Property Brief
Block of three apartments under a single freehold title. The building consists of 2 x one-bed apartments and 1 x two-bed apartment. The property has electric heating throughout, with each of the apartments benefiting from access to a good-sized, shared garden.

Total rental income of £1,450 pcm (£17,400 pa).

Condition Report 
The overall condition of the building appears to be good with no apparent, visible defects. Communal areas are generally in good condition.

Apartment 1 - Good condition, no works required.

Apartment 2 - Good condition, no works required.

Apartment 3 - Mostly good condition. Bathroom and some parts of the flooring are slightly dated.

General Information
Apt 1 (1-bed)
Size: 40 sq m
Current rent: £95 pw

Apt 2 (1-bed duplex)
Size: 46 sq m
Current rent: £115 pw

Apt 3 (2-bed duplex)
Size: 88 sq m
Current rent: £125 pw

Compliance
Apt 1
Electrical certificate (EICR): Test date March 2024
EPC Rating: C (73), potential C (74)
Council Tax Band: A

Apt 2
Electrical certificate (EICR): Test date March 2023
EPC Rating: E (42), potential C (74)
Council Tax Band: A

Apt 3
Electrical certificate (EICR): Test date April 2021
EPC Rating: C (69), potential C (76)
Council Tax Band: A

Figures
Estimated upfront costs:

Deposit = £40,000
Stamp duty = £8,700
Ultralets fee = £2,880

Total = £51,580 (not including solicitor and mortgage broker fees).

Current yield is 10.9%.

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.