2-bedroom house · DH8 8AP
Listing removedListed 88 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinson Estate Agents are pleased to offer to the rental market this well-presented two-bedroom home, situated within a popular residential area of Consett.
The accommodation briefly comprises an enclosed entrance porch leading into a spacious living room with neutral two-tone dcor, grey fitted carpet and feature fireplace.
The fitted kitchen offers a range of cream wall and base units, coordinating worktops, integrated oven, electric hob and extractor hood, with glazed doors providing access to the rear garden.
To the first floor are two neutrally decorated bedrooms, with the main bedroom benefiting from fitted wardrobes incorporating mirrored doors.
The bathroom is fitted with a white three-piece suite, including a panelled bath with overhead shower and screen.
Externally, the property benefits from allocated off-road parking and an enclosed rear garden featuring a paved patio, lawn and established planted borders. Early viewing is recommended.
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: 812.50 External A brick-built home featuring an enclosed entrance porch, lawned front garden and pathway, together with allocated off-road parking.
Living Room (4.57m x 3.38m) A spacious living room featuring neutral two-tone dcor, fitted grey carpeting, a front-facing window, radiator and feature fireplace, with stairs leading to the first floor.
Kitchen (3.38m x 1.83m) Fitted kitchen with a range of cream wall and base units, coordinating worktops and tiled splashbacks.
Features an integrated oven, electric hob, extractor hood and stainless-steel sink, with glazed doors opening onto the rear garden.
Bedroom One (3.38m x 2.74m) A well-proportioned double bedroom with neutral dcor, grey fitted carpet, radiator and a range of fitted wardrobes incorporating mirrored doors.
Bedroom Two (3.38m x 2.15m) A well-presented second bedroom with neutral dcor, grey fitted carpet, window and radiator.
Bathroom (2.72m x 2.44m) Fitted with a white three-piece suite comprising a panelled bath with overhead shower and screen, WC and wash basin. Finished with grey wall tiling and patterned flooring.
Garden An enclosed rear garden featuring a paved patio, lawn and established borders with a variety of mature shrubs and trees.
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
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FAQ
About 30, Oakfield Lane, Consett
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