Property Brief
Tenanted two-bed, mid-terrace house located on Grafton Street, Hull. The ground includes a living room, dining room, kitchen and utility room whilst the first floor comprises two double bedrooms and a bathroom. There is a small courtyard-style garden to the rear.

Condition Report
The property is in fair condition overall. A previous roof issue has led to some water damage to the bathroom ceiling which the vendor will replaster prior to completion. The decor is dated and would benefit from an uplift however, the tenant is long-standing and happy with the current condition.

Rental Information
Current rent: £595 pcm
Market rent: £625 pcm
Tenancy agreement: Assured shorthold tenancy
Tenancy start date: 2013

Comparables
Similar 2-bed property listed for £80,000 in 2022 and sold for £85,000

Compliance
Electrical certificate (EICR): Test date September 2020
Gas safety certificate: Test date TBC
EPC rating: E (potential C)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £19,375
Stamp duty = £2,325
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £1,800

Total = £25,150

Current yield is 9.2% (or 9.7% based on market rent).

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