1-bedroom flat · DH9 7TR
Listing removedListed 135 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A cosy 1 bedroom first floor flat warmed by gas combi central heating and double glazing. Accessed via a shared yard with the ground floor shop to the rear, which also provides off-street parking.
Accommodation comprises of entrance lobby, landing, open plan kitchen/lounge/diner, bedroom, utility room and bathroom. EPC Rating D, Council Tax Band A. No Pets and None Smokers Only.
Costs: Rent: £500 Holding Deposit: £115 Security Deposit: £576 Council Tax Band A A holding deposit equal to 1 weeks rent is payable upon the start of your application.
Successful Applicants - any holding deposit will be offset against the initial rent or deposit, with the agreement of the payee.
Under the Tenant Fee Act 2019: The Holding Deposit will become non-refundable, should you fail your reference and credit checks, if you provide misleading information or fail to declare a county court judgement (CCJ) or an (IVA) on your application form or the nominated guarantor application form.
We allow up to 15 days for all checks to be completed. Should you have any concerns regarding these checks, please notify a member of staff before you make payment.
Tenant(s) minimum yearly income affordability to pass the credit check is calculated at 2.5 times the yearly rent.
(Example: Rent of £500 PCM x 12 = £6,000 x 2.5 = £15,000) This minimum income can be shared on a joint tenancy only.
Working Guarantor minimum yearly income affordability to pass the credit check is calculated at 3 times the yearly rent.
(Example: Rent of £500 PCM x 12 = £6,000 x 3 = £18,000) (Or hold savings or pension(s) equal or more than this amount) Please note: if you are claiming basic or basic Universal Credit, or your employment is on a zero hour's contract or your employment position is temporary, you will require a guarantor in a permanent contract of employment.
EPC Rating: D REAR ENTRANCE The self-contained residential flat is accessed via a shared yard (with the ground floor shop) to the rear which also provides off-street parking.
LOBBY Entrance doors leads to an internal staircase and first floor landing. KITCHEN/LOUNGE/DINER Dimensions: 15' 3" x 13' 10" (4.65m x 4.23m).
An open plan room with wood fire surround, kitchen area with base units, worktop and tiled slash-backs. Slot-in electric cooker, stainless steel sink with mixer tap.
uPVC double glazed window, double radiator, door to the utility room and an opening to the bedroom. BEDROOM Dimensions: 10' 5" x 17' 3" (3.19m x 5.27m).
Slit into two areas with a bedroom area and a dressing or living area. uPVC double glazed window, decorative cast iron fire surround and a double radiator.
UTILITY ROOM Dimensions: 5' 0" x 6' 2" (1.53m x 1.88m).
Fitted worktop, wall mounted has combi central heating boiler, plumbed for a washing machine, uPVC double glazed window and a sliding door leading to the bathroom.
BATHROOM Dimensions: 6' 6" x 6' 2" (2.001m x 1.88m).
A white suite featuring a panel bath with electric shower over, glazed screen and tiled splash-back, PVC panelled wall, pedestal wash basin, WC, single radiator, wall extractor fan and a uPVC double glazed window.
ENERGY EFFICIENCY EPC rating for the flat is a D. Please speak to a member of staff for a copy of the full Energy Performance Certificate.
AGENT NOTES The property comes part furnished, but the washing machine and fridge/freezer will not be replaced by the landlord if the stop working during the tenancy.
Yard A shared rear yard with the ground floor shop.
Parking - On street On Street Parking Disclaimer Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract.
The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property.
We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.
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
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FAQ
About Prospect Terrace, Stanley, DH9
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