2-bedroom flat · DH9 8EB
Let agreedListed 49 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Sylvester Properties are delighted to welcome to the rental market this spacious two-bedroom first floor flat, offering well-presented accommodation with neutral décor throughout.
The property provides generously proportioned living accommodation and would make an ideal home for a couple, small family or professional occupants.
Entrance Hall The property offers a welcoming entrance leading through to the main living accommodation.
Lounge The spacious lounge area is finished with neutral walls and grey fitted carpeting, creating a modern and versatile living space.
Kitchen The lounge is open plan to the kitchen, providing a bright and practical area ideal for both everyday living and entertaining.
The modern fitted kitchen comprises a range of wall and base units, providing ample storage and preparation space. The kitchen also benefits from a new integrated oven and hob.
Two bedrooms There are two spacious double bedrooms, both benefiting from neutral walls and grey fitted carpeting. The master bedroom benefits from fitted wardrobes providing ample storage space.
The rooms offer comfortable and versatile accommodation suitable for a range of furniture arrangements.
Shower Room The property benefits from a modern shower room fitted with a walk-in shower, hand basin and WC.
External Externally, there is a shared yard to the rear, providing a useful outdoor area for residents.
Costs • Monthly Rent: £700 pcm • Security Deposit: £700 • Holding Deposit: £161.53 • Council Tax Band: A Referencing and credit checks A holding deposit equivalent to one week’s rent is required at the start of the application process.
For successful applicants, this holding deposit will be deducted from the first month’s rent or the security deposit, subject to agreement with the payee.
In accordance with the Tenant Fees Act 2019, the holding deposit may become non-refundable if you fail the referencing or credit checks, provide false or misleading information, or do not disclose a County Court Judgment (ccj) or Individual Voluntary Arrangement (iva) on your application form or that of a nominated guarantor.
Please note that up to 15 days may be required to complete all checks. If you have any concerns regarding the referencing process, you should contact a member of our team before making payment.
Affordability requirements Tenant Income To pass the affordability assessment, the combined minimum annual income must equal at least 2.5 times the annual rent.
Example: £675 pcm × 12 = £8,100 per year × 2.5 = £20,250 minimum income. This income may be combined between applicants in a joint tenancy.
Guarantor Income A home owner guarantor must have a minimum annual income of at least 3 times the annual rent. Example: £675 pcm × 12 = £8,100 per year × 3 = £24,300 minimum income.
Alternatively, a guarantor may qualify by holding savings or pension funds equal to or greater than this amount. Tenants must insure their own belongings.
Tenants are usually responsible for all utility bills and Council Tax.
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 38A, Annfield Terrace, Stanley
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