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

Property Brief
Portfolio consisting of eight residential properties located in Hull, held under a mix of personal and limited company ownership. Of the eight units, one is held in a single name, five are held jointly, and two are held within a limited company of which both vendors are directors.

The portfolio comprises three freehold houses, one freehold bungalow, and four leasehold flats. All units currently tenanted. The internal condition across the portfolio is fair to good with no immediate works required. The properties are currently managed by Ultralets. The portfolio includes:

Freehold
7 Leura Grove, Hull HU3 3SH (3-bed mid-terrace house) - £67,500
3 Holderness Villas, Hull HU9 5RQ (2-bed mid-terrace house) - £60,000
3 Edmonton Villas, Hull HU9 5RG (2-bed mid-terrace house) - £60,000
17 Pitt Street, Hull HU3 6PN (3-bed mid-terrace house) - £72,500

Leasehold
24 Weymouth Close, Hull HU7 6AS (1-bed ground-floor flat) - £47,500
19 Pease Street, Hull HU3 2EW (2-bed second-floor flat) - £47,500
18 Kendal House, Hull HU3 2PE (2-bed top-floor duplex flat) - £47,500
56 Lindsey Place, Hull HU4 6AE (2-bed seventh-floor flat) - £47,500

Total portfolio price: £450,000

Rental Information
7 Leura Grove
Current rent: £545 pcm
Market rent: £625 pcm

3 Holderness Villas
Current rent: £495 pcm
Market rent: £575 pcm

3 Edmonton Villas
Current rent: £495 pcm
Market rent: £575 pcm

17 Pitt Street
Current rent: £595 pcm
Market rent: £625 pcm

24 Weymouth Close
Current rent: £475 pcm
Market rent: £495 pcm

19 Pease Street
Current rent: £495 pcm
Market rent: £495 pcm

18 Kendal House
Current rent: £495 pcm
Market rent: £495 pcm

56 Lindsey Place
Current rent: £485 pcm
Market rent: £495 pcm

Total current rent: £4,080 pcm
Total market rent: £4,380 pcm


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. Regarding energy performance, seven properties hold an EPC rating of C, with the remaining one rated D; specific certificates are linked below. Leasehold information for the four flats is available upon request.

EPC rated "C"
7 Leura Grove
3 Holderness Villas
3 Edmonton Villas
17 Pitt Street
24 Weymouth Close
19 Pease Street
56 Lindsey Place

EPC rated "D"
18 Kendal House

Figures
Estimated upfront costs below:

Deposit = £112,500
Stamp duty = £12,000 (based on commercial rates due to purchasing 6+ properties)
Ultralets fee = £8,100

Total = £132,600 excl. solicitor and mortgage fees.

Current gross yield is 10.9% (or 11.7% at market rents).

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