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Garden Street, Lincolnshire, DN20 8 bed block of apartments for sale
Garden Street, Lincolnshire, DN20
£590,000
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 is a rare find in the DN20 area, boasting a unique cottage-style design with a private courtyard. 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. The external grounds also require clearing. Once complete, the apartments will provide modern, ready-to-let accommodation, perfectly suited to meet the strong local demand. With excellent transport links and proximity to local amenities, the block has the potential to achieve a total rental income of £62,400-£67,200 per annum, making it a genuine turnkey investment project with strong rental yields and future capital appreciation.