Employment investment
£9bn
Rolls-Royce's eight-year Unity contract with the UK Ministry of Defence, announced January 2025.
Cathedral One, Derby
A new perspective on Derby
New build apartments on Full Street in Derby's Cathedral Quarter, beside Cathedral Green and the River Derwent. Studios from £168,000, with one and two-bedroom homes in the current release.
- Residences
- 195
- Storeys
- 9
- Year lease
- 999
- Target completion
- Q1 2029
CGI is indicative. Price snapshot: 7 October 2026. Page reviewed 7 October 2026. Completion and specification remain subject to contract.
The development
New apartments at the water's edge
Cathedral One brings 195 residences to Full Street in Derby's Cathedral Quarter. The nine-storey scheme by Wavensmere Homes sits beside the River Derwent and Cathedral Green, with studios, one and two-bedroom apartments and selected duplex layouts.
The proposition is specific: a central waterside setting, contemporary homes, and residents' amenities within an established city neighbourhood. Apartment aspect, floor level and usable space deserve as much attention as the headline price.
- Developer
- Wavensmere
- Cathedral Quarter
- Full Street
- Current apartment release
- Studio to 2-bed
- Purchase stage
- Off-plan
Why Derby
A city built on expertise
Engineering, advanced manufacturing and city-centre regeneration provide the context for Derby's housing market. These are demand drivers to investigate, alongside local rents, competing supply and the selected apartment's costs.
City-centre renewal
£200m
The wider Becketwell regeneration scheme, a separate city-centre project.
The setting
DE1
Cathedral Quarter: an established city-centre location beside the River Derwent.
IGA approach
Choose the apartment on its own merits, within the wider city story.
A skilled employment base
Rolls-Royce, Toyota and rail engineering shape the wider Derby economy. A central apartment can appeal to working residents, but employer investment does not guarantee a particular rent or occupancy level.
Regeneration with substance
Becketwell, the Market Hall and public-realm improvements add to the city-centre offer. Track what has opened, what is being built and what remains proposed.
A distinctive neighbourhood
Cathedral Green, the Museum of Making and the riverside give this address a recognisable setting. For a tenant, everyday convenience matters alongside the view.
Sources: Rolls-Royce, Derby City Council. These city-level facts are not a forecast of Cathedral One returns.
Location & connectivity
Derby's Cathedral Quarter
Full Street puts residents beside the green, the river and Derby's historic centre. The brochure's indicative walking times make the everyday setting easy to understand.
Derby QUAD3 min walk
Market Hall4 min walk
Museum & Art Gallery8 min walk
Derbion shopping centre13 min walk
Indicative factsheet walking times, not a live route service. Derby railway station is approximately 1.1 miles away in the factsheet; allow for the chosen route.
Explore the neighbourhood
The resident proposition
Designed around everyday life
Residents' gym
A dedicated gym within the building, planned for residents' use.
Lounge & entrance foyer
Shared space that gives arrival and everyday living a considered setting.
A café on Full Street
A ground-floor café proposed with direct street access, connecting the building to its neighbourhood.
Explore the apartment specification
Handleless kitchens with integrated appliances and laminated worktops. Contemporary bathroom suites, large-format tiles and concealed cisterns.
Sliding mirrored wardrobes, window blinds, luxury vinyl flooring in living spaces and bathrooms, and carpets in bedrooms. Mechanical ventilation with heat recovery is listed in the specification.
Per the developer specification. Named brands allow equivalents; final details remain subject to contract. CGI furnishings and views are illustrative.
Gallery
Inside Cathedral One
1 / 12
Developer CGI and montages are indicative. Apartment finishes, layouts, outlook and furnishings depend on the selected plot and final specification.
Apartments & floorplans
Apartments & floorplans
Compare four representative layouts from the developer plans, then request the exact plot and orientation. The selectors use the current release's areas and entry prices.
Type C2
Studio
An efficient open-plan layout with a separate bathroom and integrated kitchen.
- Internal area
- 335.4 sq ft
- 31.2 sq m
- Release price from
- £168,000
Representative developer plans. Areas and layouts vary by plot. Prices refer to the 7 October 2026 release sheet and remain subject to availability and written terms. Floorplan labels round areas to whole square feet.
Type A9
One bedroom
A separate bedroom and compact living space. The entry-priced one-bedroom type in the current release.
- Internal area
- 389.1 sq ft
- 36.1 sq m
- Release price from
- £185,000
Representative developer plans. Areas and layouts vary by plot. Prices refer to the 7 October 2026 release sheet and remain subject to availability and written terms. Floorplan labels round areas to whole square feet.
Type A8
Larger one bedroom
More living space within the one-bedroom collection. Compare the extra floor area with the higher purchase cost.
- Internal area
- 518.2 sq ft
- 48.1 sq m
- Release price from
- £224,000
Representative developer plans. Areas and layouts vary by plot. Prices refer to the 7 October 2026 release sheet and remain subject to availability and written terms. Floorplan labels round areas to whole square feet.
Type B4
Two bedrooms
Two separate bedrooms with open-plan living. Confirm the bathroom arrangement and orientation for the selected plot.
- Internal area
- 616.9 sq ft
- 57.3 sq m
- Release price from
- £277,000
Representative developer plans. Areas and layouts vary by plot. Prices refer to the 7 October 2026 release sheet and remain subject to availability and written terms. Floorplan labels round areas to whole square feet.
