Property Brief
Block of three apartments for sale on Coltman Street, HU3. The building consists of 2 x one-bed apartments and 1 x two-bed apartment. Each apartment has separate utilities as well as central heating.

Two of the flats are currently vacant, the third is tenanted; however, the vendor would consider selling the building with vacant possession.

Varying work required for every aspect of the property, providing an opportunity to add value.

No pictures available for Flat 1. Most recent flat inspection available upon request.

Condition Report 
Current condition is summarised as follows:

• Communal Areas: Require cosmetic refurbishment.

• Flat 1: Currently tenanted; requires full modernisation should the unit become vacant.

• Flat 2: Requires a deep clean and general cosmetic updates. Area of water ingress that needs further investigation.

• Flat 3: Requires new flooring throughout; kitchen and bathroom facilities are dated and would benefit from replacement. Deep clean required.

• Exterior: The rear garden is overgrown and requires clearance.

General Information
Flat 1 (1-bed)
Status: Tenanted
Size: 73 sq m
Current rent: £345 pcm
Market rent: £495 pcm (post refurb)

Flat 2 (2-bed)
Status: Vacant
Size: 81 sq m
Current rent: N/a
Market rent: £550 pcm

Flat 3 (1-bed)
Status: Vacant
Size: 41 sq m
Current rent: N/a
Market rent: £495

Compliance
Flat 1
Electrical certificate (EICR): Test date May 2021
Gas safety certificate: Test date May 2025
EPC Rating: D (61), potential C (75)
Council Tax Band: A

Flat 2
Electrical certificate (EICR): Test date April 2021
Gas safety certificate: Test date July 2025
EPC Rating: C (72), potential C (79)
Council Tax Band: A

Flat 3
Electrical certificate (EICR): Test date June 2021
Gas safety certificate: Test date August 2025
EPC Rating: D (59), potential D (65)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £26,250
Stamp duty = £5,250
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,400
Ultralet's buyer fee = £1,890

Total = £35,285

Potential yield of 17.6% (excluding refurbishment costs).

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