The Mill: Key Facts

  • Characterful 1892 Mill Conversion
  • Yield of 7.2%
  • Yield increases of 23% over three years
  • No large deposit needed
  • Just 5% at GBP7749 to reserve
  • Then 24 monthly payments of GBP1937
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To access further information regarding our Payment Plans and download the brochure, floorplans and specifications

I agree that by submitting my details I am opting in to be contacted by Prosperity Developments or their appointed selling agents and possibly receive occasional, targeted news and updates from Prosperity Developments.

The Mill
270 Osmaston, Derby DE23 8LD

Osmaston Mill is a characterful selection of luxury apartments located in a prime position in the centre of Derby.

Iconic Mill

A thoughtfully restored 1892 Mill. All the character and heritage of a traditional building, whilst being brand new inside.

Payment Plans

Purchase without the need for a large deposit. 5% down now at GBP7749. Followed by 24 monthly payments of GBP1936. Mortgage on remainder.

Employment

6 minutes to Rolls Royce Global HQ, and 8 minutes to the Royal Derby hospital, plus Bombardier and Toyota, employing 45,000 professionals. Providing high quality, well paid tenants.

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Plans & Specification

Example Apartments

One Bed – Flat 28

  • 4 large traditional windows
  • GBP154,995
  • GBP7749 to reserve
  • GBP1936 per month for 24 months
  • Mortgage on remainder
  • Covered by yield at 7%

Two Bed – Flat 31

  • 5 large traditional windows
  • GBP184,995
  • GBP9249
  • GBP2,313 per month for 24 months
  • Mortgage on remainder
  • Covered by yield at 7%

PROSPERITY WEALTH

Prosperity Developments embody an independent approach to residential and mixed-used developments – with affordable quality at the heart of everything we do. This philosophy continues to shape our work, refined over fifteen years of hands-on experience across schemes of varying sizes.

455 MILLIOn

A residential and commercial portfolio including 46 newbuild and conversion projects with a GDV of over £455m

1 BILLION

We’re on track to deliver over £1 billion of residential property within the next 5 years.

90+

Over 90 strong and all passionate about property; our team work with the very best industry professionals to deliver our projects.

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DERBY
AN ECONOMIC POWERHOUSE

As the biggest rail city in Europe with the likes of Rolls-Royce, Toyota and many other great companies within the city, Derby’s economic performance is amongst the strongest outside of London and the south east.

Since the beginning of the Industrial Revolution, Derby has been a home to innovators and thought leaders. Businesses have always recognised the unique strengths and potential of the UK’s most central city.

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Exceptional Connections

Home to the global headquarters of Rolls Royce, Toyota, Bombardier, and the UK’s largest cluster of rail companies, Derby is the city of choice for businesses wanting to thrive. The city has exceptional connections to local, national and international destinations. It lies at the heart of the UK’s road and rail network which offers direct daily services to London St. Pancras.

Vibrant Community

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.

Locality

The locality is renowned for 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 Mill at Osmaston itself.

WHY DERBY

A friendly city in heart of the England, home to a vibrant cultural scene, diverse restaurants, sustainable living and a fascinating history – all within walking distance.

Adventure is never far away, with wide open spaces and magical dales and peak district waiting to be explored. Derby has established itself as an investment destination whose appeal and strengths in advanced manufacturing and numerous other high-value sectors that continues to support one of the highest rates of average earnings in Britain. A region of employment growth and urban regeneration – forces that will inevitably boost local rental demand, with official forecasts predicting a population rise by around a quarter to 312,000 by 2037.

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Gallery

Why Invest

45,000 jobs

Hosting Rolls-Royce, Bombardier and Toyota, these global companies contribute over 45,000 jobs to Derby’s wider economy.

Rental Growth

Knight Frank predict growth in rents of 23% over the next three years in Derby.

Rising Property Values

Savills predict growth of 18.5% in property prices in the East Midlands from 2024-2027.

Location

270 Osmaston, Derby DE23 8LD
ranked the best place to live in the UK for young people by Totally Money (2023)

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.

Request information now

To access further information regarding our Payment Plans and download the brochure, floorplans and specifications

I agree that by submitting my details I am opting in to be contacted by Prosperity Developments or their appointed selling agents and possibly receive occasional, targeted news and updates from Prosperity Developments.

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