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2 bed terraced house
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Price History
Our Summary
- Scope for future rental increase
- Offered for sale by auction with a £55,000 starting bid
- Terms & Conditions apply - STARTING BID - £55,000** An excellent buy-to-let investment opportunity offered for sale by auction, located on Arthur Street, just off Lord Street and within close proximity to Grimsby town centre
- There is clear scope for rental growth over time, subject to the usual statutory requirements and market conditions
- With a starting bid price of £55,000, this represents an excellent investment opportunity for landlords seeking an immediately income-producing asset close to the town centre
- The property is offered for sale by auction and would make a strong addition to an existing portfolio or an ideal entry-level investment
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Description
The property is a two-bedroom mid-terrace house located on Arthur Street, just off Lord Street and near Grimsby town centre. It has an entrance hall, lounge, separate sitting/dining room, smart fitted kitchen, bathroom with white suite, and rear entrance lobby. Upstairs, there are two well-proportioned bedrooms.
The property also has a low-maintenance rear yard. It is currently let to a tenant paying £475 per calendar month (£5,700 per annum), offering a gross yield of approximately 10.3% at guide price with potential for future rental increase.