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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 five-bedroom HMO property is situated on Cleethorpe Road, 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 to increase returns once fully let. With three out of five rooms already let, the property is already producing a net income of approximately £1,261 per month. The property has a strong tenant appeal, with a wide range of potential tenants including professionals, key workers, and students. The location is ideal, with walking distance to local shops, supermarkets, and eateries, as well as close proximity to medical centers and regular bus services. With no service charges or ground rent, this property represents an excellent investment opportunity for those looking to generate a steady income and potentially increase their returns over time.