>
3 bedroom property for sale
Farebrother Street, Grimsby, Lincolnshire, DN32 0JT
£75,000
Farebrother Street, Grimsby, Lincolnshire, DN32 0JT
£75,000
Our Summary
- Alternatively, the property could be converted into a HMO subject to the necessary planning consents
Description
This property is a unique opportunity to own two flats, one 2-bedroom ground floor and one 1-bedroom first floor, located in a prime residential area close to Grimsby town centre. The ground floor flat features a front and rear bedroom, living room, kitchen, bathroom, and private rear garden, while the first floor flat has a landing leading to a living room, bedroom, kitchen, and bathroom. Both flats have uPVC double glazing and gas central heating, and the property also has a front garden and a secluded rear garden. The flats are currently let at £9,600 per annum, but have a potential market rent of £11,160, representing a 10.2% yield at the current asking price. The property also has potential for conversion into a HMO subject to necessary planning consents, making it an excellent investment opportunity.