*Available with either vacant possession or tenant in situ*

Property Brief
Two-bed maisonette located in the city centre near the desirable Hull Marina. The property briefly comprises a living room, kitchen, bathroom and two bedrooms. It also benefits from a rear garden and garage.

Condition Report
The property appears to be structurally sound overall however, would benefit from some cosmetic work.

Rental Information
Current rent: £425 pcm
Market rent: £650 pcm
Tenancy agreement: Assured shorthold tenancy
Tenancy start date: February 2011
Tenant info: Working tenant, no history of arrears.

Section 21 has been served to the tenant, expiring on 5th September however the vendor is willing to accept offers based on both vacant possession and tenant in situ.

Leasehold Details (if applicable)
Term: 99 years from 17th January 1986 - 61 years remaining (the vendor is currently undergoing a lease extension which will see the term extended to 150 years)
Ground rent: £25 per annum
Buildings insurance: £367.35 per annum

Comparables
2 x comparable, nearby properties listed and sold within the last year. Note the apartment on Marine Wharf was in need of a light refurb.

Compliance
Electrical certificate (EICR): Test date April 2021
Gas safety certificate: Test date May 2024
EPC rating: D (potential C)
Council Tax Band: B

Figures
Estimated upfront costs below:

Deposit = £21,250
Stamp duty = £2,550
Broker fee (Est.) = £500
Solicitor fee (Est.) = £1,200
Ultralets fee = £1,800

Total = £27,300

Current yield is 6% (8.8% at market rent).

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