Property Brief
Tenanted two-bed, ground-floor apartment with a dedicated off-street parking space. The development was built in 2019 by Barrett 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. 

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.