Cromwell Road, Grimsby DN31 1 bed flat for sale

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Cromwell Road, Grimsby DN31 1 bed flat for sale

Cromwell Road, Grimsby DN31
£50,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment potential detailed below (Let Property Pack)

Description

This 1-bedroom flat in Grimsby offers a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, and bathroom, and is currently generating an annual gross income of £5,640. However, with some minor adjustments, the annual income could be increased to £6,600. The property has a long-term tenant in place, who has been paying rent consistently for several years and has no intention of moving out. The current tenants' stability and commitment to the property make it an attractive option for investors looking for a low-maintenance investment with potential for increased returns.