2-bedroom terraced house · DH2 3LS
Listing removedListed 61 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Located close to local amenities and good road links this two bedroom mid terrace property is available on an unfurnished basis. Pleasantly decorated and fitted to a high standard.
Features include UPVC double glazing, gas fired central heating via a combi boiler.
The accommodation comprises of an entrance lobby with stairs leading to the first floor, lounge to the front and a kitchen to the rear with access to the rear yard.
The first floor has two bedrooms with fitted wardrobes and a modern bathroom.
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: 606.00 Entrance Lobby Stairs leading to the first floor Lounge (4.4m x 4.5m) (measurements into alcoves) UPVC double glazed window feature fire surround.
Kitchen (2.4m x 4.5m) Modern kitchen fitted in grey base units and white wall units, with electric hob built in with extractor over, and built in double oven, stainless steel sink and drainer, space for automatic washing machine, and space for dishwasher, radiator, UPVC double glazed window, and door Bedroom One (3.5m x 3.5m) UPVC double gazed window, radiator, fitted sliding wardrobes Bedroom Two (3.6m x 2.3m) UPVC double glazed window, radiator Bathroom (2.4m x 2.0m) Modern three piece suite comprising of P shaped panel bath with mains fed shower over, pedestal wash basin with mixer tap, WC, heated towel rail, UPVC double glazed window External There is a yard to the rear.
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
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FAQ
About 79, Albert Street, Chester Le Street
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