3-bedroom house · DH4 5HG
Listing removedListed 81 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary This lovely semi-detached house, located in the heart of Houghton Le Spring, is now available for rent.
This cosy abode offers 3 well-proportioned bedrooms, perfect for a growing family or anyone seeking additional space.
As you enter the property, you are welcomed by an inviting reception area that seamlessly flows into the remainder of the ground floor.
On this level, one will find a spacious living room with new, plush carpets installed, providing a feeling of warmth and comfort.
Following through, the well-appointed, modern bathroom offers essential amenities. Upstairs, the three bedrooms provide flexible living options.
Each room is fitted with brand new carpets, creating a fresh foundation ready for the new tenant's personal touch.
Excellent natural light floods through the windows, enhancing the feeling of space and serenity.
In terms of location, being situated in scenic Houghton Le Spring offers tenants the charm of village living while providing convenient access to local amenities.
With its quaint charm, impressive features and ideal location, this residential rental is a fantastic opportunity not to be missed. It truly is a delightful place to call 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: 865.38 Front Exterior Front driveway with parking for multiple cars.
Living Room Spacious light living area. Kitchen Modern white kitchen base units with black worktops and tiled splashbacks. Bedroom 1 Spacious double bedroom, radiator and new carpet.
Bedroom 2 The second bedroom is also a double with new carpet and radiator. Bedroom 3 The third bedroom is a generous single with new carpet and radiator.
Bathroom Modern three-piece white bathroom suite with shower over bath. Rear Garden Large back garden laid to lawn, perfect for children playing or family get-togethers.
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 36, Newburn Crescent, Houghton Le Spring
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