Property Brief
Vacant mid-terrace house located in The Avenues, HU5. The ground floor includes a living/dining room, kitchen and bathroom whilst the first floor comprises 2 double bedrooms. There is a small courtyard-style garden to the rear of the property and off-street parking via a driveway to the front.

Condition Report
The property appears to be structurally sound overall. The bathroom and general decor are in fair shape, while the kitchen is in good condition. Double-glazed throughout and the boiler appears to be in good, working order. Some greenery on the flat roof as well as the gutters.

Rental Information
Market rent: £675 pcm

Comparables
The 2 most recent comparable 2-bed house on Chesnut Avenue sold for £95,000 and £92,000 respectively. Both properties were in fair condition.

Compliance
Electrical certificate (EICR): Test date September 2022
Gas safety certificate: Test date January 2024
EPC rating: D (potential B)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £20,625
Stamp duty = £4,125
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £1,800

Total = £28,245

Yield of 9.8% (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.