Property Brief
Mid-terrace property consisting of five self-contained one-bed flats with communal front entrance and rear garden.

All units are gas central-heated with separate boilers and split utilities (except flat 5 which has electric storage heaters). Tenants are responsible for all utility costs.

Vendor currently owns the leaseholds but in the process of having the freeholds transferred to them. This is expected to be complete by May 2026.

Listing pictures are of flat 4 pre-tenancy. All flats are of a near-identical specification.

Condition Report 
The property is in a good overall condition with no obvious structural defects. 2025: All flats and communal areas refurbished, garden cleared and became fully occupied. 

General Information
Flat 1
Size: 41 sq m
Current rent: £450 pcm
Market rent: £495 pcm
Tenancy start date: September 2025

Flat 2
Size: 44 sq m
Current rent: £495 pcm
Market rent: £495 pcm
Tenancy start date: November 2025

Flat 3
Size: 42 sq m
Current rent: £495 pcm
Market rent: £495 pcm
Tenancy start date: December 2025

Flat 4
Size: 53 sq m
Current rent: £475 pcm
Market rent: £495 pcm
Tenancy start date: August 2025

Flat 5
Size: 56 sq m
Current rent: £475 pcm
Market rent: £495 pcm
Tenancy start date: October 2025

Compliance
Flat 1
Electrical certificate (EICR): Test date October 2025
Gas certificate: Test date September 2025
EPC Rating: D (58), potential C (73)
Council Tax Band: A

Flat 2
Electrical certificate (EICR): Test date February 2023
Gas certificate: Test date September 2025
EPC Rating: C (69), potential C (78)
Council Tax Band: A

Flat 3
Electrical certificate (EICR): Test date August 2022
Gas certificate: Test date November 2025
EPC Rating: C (70), potential C (76)
Council Tax Band: A

Flat 4
Electrical certificate (EICR): Test date October 2023
Gas certificate: Test date December 2025
EPC Rating: C (70), potential C (80)
Council Tax Band: A

Flat 5
Electrical certificate (EICR): Test date January 2022
EPC Rating: D (69), potential C (69)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £56,250
Stamp duty = £13,250
Ultralet's buyer fee = £4,050

Total = £73,550 (plus solicitor / mortgage arrangement fees)

Currect yield of 12.7% (or 3.2% if rents for all units are at market rate).

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