Summary - FIELD HOUSE, 90, UTTOXETER OLD ROAD DE1 1NH
1 bed 1 bath Land
Outline consent for 89 apartments near University — large site with redevelopment potential.
Freehold 0.93-acre site in University Quarter
A rare freehold redevelopment site in Derby’s University Quarter, extending to 0.93 acres with outline planning granted for up to 89 apartments (application 22/00342/OUT, granted 26 April 2024). The site currently houses three office buildings totalling 21,207 sq ft and includes substantial paved areas and vehicle access, offering a clear route to demolition and rebuild. Indicative proposals show 40 x 1-bed and 49 x 2-bed apartments with 38 parking spaces.
This opportunity suits developers and investors targeting student and young-professional rental demand close to campus. The site’s scale and existing buildings give scope for conversion or full redevelopment; fast broadband and excellent mobile signal support contemporary build standards and flexible apartment layouts. Outline consent significantly de-risks the planning stage, speeding transition to detailed design and construction.
Buyers should note material considerations: the scheme reduces current parking (64 existing to 38 proposed), the office buildings will require demolition and site clearance, and the surrounding area records high crime and relative deprivation — factors that may influence specification, security costs, and rental values. Prospective purchasers should undertake their own technical, contamination, and market due diligence before exchange.
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