2-bedroom house · DH5 8BA
Listing removedReduced £75 (−12%) on 22 AugListed 133 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary This delightful two-bedroom terraced house located in the charming town of Houghton Le Spring is now available for residential rental.
The property provides a great balance of contemporary living and traditional accents that promise comfort, style, and a sense of homeliness.
Upon entering, you are welcomed by a spacious first reception room, with plenty of natural light and space.
Making your way through, you will find another reception room which could function perfectly as a home office or formal dining room, highlighting the property's versatility.
Both bedrooms are generously proportioned, boasting ample storage room, and are served by one well-appointed family bathroom.
In terms of location, this terraced house offers the idyllic convenience of Houghton Le Spring town center; only a brief stroll away from local shops, popular eateries, and public transport links.
We highly recommend making an appointment to view this delightful property and experience its charm and potential firsthand. Don't miss out, contact us today for further details.
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: 650.00 Length of Tenancy: 6 months Dining Room (3.8m x 3.6m) Spacious lounge with radiator and a double glazed front aspect window.
Living Room (3.9m x 3.6m) Separate living room with, radiator and a double glazed rear aspect window. The living room also gives access to the kitchen and first floor staircase.
Kitchen (3.1m x 2.0m) Modern fitted kitchen benefiting from fitted upper and lower units with contrasting work surfaces, a stainless steel sink unit and plumbing for a washing machine.
Vinyl flooring, UPVC cladded walls and a double glazed rear aspect window. Bathroom (1.9m x 1.9m) Three piece bathroom benefiting from a paneled bath with overhead shower, hand wash basin and W.C.
Vinyl flooring, UPVC cladded walls, heated towel rail and a double glazed rear aspect window.
Front Bedroom (3.9m x 4.3m) Double bedroom with original feature fireplace, radiator and a double glazed front aspect window.
Rear Bedroom (3.2m x 2.6m) Second bedroom with storage cupboard, radiator and a rear aspect Velux window Rear Yard Externally to the rear there is a private yard with a brick built outhouse.
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.
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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
Agent & docs
FAQ
About 12, Balfour Street, Houghton Le Spring
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