2-bedroom terraced house · DH8 5NS
To rentListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Sylvester Properties have the pleasure of presenting to the rental market this two bedroom mid terraced property located on Elsdon Gardens, Consett.
Consett is home to various local amenities including various shops, schools and leisure facilities. Consett also provides excellent transport links to both Newcastle and Durham City Centres.
Entrance hall Upon entering the property access is granted to the entrance hall.
Decorated in neutral tones with plush newly fitted grey carpets and white walls, this space provides access to the properties lounge and staircase.
Lounge The main focal points of the lounge are an exposed traditional fire place with dark oak surround and white mantle place and a striking white ceiling rose.
This room also has the benefit of having a large bay window which allows an abundance of light to fill the light and airy space.
Decorated with grey carpets and white walls, this spacious room is the perfect space to relax as a family. Dining room From the lounge, access is granted to the dining room.
This space is decorated with plush grey carpets and clean white walls.
This room boasts traditional features such as a ceiling rose and a bricked fire surround and will comfortably fit a family sized dining table if required.
Kitchen Located at the rear of the property behind a partially glassed door in the dining room lies the kitchen.
The kitchen has the benefit of having a combination of oak effect wall and base units with marble effect work benches.
Fully equipped with an oven with electric hob, washing machine and stainless steel sink. Decorated with grey laminate flooring and beige tiled splash back.
Stairs The staircase is located to the front of the property. Decorated with plush grey carpets, white walls and complete with white high gloss bannisters.
Landing The landing continues the neutral tones of grey and white seen throughout the rest of the first floor, providing access to the properties two bedrooms, family bathroom and loft access.
Master bedroom The master bedroom is located to the front of the property and includes a bay window which overlooks the well maintained front garden below.
This light and airy room is decorated with grey carpets and white wallpapered walls and has the benefit of having three built in wardrobes complete with mirrored sliding doors.
Bedroom two The second bedroom is decorated in the same colour scheme as the first, this versatile room would comfortably fit a double bed if required but also comfortably be adapted for use as an at home office or dressing room.
A centrally heated radiator and various electrical points are included. Bathroom The bathroom contains of a three piece white suite comprising of wc, wash basin and bath complete with overhead shower.
Decorated with black and white tiles on the floors and the walls.
External Externally, the property benefits from having a large enclosed garden to the front and also an enclosed, private garden to the rear.
Costs • Monthly Rent: £700.00PCM • Security Deposit: £700.00 • Holding Deposit: £161.53 • 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 home owner 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.
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.
Area
Agent & docs
FAQ
About 3, Elsdon Gardens, County Durham
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