Property Brief
Vacant 2-bed terrace house located on Roslyn Road, HU3.

The ground floor includes an entrance hallway, living room and single-storey extension housing the kitchen and WC, whilst the first floor comprises two bedrooms and a bathroom.

There are both low-maintenance gardens to the front and rear with off-street parking available via the rear.

Condition Report
The property is in need of a full refurb with the following issues noted:

• Decorating throughout
• Dated kitchen and bathroom
• No front door handle (exterior)
• No bathroom window handle
• Crack to front of property between ground and first-floor windows
• Drainage issues in kitchen and bathroom
• Electrics (bedroom switches turn on the other bedroom)
• Small flooring issue near kitchen
• New interior door needed

Rental Information
Market rent: £675

Comparables
Comparable 2-bed properties on Roslyn Road with similar-sized extensions have sold for between £110,000 - £115,000 in the last couple of years.

Compliance
Electrical certificate (EICR): Test date June 2022
Gas safety certificate: Test date April 2024
EPC rating: C (potential B)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £20,000
Stamp duty = £4,000
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £1,800

Total = £27,495

Yield of 10.1% based on market rent (not including works costs).

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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.