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Ladysmith Road, Lincolnshire DN32 2 bed terraced house for sale
Ladysmith Road, Grimsby, Lincolnshire, DN32
£55,000
Ladysmith Road, Grimsby, Lincolnshire, DN32
£55,000
Our Summary
- The property currently is in need of renovation, providing an outstanding opportunity for refurbishment and potential generation of significant rental income, optimistically up to a figure of £650 pcm
- The house itself carries a wealth of potential despite its current condition
- The blank canvas these rooms provide allows for complete redesigning to meet the desirable modern standards or indeed to cater to the prospective tenants' preferences
- Additionally, a single bathroom and kitchen are available, both needing renovation, yet providing an opportunity for bespoke transformation
- It's worth noting that this house could serve as a great potential income stream upon renovation completion, making it the perfect catch for investors
- Blank canvas for renovation
- Ideal investment opportunity
Description
This terraced house is a lucrative investment opportunity, currently in need of renovation, which can potentially generate significant rental income of £650 per month, yielding a gross return of 14.2%. The property features two reception rooms, two bedrooms, a single bathroom, and a kitchen, all of which can be refurbished to meet modern standards or tailored to a tenant's preferences. With an EPC rating of "E" and council tax band "A", the property offers a blank canvas for renovation and potential for a great income stream. As a no-chain property, it provides a smooth transition for investors. While the location and unique features are not mentioned, the property's value-for-money potential and untapped possibilities make it an attractive opportunity for investors to turn it into a desirable rental property.