Property Brief
Tenanted two-bed, end-terrace property located on Lorraine Street, HU8. The property features an entrance hall, open-plan living/dining room and kitchen on the ground floor. The first floor includes two bedrooms and a bathroom. There is a low-maintenance garden to the side/rear.

Condition Report
The property overall is in fair condition. The general decor and bathroom are a little dated. There is also a small section of damaged plaster in one of the bedrooms.

Rental Information
Current rent: £450 pcm
Market rent: £595 pcm
Tenancy agreement: Assured shorthold tenancy
Tenancy start date: May 2022

Comparables
The two most recent two-bed comparables on Lorraine Street seen on the open market were listed for £83,000 and £79,950 however, the sale price is unknown.

Compliance
Electrical certificate (EICR): Test date May 2022
Gas safety certificate: Test date August 2024
EPC rating: D (potential B)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £16,250
Stamp duty = £3,250
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £1,800

Total = £22,995

Current yield is 8.3% (or 11% based on market rent).

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