2-bedroom terraced house · DH5 0HF
Let agreedListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary **spacious family home**two double bedrooms**two reception rooms**modern four peice bathroom**enclosed rear yard**option of off road parking**popular location** Pattinson Estate Agents are excited to welcome to the market this deceptively spacious two bedroom home, situated on the popular street of Lilywhite Terrace, Houghton Le Spring.
Perfectly positioned within close proximity to local shops and other amenities, great public transport and major road links via A19.
Also within walking distance to popular local schools, as well as being a short driving distance to multiple country walks, Dalton Park Outlet, Sunderland & Durham City Centre's.
This well presented home is spacious throughout and briefly consists:- Entrance/hallway, lounge, a separate dining room and a fitted kitchen.
To the first floor lies two double bedrooms and a modern four piece bathroom, externally to the rear there is an enclosed yard, which gives the option of off road parking.
Early viewings come highly recommended to appreciate the size and location of this property. Please call our Houghton Branch to arrange a viewing.
Tenant Referencing Criteria: Pattinson will undertake referencing checks on all applicants over the age of 18 wishing to move into a rental property.
As part of this process, we will undertake: - A credit check to ensure each applicant does not have any adverse credit such as CCJs (County Court Judgements).
- An affordability assessment to ensure applicant's income will sufficiently cover the rental payments.
- To pass the affordability check, each applicant's gross annual basic income (including benefits and pensions) must be at least 30 times the monthly rental amount (36 times for Ellinson properties).
Eg If the rent is 500 pcm, applicants would need to earn 15,000 as an annual pension or basic salary (excluding commission/bonus) before tax or other deductions were made.
- Each applicant's affordability is assessed individually against the criteria. - Self- will require an accountant's reference and should have accounts for a minimum of two years.
Net profit will be assessed against the affordability requirement of 30 times the monthly rental amount. - Employment checks to confirm your start date, salary and if your position is permanent.
- Homeownership checks (only if you are a homeowner) confirming your mortgage payments are up to date.
- A Landlord reference (if you are currently residing in rented accommodation) confirming you have abided by the terms of the lease.
This will check that the rent was paid on time and in full, there was no antisocial behaviour and the property was looked after in an appropriate manner. - Right to rent' id checks.
If you do not meet the requirement, you will require A homeowner guarantor.
Council Tax Band: A Deposit: 698.08 Entrance/Hallway Property entrance leading to the hallway, which has laminate flooring and a radiator.
Living Room (4.3m x 4.1m) Spacious lounge with laminate flooring, a feature gas fireplace, a radiator and a double glazed front aspect window.
The lounge also gives open flow access to the dining room.
Dining Room (4.1m x 4.4m) Separate diner with laminate flooring, a bare brick feature wall, a radiator and an external door leading to the rear yard.
Kitchen (4.9m x 2.2m) Fitted kitchen benefiting from a range of upper and lower units with contrasting worksurfaces, composite sink unit, plumbing for a washing machine and space for a free standing oven.
Tiled flooring, tiled splash, a storage cupboard, a radiator, double glazed window and an external door leading to the rear garden.
Bedroom 1 (4.0m x 5.2m) Double bedroom with laminate flooring, fitted wardrobes, a radiator and a double glazed front aspect window.
Bedroom 2 (4.4m x 3.3m) Double bedroom with laminate flooring, fitted wardrobes, a radiator and a double glazed front aspect window.
Bathroom (3.7m x 2.2m) Modern four piece bathroom benefiting from a paneled bath, walk-in shower, hand wash basin and a W.C.
Laminate flooring, ceramic tiled walls, heated towel rail and a double glazed rear aspect window. Externally Externally to the rea there is a private yard, which gives the option of off road parking.
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
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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 55, Lilywhite Terrace, Houghton Le Spring
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