Property for sale on Osmaston Road in Derby set in an historic character Mill originally built in 1892 and now being converted to luxury apartments located in a prime position in the centre of Derby, all the character and heritage of a traditional building has been retained whilst being brand new inside homes are made inside in a blend of history and modern living.

All homes at the property have been thoughtfully designed to accommodate the many different aspects of everyday life, from working at home to relaxing and entertaining.

The property is an historic landmark building in the centre of Derby that once was the Metalite Lamp Works built over 120 years ago, now this property is brought back to life offering 70 modern one and two bedroom homes blending tradition with modern living.

Buyers of homes in the property can purchase a home with a small deposit of just 5% followed by 24 monthly payments and then a mortgage on completion of the property.

With exceptional connectivity, a vibrant community, and cultural landmarks, Derby is a sought-after destination for living and working making the property an amazing rental income opportunity for property investors.

The East Midlands and Derby where the property is located has seen the highest rise in rents and house prices in 2022 according to the office of national statistics, this is highlighting the potential of Derby property going forward as well.

Museums, live music, galleries, shops and rugged wilderness – the city of Derby is recognised by many as the perfect place to put down roots. Derby is located in southern Derbyshire and is the county’s only city.

It occupies one of the most central positions in Britain and has excellent connections to Manchester, Nottingham, Sheffield and Birmingham.

Since the beginning of the Industrial Revolution, Derby has been a home to innovators and industrial leaders, businesses have always recognised the unique strengths and potential of the UK’s most central city steeped in business history.

Derby itself has been a hub for industrial pioneers like Rolls-Royce and Toyota showing its economic prowess rivalling London, just 6 minutes from the property to Rolls Royce Global HQ and 8 minutes to the Royal Derby hospital plus Bombardier and Toyota, employing 45,000 professionals owners have a massive pool of potential tenants to benefit from.

A vibrant community of independent shops, cosy pubs, award winning restaurants, bars, cafes, and bistros, all located at the gateway to the Peak District – providing an outstanding place to live and work, Derby has a host of cultural, sporting and leisure gems. 

The Royal Derby Hospital, opened by the Queen in 2010, a state of the art medical facility with 1,159 beds and over 3,000 employees, less than 2 miles from the property itself.