2-bedroom terraced house · DL14 8UZ
Let agreedListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinson Estate Agents are pleased to offer to the rental market this two-bedroom mid-terrace property situated on Pasture Row, Eldon, Bishop Auckland.
The property provides accommodation over two floors and may appeal to tenants seeking convenient access to local amenities and transport links within the surrounding area.
The accommodation briefly comprises an entrance hallway, lounge, dining room and kitchen/diner to the ground floor. To the first floor there are two bedrooms and a family bathroom.
Externally, the property benefits from a lawned garden to the front and an enclosed rear courtyard with gated access to the rear lane.
Eldon is a village located close to Bishop Auckland, offering access to a range of local amenities, schools and transport connections.
The property is well positioned for travel throughout County Durham and neighbouring towns.
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: 778.85 Entrance Hallway Accessed via a UPVC entrance door.
Staircase leading to the first floor and carpeted flooring. Lounge (3.82m x 4.24m) Double glazed window to the front aspect, central heating radiator, gas fire and laminate flooring.
Dining Room (4.75m x 2.45m) Double glazed window to the rear aspect, central heating radiator and laminate flooring.
Kitchen (3.62m x 2.29m) Fitted with a range of wall and base units incorporating roll-top work surfaces and tiled splashbacks.
One-and-a-half bowl inset stainless steel sink with drainer and mixer tap. Integrated electric oven with four-ring hob. Plumbing for a washing machine and space for a fridge freezer.
Combi boiler, central heating radiator and laminate flooring. Double glazed window and access to the rear courtyard. First Floor Landing Loft access and carpeted flooring.
Bedroom One (4.23m x 3.27m) Double glazed window to the front aspect, central heating radiator, built-in storage and laminate flooring.
Bedroom Two (2.47m x 3.27m) Double glazed window to the rear aspect, central heating radiator and laminate flooring.
Family Bathroom (2.10m x 3.61m) Fitted with a white suite comprising low-level WC, pedestal wash hand basin and panelled bath with mains-fed shower over.
Double glazed window, built-in storage, central heating radiator, part tiled walls and vinyl flooring. Externally Front -Lawned garden with pathway leading to the entrance door.
Rear - Enclosed walled courtyard with gated access and access to 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
Agent & docs
FAQ
About 32, Pasture Row, Bishop Auckland
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