3-bedroom terraced house · SR8 2AR
To rentListed 113 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary No admin fees. No deposit option available! T&C and fees apply. Subject to passing referencing. Visit or ask us for more information.
New to the rental market This spacious home must be appreciated which includes Lounge/ Dining area, kitchen and large hallway.
To the first floor there is three bedrooms, 2 double bedrooms and a third smaller bedroom plus upgraded a family bathroom. The external aspect offers a good sized double driveway to the front.
There is also a fully enclosed grassed lawn and yard/patio area to the rear. Viewing is a must to fully appreciate the level of space that this beautiful family home offers.
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: 625.00 Length of Tenancy: 6 months External Front Gated Double Driveway Lounge / Dining Room (3.9m x 6.0m) An open plan living room come dining room, offering a double glazed window to the front elevation and matching double glazed window to the rear.
Additional features include two radiators, feature fire place with gas fire.
Kitchen (2.7m x 2.5m) Equipped with wall and base units with laminate work surfaces which integrates a stainless steel sink and drainer unit, additionally there is a double glazed window and matching double glazed door to the rear elevation, plumbing for a washing machine and laminate flooring Bedroom One (3.6m x 3.4m) To the front aspect is the master bedroom which comprises of a double glazed window over looking the Cul de sac, fitted wardrobes, radiator and laminate flooring Bedroom Two (3.9m x 2.5m) The second bedroom is located at the rear of the home and features a double glazed window and a radiator.
Bedroom Three (2.7m x 2.4m) Also situated at the front is the third bedroom which again offers a double glazed window and a radiator.
Family Bathroom Three piece suite with a low level w/c, a integrated hand wash basin and a L shaped panel bath.
Additional features include electric shower, waterfall taps, contemporary tiled walls and contrasting lino flooring and a double glazed window.
External Rear Enclosed raised rear lawned garden with patio area.
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 19, Basingstoke Road, Peterlee
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