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Terraced house for sale
Princes Avenue, Grimsby, Lincolnshire, DN31
£150,000
Princes Avenue, Grimsby, Lincolnshire, DN31
£150,000
Our Summary
- In the Agents opinion, there is potential for a further increase in the rental value which would make this an even more attractive investment opportunity
Description
A spacious mid-terrace townhouse in Grimsby has been converted into three self-contained flats, each let on an Assured Shorthold Tenancy Agreement at a passing rent of £320 per calendar month, generating an annual rental income of £11,520 with a current investment yield of circa 7.43%. The Agents believe there is potential for further increase in rental value, making this an attractive investment opportunity. Each flat has its own separate access, double glazing, and independent electric heating systems, and the owners have all the necessary certification for letting, making it a straightforward transfer of landlordship.