Chesterfield - a great place to live 19th July 2018

Home to the famous crooked spire and located on the edge of the Peak District, Chesterfield is a unique and lively market town full of opportunities.  Chesterfield is already a great place to live, and signs suggest that it’s going to get even better.

We have listed 6 of the top reasons you should buy property now in Chesterfield...

Reason 1 – A market town for all generations

Chesterfield is one of the country’s most up-and-coming towns, defying current trends and remaining buoyant thanks to its array of activities for all generations. 

Chesterfield’s city centre is always full of life from morning until night. The mornings are filled with locals gathering at the famous markets that take place on Market Place, shoppers strolling around the high street shops and others leisurely enjoying coffee breaks in the numerous independent coffee shops around the town. At night, the centre is animated with party goers enjoying drinks out with friends. Chesterfield really is a market town that never stops!

Other attractions in the town include a museum, two theatres, a restored Victorian park and a stadium to watch the home team, Chesterfield FC.

And that’s not all. Its proximity to the Peak District and surrounding countryside makes Chesterfield an ideal base for outdoor lovers who enjoy hiking, mountain biking and climbing. Chesterfield is also 10 miles away from five of the country’s finest stately homes; Chatsworth House, Haddon Hall, Renishaw Hall, Sutton Scarsdale and Bolsover Castle.

Reason 2 – Chesterfield is extremely well-connected

Chesterfield provides its residents with the luxury of living in a quaint market town whilst only being a 40-minute drive or short train ride away from three major cities – Sheffield, Derby and Nottingham.

Trains to Sheffield and Derby take less than 20 minutes and run 3 to 5 times per hour. Trains to Nottingham take just over 30 minutes. Furthermore, from 2033 HS2 will massively improve trains services from Chesterfield to the North and to London. A train to London will take as little as 79 minutes!

Fast train connections and easy access to the M1 make Chesterfield an ideal town for commuters who want to get more for their money. Many of the surrounding city workers have caught onto this ethos, making Chesterfield the most popular town in Derbyshire and increasing the overall demand for property in the area.

Reason 3 –Chesterfield is attracting investment

HS2 is not only going to improve connections from Chesterfield to other parts of the UK, it’s also attracting new investment to the town, making Chesterfield one of the UK’s investment hotspots. Currently over £1 billion of developments are in progress in the Chesterfield area including key developments such as Waterside, Peak Resort and the Northern Gateway scheme.  

Waterside is a £320 million scheme to redevelop the old Trebor factory site into a new community. Once complete the development will comprise of 1,500 modern houses and apartments, Grade A office accommodation as well as shops, cafes and bars around the new canal basin. The development is due to go on-site beginning of 2019.

Another big development is Peak Resort. Set on the 300-acre Birchall Estate, the site is being marketed as the “Gateway to the Great Outdoors” and is set to attract visitors from around the country and abroad. The development will include activity centers, a 4-star hotel and a hostel. The first phase will be completed end of 2020.

The Northern Gateway scheme is the transformation of the old Co-op in the centre of town into a new Premier Inn hotel, a health and fitness centre and seven restaurants and bars. Work is currently underway and the scheme should be completed by winter.

These developments are not only attracting more businesses to Chesterfield, but also encouraging further investment. Consequently, future job prospects in the region are looking very positive as these new developments are set to provide more than 1,000 additional jobs. They are also predicted to bring in thousands of visitors on a weekly basis, fueling the local economy. New jobs and a thriving economy means more demand for housing in the area.

Reason 4 - An investment for the future

A good local economy usually means that house prices perform better than the national average. According to Zoopla, the value of house prices in Chesterfield have risen by an incredible 20.9% over the last 5 years. Despite this, house prices in Chesterfield still remain below the national average and offer great value for money compared to city living. As Chesterfield continues to bloom we can expect house prices to continue to rise over the coming years – making Chesterfield a great area to invest in.

Reason 5 – Chesterfield, a new university town

In 2016, the University of Derby opened a new campus in Chesterfield, bringing in the benefits of a university to the town. Chesterfield is also home to Chesterfield College, a Further Education college with over 10,000 students.

The St Helena’s Derby University Campus, formerly Chesterfield Girls High School, offers courses in healthcare, engineering, IT and business. This year the nursing courses have been ranked 11th in The Guardian University Guide 2019, up 23 places since last year. As the campus continues to grow in popularity and potentially expand, and the college continues to thrive, more students will need to move to Chesterfield, opening up a new student housing market. This could be a great time to consider investing in student housing.

All in all, Chesterfield is a flourishing town full of potential. City commuters, new investments, more students and a prospering job market are all factors creating additional demand for houses in Chesterfield.

This is excellent news for existing home owners who will see their house value increase and landlords renting out property. It also makes it a great time to invest in the housing market in Chesterfield.

For more information on the property market in Chesterfield contact us!


Chesterfield - a great place to live