Property Brief
PRICED FOR QUICK SALE - £15,000 - £25,000 BELOW MARKET VALUE

Tenanted two-bedroom property located in Hedon, HU9. The ground floor includes an entrance hallway, lounge, kitchen and W/C whilst the first floor briefly comprises two double bedrooms and a bathroom. There is a driveway to the front of the property and a low-maintenance garden to the rear.

Condition Report
The property is in good condition throughout - no works required.

Rental Information
Current rent: £645 pcm
Market rent: £695 pcm
Tenancy agreement: Assured shorthold tenancy
Tenancy start date: May 2020

Comparables
Comparable properties sold within the last 18 months ranging from £135,000 - £145,000.

Compliance
Electrical certificate (EICR): Test date May 2021
Gas safety certificate: Test date June 2024
EPC rating: C (potential B)
Council Tax Band: B

Figures
Estimated upfront costs below:

Deposit = £30,000
Stamp duty = £6,000
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £2,160

Total = £39,855

Current yield is 6.5% (or 7% yield 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.