2-bedroom terraced house · DH5 0HE
Let agreedListed 17 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**SPACIOUS FAMILY HOME**TWO DOUBLE BEDROOMS**IMPRESSIVE KITCHEN/DINING AREA**SOUTH/WEST FACING REAR YARD**POPULAR LOCATION** Pattinson Estate Agents are excited to welcome to the market this spacious family home, which boasts a stylish kitchen/diner and two double bedrooms, 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 generously proportioned throughout and briefly consists:- Entrance/hallway, spacious lounge and a modern kitchen/dining area.
To the first floor lies two double bedrooms and a stylish three piece bathroom, externally to the rear there is an enclosed yard, which benefits from being South/West facing.
Early viewings come highly recommended to appreciate the size, standard 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-employed applicants 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: £778.85 Entrance/Hallway Property entrance leading to the hallway, which gives access to the lounge and kitchen/diner.
Lounge 4.15m x 4.05m Spacious lounge with tile flooring, a feature fireplace, radiator and a double glazed front aspect window.
Kitchen/Dining Room 4.52m x 7.03m Open plan kitchen/diner benefiting from a range of upper and lower units with contrasting worksurfaces, composite sink unit, hide-a-way cupboard for a washing machine, integrated fridge, freezer and an oven with a ceramic hob.
Tile flooring, tiled splash back, storage cupboard, two radiators, a double glazed window and an external door leading to the rear yard.
Bedroom One 4.12m x 3.46m Double bedroom with carpet flooring, a radiator and two double glazed front aspect windows.
Bedroom Two 2.27m x 3.91m Double bedroom with carpet flooring, a radiator and a double glazed rear aspect window.
Bathroom 1.78m x 2.95m Modern three piece bathroom benefiting from a panelled bath with an overhead shower, hand wash basin and WC.
Tile flooring, partly tiled walls, a heated towel rail and a double glazed rear aspect window. External Externally, to the rear there is a fully enclosed South/West facing yard.
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
Agent & docs

FAQ
About Lilywhite Terrace, Easington Lane, Houghton Le Spring, Tyne and Wear, DH5 0HE
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