Summary - DIRECT HELP AND ADVICE, PHOENIX STREET DE1 2ER
1 bed 1 bath Residential Development
Large consented city-centre development ideal for income-focused investors.
Planning consent implemented for 202 apartments (117 one-bed, 85 two-bed)
Freehold site 0.72 acre with associated parking and landscaping consent
Located 5-minute walk to Derby city centre, excellent public transport links
Part of Derby Riverside masterplan; riverside public realm planned in 5–10 years
Current short-term licence income £4,500 per calendar month
Medium flood risk; insurance and mitigation costs likely
Very high recorded crime and very deprived local area — operational challenge
Limited private garden space; external communal amenity is small-to-average
A materially consented residential development opportunity at The Landmark, positioned on the edge of Derby city centre with direct access to public transport and city amenities. Planning permission is implemented for 202 apartments (117 one-bed, 85 two-bed) across a high-rise-led scheme, designed to meet strong demand for one-person households and urban renters. The site benefits from freehold tenure and a short-term licence to occupy that currently provides £4,500 per calendar month income.
The wider Derby Riverside masterplan aims to transform the riverside with new public realm and a riverside park, which would increase prominence and long-term appeal; projections for delivery are within five to ten years. The consented scheme includes resident amenities (gym, concierge, residents’ lounge, guest suite and coffee area) and associated parking, servicing and landscaping, making it suitable for build-to-rent or sale-flat investors.
Buyers should note material location considerations: the property sits in a very deprived area with a very high recorded crime level and a local classification as a cosmopolitan student neighbourhood. Flooding risk is medium and the immediate external communal amenity and private garden space is limited. These factors may influence operating costs, insurance and management requirements, and should be factored into underwriting and repositioning plans.
Overall this is a large-scale, city-centre residential development with implemented planning consent and immediate delivery potential for an investor or developer able to manage urban operational challenges and capitalise on the riverside regeneration over the medium term.
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