2-bedroom house · DH9 7SH
Listing removedListed 118 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinson Estate Agents are pleased to offer to the rental market this two-bedroom mid-terrace property situated on Mulberry Terrace, New Kyo.
The property offers well-proportioned accommodation throughout and would be suitable for a range of tenants.
Benefiting from gas central heating, double glazing and an enclosed rear courtyard, the property is conveniently located for local amenities and transport links.
The internal accommodation briefly comprises: Entrance hallway, lounge, dining room and fitted kitchen to the ground floor. To the first floor are two bedrooms and a family bathroom.
Externally, there is an enclosed, low-maintenance courtyard to the rear with gated access to the rear lane.
New Kyo is situated close to Stanley town centre where a range of shops, supermarkets, schools and leisure facilities can be found.
The property also offers good road links to Durham, Chester-le-Street, Consett and Newcastle.
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: 620.00 Entrance Hallway Accessed via a part-glazed composite entrance door.
Carpet flooring and stairs leading to the first floor. Lounge (3.50m x 3.28m) Double glazed window to the front elevation.
Laminate flooring, feature fireplace surround and archway leading to the dining room. Dining Room (4.57m x 3.47m) Double glazed window to the rear elevation.
Laminate flooring and feature fireplace surround. Kitchen (3.10m x 2.47m) Double glazed window to the side elevation and UPVC door leading to the rear courtyard.
Fitted with a range of wall and base units with roll-top work surfaces incorporating a stainless steel one-and-a-half bowl sink unit with tiled splashbacks.
Plumbing for a washing machine, space for a fridge freezer and space for an electric cooker. Vinyl flooring, extractor fan and gas central heating radiator.
First Floor Landing Carpet flooring and loft access. Bedroom One (3.68m x 3.11m) Double glazed window to the front elevation.
Built-in storage cupboard, fitted wardrobe, gas central heating radiator and carpet flooring. Bedroom Two (3.16m x 2.50m) Double glazed window to the rear elevation.
Built-in wardrobe, gas central heating radiator and laminate flooring. Family Bathroom (2.04m x 1.90m) Double glazed window to the rear elevation.
Fitted with a white suite comprising low-level WC, vanity wash hand basin and shower cubicle with electric shower.
Clad walls, vinyl flooring, chrome heated towel rail, gas central heating radiator and built-in cupboard housing the combination boiler.
Externally To the rear: Enclosed, low-maintenance walled courtyard with gated access to the rear lane and external water supply.
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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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
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FAQ
About 7, Mulberry Terrace, Stanley
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