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

Description

Jackson Green & Preston are offering 8 self-contained flats located on Hainton Avenue in Grimsby, which were converted from 3 former terraced houses. The property features 6 one-bedroom and 2 two-bedroom flats, with 5 currently let and generating an annual income of £17,812, representing a yield of around 6.47%. The properties are in a mix of condition, with 3 units unoccupied, and the investment yield is expected to increase to £23,400 per annum if refurbished and fully let, representing an attractive return of 8.5% on the current asking price. The property also includes a small garden and parking to the rear.
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