2-bedroom terraced house · SR8 2NS
To rentListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary No deposit option available* New to Pattinson Estate Agents for rent is this 2 bedroom home (originally 3 bed) situated on Christchurch Place, Peterlee.
This immaculate two bedroom family home situated in a popular area within Peterlee.
Good standard throughout benefiting from double glazing, integrated modern kitchen, open plan lounge diner, family bathroom have a 4 piece suite and two double bedrooms.
Externally, open plan garden to the front elevation, enclosed low maintenance garden to the rear.
Offering a substantial family home with close proximity of Schools, town centre and other local amenities. To book your internal viewing please the local office.
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 External Front Open plan front field laid to lawn.
Entrance Hall Double glazed entrance door, radiator, carpeted flooring and staircase to first floor.
Lounge Dining Two radiators, carpeted flooring, 2 double glazed windows and double glazed external door to front aspect.
Kitchen Having a range of wall and base units incorporating a sink unit, cooker point, tiled walls, tiled flooring, built in storage cupboard, radiator, laminate flooring, 2 double glazed windows and external rear door.
Bedroom One With radiator, built in double cupboard, carpeted flooring and a double glazed window. Bedroom Two With radiator, built in double cupboard, carpeted flooring and a double glazed window.
Bathroom With a panelled bath, wash hand basin and separate shower cubicle.
Radiator, vinyl flooring and double glazed window W/c Separate w.c fitted with a low level w/c and hand wash basin, with a double glazed window to the rear.
External Rear Low maintaining enclosed rear garden laid to patio.
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
FAQ
About 66, Christchurch Place, Peterlee
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