Property Brief
Tenanted end-terrace two-bed property located on Chester Road, HU5. The ground floor consists of an entrance hall, living/dining room, kitchen and W/C whilst the first floor comprises two bedrooms and a shower room. The property also benefits from a good-sized rear garden with a garage.

Condition Report
The property is in good condition throughout and the tenants taking good care of the house. No works required.

Rental Information
Current rent: £575 pcm
Market rent: £650 pcm
Tenancy agreement: Assured shorthold tenancy
Tenancy start date: March 2016

Current tenant is happy to remain in the property and has no history of arrears.

Comparables
Property on the left is a slightly larger 3-bed property listed for £150,000 and selling for £155,000 in July 2023. 

Property on the left is a comparable 2-bed in similar condition, listed and sold for £128,000 in October 2024

Compliance
Electrical certificate (EICR): Test date October 2020
Gas safety certificate: Test date July 2024
EPC rating: D (potential B)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £28,750
Stamp duty = £5,750
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £2,070

Total = £38,265

Current yield is 6% (or 6.8% based on market rent).

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To speak to our in-house Mortgage Advisor, call the office on 01482 562562 and ask to speak to Jack Newton.