20a, Prospect Terrace, Stanley, DH9 7TR

This two bedroom first floor flat is located on Prospect Terrace, New Kyo, within walking distance of various local amenities and bus routes.

This property comprises of a lounge / kitchen, two bedrooms and a bathroom. Externally, the property boasts a front garden and shared yard.

This two bedroom first floor flat is located on Prospect Terrace, New Kyo, within walking distance of various local enmities and bus routes.

This property comprises of a lounge / kitchen, two bedrooms and a bathroom. Externally, the property boasts a front garden and shared yard.

Costs • Monthly Rent: £500PCM • Security Deposit: £500 • Holding Deposit: £115.38 • Council Tax Band: A Referencing and credit checks A holding deposit equivalent to one week’s rent is required at the start of the application process.

For successful applicants, this holding deposit will be deducted from the first month’s rent or the security deposit, subject to agreement with the payee.

In accordance with the Tenant Fees Act 2019, the holding deposit may become non-refundable if you fail the referencing or credit checks, provide false or misleading information, or do not disclose a County Court Judgment (ccj) or Individual Voluntary Arrangement (iva) on your application form or that of a nominated guarantor.

Please note that up to 15 days may be required to complete all checks. If you have any concerns regarding the referencing process, you should contact a member of our team before making payment.

Affordability requirements Tenant Income To pass the affordability assessment, the combined minimum annual income must equal at least 2.5 times the annual rent.

Example: £675 pcm × 12 = £8,100 per year × 2.5 = £20,250 minimum income. This income may be combined between applicants in a joint tenancy.

Guarantor Income A working guarantor must have a minimum annual income of at least 3 times the annual rent. Example: £675 pcm × 12 = £8,100 per year × 3 = £24,300 minimum income.

Alternatively, a guarantor may qualify by holding savings or pension funds equal to or greater than this amount. Tenants must insure their own belongings.

Tenants are usually responsible for all utility bills and Council Tax.