3-bedroom house · SR8 2NX
Listing removedListed 135 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary We are thrilled to welcome to the rental market this charming three bedroom semi-detached house, located in the quaint town of Peterlee.
This property offers beautifully proportioned accommodations and is perfect for a small family or professional couple seeking a comfortable and inviting home.
The property comprises an entrance hallway leading you to a generous sized reception room designed for ease of living and relaxation.
The reception room is bathed in plentiful natural light, creating a warm and inviting atmosphere.
Following on from the reception room, you will find a functional and well-appointed kitchen, ready to cater to all your culinary needs.
Upstairs you will find three bedrooms; all of which are generously sized.
The master bedroom is particularly roomy, offering ample storage space whilst still providing a wonderful sense of tranquillity.
The property also benefits from a modern family bathroom fitted with sleek fixtures and fittings, ensuring a stylish yet comfortable space to start your day.
Benefiting from a superb location in Peterlee, the property is a stone's throw away from local amenities including shops, schools, and restaurants.
Despite its convenient location, it still offers a sense of peace and serenity, making it the perfect balance for those who enjoy the convenience of town living yet wish for a private and calm home atmosphere.
Note: This is a residential rental. Early viewing is highly recommended to appreciate the space and potential this property has to offer. Unfurnished. Available immediately.
Contact Pattinson Estate Agent today to arrange a viewing and make this delightful property your next home.
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: 700.00 Entrance Hallway Entrance to the property is through UPVC door into hallway, with carpeted flooring, staircase to the first floor and built in storage cupboard.
Living Room With double glazed French doors to the garden and a double glazed window to the side aspect, carpeted flooring, radaitor and TV point. Kitchen/Dining Room Open plan kitchen/ dining room.
The kitchen is fitted with a range of wall and base units and roll top work surfaces, with electric cooker point and over head extractor hood, plumbing for a washing machine, sink and drainer unit, two double glazed windows and UPVC door leading to the garden.
Downstairs WC Fitted with a low level w/cv and hand wash basin, double glazed window to the front aspect. First Floor Landing Carpeted flooring and a built in storage cupboard.
Bedroom One With a double glazed window to the side aspect, radiator, carpeted flooring and built in wardrobes Bedroom Two With a double glazed window to the side aspect, radiator, carpeted flooring and built in wardrobes Bedroom Three With a double glazed window to the side aspect, radiator., storage cupboard and laminate flooring.
Family Bathroom The family bathroom is fitted with a three piece suite comprising of: Low level WC, panelled bath and a wash hand basin.
With tiling to both walls and flooring and a double glazed window to the front aspect. External Low maintenance fully enclosed garden, South Westerly facing laid with patio and decking.
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 58, Balliol Close, Peterlee
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