Property Brief
Block of three apartments under a single freehold title. The building consists of 2 x one-bed apartments and 1 x two-bed duplex. Each apartment has separate utilities as well as central heating.

Flat 3 also has access to a good-sized rear garden.

All photos taken pre-tenancy start dates.

Condition Report 
The overall condition of the building is fair with no obvious structural defects apparent.

Apartment 1 - Vacant and ready to let. No works required.

Apartment 2 - No works required.

Apartment 3 - Some light cosmetic work required.

General Information
Apt 1 (1-bed)
Size: 49 sq m
Current rent: N/a (currently vacant)
Market rent: £495 pcm

Apt 2 (1-bed)
Size: 39 sq m
Current rent: £495 pcm
Market rent: £495 pcm

Apt 3 (2-bed duplex with garden)
Size: 54 sq m
Current rent: £375 pcm
Market rent: £550 pcm

Compliance
Apt 1
Electrical certificate (EICR): Test date November 2025
Gas safety certificate: Test date April 2025
EPC Rating: C (69), potential C (76)
Council Tax Band: A

Apt 2
Electrical certificate (EICR): Test date April 2021
Gas safety certificate: Test date September 2025
EPC Rating: C (73), potential C (77)
Council Tax Band: A

Apt 3
Electrical certificate (EICR): Test date November 2025
Gas safety certificate: Test date October 2025
EPC Rating: D (61), potential B (87)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £35,000
Stamp duty = £7,300
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,400
Ultralet's buyer fee = £2,520

Total = £46,715

Yield of 11.6% once the vacant flat is tenanted (increasing to 13.2% if flat 3's rent is increased to market rates).

Ultralets are offering a free rent increase to flat 3 if used for ongoing management of the building.


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.