3-bedroom terraced house · DH4 4DP
To rentListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary **spacious family home**three bedrooms**two recpetion rooms**four piece bathroom**north/west facing rear yard**popular area** Pattinsons are excited to welcome to the rental market this well presented three bed home situated in the popular area of Grasswell, Houghton Le Spring.
Perfectly positioned within easy access to local shops, amenities with fantastic public transport and major road links via the A690.
This property is also walking distance to Houghton Le Spring Town Centre and popular local schools, as well as being a short drive to Herrington Country Park, Sunderland and Durham City Centre's.
This well presented property is spacious throughout and briefly comprises of:-Entrance/hallway, lounge, dining room, kitchen/diner and a four piece family bathroom.
To the first floor lies three bedrooms and externally there is a good sized rear yard. Early viewings come highly recommended to take advantage of the size, standard and location of this property.
Please call our Houghton office to arrange a viewing.
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: 807.69 Entrance/Hallway Property entrance leading to the hallway, which leads the dining room and first floor staircase.
Lounge (3.42m x 3.84m) Spacious lounge with carpet flooring, a radiator and double glazed front aspect window.
Dining Room (3.76m x 3.69m) Separate diner with carpet flooring, a storage cupboard, a radiator and a double glazed rear aspect window.
Kitchen (3.45m x 2.34m) Fitted kitchen benefitting from a range of upper and lower units with contrasting work surfaces and matching up-stands, a composite sink unit, plumbing for a washing machine and a free standing oven.
Vinyl flooring, a radiator and a glazed rear aspect window. Bathroom (1.68m x 2.20m) Four piece family bathroom benefitting from a panelled corner bath, shower cubicle, hand wash basin and W.C.
Vinyl flooring, tiled walls, heated towel rail and a double glazed rear aspect window.
Bedroom One (3.79m x 2.99m) Double bedroom with carpet flooring, a radiator and a double glazed rear aspect window.
Bedroom Two (3.03m x 3.40m) Double bedroom with carpet flooring, a radiator and a double glazed front aspect window.
Bedroom Three (3.44m x 1.83m) Third bedroom with carpet flooring, a radiator and a double glazed front aspect window.
External Externally, to the rear there is a good sized, North/West facing yard with a raised decked area.
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 Hylton Street, Houghton Le Spring
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