Property Brief
SIGNIFICANT POTENTIAL FOR CAPITAL GROWTH!

£20,000 - £25,000 below market value - light cosmetic works needed 🛠️

Vacant three-bedroom property located on Navigation Way, Victoria Dock. The ground floor includes an entrance hallway, living room, kitchen/diner, conservatory and WC whilst the first floor comprises of three bedrooms and a family bathroom.

There is off-street parking via a front driveway and a part-paved, part-grassed side/rear garden providing a further parking space if required

Condition Report
The property is in a fair, lettable condition overall but would benefit from some light cosmetic works. 

Rental Information
Market rent: £895
Tenant demographic: Typically families / working professionals.

Comparables
Comparable 3-bed semi-detached and end-terrace properties are being listed bewteen £185,000 - £190,000. 

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

Figures
Estimated upfront costs below:

Deposit = £40,000
Stamp duty = £8,000
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £2,880

Total = £52,575

Yield of 6.7% 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.