House for sale

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House for sale

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 are offering eight self-contained flats, converted from three former terraced houses, on Hainton Avenue in Grimsby. The property comprises six one-bedroom and two two-bedroom flats, with five currently let and generating an annual income of £17,812, yielding 6.47% at the asking price. While three units are currently unoccupied, the properties have potential for refurbishment and full letting, which could increase the rental income to £23,400, representing an attractive investment return of 8.5% on the current price. The property features a small front garden and parking at the rear.