Property Brief
Tenanted two-bed, mid-terrace property located in off Estcourt Street, HU9. The ground floor includes a living room, kitchen and bathroom, whilst the first floor comprises two bedrooms. There is a small yard to the rear.

The vendor is open to offers both tenanted and with vacant possession.

Condition Report
The property is in need of some work, including:

• Repairing or replacing the bathroom.
• Decorating/flooring throughout.
• Repairing cracked plaster below the window frame in the front bedroom.
• Treating some black mould in the front bedroom.
• Deep clean.

The tenants frequently leave the property in a very untidy and unclean condition.
(Marketing photos taken shortly after a professional clean).

Rental Information
Current rent: £575 pcm
Market rent: £625 pcm
Tenancy start date: March 2023

Comparables
Similar 2-bed mid-terrace properties off Estcourt Street in reasonable condition are valued and have been selling for in the region of £75,000.

Compliance
Electrical certificate (EICR): Test date March 2021
Gas safety certificate: Test date February 2025
EPC rating: C (potential B)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £15,625
Stamp duty = £3,125
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralet's buyer fee = £1,800

Total = £22,245

Yield of 11% (or 12% based on market rent).

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.