# 2 bedroom apartment for rent (DE1 2EL) ## Property Details | Key | Value | |-----|-------| | Address | Erasmus Drive, Derby, DE1 2EL | | Price | £1,050 pcm | | Bedrooms | 2 | | Bathrooms | 2 | | Last sold | £200,000 | ## Description **Zero Deposit Guarantee Available** **SUMMARY** Ashley Adams are pleased to present this two bedroom apartment located on the Nightingale Quarter. The property offers lift access via a secure key fob entry door and is within walking distance to the city centre, with transport links nearby. The open plan living room and kitchen is complete with a range of white gloss units, free standing fridge freezer, integrated washer/dryer, microwave oven, dishwasher, and a hob with an electric oven and extractor hood. Both spacious double bedrooms are complete with grey carpet and sliding mirrored wardrobes in each. This property comes with allocated parking. The property also comes with its own QR code for all user guides, instructions and manuals. Call Ashley Adams to get your viewing booked. **DESCRIPTION** Ashley Adams are pleased to present this two bedroom apartment located on the Nightingale Quarter. The property offers lift access via a secure key fob entry door and is within walking distance to the city centre, with transport links nearby. The open plan living room and kitchen is complete with a range of white gloss units, free standing fridge freezer, integrated washer/dryer, microwave oven, dishwasher, and a hob with an electric oven and extractor hood. Both spacious double bedrooms are complete with grey carpet and sliding mirrored wardrobes in each. This property comes with allocated parking. The property also comes with its own QR code for all user guides, instructions and manuals. Call Ashley Adams to get your viewing booked. While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations. (1) MONEY LAUNDERING REGULATIONS – prospective tenants will be asked to produce identification documentation during the referencing process and we would ask for your co-operation in order that there will be no delay in agreeing a tenancy. (2) These particulars do not constitute part or all of an offer or contract. (3) The text, photographs and plans are for guidance only and are not necessarily comprehensive. (4) Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully to satisfy yourself of their accuracy. (5) You should make your own enquiries regarding the property in respect of things such as furnishings to be included/excluded and what facilities are/are not available. (6) Before you enter into any tenancy for one of the advertised properties, the condition and contents of the property will normally be set out in a tenancy agreement and inventory. Please make sure you carefully read and agree with the tenancy agreement and any inventory provided before signing these documents. ## Property Photos - ![Image](/listings/photos/168837179/222782) - Image - ![Image](/listings/photos/168837179/222783) - Image - ![Image](/listings/photos/168837179/222784) - Image - ![Image](/listings/photos/168837179/222785) - Image - ![Image](/listings/photos/168837179/222786) - Image - ![Image](/listings/photos/168837179/222787) - Image - ![Image](/listings/photos/168837179/222788) - Image - ![Image](/listings/photos/168837179/222789) - Image - ![Image](/listings/photos/168837179/222790) - Image ## EPC Graphs - ![EPC](/listings/photos/168837179/222791) - EPC ## Rental Range *ONS Price Index of Private Rents (Derby). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £767/mo - **Realistic:** £852/mo - **Optimistic:** £937/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Derby (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £593/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 | |------|------|------|------|------| | 2 Bed Flat, Prosperity House, DE1 | £795/mo | 2 | 0.54 miles | OpenRent | **Average rent: £795/mo (1 listing)** ## Rent-driven metrics *Based on OpenRent comparables (median £795/mo).* - **Gross yield:** 908.6% - **Monthly cashflow:** £686/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 2704.9% *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)