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Hainton Avenue, Grimsby... 1 bed house for sale
Hainton Avenue, Grimsby, Lincolnshire, DN32
£249,995
Hainton Avenue, Grimsby, Lincolnshire, DN32
£249,995
Our Summary
- An ideal investment opportunity there are 6x 1 bedroomed Flats and 2x 2 bedroomed Flats
- An excellent investment opportunity
- Requiring some works of modernisation
Description
Jackson Green & Preston presents an investment opportunity on Hainton Avenue in Grimsby, comprising 8 self-contained flats converted from three former terraced houses. The property features 6 one-bedroom and 2 two-bedroom flats, with 5 units currently rented out, generating an annual income of £17,812 and a yield of 6.47%. The remaining three units are vacant, but with refurbishment and full letting, the potential rental income could reach £23,400, representing an attractive 8.5% return on the current asking price. The property also boasts a small front garden and parking at the rear.