1-bedroom house
To rentListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Our Discounted Market Rent homes combine affordability with the same high-quality service, modern finishes, and lifestyle experience as our standard market apartments and homes.
You'll enjoy all the benefits of a Placefirst home, in a vibrant, welcoming community.
To be eligible, you must be an existing resident of Derby and work within Derby in a key role, such as health, education, emergency services, local authority, or essential community services.
Your household income must fall within the affordability range, your home must be your main residence, and your household size should be suitable for the property.
Ground-floor homes are prioritised for mobility needs or families with young children.
If you meet the criteria provided below and can provide the required referencing evidence, please enquire today and our friendly leasing team will be in touch.
Summary Join a growing new community in the heart of Derby and make this perfectly proportioned, affordable 1 bed home yours.
Close to everything you need to make the most of city life, take out a flexible tenancy and stay as long as you need.
Our Discounted Market Rent homes provide the same high-quality service and lifestyle experience as our standard market apartments and homes, offering an affordable rental option for eligible Derby residents and key workers.
Key features: Brand-new, energy-efficient home Pet-friendly to welcome the whole family One covered car parking space Open-plan living area with Juliet balcony flatfair's Nil Deposit solution available Rolling tenancies Resident services team and 24/7 emergency support Central location within walking distance of city centre, station and hospital Affordable monthly rent under the discounted market rent scheme (dmr) Discount Market Rent Our Discounted Market Rent homes combine affordability with the same high-quality service, modern finishes, and lifestyle experience as our standard market apartments and homes.
You'll enjoy all the benefits of a Placefirst home, in a vibrant, welcoming community.
To be eligible, you must be an existing resident of Derby and work within Derby in a key role, such as health, education, emergency services, local authority, or essential community services.
Your household income must fall within the affordability range, your home must be your main residence, and your household size should be suitable for the property.
Ground-floor homes are prioritised for mobility needs or families with young children.
If you meet the criteria provided below and can provide the required referencing evidence, please enquire today and our friendly leasing team will be in touch.
Description Come home to Castleward Place and settle down in this stylish pet-friendly 1 bed home.
Perfect for downsizers, couples or solo living, it’s brand-new and comes with one covered car parking space for your car, motorcycle or bike.
Upstairs you'll find a welcoming open-plan living room and dining kitchen with Juliet balcony alongside a bright airy double bedroom.
You'll be a short stroll away from Derbion and its huge range of shops and restaurants, as well as peaceful riverside walks, Derby station and the hospital.
For commuters, the M1 is just ten miles away to reach towns and cities across the region.
Take your pick from two major supermarkets within walking distance, along with a gym and inspiring green space for exercise and relaxation.
Our resident services team is on hand to provide support, share local knowledge and help you feel at home from day one.
Available at a discounted market rent, take out a flexible tenancy and relax into your new home.
A snapshot of your new home: Type: 1 bed Yarrow house Location: Castleward, Derby Energy-efficient: EPC rating B Your new home has: Generous open-plan living area for chilling out and catching up Dining area for quick breakfasts, leisurely lunches and evening meals Stylish kitchen with sleek units and reliable integrated appliances Double bedroom with space to keep outfits organised Contemporary bathroom for singing in the shower or sinking into the tub One covered car parking space for your car, bike or motorcycle Additional storage room to the ground floor for extra flexibility You'll also enjoy: Quick walking access to Derbion shopping centre and Derby train station Neighbouring green space alongside the River Derwent Dedicated resident services team on hand to support you Residents' app The reassurance of a professional landlord important - This home is offered as part of the Discounted Market Rent scheme on this development.
As such there is an eligibility criteria that must be met and is as follows: Criteria for discounted market rent homes: All applications are based on minimum household affordability of 30 x the monthly rent payment up to a maximum of 36 x the monthly rent.
If the applicant has historic or current credit issues such as CCJs, IVAs and bankruptcy then these must be disclosed before a holding deposit is paid so we can establish whether you are likely to be accepted for tenancy.
All applicants over the age of 18 are referenced through Let Alliance against a criteria agreed with the landlord and will include proof of identification, proof of residence, credit check, right to rent check.
All applications are subject to contract. This property must be the applicants main residence.
In addition applicant must fulfil the following criteria: - Keyworker Criteria - a household with at least one individual in employment that is employed in the keyworker sector.
- Local Connection - a household that currently resides in the following postcode areas DE1, DE3, DE21, DE22, DE23, DE24, DE65, DE72, DE73, DE74 and DE99 Evidence of the above will be required before a tenancy is agreed.
Nil Deposit option available This home is available with flatfair's Nil Deposit solution. Skip the traditional tenancy deposit and pay a one-off check-in fee equal to 28% of one month's rent (+VAT).
It's a simple upfront alternative that can help reduce moving costs. Please note this fee is non-refundable and cannot be used to cover any future damages. Who's my landlord?
Renting with Placefirst means stability, service and no surprises. Our homes come with rolling tenancies, giving you the flexibility to rent for as long as you need.
We're a pet-friendly landlord with a dedicated resident services team, access to in-house maintenance support and emergency assistance when required.
One thing to bear in mind: Images are representative of the quality and finish of our homes. We recommend arranging a viewing to see the exact property type and layout available.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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