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

Condition Report
The property is overall in good condition, with no obvious structural defects observed. The kitchen and general decor appear to also be in good condition, while the bathroom is in a reasonable and lettable shape.

Rental Information
Current rent: £425 pcm
Market rent: £575 pcm
Tenancy agreement: Assured shorthold tenancy
Tenancy start date: January 2021

Comparables
The most recent 2-bed sold on Exchange Street (in similar condition) was listed for £75,000 and sold for £78,000 in July 2022.

Compliance
Electrical certificate (EICR): Test date January 2021
Gas safety certificate: Test date January 2021
EPC rating: D (potential B)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £18,125
Stamp duty = £3,625
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £1,800

Total = £25,245

Current yield is 7% (or 9.5% 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.