Property Brief
PRICED FOR QUICK SALE - £15,000 - £20,000 BELOW MARKET VALUE

Tenanted two-bedroom property located in Kingswood, HU7. The ground floor includes an entrance hallway, lounge, kitchen/diner and W/C whilst the first floor briefly comprises two double bedrooms and a bathroom. Low-maintenance gardens to the front and rear with parking.

The same vendor is also selling another tenanted property. Accepting offers on one or both properties. Link below ⬇️

https://www.ultralets.co.uk/investors/properties/11-ravenser-court

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

Rental Information
Current rent: £700 pcm
Market rent: £775 pcm
Tenancy agreement: Assured shorthold tenancy
Tenancy start date: August 2022

Comparables
The most recent 2-bed terrace sold on the same street was listed for £150,000 and sold for £148,000 in June 2022.

Compliance
Electrical certificate (EICR): Test date October 2020
Gas safety certificate: Test date September 2023
EPC rating: B (potential A)
Council Tax Band: B

Figures
Estimated upfront costs below:

Deposit = £33,000
Stamp duty = £3,960
Broker fee (Est.) = £500
Solicitor fee (Est.) = £1,200
Ultralets fee = £2,376

Total = £41,036

Current yield is 6.4% (or 7% yield based on market rent).

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

We also have an in-house landlord insurance expert. Call the office on 01482 562562 and ask to speak with Jack Newton