2-bedroom house · DH8 9BA
Listing removedListed 242 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Standing since the 16th Century on the border between Northumberland and Durham in countryside celebrated by the Government as an area of Outstanding Natural Beauty.
This truly outstanding two bedroom stone built cottage located in a sought after area of Castleside surrounded by Countryside, parks and walks.
This unique property was formally an old chapel house with loads of character, with vaulted beamed ceilings, exposed stone walls, feature fireplace, sash windows and wooden flooring.
With a magnificent open plan 25ft lounge/kitchen, dining area/study, own private garden, communal grounds shared with two neighbours and private parking.
Located in between Hexham and Durham with a short drive into Consett with its shops, schools, bars and restaurants. The floorplan comprises Entrance hall, two bedrooms, bathroom and dining room/study.
To the first floor open plan lounge/kitchen. Further benefits include, oil fired central heating, own and shared grounds with private parking.
This really is a fabulous property which we highly recommend viewing to appreciate what is on offer and will not be disappointed.
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.
However, couples who have previously co-habited, are married or are in a civil partnership will have their incomes combined and assessed jointly.
- Self- will require an accountant's reference and should have accounts for a minimum of two years. - 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: C Deposit: 1,025.00 Length of Tenancy: 6/12 months Entrance Hall Entrance door, wooden flooring, double radiator, wall lights, beams to the ceiling, stairs to the first floor.
Bedroom One (3.9m x 3.0m) Two front aspect narrow Balistraria area windows, single radiator, wall light points, built in cupboard.
Bedroom Two Three front aspect narrow Balistraria area windows, single radiator, wall lights Bathroom White three piece suite comprising panelled bathe with shower over, vanity wash basin, low level w.c.
Heated towel rail, extractor fan, built in cupboard, rear aspect window. Dining Room/Study (4.6m x 2.3m) Two rear aspect windows, double radiator, wooden flooring, vaulted ceiling. Rear aspect window.
Lounge (7.7m x 5.0m) Two front aspect sash windows, feature fireplace, rear aspect door with steps leading to the rear garden, exposed stone walls, vaulted ceiling with exposed beams, double radiator, wall lights.
Open plan into the kitchen.
Kitchen (3.2m x 1.4m) Fitted wall and base units incorporating counter work tops with a one and a half bowl sink unit, built in electric oven, gas hob with extractor hood over, integral fridge, freezer, vaulted ceiling, spot lighting.
Front Garden Gravelled area with wrought iron railings with gate access to the rear gardens and parking area.
Rear Private Gravelled and paved areas, wooden fence with gate access to shared grounds, stone built storage building with boiler and space for a washing machine.
Shared Grounds The grounds are shared with both neighbours which are mainly laid to lawn, parking area, flower, tree and shrub boarders.
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
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FAQ
About Allensford Mill Farm, Chapel House, Consett
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