2-bedroom flat · DL15 9HS
To rentListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinson Estate Agents welcome to the market this two bedroom first floor, maisonette flat situated on Hope Street, Crook.
The property benefits from gas central heating, double glazing and an open plan kitchen/lounge.
The accommodation comprises an entrance hallway with stairs to the first floor, kitchen/lounge, two bedrooms and a shower room.
To the rear, gated access leads to a pathway serving the entrance, with access from the rear lane.
Crook is a popular town, offering a range of everyday amenities, including town centre shops, supermarkets, cafs, local schools and recreational facilities.
Bus services connect the town with Durham and Bishop Auckland, where further shopping and leisure facilities are available.
The surrounding County Durham countryside also provides opportunities for walking and outdoor recreation.
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: 634.62 Entrance Hallway Accessed via a part-glazed UPVC entrance door, with carpeted flooring, a central heating radiator and stairs rising to the first floor.
Kitchen/Living Room (6.39m x 3.80m) An open plan living space with a double glazed window to the side aspect and a central heating radiator.
The kitchen is fitted with a range of wall and base units, roll-top work surfaces and an inset stainless steel sink with taps and drainer, complemented by tiled splashbacks.
Appliances include an integrated electric oven and four-ring electric hob with extractor above. Plumbing is provided for a washing machine, along with space for a fridge/freezer.
Vinyl flooring defines the kitchen area, with carpeted flooring to the lounge.
Bedroom One (4.34m x 3.80m) With a double glazed window to the rear aspect, central heating radiator, carpeted flooring and built-in storage, including a cupboard housing the combi boiler.
Bedroom Two (3.31m x 1.66m) With a double glazed window to the side aspect, central heating radiator and carpeted flooring.
Shower Room (2.87m x 1.15m) Fitted with a shower cubicle with mains-fed shower, vanity wash hand basin and WC.
Featuring wall cladding, lvt flooring, a central heating radiator, chrome towel rail and a double glazed window to the side aspect.
Externally To the rear, gated access opens onto a pathway leading to the property entrance, with access from the rear lane.
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 11B, Hope Street, Crook
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