Property Brief
Vacant two-bed, second-floor apartment situated on the desirable Plimsoll Way, Victoria Dock. The apartment comprises an entrance hall, main living space with french doors leading onto a balcony, kitchen, bathroom and two bedrooms.

The property benefits from a designated off-street parking space and views of the river and slipway.

The property is currently tenanted with the current tenants due to vacate on the 8th July. The property is to be purchased with vacant possession.

Condition Report
The kitchen and bathroom are both in fair condition. The property would benefit from some light cosmetic works throughout. All windows are fully double-glazed. The boiler is functional but dated.

Rental Information  
Market rent: £775 pcm

Leasehold Details 
Original Lease Term: 125 years
Lease start date: 1st July 1993
Service charges: £75.80 PCM
Ground Rent: Peppercorn

Comparables
An identical property in good condition was listed for £125,000 and sold in May 2024 for £121,000.

Compliance
Electrical certificate (EICR): Test date September 2020
Gas certificate: Tested 16th May 2025
EPC rating: C (75), potential C (77)
Council Tax Band: B

Figures
Estimated upfront costs below:

Deposit = £27,500
Stamp duty = £5,500
Broker fee = £495
Solicitor fee (Est.) = £1,400
Ultralets fee = £1,980

Total = £22,695

Yield of 8.5% (based on 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.