Property Brief
A Block of two tenanted one-bed apartments under a single freehold title. Both ground and first-floor apartments briefly comprise a living room, kitchen, double bedroom and bathroom. The ground-floor apartment also has sole access to a reasonably sized, low-maintenance garden.

Condition Report 
The overall condition of the building appears to be good with no apparent, visible defects. Both apartments are well-maintained with no additional work required. 

Rental Information
Apt 1:
Current rent: £395 pcm
Market rent: £475 pcm
Tenancy start date: December 2023 

Apt 2:
Current rent: £90 pw (contracted to £75 pw. £90 pw agreed verbally)
Market rent: £475 pcm
Tenancy start date: May 2018 

Compliance
Apt 1:
Electrical Certificate (EICR) Test Date: January 2021
Gas Safety Certificate Test Date: February 2024
EPC Rating: C (69) potential C (77)
Council Tax Band: A

Apt 2
Electrical Certificate (EICR) Test Date: April 2023
Gas Safety Certificate Test Date:February 2024
EPC Rating: C (72) potential C (78)
Council Tax Band: A

Figures
Estimated upfront costs:

Deposit = £29,250
Stamp duty = £3,510
Broker fee (Est.) = £500
Solicitor fee (Est.) = £1,200
Ultralets fee = £2,106

Total = £36,566

Current yield is 8.2% (or 9.7% at market rent)

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