A fully let student accommodation complex in central Derby has been placed on the market, offering a strong income opportunity for investors. Located at 6 Mill Street, the freehold site spans 0.25 acres and comprises 23 one-bedroom apartments arranged across two converted Victorian blocks with a combined floor area of just over 10,000 sq ft.
The property has been refurbished to a high standard, retaining period features while integrating modern layouts and finishes. Several units include mezzanine levels to maximise space, and all residents benefit from secure off-street parking and landscaped communal areas.
Situated within Derby’s established student district, the development is half a mile from the city centre and close to the University of Derby’s main facilities, including the Cavendish and Law Buildings. Its location provides strong rental demand supported by proximity to public transport and local amenities.
The site produces a gross annual income of about £221,460 for the 2025/26 academic year. Offers are being sought in the region of £2.675 million, representing a net initial yield of 7.09% before VAT.
