1-bedroom house · DE23 8QB
To rentListed 18 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*Modern Renovation* *All En Suites* *Large TV in Lounge* *Washer and Tumble Dryers* *Three Communal Spaces Kitchens* En-Suite Double Rooms available now, built to top specification.
Premium flooring throughout with three communal dining kitchens complete with ovens, appliances and large fridge freezers!
Located in a popular area just off A511 the En-suite rooms would ideally suit professionals working at Royal Derby Hospital, City Centre, Rolls Royce or those requiring access to the A50, M1 and ring roads.
Bedrooms: Each bedroom comes fully equipped with; double beds and mattresses, double/triple wardrobes, bedside table, chest of draws and en-suite facilities.
Each room has its own individual door yale lock fitted to fire safe doors. Three kitchens have been fitted with integrated ovens, plenty of cupboard and kitchen space for preparing food.
All appliances such as kettle, toaster, microwave and two large fridge freezers are included.
Communal Area: There is a large social communal area just off the kitchen to sit, relax, eat and watch the communal TV.
Bills: - Gas - Electric - Water - Internet/Wi Fi - TV Licence - Council Tax There is secure gated parking on site available for an extra £40 a month.
The deposit is £250 if you can provide a suitable guarantor. With no guarantor it is 5 weeks rent (Deposit is protected by the DPS scheme) Call now to arrange a viewing please quote Portland House.
Application Fee: None. Replacement Key: Charged at cost. The charge will be based on the actual cost of replacing the key or security device, with evidence provided upon request.
Withdrawal from Tenancy: No charge, unless the tenant requests early termination.
In such cases, the tenant may be required to cover the landlord's reasonable costs, which will be disclosed at the time of request. Lockout Call-Out Charges: - During working hours: Charged at cost.
- Out of hours (5:30 PM onwards): Charged at cost by the contractor. Interest on Outstanding Debts: 3% APR above the Bank of England base rate, applicable only if rent is overdue by 14 or more days.
Contract Variation: £50.00 including VAT per person, for changes requested by the tenant. Deposit: - Up to 5 weeks' rent (whichever is less), in accordance with legal limits.
- Reduced deposit for tenants with a UK-based guarantor may be available but will not exceed legal deposit caps.
For more information on the requirements to pass referencing, please contact our office. CMP - CMP009207 PRS - PRS014234
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
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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.
Area
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FAQ
About Portland Street, Derby, Derbyshire, DE23
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