Property Brief
Vacant three-bed semi-detached house on Lake Drive, a quiet street off Holderness Road and located adjacent to East Park.

The ground floor comprises an entrance hall, living room, dining room and kitchen, whilst the first floor includes three bedrooms and a family bathroom. 

The property benefits from a front driveway and both a well-proportioned garden and a single garage to the rear.

Condition Report
The property appears to be structurally sound with no obvious defects. A tenent has recently vacated and the vendor is currently carrying out a light refurb to bring the property back up to a good lettable standard. See below scedule of works:

• Painting/decorating throughout
• New vinyl flooring in the kitchen
• Tidy rear garden
• Deep clean throughout
• New carpets in bedrooms

The pictures for this listing were taken in 2023, when the property was last vacant, and give a rough idea of the condition of the property upon purchase.

Rental Information
Market rent: £775 pcm

Comparables
See examples below of the 3 most recently sold properties on Lake Drive:

• Listed and sold for £185,000. End-terrace in immaculate condition with added loft conversion. Shows top end of value down the street.
• Listed for £170,000 (sold but price unconfirmed). Mid-terrace of comparable size and very good condition. Less-desirable plot but higher quality spec.
• Listed for £140,000 and sold for £144,700. Mid-terrace of comparable size and spec. Less desirable plot with no off-street parking.

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

Figures
Estimated upfront costs below:

Deposit = £35,000
Stamp duty = £7,300
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,400

Total = £44,195

Yield of 6.6% at market rent.

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To speak to our in-house Mortgage Advisor, call the office on 01482 562562 and ask to speak to Jack Newton.