Properties available to be purchased individually or as part of a portfolio.

Property Brief
Portfolio consisting of five residential freehold properties located across Hull (HU3, HU4, & HU9). Various schedules of work are required across the portfolio:

41 Kilnsea Grove, Hull HU9 3QP (3-bed semi-detached house) - £75,000
43 Kilnsea Grove, Hull HU9 3QP (3-bed semi-detached house) - £75,000
4 The Avenue, Hull HU4 6QA (2-bed terrace house) - £47,500
28 Queensgate Street, Hull HU3 2TT ( 3-bed end-terrace house) - £85,000
53 Albany Street, Hull HU3 1PN (Block of 3 self-contained flats) - £145,000

Total portfolio price - £427,500
Market value - £530,000 (based on suggested property improvements)

Total current rent - £3,645 pcm
Total market rent - £4,265 pcm (based on suggested property improvements)

Work Required 
41/43 Kilnsea Grove
A structural report for Kilnsea Grove identifies cracking in the external walls suspected to be caused by foundation subsidence, a long-term issue that appears to be either dormant or slowly progressive. Further investigations, including drain testing and trial holes, are recommended to determine the exact cause and necessary remedial works before any repairs are undertaken.

Both properties are generally in poor condition throughout.

4 The Avenue
The property is generally in fair condition throughout; however, it has an open environmental order, which is currently being dealt with. Outstanding works:

- Roof replacement - quoted circa £8,000
- Renew defective front access path - await quote
- Resolve damp kitchen floor - await quote.

28 Queensgate Street
The property is generally in fair condition throughout. The bathroom is dated but functional. No immediate works required.

53 Albany Street
Each of the 3 flats are in fair to good condition throughout with no outstanding works required.

Compliance
All properties within the portfolio fall under Council Tax Band A. Full compliance documentation is on file, with all Gas Safety Certificates (CP12) and Electrical Installation Condition Reports (EICR) currently in date. EPCs are all in date and can be found below:

41 Kilnsea Grove
43 Kilnsea Grove
4 The Avenue
28 Queensgate Street
F1, 53 Albany Street
F2, 53 Albany Street
F3, 53 Albany Street

Figures
Estimated upfront costs below:

Deposit = £106,875
Stamp duty (Est.) = £32,750
Ultralets fee = £7,695

Total = £147,320 excl. solicitor and mortgage fees.

Current yield is 10.2% (or 12% at market rents).

Buyer Disclaimer - https://bit.ly/3CzncNu