2-bedroom bungalow · DH8 6HT
To rentListed 17 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* SPACIOUS BUNGALOW * LARGE GARDEN AND ENCLOSED YARD * TWO WELL-SIZED BEDROOMS * AVAILABLE TO RENT NOW * Available immediately, this deceptively spacious two-bedroom bungalow offers comfortable living in a quiet residential setting.
The layout includes a large, light-filled lounge, a fitted kitchen, two generously sized bedrooms, and a bathroom.
Externally, the property boasts a substantial lawned garden to the front and an enclosed rear yard—ideal for enjoying outdoor space with minimal upkeep.
The home benefits from uPVC double glazing and is heated via a gas combination boiler.
Located on Third Street in the popular Watling Bungalows development, the property is close to amenities in Leadgate and Consett town centre, with excellent public transport and road links for easy commuting.
Green spaces and countryside walks are also nearby, offering a great lifestyle balance. A fantastic rental opportunity in a desirable area—enquire today to arrange a viewing.
**Specification: Unfurnished. **Required earnings: Tenant Income £17,100.
Guarantor Income £17,100 (if required)** Bond: 475 Lounge - 4.7 x 4.4 (15'5" x 14'5") - Kitchen - 3.1 x 2.6 (10'2" x 8'6") - Bathroom - 2.6 x 1.7 (8'6" x 5'6") - Bedroom - 3.6 x 2.9 (11'9" x 9'6") - Bedroom - 3.6 x 2.9 (11'9" x 9'6") - Agent's Notes - Electricity Supply: Mains Water Supply: Mains Sewerage: Mains Heating: Gas Central Heating Broadband: Basic 7 Mbps, Superfast 80 Mbps, Ultrafast 1,000 Mbps Mobile Signal/Coverage: Good/Average Council Tax: Durham County Council, Band A - Approx.
£1,701 p.a Energy Rating: D Disclaimer: The preceding details have been sourced from the seller and OnTheMarket.com.
Verification and clarification of this information, along with any further details concerning Material Information parts A, B & C, should be sought from a legal representative or appropriate authorities.
Robinsons cannot accept liability for any information provided.
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 Third Street, Watling Street Bungalows
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