1-bedroom flat · DE21 4LU
Listing removedListed 185 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Reference: 2871347. One bedroom flat with Secure off road parking- Morley Mews, 20 Wood Rd, Chaddesden, Derby DE21. Rent £690 pcm payable monthly in advance. No deposit.
Shorthold tenancy agreement. 01.05.26 The apartment is split level, with the bathroom, and an open plan kitchen and living room on the first floor and the bedroom on the second floor.
The apartment has a fitted kitchen with a gas hob and electric oven. There is plumbing for a washing machine. The bathroom has a bath with a shower.
Gas central heating is provided by a Combi (heat & hot water on demand) boiler, which combined with a very well insulted apartment results in low heating costs.
Intercom and electronically operated gates are in place for security and provide secure parking. The apartment is unfurnished. Bills and council tax are not included.
The property is in council tax band A. EPC/C No deposit or admin fees. Housing Benefits / DSS is excepted. Housing Benefit claimants are accepted but the terms remain the same, i.e.
You need to pay the rent monthly in advance while you wait for the benefit cheque to be sent to you. Direct payments from Housing Benefit are not accepted.
There is no need for the bond scheme as no deposit is required. All applicants must provide a guarantor regardless of your income and circumstances.
The guarantor (normally a family member or close friend) must own property and pass a credit check.
They take full responsibly for the rent if there is a problem, so they must know you well and trust you.The guarantor needs to own their own property, be able to pass a credit check and be working earning around £20,000 a year.
If they are not working they need have savings of around £3,000. The property they own must be in England and have a Land Registry Tittle, i.e. Be a house or a flat not a mobile or park home etc.
If the guarantor owns their property jointly with someone else the other owner of the property must also sign as your guarantor.
Both guarantors don't need to meet all of the criteria though just one of them has to. No Pets Allowed.
Summary & Exclusions: - Rent Amount: £690.00 per month (£159.23 per week) - Deposit / Bond: £0.00 - 1 Bedrooms - 1 Bathrooms - Property comes unfurnished - Available to move in from 01 May 2026 - Minimum tenancy term is 12 months - Maximum number of tenants is 2 - DSS enquiries welcome - Students welcome to enquire - Pets considered / by arrangement - Smokers considered - Family Friendly - Bills not included - No Parking Available - No Garden Access - EPC Rating: C If calling, please quote reference: 2871347 Fees: You will not be charged any admin fees.
** Contact today to book a viewing and have the landlord show you round! ** Request Details form responded to 24/7, with phone bookings available 9am-9pm, 7 days a week.
OpenRent endeavours to make all property particulars as accurate and reliable as possible, however if you require any further clarification or information please contact us.
When applying for a tenancy using the Rent Now process, you will be required to pay one month's rent and any deposit before moving in.
This will be paid to OpenRent and released to the landlord once you have moved in. With OpenRent there are no administration fees to pay.
Property Reference two million eight hundred and seventy-one thousand three hundred and forty-seven
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 advisers 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.
Area
Agent & docs
FAQ
About Flat Morley Mews, Wood Road, Derby
Explore nearby