Property Brief
One-bed studio apartment located in Hull's well-regarded old town. The property comprises an open-plan living room/kitchen, shower room and a mezzanine bedroom. The apartment is 31 sqm.

Condition Report
The property is in fair condition throughout.

Rental Information
Current rent: £395
Market rent: £475

Leasehold Details
Management company: Cogan Chambers Management Limited
Ground rent: £75 pa
Lease length: 999 years from 1st January 2003 - 978 years remaining

Comparables
One property listed as of the 4th September 2024 for £65,000 however, appears to have a more modern decor.

Compliance
Electrical certificate (EICR): Test date May 2023
EPC rating: E (potential C)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £12,500
Stamp duty = £1,500
Broker fee (Est.) = £500
Solicitor fee (Est.) = £1,200
Ultralets fee = £1,800

Total = £17,500

Current yield is 9.5% (or 10.2% at market rent and accounting for the service charge).

Buyer Disclaimer - https://bit.ly/3CzncNu

We also have an in-house landlord insurance expert. Call the office on 01482 562562 and ask to speak with Jack Newton