Property Brief
Vacant three-bed end-terrace house located on Wellsted Street, HU3. The ground floor comprises a living room, dining room, kitchen and bathroom, whilst the first floor consists of three bedrooms.

There is a low-maintenance wrap-around garden leading to a small rear yard.

Condition Report
The property is in need of a full refurbishment. See recommended work schedule below:

• New front and rear doors.
• Internal/external rubbish removal.
• Replace kitchen.
• Replace bathroom.
• Full redecoration.
• Vinyl/carpeting throughout.
• Floorboard repairs.
• Clean gutters front/rear.

Rental Information
Market rent: £650 pcm (once refurbished)

Compliance
Electrical certificate (EICR): Test date May 2023
Gas safety certificate: Test date August 2024 (out of date)
EPC rating: TBC
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £14,500
Stamp duty = £2,900
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,400
Ultralet's buyer fee = £1,800

Total = £21,095

Offering a yield of 13.4% (not accounting for refurb costs).

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.