County Durham, are you undercharging for a 3-bed?

At NGU Homes, 3-beds are averaging £613 a month right now - real, achieved rents, not estimates. If yours is lower, you might be undercharging.

📍 Real rents, by bedroom count

Location makes a real difference too - our 3-beds in north and west Durham (Consett, Stanley, Chester-le-Street) average £682 a month, against £577 in the south west (Shildon, Bishop Auckland, Crook, Ferryhill).

📈 Real rent increases we’ve just pushed through

Here are six examples from the thirty-eight rent reviews we’ve completed for County Durham landlords since August, averaging a 6.5% increase overall - real increases, already agreed:

Increases across all 38 reviews ranged from 1.4% to 11.6%. The 6.5% average is close to the countywide rent growth figure of 6.1% below.

📍 Managed locally, wherever you are

Every rent review above was handled start to finish by our own team on the ground in the North East - the tenant conversation, the Section 13 notice, the paperwork. If you’re not local yourself, that’s the whole point: you get the return, and we handle the hassle. It’s a settled portfolio, too: 49% of our current County Durham tenancies have already run for two years or more, and the average so far is over three and a half years.

📊 The countywide numbers

County Durham’s average house price is up 4.9% this year, and rent has grown faster still, up 6.1%.

Here’s how that breaks down by property type:

💷 Buy-to-let snapshot by property type

Estimated gross yield, calculated from average price and average rent by property type. Excludes costs, fees, and void periods.

🏠 Investment opportunities we’re marketing

Two of the rent reviews above were in SR7 and DH6 - the same postcodes as the two properties below.

Pair of 2 Bed Flats, Woods Terrace, Murton, Seaham, SR7 - Offers over £110,000 - Tenanted, rent from day 1. Both flats tenanted at £1,000 pcm combined - a ~11% gross yield, no void period, EPC C.

2 Bed End of Terrace House, Albert Street North, Thornley, DH6 - Offers in region of £59,900 - Investment potential. Freehold, no chain, enclosed rear yard.

For more properties we’re marketing across County Durham, visit nguhomes.co.uk.

That’s what making money from property in County Durham actually looks like right now - real rent increases, on real properties, not just a market average. If you’d like to talk through your rent, a purchase, or your wider portfolio, just reply and I’ll go through the numbers with you, or call our Tyne & Wear team on 0191 491 0344.