4-bedroom house · DL1 1JU
Listing removedListed 176 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Room 4 is a lovely, large double bedroom with modern furnishings. It has an ensuite shower room. This is a house for 4 people, current tenants are all working professionals.
Bills are included on a fair usage basis. Downstairs are 2 bedrooms and a long galley kitchen with fridge/freezer, dishwasher, microwave etc.
Upstairs are 2 more bedrooms and a utility area with the washing machine and tumble dryer. There is both free and residents parking on the road outside.
Resident parking permits can be obtained from the council with proof of residency (your tenancy agreement) and a small payment for either 6 months or 12 months duration.
(Last check it was £29/£40 - but do check to confirm current rates). Rent is £495 per month with a £300 security deposit. Sorry, no CCJs, debt management plans or other bad debts.
A guarantor may be required, depending upon age and circumstances. Affordability - Salary/Income of 2.5x the monthly rent.
Guarantor (if required) - income of at least 3x the monthly rent and a clean credit file.
EPC Rating: D Bedroom 4 With Ensuite Shower Room Medium sized, furnished double bedroom with ensuite shower room. On the first floor overlooking the front of the house.
Shower Room - Ensuite Shower cubicle, toilet, sink with vanity cabinet and heated towel rail. Private use - room 4 only.
Shared Kitchen Kitchen with dishwasher, oven and hob and some cupboard space for 4 tenants.
There is a washing machine and a condenser tumble dryer for the whole house - these are located on the upstairs landing, in a cupboard.
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 Room 4, 5 Montrose Street, Darlington
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