4-bedroom terraced house · TS1 4DJ
Listing removedListed 69 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NS Lettings welcomes to the market this spacious four-bedroom terraced house on Pelham Street situated in the TS1 area.
Spread over three floors, the property consists of a lounge with potential for a ground floor bedroom, separate dining room, kitchen and bathroom to the ground floor.
First floor shower room, providing versatile living space to suit a range of needs.
PLEASE NOTE • Holding Fee - £173.00 • Deposit - £865.00 • Affordability - £22500.00 • EPC – D • Council Tax Band - A Reference Checks and Credit Worthiness We will also carry out employment checks, affordability checks, previous lender and landlord references and proof of address history, usually a minimum of 3 years.
All applicants will be subject to a credit check carried out by a 3rd party agency to check for CCJs and IVAs. Applicants will need to provide proof of an income of at least 2.5 x annual rent.
Applicants will require a guarantor who is working and able to provide proof of an income 3x the annual rent .
Holding Deposit A holding deposit equivalent to at least 1 weeks rent will be required to reserve the property while referencing checks are being carried out.
With the tenants' consent this holding deposit will be refunded against the first months rent.
The holding deposit can be retained if the applicant provides false or misleading information, fails Right to Rent checks, withdraws from the property or fails to take reasonable steps to enter into the tenancy.
In accordance with the Tenant Fees Act applicants will be required to enter into the tenancy agreement no more than 15 days after paying the holding deposit.
Failure to do so for any of the afore mentioned reasons may result in you losing your holding deposit. An extension to the deadline may be entered into if agreed in writing by all parties.
Right to Rent Checks By law, Right to Rent checks must be carried and as such will be required to provide proof of ID and address in accordance with Home Office guidelines.
More information can be found at: Supporting Documentation The following could be required to be produced to support your application.
Passport, driving licence, bank statements (to assess income), utility bill (proof of address), payslips, benefits award letter, WFTC award letter and any other documents deemed as required.
You may not reproduce (in whole or in part), modify, decompile, disassemble, or transmit or use for any commercial purpose whatsoever any information from this website without NS Estates prior written consent.
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 Pelham Street, Middlesbrough
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