Lettings listing info
Sylvester properties are pleased to present to the rental market this two bedroom terraced property located on Derwent Street within Stanley. This property is available immediately and would make an ideal starter home complete with new flooring throughout.

The property benefits from neutral décor throughout and newly fitted carpets, creating a fresh and welcoming feel, ready for its next tenants to move in and make themselves at home.

The ground floor offers two separate reception rooms, providing excellent flexibility for everyday living. The lounge offers a comfortable space to relax and unwind, while the second reception room would make an ideal dining room or additional family space.

The kitchen provides a practical area for cooking and food preparation, with access to the rear of the property.

To the first floor are two bedrooms, offering comfortable accommodation, together with a family bathroom.

Situated within Stanley, the property is conveniently located for access to local shops, amenities, schools and transport links.

With its fresh neutral presentation, new carpets and two reception rooms, this property would make an ideal rental home for couples or small families.

COSTS

• Monthly Rent: £650 PCM
• Security Deposit: £650
• Holding Deposit: £150
• 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.