Property Brief
High-yield investment opportunity with scope to increase both the property's value and achievable rent.

Tenanted three-bed, mid-terrace property located off Albert Avenue, HU3. The ground floor includes an open-plan living/dining room, kitchen and WC, whilst the first floor comprises three bedrooms and a bathroom. There is a small yard to the rear.

Condition Report
The tenant is content with the current condition of the property; however, we would recommend the following work schedule if reletting:

• Redecoration throughout.
• Carpeting/vinyl throughout.
• Replace bathroom.
• Fix floorboards in the hallway.

Rental Information
Current rent: £575 pcm
Market rent: £695 pcm (based on completing the aforementioned works schedule)
Tenancy start date: July 2017

Comparables
See examples of similar 3-bed properties sold within the last 12 months:

• Listed for £90,000 and selling for £85,000 in December 2024. Appeared to be in good condition with no works required.
• Listed for £89,000 and sold in August 2025 (sale price unknown). Appeared to be in good condition with no works required.

Following the above works, we estimate the property to be worth in the region of £85,000.

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

Figures
Estimated upfront costs below:

Deposit = £16,250
Stamp duty = £3,250
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralet's buyer fee = £1,800

Total = £22,995

Yield of 10.6% (or 12.8% 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.