Wylam Street, Craghead, County Durham, DH9

This two bedroom property on Wylam Street, Craghead would make the ideal starter property. Comprising; to the ground floor, a spacious lounge and kitchen and to the first floor are two bedrooms and a bathroom. Externally, the property boasts a front garden and enclosed rear yard.

Lounge
The well-presented lounge is decorated with grey oak effect laminate flooring throughout, cream walls and a feature chimney breast. This spacious reception room comes complete with a double glazed window and a centrally heated radiator.

Kitchen
The kitchen benefits from a combination of white wall and base units topped with dark work benches. The kitchen also comes complete with plumbing suitable for a washing machine, spaces for a standalone oven as well as a sink. Decorated with white tiled splash back and grey oak effect vinyl flooring.

Master Bedroom
The master bedroom overlooks the front elevation of the property and benefits from neutral décor throughout. This bedroom can comfortably house a queen sized bed alongside other furnishings if required.

Bedroom Two
The second double bedroom overlooks the properties rear external spaces, decorated in décor which compliments the master. This room comes complete with a centrally heated radiator, various electrical points and a double glazed window.

Bathroom
The bathroom comes complete with a three piece white suite comprising of a WC, wash basin and bath with overhead shower. Decorated with oak effect laminate flooring and neutral walls.

External
Externally, the property boasts a front garden as well as an enclosed rear yard which can provide off road parking if desired.

COSTS

• Monthly Rent: £600 PCM
• Security Deposit: £600
• Holding Deposit: £138.46
• Council Tax Band: A


REFERENCING AND CREDIT CHECKS
A holding deposit equivalent to one week’s rent is required at the start of the application process. For successful applicants, this holding deposit will be deducted from the first month’s rent or the security deposit, subject to agreement with the payee.

In accordance with the Tenant Fees Act 2019, the holding deposit may become non-refundable if you fail the referencing or credit checks, provide false or misleading information, or do not disclose a County Court Judgment (CCJ) or Individual Voluntary Arrangement (IVA) on your application form or that of a nominated guarantor. Please note that up to 15 days may be required to complete all checks. If you have any concerns regarding the referencing process, you should contact a member of our team before making payment.

AFFORDABILITY REQUIREMENTS

Tenant Income
To pass the affordability assessment, the combined minimum annual income must equal at least 2.5 times the annual rent.
Example: £675 PCM × 12 = £8,100 per year × 2.5 = £20,250 minimum income.
This income may be combined between applicants in a joint tenancy.

Guarantor Income
A home owner guarantor must have a minimum annual income of at least 3 times the annual rent.
Example: £675 PCM × 12 = £8,100 per year × 3 = £24,300 minimum income.
Alternatively, a guarantor may qualify by holding savings or pension funds equal to or greater than this amount.

Tenants must insure their own belongings.
Tenants are usually responsible for all utility bills and Council Tax.