54, Bridge Street, Bishop Auckland, DL14 7PY

Sylvester Properties are delighted to welcome to the rental market this recently redecorated and modern two-bedroom property located on Bridge Street within Bishop Auckland.

This well presented home comprises; to the ground floor an entrance hallway, lounge and kitchen.

To the first floor are two bedrooms decorated in neutral tones throughout, as well as a well-appointed family bathroom with three-piece white suite. Externally, there is a yard to the rear.

Costs • Monthly Rent: £600.00 pcm • Security Deposit: £600.00 • Holding Deposit: £138.46 • 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: £650 pcm × 12 = £7,800 per year × 2.5 = £19,500 minimum income. This income may be combined between applicants in a joint tenancy.

Guarantor Income A homeowner guarantor must have a minimum annual income of at least 3 times the annual rent. Example: £650 pcm × 12 = £7,800 per year × 3 = £23,400 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.