3-bedroom house · NE34 8BG
Listing removedListed 77 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary | three bedroom | semi detached house | beautifully presented | large enclosed gardens | double diveway | kitchen/diner | We are delighted to offer to the market this well presented three bedroom semi detached house on the popular Sycamore Avenue, Cleadon Park.
Benefiting from gas central heating and double glazing the property has the added benefit of an enclosed rear garden and double driveway to the front.
Comprising briefly :- Upvc door to the entrance hallway with door to the lounge ands stairs to the first floor landing.
The kitchen/diner leads from the lounge while to the first floor landing lie bedroom one, bedroom two, bedroom three and family bathroom.
Externally an enclosed garden lies to the rear with a large timber shed. Double driveway to the front providing off street parking.
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: 923.08 Entrance Upvc door to the entrance hallway with door to the lounge ands stairs to the first floor landing.
Lounge Double glazed french door to the patio and central heating radiator.
Kitchen Fitted with a range of wall and base units with roll top work surfaces, one and a half bowl stainless steel sink unit with mixer tap and splash back tiling. Electric oven and gas hob.
Double glazed window to the front and rear. Bedroom One. Double glazed window and central heating radiator. Bedroom Two Double glazed window and central heating radiator.
Bedroom Three Double glazed window and central heating radiator. Bathroom Comprising low level w.c. Panelled bath and wash basin. External An enclosed garden lies to the rear with timber shed.
Off street parking to the front.
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 21, Sycamore Avenue, South Shields
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