1-bedroom house · DE1 2RJ
Let agreedListed 9 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. 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 a double garage for flexible storage options - whether you've got one or two cars, motorcycles, bikes or a hobby that likes to spread out.
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 e to keep outfits organised Contemporary bathroom for singing in the shower or sinking into the tub Covered parking bay 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 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.
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: Who can apply for a Discounted Market Rent home?
Discounted Market Rent homes are available to help eligible households access a quality home at a reduced rent.
You may be eligible if you: Are a keyworker Already live in Derby Do not currently own your own home Have a household income within the required income range Not sure if you qualify?
We’re here to help. Our friendly lettings team can talk you through the criteria and check whether you may be eligible for a Discounted Market Rent home.
We’d encourage you to get in touch — it’s always worth having a conversation. And if you don’t meet the criteria for Discounted Market Rent, don’t worry!
We have a range of other homes available and our team will be happy to help you find a home that’s right for you. This home is available with flatfair's No Deposit solution.
Skip the traditional 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 keeps moving costs down - though please note this fee is non-refundable and can't be used to cover any future damages.
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.
Area
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