The Mill

Osmaston Road, Derby DE23
Prices From £154,995
SOLD OUT

Investment opportunity

One & Two Bedroom Character Apartments
Osmaston Road, Derby DE23
70 apartments - Approx. 431 sq ft – 764 sq ft
from £154,995
Q4 2025
Flexible staged and monthly payment options available

Prices Starting From

£154,995

Development Overview

Osmaston Mill is a landmark conversion of a historic Victorian mill, delivering 70 character-filled one and two-bedroom apartments within one of Derby’s most distinctive heritage buildings.
Originally the former Metalite Lamp Works, the development blends industrial architecture with contemporary living, preserving original character while creating modern, connected homes suited to both owner-occupiers and buy-to-let investors.

OSMASTON_MILL E-brochure

With exposed brickwork, large heritage windows and industrial design influence, Osmaston Mill offers a unique residential environment within a well-connected and growing city.

Features & Amenities

  • Historic mill conversion with preserved character
  • Contemporary one and two-bedroom apartments
  • Industrial-style architecture and design
  • Modern kitchens with integrated appliances
  • Contemporary bathroom suites and fittings
  • Anti-slip vinyl flooring with carpeted bedrooms
  • Lift access and secure residential building
  • Cycle storage and landscaped surroundings
  • Allocated parking available
  • Designed for modern practical living

Investment Advantages

UNIQUE CHARACTER DEVELOPMENT

Heritage conversions offer strong long-term appeal and tenant demand.

STRONG ECONOMIC LOCATION

Derby is a major UK employment hub driven by advanced manufacturing and global companies.

FLEXIBLE PAYMENT STRUCTURE

Staged and monthly payment options improve accessibility and investor cashflow.

HANDS-OFF INVESTMENT

Optional full management enables passive long-term ownership.

Derby property values forecast to grow 17.5% by 2026

Why Invest In ?

Derby is one of the UK’s most productive cities and a major centre for advanced manufacturing, engineering and rail, home to global companies including Rolls-Royce, Toyota and Bombardier.

The city sits at the heart of the UK transport network with direct rail connections to London, strong road connectivity and growing employment across high-value sectors. Population growth and economic expansion continue to drive housing demand and long-term investment fundamentals.

Derby also offers strong lifestyle appeal with green spaces, cultural venues and proximity to the Peak District National Park.

Location

Osmaston Mill is positioned in Osmaston, Derby, offering access to:

  • Derby City Centre
  • Rolls-Royce & major employment hubs
  • Royal Derby Hospital
  • Derby Train Station (direct London services)
  • Pride Park & business districts
  • University of Derby
  • East Midlands Airport
  • Parks, green spaces and countryside

The development combines heritage character, connectivity and long-term investment fundamentals.

Buy-to-Let Stability

CONSISTENT DEMAND

Employment growth and regeneration continue to support strong tenant demand.

CHARACTER PREMIUM

Heritage and industrial-style developments often attract higher tenant interest and occupancy.

PASSIVE OWNERSHIP

Optional full management enables hands-off investment.

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Osmaston Mill Derby Apartments Brochure Image