2-bedroom terraced house · NE23 6JP
To rentListed 7 days
Opportunity summary
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About
Summary *** fully furnished *** available now *** conveniently placed *** end-link house *** We offer a fully furnished end link house, located on the ever popular Chesterhill in Cramlington.
The property is conveniently placed for local schools and the town centre amenities.
The Cramlington emergency hospital, A189 Spine Road, A19 and A1 major road links are all within very good proximity.
The property is offered on a furnished basis, briefly comprising: Entrance hall with onward access to the first floor accommodation, living room and dual aspect dining kitchen.
The kitchen area is fitted with a modern range of units and there are useful white goods. On the first floor there are two double bedrooms, both with built-in storage cupboards.
There is a two piece suite bathroom with shower and a separate WC. Outside there is a private enclosed rear garden with outbuildings. The property has a pleasant front outlook.
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: 980.77 Entrance Double glazed entrance door opening into hall.
Access into the living room; cloakroom/WC and dining kitchen. Staircase leading to the first floor accommodation.
Living Room A pleasant room situated to the rear with a double glazed window and a central heating radiator. Access into the dining kitchen. Soft furnishings.
Dining Kitchen This is a good sized room boasting a dual aspect. The kitchen area is fitted with a range of white wall and base units with complementing work surfaces.
White goods include: Fridge, freezer, washing machine and cooker. Double glazed windows to the front and rear, central heating radiator. Onward access into the living room and the hall.
First Floor Landing A return staircase takes you to the first floor landing, leading to the two double bedrooms and bathroom. Double glazed window to the rear elevation.
Bedroom One A double room located to the front with a double glazed window, central heating radiator and storage.
Bedroom Two Another double room located to the front with a double glazed window and central heating radiator. Bathroom A white three piece suite, comprising: Bath with shower over and sink unit.
Double glazed window to the rear elevation, central heating radiator. Outside There is a nicely enclosed private rear garden, maily paved with planted borders.
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
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FAQ
About Chesterhill, Cramlington
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