8 bedroom block of apartments for sale

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8 bedroom block of apartments for sale

Garden Street, Lincolnshire, DN20
£590,000

Our Summary

  • This is a genuine turnkey investment project with the potential for strong rental yields and future capital appreciation
  • Attractive investment potential with estimated gross yields of up to 9% based on projected rental income
  • For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply

Description

This charming block of eight self-contained one-bedroom apartments offers a rare investment opportunity in Brigg, DN20. The property has undergone significant refurbishment, with new kitchens, shower rooms, electrics, lighting, and decoration completed throughout, except for one apartment that still requires a kitchen installation, and seven that need flooring and external grounds clearing. Once complete, the block will provide modern, ready-to-let accommodation, perfectly suited to meet the strong local demand for one-bedroom properties. With excellent transport links and proximity to local amenities, the apartments are ideally positioned for both the rental and resale markets. Based on comparable properties in the area, the apartments are expected to achieve a rental income of £62,400-£67,200 per annum, making this a genuine turnkey investment project with potential for strong rental yields and future capital appreciation.