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Weelsby Street, Grimsby... Block of apartments for sale
Weelsby Street, Grimsby, Lincolnshire, DN32
£56,950
Weelsby Street, Grimsby, Lincolnshire, DN32
£56,950
Our Summary
- 270 Weelsby Street, Grimsby – Freehold End-Terrace Split Into Two Self-Contained FlatsA fantastic investment opportunity – this Freehold end-terrace property is split into two self-contained one-bedroom flats
- Both units require some modernisation but offer strong potential for rental income once refurbished
- Once modernised, the flats are expected to generate rental income of around £75 per week each, providing a potential annual return of approximately £7,800
- Ideal for landlords or developers, this is a superb opportunity to acquire a high-yielding investment property
- Requires some modernisation throughout
Description
This freehold end-terrace property in Grimsby is an excellent investment opportunity, split into two self-contained one-bedroom flats. While both units require some modernization, they offer strong potential for rental income once refurbished. Each flat has its own gas central heating system and uPVC double glazing, and is expected to generate rental income of around £75 per week each, providing a potential annual return of approximately £7,800. At the current asking price, this represents an excellent yield of around 13.7%, making it an ideal opportunity for landlords or developers looking to acquire a high-yielding investment property.