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Freshney Drive, Lincolnshire DN31 2 bed apartment for sale
Freshney Drive, Lincolnshire DN31
£40,000
Freshney Drive, Lincolnshire DN31
£40,000
Our Summary
- The property is in need of renovation, presenting a fantastic opportunity for investors or DIY enthusiasts looking for their next project
- One of the significant advantages of this property is its potential for a high rental yield of 12
- This makes it an excellent investment opportunity
- Please note that due to the need for refurbishment, the property is ideally suited to cash buyers
Description
This two-bedroom flat is a renovation project waiting to happen, offering a fantastic opportunity for investors or DIY enthusiasts to put their own stamp on the property. The flat, located on the first floor, features two well-sized bedrooms, a single bathroom, and a reception room perfect for a cozy living area. The kitchen space is practical, and the property also comes with a garage providing off-street parking, a rare find in urban areas. With a high potential rental yield of 12.7% and an expected rental income of £475 per month, this property is an excellent investment opportunity. Additionally, the flat is served by gas central heating, has an Energy Performance Certificate rating of 'C', and falls under council tax band 'A', making it a relatively affordable option. With no forward chain and suitable for cash buyers, this property is an attractive proposition for those looking to make their mark on a new home.