1-bedroom house · DH5 9DB
To rentListed 226 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Castles & Coasts Housing Association (CCHA) owns and manages more than 7,000 homes across the North of England. CCHA is proud to offer apartments to rent within Independent Living schemes.
We are committed to providing excellent services, which are convenient to residents' needs.
These services include dedicated on-site Wellbeing & Compliance Assistants, Careline for 24hr emergency response service, and a 24/7 repairs service.
CCHA are delighted to welcome to the market this one bedroom first (top) floor apartment at Caroline Street, suitable for a single/couple household aged 55+.
The property comprises: * Entrance hallway * Bathroom with wet room shower and shower chair, grabrail, wash hand basin, and toilet * One double bedroom with in-built wardrobe * Bright and airy living room * Light and modern fitted kitchen with space for cooker, washer, and fridge freezer * First floor via communal staircase (no lift) * Gas central heating and double glazing Viewing is highly recommended for this property.
The scheme benefits from: * Secure door entry * Dedicated on-site Wellbeing & Compliance Assistant * Careline - 24hr emergency response service * Cosy communal lounge and kitchen * Recently refurbished communal areas * Ample on street parking * Regular cleaning of communal areas The location offers: * 2 minute walk to bus stop for regular bus services to Heworth, Sunderland, Royal Hospital, and Houghton-le-Spring.
* Within 5 minutes walk of local butchers, Post Office, pharmacy, Tesco Express, Heron Foods, barbers, and a good choice of eateries.
* 6 minutes walking distance to Hetton Medical Centre * Hetton Lyons Country Park and Lyons Lake nature site for walks and cycling just 8 minutes walking distance Restrictions for this property * Exclusively for people ages 55yrs + * You cannot keep any pets or animals in your home without prior written permission * Affordability assessment required Information about renting from CCHA This property will be allocated in accordance with CCHA's Lettings Policy.
More details about the application process can be found on the website.
All offers are based on submission of a suitable landlord's reference or character reference and a successful affordability assessment.
Due to changes as a result of the Welfare Reform Act, preference will be given to households who fully occupy or can demonstrate that they are financially able to afford the property.
No deposit is required, however a payment in advance is payable at sign up depending on your payment method and frequency.
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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
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