Investment case
Explore buy-to-let income
A gross yield tells only part of the story. Adjust rent and running costs to see the remaining income, then add an interest-only mortgage to test sensitivity. Every assumption is visible. Rental income can begin only after completion and letting; anticipated completion is Q1 2029, subject to contract.
Scheduled gross yield
6.49%
Before vacancy and costs
Remaining income
£673
Monthly equivalent, before tax
Where £12,000 of scheduled annual rent goes
- Unlet period
- £1,000
- Management
- £1,320
- Service charge
- £1,100
- Maintenance reserve
- £500
- Remaining income
- £8,080
Illustration only, in GBP. Rent and costs are editable assumptions, not a rental valuation or a forecast. The starting service-charge budget is a rounded illustration; request the selected plot's budget. Excludes purchase taxes and fees, income tax, insurance not covered by the service charge, letting or renewal fees, and any other costs. Mortgage terms are illustrative and subject to eligibility. No capital growth is assumed. Remaining income is not a total investment return.
For the wider framework on net income, ownership and risk, read our UK property investment guide.
Purchase stages
A clear path to completion
- £5,000Reservation payment, credited towards the exchange stage.
- 10%On exchange, less the reservation payment already made.
- Further 10%Six months after exchange, per the current fact-find.
- BalanceOn completion. Anticipated Q1 2029, subject to contract.
Current fact-find schedule. Confirm the selected reservation, contract dates and deposit protections with your solicitor.
Tenure
999-year lease
Review the lease obligations, restrictions and ownership terms.
Service charge estimate
£2.38 / sq ft / year
Request the plot-specific budget. The estimate is not a fixed future charge.
Before reserving
Review the full cost
Include purchase taxes, legal fees, financing, running costs and the construction timetable.
Buying from overseas? Our guide to buying UK property from overseas explains the purchase process, ownership and costs.
Off-plan purchases carry construction, timing and counterparty risks. Values and rental income can fall as well as rise. Mortgage availability at completion is not guaranteed.
About IGA Global
Advisory first, always
The city story opens the conversation. The apartment numbers determine the shortlist.
IGA Global is a boutique international property advisory. We compare the units, their practical appeal and the rental assumptions against your budget and objectives, with support from the initial shortlist through to completion.
- Unit-level selection, with the assumptions explained
- Income-focused analysis of costs and rental fundamentals
- One point of contact from enquiry to completion
- Introductions to appropriate independent professional advisers
Your questions
The details that matter
Where is Cathedral One?
Cathedral One is on Full Street in Derby's Cathedral Quarter, beside Cathedral Green and the River Derwent. The development address is Full Street, Derby, DE1 3AF.
What are the current starting prices?
The release sheet dated 7 October 2026 lists studios from £168,000, one-bedroom apartments from £185,000 and two-bedroom apartments from £277,000. These are a dated snapshot, subject to availability and written terms. Any solicitor-related incentive requires confirmation for the selected transaction.
When is completion expected?
The current fact-find records an anticipated completion of Q1 2029. The developer's public site also gives 2029. This is a target, subject to construction progress and the contract, rather than a guaranteed completion date.
What is the tenure and payment structure?
The fact-find records a 999-year lease. Its purchase schedule is £5,000 on reservation, 10% on exchange less the reservation payment, a further 10% six months later, and the balance on completion. Confirm the lease, reservation conditions, payment dates and deposit protections with your solicitor.
What service charge should I budget for?
The fact-find quotes an estimate of £2.38 per square foot per year. Carters' April 2026 budget allocates costs plot by plot, so the applicable amount can differ. Request the specific apartment's current budget and check what is included. Charges can change.
Are rental returns guaranteed?
No. The page's income explorer uses editable assumptions to show how vacancy, management, service charges, maintenance and mortgage interest affect income. It is not a rental valuation, a guaranteed return or a forecast of capital growth.
Does every apartment have parking or outdoor space?
No. The current fact-find does not include private parking. Balconies and terraces are available only on selected layouts; the current release's entry-priced examples have neither. Confirm the specific plot's aspect, outdoor space and any parking arrangement before reserving.
Pricing & availability
Apartment prices & availability
Share your budget and objectives to receive the current price list, selected floorplans and a unit-level discussion. The figures below are the release snapshot dated 7 October 2026, subject to availability and written terms.
Studio
£168,000
From / 335.4-350.2 sq ft
Compact open-plan homes, with a separate bathroom.
One bedroom
£185,000
From / 389.1-518.2 sq ft
A separate bedroom, with several living-space configurations.
Two bedrooms
£277,000
From / 616.9 sq ft
Type B4 is the two-bedroom layout shown in the current release.
Images illustrate the development's interior style and are not necessarily the apartment type shown. Brochure ranges cover the wider development; the above areas refer to the current release. Any additional solicitor-related deduction must be confirmed for the specific transaction.
Your next step
A closer look at the numbers
Tell us what you want your next property to achieve. We will help you compare the available apartments, the rental assumptions and the full purchase costs.
Your enquiry is handled under our privacy policy. Capital is at risk. Returns are not guaranteed. IGA Global does not provide regulated financial, tax, mortgage or legal advice.