Property Brief
Vacant end-terrace property located on Inglemire Lane, HU6. The ground floor includes an entrance hall, two reception rooms, kitchen, WC and utility room, whilst the first floor comprises a two-piece bathroom and three well-proportioned double bedrooms.

With an estimated market value of £115,000 post-cosmetic works, this provides a good opportunity to secure a solid family rental property at a discounted price.

Condition Report
The property appears to be in overall good structural condition although there is some evidence of damp. We recommend mainly cosmetic works including painting and flooring throughout (carpets/vinyl). The bathroom is in reasonable condition but a little dated. The boiler appears to be in good working order. 

Rental Information
Market rent: £750 pcm
Tenant demographic: Well-suited for a long-term family rental.

Comparables
Comparable but less desirable mid-terrace in lettable condition listed for £110,000 and sold for £106,000 in January 2024.

Compliance
Electrical certificate (EICR): Test date December 2024
Gas safety certificate: Test date October 2024
EPC rating: D (potential B)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £25,000
Stamp duty = £5,000
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200

Total = £31,695

Yield of 9% (based on 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.