Property Brief
Tenanted four-bed, mid-terrace house located on Malm Street, HU3. The ground floor consists of an entrance hall, living room, dining room and kitchen whilst the first floor comprises four bedrooms and a bathroom.

The property comes with a low-maintenance courtyard garden with an integral shed/storage.

Condition Report
The property overall is in good condition with no obvious structural defects. The kitchen and bathroom are both in fair condition. Some superficial marks on walls in the dining room, hallways and kitchen - minimal cosmetic works.

Rental Information
Current rent: £675 pcm
Market rent: £825 pcm
Tenancy agreement: Assured shorthold tenancy
Tenancy start date: November 2021

Comparables
The property on the left is the most recent 4-bed sold in August 2023 for £120,000. The property appeared to be in fair condition but a little dated.

The property on the right is a 3-bed Ultralets sold for £106,000 in June 2023 in good condition.

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

Figures
Estimated upfront costs below:

Deposit = £26,250
Stamp duty = £5,250
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £1,890

Total = £35,085

Current yield is 7.7% (or 9.4% 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.