4-bedroom house · DL1 1JX
Listing removedListed 218 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A lovely, large double bedroom in a 4 person shared house. This charming room is on the first floor facing the front onto a quite street.
It is fully furnished and ready to be made cosy by adding your own personal items. Bills are included within the rent (fair usage). The house has 4 bedrooms. Deposit - £200.
Credit checks and social media checks carried out. We are looking for polite, responsible and reliable tenants to join the household. No one wants to share a house with a problem tenant.
A guarantor may be required, depending upon circumstances. Income required- 2.5 times the monthly rent - at least £12,750 annual income. No pets, no overnight visitors.
Castle Homes 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 each applicant’s income will sufficiently cover the rental payments.
• To pass the affordability check, tenants must have an annual income of 2.5 times the annual rent. Ie if the rent is £500 per month, you would need an income of £15,000 per year or greater.
• Each applicant’s affordability is assessed individually against the criteria.
However, couples who have previously co-habited, are married or are in a civil partnership will have their incomes combined and assessed jointly.
• Self- will require an accountant’s reference and should have accounts for a minimum of two years. • Employment checks to confirm your start date, salary and if your position is permanent.
• A Landlord reference (if you are currently residing in rented accommodation) confirming you have abided by the terms of the lease. • ‘Right to rent’ id checks.
EPC Rating: E Room 3 Large double bedroom with furniture. Bedding is not included and is for marketing purposes only Bills included.
Use of shared bathroom downstairs with one other tenant only Shared Bathroom Shared shower room - shared with Room 1 tenant only. Two sinks and vanity cabinets. Toilet. Large shower cubicle.
Hot towel rail. Plenty of floor space.
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 Room 3, 2 Dundee Street, Darlington
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