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Stanley Street, Grimsby... 3 bed terraced house for sale
Stanley Street, Grimsby, Lincolnshire, DN32
£65,000
Stanley Street, Grimsby, Lincolnshire, DN32
£65,000
Our Summary
- 227 Stanley Street, Grimsby is a three-bedroom mid-terrace house offered for sale as a ready-made investment opportunity, with a tenant already in occupation
- There is clear scope to enhance returns, as the current market rental value is estimated to be circa £550 per calendar month (£6,600 per annum)
- 15%, subject to rental uplift and any necessary statutory requirements
- With immediate income in place and potential for future rental growth, this represents a straightforward and appealing buy-to-let investment
- Potential to increase rent to circa £550pcm (£6,600 pa)
Description
This three-bedroom mid-terrace house in Grimsby is a ready-made investment opportunity with a tenant already in place, generating a current passing rent of £450 per month. The property is priced at £65,000, offering an attractive gross yield of approximately 8.3%. With an estimated market rental value of £550 per month, the gross yield could increase to 10.15% with a rental uplift. The property features two floors of accommodation, including an entrance porch, living room, kitchen, bathroom, and three bedrooms, as well as gardens to the front and rear. Located in an established residential area, the property offers straightforward and low-maintenance accommodation that is well-suited to the local rental market, providing an immediate income and potential for future rental growth.