1-bedroom house · DH8 7SD
To rentReduced £75 (−12.5%) on 8 OctListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Fantastic opportunity to rent this spacious one bedroom mid terrace character property in Leadgate, Consett.
Available now, this unfurnished home features an open plan lounge and kitchen, offering a sociable living space with a double glazed front aspect window, single radiator, velux window, wooden flooring, and access to a study.
The kitchen is fitted with wall and base units, counter work tops, a one and a half bowl sink unit, built in electric oven and gas hob, single radiator, extractor fan, and velux window.
The entrance hall provides a double glazed entrance door, under stairs cupboard, and double radiator. The bedroom includes a double glazed front aspect window, double radiator, and laminate flooring.
The bathroom is fitted with a white three piece suite comprising a step in shower cubicle, pedestal wash hand basin, low level w.c., and down lighting.
Additional features include gas central heating, double glazing throughout, council tax band A, and on street parking.
There is also access to a shared communal outside space, and the property Located close to local shops and amenities with excellent bus and road links into Consett and Newcastle.
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: 750.00 Entrance Hall Double glazed entrance door, double radiator, under stairs cupboard, double radiator.
Bedroom (4.3m x 2.8m) Double glazed front aspect window, double radiator, laminate flooring.
Bathroom White three piece suite comprising step in shower cubicle, pedestal wash hand basin, low level w.c. Down lighting.
Lounge (6.9m x 4.5m) Double glazed front aspect window, single radiator, velux window, wooden flooring, door into study and open plan into the kitchen.
Kitchen Fitted wall and base units incorporating counter work tops with a one and a half bowl sink unit, built in electric oven and gas hob, single radiator, extractor fan, Velux window.
Study Double glazed front aspect window, single radiator, built in cupboard. Communal Area Shared communal outside space.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
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FAQ
About Bridge Cottage, Watling Street, Consett
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