type

New Build

Project Location

Derbyshire

Price Range

£175,000

Complete & Tenanted Central Derby Apartments

Castleward House presents a high-quality, city-centre buy-to-let opportunity in the heart of Derby’s Castleward district, offering a completed and fully tenanted residential asset supported by strong economic and regeneration fundamentals. Positioned between Derby Railway Station and Derbion, and forming part of the city’s £3.5 billion regeneration programme, the development combines contemporary design, high-specification interiors and immediate rental income in one of the East Midlands’ fastest growing urban markets.

Key Details

Stylish 1 & 2-Bed Apartments from £175,000
Fully Built & Fully Tenanted – Immediate Income
No Void Period (Income from Day One)
No Lettings or Tenant-Find Fees to Buyer
Prime Location Between Derby Station & Derbion
Many Plots Include Furniture Packs & Allocated Parking

Verta Property Group's Expert Insight

The development is fully built and complete, offering investors immediate access to a finished, income-producing asset in one of the East Midlands’ fastest growing regional cities. With professional tenants already in place, buyers benefit from rental income from day one, removing the typical lease-up period associated with new-build schemes.

Comprising 94 contemporary studio, one and two-bedroom apartments arranged across five storeys, Castleward House combines modern architecture with high-quality interior specification, including integrated kitchens, Porcelanosa-tiled bathrooms and selected plots with furniture and parking. Designed to appeal to young professionals and city renters, the scheme delivers a turnkey residential environment in a prime central setting.

For investors, Castleward House presents a compelling blend of immediate income, established rental demand and long-term growth potential. Apartments are available from £175,000 on 250-year leases, with ICW structural warranty protection in place.

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Central Location

Castleward House is ideally positioned in the heart of Derby’s Castleward district, placing residents within comfortable walking distance of Derby Railway Station, Derbion shopping centre and the city’s principal retail and leisure core. The development sits within the established Castleward Urban Village masterplan, directly connecting the station to the city centre and key employment zones. Excellent rail links provide direct services to London St Pancras in approximately 90 minutes, alongside strong regional connectivity to Birmingham, Nottingham and Manchester, while East Midlands Airport and the wider motorway network are easily accessible.

The location benefits from consistent tenant demand driven by Derby’s expanding professional workforce, global employers including Rolls-Royce, Toyota and Alstom, and continued inward investment. As part of Derby’s £3.5 billion regeneration programme, Castleward represents a focused residential growth area, with infrastructure, public realm improvements and commercial expansion reinforcing long-term rental resilience and capital growth prospects.

The surrounding area combines retail, independent dining, cultural venues and green spaces including the River Derwent, creating a well-balanced urban environment. This blend of connectivity, employment access and everyday convenience makes the location particularly attractive to young professionals, graduates and long-term renters seeking high-quality city-centre living.

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Castleward House is a striking city-centre development in Derby’s emerging Castleward district, positioned between Derby Railway Station and Derbion, the city’s principal retail and leisure destination, and at the heart of a £3.5 billion regeneration programme reshaping the urban core. The development is fully built and complete, offering investors immediate access to a finished, income-producing asset in one of the East Midlands’ fastest growing regional cities. With professional tenants already in place, buyers benefit from rental income from day one, removing the typical lease-up period associated with new-build schemes. Comprising 94 contemporary studio, one and two-bedroom apartments arranged across five storeys, Castleward House combines modern architecture with high-quality interior specification, including integrated kitchens, Porcelanosa-tiled bathrooms and selected plots with furniture and parking. Designed to appeal to young professionals and city renters, the scheme delivers a turnkey residential environment in a prime central setting. For investors, Castleward House presents a compelling blend of immediate income, established rental demand and long-term growth potential. Apartments are available from £175,000 on 250-year leases, with ICW structural warranty protection in place.