Property Brief
Tenanted two-bed, ground-floor apartment with a dedicated off-street parking space. The development was built in 2019 by Barratt Homes and contains 6 apartments in total.

The apartment comprises two double bedrooms, a living room, a modern fitted kitchen with integrated appliances and a three-piece bathroom suite with bath and shower. The property is located on the Ground floor and is wheelchair accessible.

Condition Report
The property is in excellent condition with no works required. 

Rental Information
Current rent: £725 pcm
Market rent: £750 pcm
Tenancy agreement: Assured shorthold tenancy
Tenancy start date: October 2023

Lease Details
Lease length: 995 years (999 years from 6th August 2020
Service charge: £97.79 pcm
Ground rent: N/a

Compliance
Electrical certificate (EICR): Test date September 2023
Gas safety certificate: Test date October 2024
EPC rating: B (potential B)
Council Tax Band: TBC

Comparables
The 6 apartments (all 2-bed) were sold for between £123,995 - £148,995 in 2019/20.

Figures
Estimated upfront costs below:

Deposit = £33,000
Stamp duty = £6,600
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £2,376

Total = £43,671

Current yield is 6.6%.

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

To speak to our in-house Mortgage Advisor, call the office on 01482 562562 and ask to speak to Jack Newton.