Property Brief
Tenanted two-bed, mid-terrace house on Myrtle Grove, located just off Lorraine Street in HU8. 

The ground floor includes an entrance porch, living room, kitchen/diner, utility room and bathroom, whilst the first floor comprises two good-sized bedrooms. There are small gardens to both the front and rear of the property.

Condition Report
The property appears to be structurally sound with no obvious defects. The bathroom, kitchen and general decor is in good condition throughout. No works required.

Rental Information
Current rent: £450 pcm
Market rent: £550 pcm
Tenancy agreement: Assured shorthold tenancy
Tenancy start date: June 2021

Comparables
Similar two-beds on Myrtle Grove and other terraces off Lorraine Street listed and selling for £70,000.

Compliance
Electrical certificate (EICR): Test date November 2020
Gas safety certificate: Test date April 2024
EPC rating: C (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
Ultralets fee = £1,800

Total = £22,995

Current yield is 8.3% (or 10.2% at 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.