Derby Property Management

Although classed as one of the smaller cities in the UK, Derby has become an increasingly popular magnet for buy-to-let investors. And of course as the demand for rental property increases, so does the demand for Derby property management.

At Monkey vs Owl we are property management experts with particular in-depth knowledge of Derby and the surrounding areas. As a dynamic and progressive company, we quickly realised that many of the traditional letting agency and property management services available locally were if anything, doing landlords a disservice rather than boosting and supporting them.

We realised it was time inject some innovation into what has become a tired and stagnant system and hand back some choice and some cost-savings to landlords in the private rental sector.

Monkey vs Owl – innovative property management in Derby and surrounding areas

With a wide range of property management agencies in Derby what makes Monkey vs Owl stand out from the crowd?

• We charge no commissions
• We allow landlords to choose what aspects of their rental management they wish to retain and provide the tools for them to do it
• We offer modular pricing on individual or tailored packages of property management services
• We have developed an online platform backed by mobile apps for all devices to enhance property management, tenant communication and provide tools to assist landlords in streamlined, self-managed rental property administration
• We offer dynamic and targeted marketing to match landlords with their target market
• We provide full and totally professional property management services if required
• We have a long history of integration with the student rental sector. We understand what students need from their tenancy and how best to manage the process.

The MOVO complete package

At the very heart of our system is an online platform supported by mobile Apps accessible for landlords and their tenants. Maintaining a good channel of communication is the key to building a successful relationship between landlords and their tenants and prevents any of the normal frustrations from arising. The platform also provides the means for landlords to save money by self-managing aspects of rental management that a traditional one-size-fits-all agency might charge for.

The MOVO Platform and mobile apps

So now let's take a deeper dive into what makes Derby property investment an attractive consideration for property investors.

Why should you invest in property in Derby?

• Location: Derby is nestled within the heart of England. With great transport links coming by way of proximity to the A50, the A38 and the M1 as well as the East Midlands Airport, commuters, businesses and international freight are well served. Derby also presents easy access to the peak district and other areas of outstanding natural beauty.
• Population: With around a quarter of a million permanent residents swelled annually by an influx of students coming to Derby University, population growth estimates anticipate that there will be an increase of around 25% to 315,000 by 2038.
• Investment in Regeneration: Millions of pounds in regeneration funding has already been invested in recent years and with the incoming Derby City Masterplan 2030, it is expected that a leveraged £3.5billion will eventually be allocated to the city. New city homes, businesses, 4000 new jobs and what the Council describes a “virtuous circle of vibrancy and economic growth” are all anticipated outcomes. The £200 million Becketwell scheme also aims to transform a rundown part of the city centre with a multi-faceted development featuring new homes, offices, retail and leisure space, and a multi-function public square.
• Industry & Employment: Derby has a history of being at the centre of the industrial revolution and is still a leading UK manufacturing centre today. Employment is supported by some key employers like Rolls Royce, Toyota and Royal Crown Key. Other major employers in Derby include the University Hospitals of Derby, Derby City Council and the University of Derby.
• Property Prices: Surprisingly for a city with such potential, Derby is still at the lower end of the property price index. The average house price in Derbyshire at the time of writing is £220,182 but the average house price in the City of Derby is just £183,000. The national average is currently at £256,000.
• The City Centre: Good shopping, good eating and vibrant nightlife all contained within a compact area makes Derby city centre a draw for both local residents and visitors from out of town. The main retail centre, Intu Derbyfeatures over 200 shops plus a range of leisure attractions and eating establishments. Friar Gate is the centre for much of the city's social life while the Cathedral Quarter contains a rich variety of cultural venues, independent alternative retailers and cafes and bars.
• As previously mentioned, Derby city centre property prices are currently well below the national average. Inner city properties are in short supply and with big regeneration plans over the next few years, rental yields as well as equity values are likely to increase.
• As a university city there are also many opportunities for the private rental sector to accommodate students coming into Derby. Student letting areas popular with private landlords and students include the City Centre, Uttoxeter New Road, Ashbourne Road and Allestree.
• For the wider market, West Derby suburbs Littleover and Mickleover were previously rural villages that have expanded into larger suburban housing areas over recent years. With good access to the A38 and the Toyota plant at Burnaston, these are attractive and desirable residential areas particularly popular with people seeking to rent a property.
• A recent Derby Market Rent Summary puts median monthly rental potential at £495 for a one-bed property, £676 for a two-bed property and £750 for a three-bed property. A four-bed property in Derby will return an average £949 and a five-bed £1,473 PCM. Derby offers buy-to-let investors decent yields with some areas producing around 4.8% annually

Opportunities for property investors in Derby

• As previously mentioned, Derby city centre property prices are currently well below the national average. Inner city properties are in short supply and with big regeneration plans over the next few years, rental yields as well as equity values are likely to increase.
• As a university city there are also many opportunities for the private rental sector to accommodate students coming into Derby. Student letting areas popular with private landlords and students include the City Centre, Uttoxeter New Road, Ashbourne Road and Allestree.
• For the wider market, West Derby suburbs Littleover and Mickleover were previously rural villages that have expanded into larger suburban housing areas over recent years. With good access to the A38 and the Toyota plant at Burnaston, these are attractive and desirable residential areas particularly popular with people seeking to rent a property.
• A recent Derby Market Rent Summary puts median monthly rental potential at £495 for a one-bed property, £676 for a two-bed property and £750 for a three-bed property. A four-bed property in Derby will return an average £949 and a five-bed £1,473 PCM. Derby offers buy-to-let investors decent yields with some areas producing around 4.8% annually

Going forward with Monkey vs Owl

As a progressive company we like to offer innovative choices and new ways of working to our landlords. We do realise however, that some people have very large property portfolios or simply have no wish to get involved in day-to-day management. For this reason, we also offer full professional Derby property management services. Click here to read much more detailed information about our full agency service.

Getting in touch with us is easy. You can use the details on our contact page or telephone +44 (0) 1332 408 030 to speak to a real person. We are standing by ready to help.