Property Brief
Tenanted three-bed terrace house located on Pitt Street, HU3. The ground floor includes an entrance hall, open-plan living/dining room and kitchen, whilst the first floor comprises three bedrooms and a bathroom. There is a low-maintenance garden to the rear of the property.

Fully double-glazed and gas central heating.

Condition Report
The property is in fair condition throughout with no work required.

Rental Information
Current rent: £595 pcm
Market rent: £625 pcm
Tenancy start date: April 2024

Comparables
2 similar 2-bed properties listed on Abbey Street for £80,000 within the last 2 years - both in good condition. The property pictured left sold for £76,000 and the property on the right for £86,000.

Compliance
Electrical certificate (EICR): Test date October 2024
Gas safety certificate: Test date December 2025
EPC rating: C (potential B)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £17,500
Stamp duty = £3,500
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,400
Ultralet's buyer fee = £1,800

Total = £24,695

Current yield of 11.1%.

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.