Property Brief
Located in the seaside town of Hornsea on the East Coast of Yorkshire, this one-bedroom, ground-floor flat comprises a front yard, side access into a good-sized entrance hallway with all other rooms accessible, including a family bathroom, storage cupboard, double bedroom, well-proportioned lounge and a separate kitchen. uPVC double-glazed throughout with gas central heating.

Condition Report
The property appears to be in good order with no visible defects to the structure, gutters, drainpipes or soffits. The property is decorated in neutral tones throughout with UPVC double glazing and side access door.

Rental Information
Current rent: £520 pcm
Market rent:  £520 pcm

Tenancy agreement: 6-month AST
Tenancy start date:  March 2024
Tenant info: Single, employed occupant, working.

Leasehold Details 
Original Lease Term: 125 Years at 2003
Lease Term Remaining: 104 Years at 2024
Freeholder: East Riding Council
Service charge for current period: £105.98 per annum
Service charges vary dependent on necessary repairs.

Comparables
The most recent comparable available, so it's clear that these properties rarely come to the market.
The report shows that this property did sell for the asking price.

Compliance
Electrical certificate (EICR): October 2020
Gas safety certificate: Test date: April 2025
EPC rating: C 75 (potential C 78)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £15,000
Stamp duty = £3,000
Broker fee (Est.)= £495
Solicitor fee (Est.) = £1,200

Total = £19,695

Current yield is 10.4%.

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.