3-bedroom terraced house · DH4 5AR
Listing removedListed 123 days · slow let
Opportunity summary
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About
**NEWLY RENOVATED**END OF TERRACE FAMILY HOME**THREE BEDROOMS**SOUTH/WEST FACING REAR GARDEN**GARAGE**POPULAR LOCATION** Pattinson Estate Agent are pleased to welcome to the rental market this spacious family home, which boasts three bedrooms and has recently being refurbished.
Perfectly positioned on Scott Street, Houghton Le Spring within easy access to local shops and amenities with fantastic transport links and great for commuting via the A690.
This property is also located within walking distance to Houghton Le Spring Town Centre and popular schools, in addition this residence is just a short drive to Herrington Country Park, Durham & Sunderland City Centre's.
This impressive home is well presented and spacious throughout, briefly comprises:- Entrance/hallway, spacious lounge, newly fitted kitchen/dining room and a ground floor W.C.
To the first floor lies three bedrooms and a modern three piece bathroom, externally there is an enclosed front garden and a South/West facing rear garden, which has a garage and the option of off road parking.
Early viewing comes highly recommended to appreciate the size, standard and location of this property. Please call our Houghton branch to arrange an appointment to view.
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-employed applicants 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: £775.00 Entance/Hallway Property entrance leading to the hallway, which has a carpet/laminate flooring, a radiator and a storage cupboard.
Lounge 4.11m x 3.61m Spacious lounge with newly lay carpet flooring, a radiator and double glazed front aspect window.
Kitchen/Dining Room 4.07m x 3.33m Stylish kitchen/diner benefiting from a range of upper and lower units with contrasting worksurfaces and matching up-stands, a stainless steel sink unit, plumbing for a washing machine and an integrated oven with a ceramic hob.
Laminate flooring, a radiator and a double glazed rear aspect window.
Ground Floor W.C 0.72m x 1.8m Convenient downstairs W.C with a hand wash basin, heated towel rail, laminate flooring, part UPVC cladded walls and a double glazed rear aspect window.
Bedroom One 3.72m x 4.17m Double bedroom with newly carpeted flooring, a radiator and a double glazed front aspect window.
Bedroom Two 3.74m x 2.99m Double bedroom with newly carpeted flooring, a radiator and a double glazed rear aspect window.
Bedroom Three 2.25m x 2.39m Third bedroom with a newly lay carpet flooring, a storage cupboard, radiator and a double glazed front aspect window.
Bathroom 2.2m x 1.95m Modern three piece bathroom benefiting from 'P' shaped bath with an overhead waterfall shower, a hand wash basin and W.C.
Laminate flooring, part UPVC cladded walls, a heated towel rail and a double glazed rear aspect window.
External Externally to the front there is an enclosed garden and to the rear there is a South/West facing garden with a garage (16'5 x 9'1), the garage also has the benefit of a glazed window and a radiator.
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
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FAQ
About Scott Street, Houghton Le Spring, Tyne and Wear, DH4 5AR
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