Property Brief
Tenanted two-bed, mid-terrace house located on Grafton Street, Hull. The ground includes a living room, dining room, kitchen and utility room whilst the first floor comprises two double bedrooms and a bathroom. There is a small courtyard-style garden to the rear.

Condition Report
The property is in fair condition overall. The decor is dated and would benefit from an uplift however, the tenant is long-standing and happy with the current condition.

Rental Information
Current rent: £595 pcm
Market rent: £625 pcm
Tenancy agreement: Assured shorthold tenancy
Tenancy start date: 2013

Comparables
Similar 2-bed property listed for £80,000 in 2022 and sold for £85,000

Compliance
Electrical certificate (EICR): Test date September 2020
Gas safety certificate: Test date TBC
EPC rating: E (potential C)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £19,375
Stamp duty = £3,875
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £1,800

Total = £26,745

Current yield is 9.2% (or 9.7% 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.