3-bedroom flat · DL15 9HS
To rentListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinson Estate Agents are pleased to welcome to the market this newly renovated three bedroom upper flat situated on Hope Street, Crook.
The accommodation comprises an entrance hallway with stairs to the first floor, a lounge, kitchen/diner, three bedrooms and a family bathroom.
The property benefits from double glazing and gas central heating via a combi boiler, with a front-facing bay window to the main bedroom.
Access to the entrance is via a rear path with gated 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 through a part-glazed UPVC door, with carpeted flooring and stairs leading to the first floor.
First Floor Landing Carpeted landing providing access to the accommodation. Living (4.61m x 4.11m) Double-glazed window to the rear aspect, central heating radiator and carpeted flooring.
Kitchen (3.14m x 1.84m) Fitted with base units and roll-top work surfaces, incorporating an inset stainless steel sink with taps and drainer, complemented by tiled splashbacks.
Integrated electric oven and four-ring electric hob, plumbing for a washing machine and space for a fridge/freezer. A wall unit houses the combi boiler.
Double-glazed window to the side aspect, central heating radiator and vinyl flooring.
Bedroom One (3.93m x 2.75m) Double-glazed bay window to the front aspect, central heating radiator and carpeted flooring.
Bedroom Two (3.65m x 2.14m) Double-glazed window to the front aspect, central heating radiator and carpeted flooring. Bedroom Three (2.26m x 2.86m) Central heating radiator and carpeted flooring.
Bathroom (2.34m x 2.68m) Fitted with a white suite comprising a bath, WC and vanity wash hand basin. Wall cladding, vinyl flooring, extractor fan and central heating radiator.
Double-glazed window to the rear aspect. Externally To the rear a path leads to the entrance, with gated 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 11A, Hope Street, Crook
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