Property Brief
Tenanted two-bed terrace property located on Glasgow Street, HU3. The ground floor comprises a living room, dining room, kitchen, utility room and bathroom, whilst the first floor consists of two double bedrooms. There is a good-sized garden to the rear.

Condition Report
The kitchen and bathroom are both in fair condition. General decor and carpeting/vinyl throughout the property are tired. Recent damp work has been carried out in the living room.

Rental Information
Current rent: £495 pcm
Market rent: £550 pcm in current condition (£625 pcm with no works required)
Tenancy start date: March 2011 - Assured shorthold tenancy
Tenant info: Long-term working tenant. No arrears. Happy to remain in the property and content with the property's condition.

Comparables
Comparables sold on Glasgow Street in the last 2 years:
Left: Listed for £70,000 and sold for £71,000. Full refurb was needed.
Right: Listed and sold for £69,950. Full refurb needed.

Compliance
Electrical certificate (EICR): Test date May 2021
Gas safety certificate: Test date December 2025
EPC rating: D (potential C)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £16,250
Stamp duty = £3,250
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,400
Ultralet's buyer fee = £1,800

Total = £23,195

Offering a yield of 9.1% (or 10.2% at market rent based on current condition).

Disclosure:
This property is owned by a company Director. Please accept this as a personal interest declaration of Ultralets - Synergy Forward Limited.

Buyer Disclaimer - https://bit.ly/3CzncNu

To speak to our in-house Mortgage Advisor, call the office on 01482 562562 and ask to speak to Jack Newton.