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5 bedroom house of multiple occupation for sale
Cleethorpe Road, Grimsby, Lincolnshire, DN31
£140,000
Cleethorpe Road, Grimsby, Lincolnshire, DN31
£140,000
Our Summary
- Offering immediate income potential and long-term growth, this substantial property represents an excellent investment opportunity
- £1,261 pcm * Council Tax | Band A * No Service Charges or Ground Rent Property Layout Ground Floor | Entrance Hall | 2 Double Bedrooms | Lounge | Kitchen | Bathroom First Floor | Landing | 3 Double Bedrooms | Store Room | Bathroom External | Front and Rear Gardens | Potential for off-street parking or extension (subject to consent) Additional potential to convert the attic into a studio room, subject to planning permission
- * Walking distance to local shops, supermarkets, and eateries * Close to medical centres and regular bus services * Easy access to employment hubs and coastal leisure amenities * Popular with professionals, key workers, and students alike Why Invest Here This well-maintained HMO is already generating income with further potential to increase returns once fully let
- The recent refurbishment and full HMO licence make it a ready-to-go investment with minimal ongoing management required
- Excellent Investment Opportunity
Description
This fully licensed 5-bedroom HMO property is situated in a prime location between Grimsby and Cleethorpes, offering immediate income potential and long-term growth. The property has been recently refurbished and is currently generating £2,240 per month, with a potential net income of £1,261 per month. The property has a strong tenant appeal, with a wide range of amenities and services nearby, including shops, supermarkets, medical centers, and regular bus services. The property is also close to employment hubs and coastal leisure amenities, making it a popular choice for professionals, key workers, and students. With its current occupancy of 3 out of 5 rooms and potential for further income growth, this property represents an excellent investment opportunity for those looking to generate a strong yield and capital growth.