2-bedroom house · DH5 0HN
Listing removedReduced £60 (−9.2%) on 16 AugListed 276 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary **spacious family home**two double bedrooms**two reception rooms**enclosed rear garden**popular location Pattinsons are excited to welcome to the rental market this well presented two bed home, ideally located in Pemberton Bank, Houghton Le Spring.
Perfectly situated within close proximity to local amenities, transport links and walking distance to popular local schools.
Also within short driving distance to Dalton Park Outlet, Hetton Lyons Country Park and Nose Point, which is located on the coast.
This impressive family residents is spacious property briefly consists of:- Entrance/hallway, lounge, dining room and a modern kitchen with a pantry cupboard.
To the first floor lies two double bedrooms and a large bathroom, externally to the rear there is an enclosed garden, that gives the option for off road parking.
Early viewings come highly recommended to appreciate the size and location of this property.
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.
However, couples who have previously co-habited, are married or are in a civil partnership will have their incomes combined and assessed jointly.
- Self- will require an accountant's reference and should have accounts for a minimum of two years. - 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: 700.00 Length of Tenancy: 6 Entrance/Hallway Property entrance leading to the hallway, which gives access to the lounge, dining room and first floor staircase.
Lounge (4.13m x 4.12m) Spacious lounge with laminate flooring, feature fireplace, radiator and a double glazed front aspect window.
Dining Room (5.05m x 4.15m) Separate dining room with laminate flooring, feature fireplace, radiator and a double glazed rear aspect bay window.
Kitchen (3.75m x 2.30m) Modern kitchen benefiting from a range of wall and base units with contrasting work surfaces, pantry cupboard, plumbing for a washing machine and an integrated oven with a ceramic hob.
Tiled flooring, tile splash back, panelled walls, a radiator and two double glazed rear aspect window.
Bedroom One (4.09m x 5.12m) Double bedroom with carpet flooring, radiator and two double glazed front aspect windows.
Bedroom Two (4.29m x 3.36m) Double bedroom with carpet flooring, storage cupboard, radiator and a double glazed rear aspect window.
Bathroom (4.29m x 3.36m) Generous bathroom benefitting from a paneled bath with an over head shower, W.C and a hand was basin with vanity cupboards.
Tile flooring, tiled walls, radiator and a double glazed rear aspect window.
External Externally to the rear lies a private garden which can be accessed by double gates and gives the option for off road parking.
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 3, Pemberton Bank, Houghton Le Spring
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