# 1 bedroom flat for rent (DE1 2DN)

## Property Details

| Key | Value |
|-----|-------|
| Address | Strutt House, 1 Erasmus Drive, Derby, Derbyshire, DE1, DE1 2DN |
| Price | £850 pcm |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | TBC |
| Last sold | £135,500 |

## Description

John Shepherd are thrilled to present this one bedroom UNFURNISHED apartment situated within the popular Nightingale Quarter, near to Derby City Centre, offering great access to transport links and amenities. Available 15/12/2023

Council Tax- A

EPC -B

Benefits of letting through John Shepherd:

• Online application process 

• Tenants insurance products available

• Secure online payments

• No Deposit Option available

• Online property maintenance platform

• Fully staffed high street branches

## Property Photos

- ![Picture No. 02](/listings/photos/143540705/311865) - Picture No. 02
- ![Picture No. 15](/listings/photos/143540705/311866) - Picture No. 15
- ![Picture No. 14](/listings/photos/143540705/311867) - Picture No. 14
- ![Picture No. 12](/listings/photos/143540705/311868) - Picture No. 12
- ![Picture No. 11](/listings/photos/143540705/311869) - Picture No. 11

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/143540705/311870) - EPC Rating Graph

## Rental Range

*ONS Price Index of Private Rents (Derby). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £764/mo
- **Realistic:** £849/mo
- **Optimistic:** £934/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Derby (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £449/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 1 Bed Flat, London Road, DE1 | £1,050/mo | 1 | 0.1 miles | OpenRent |
| [The Nightingale Quarter, 1 Sylvester Close, Derby](http://87.117.209.195:8080/listings/de0b5a7) | £925/mo | 1 | 0.11 miles | Rightmove |
| Studio Flat, Melbourne St, DE1 | £675/mo | 1 | 0.19 miles | OpenRent |
| 1 Bed Flat, Charnwood Street, DE1 | £695/mo | 1 | 0.22 miles | OpenRent |

**Average rent: £836/mo (4 listings)**

## Rent-driven metrics

*Based on OpenRent comparables (median £810/mo).*

- **Gross yield:** 1143.5%
- **Monthly cashflow:** £701/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 3410.9%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)