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Grafton Street, Grimsby... 1 bed apartment for sale
Grafton Street, Grimsby, Lincolnshire, DN32 7RW
£25,000
Grafton Street, Grimsby, Lincolnshire, DN32 7RW
£25,000
Our Summary
- Due to the current lease length being below 80 years, the property will be unmortgageable to some lenders
Description
This property is being sold via online bidding with a starting bid of £30,000. It's a leasehold flat with a 10% yield at the current asking price, making it an excellent investment opportunity for landlords. The property features a communal hallway, internal hallway, kitchen, living room, bedroom, and shower room. The current tenant has been in situ since November 2024, paying £400 per month, and the property has a front garden with a concrete surface and dwarf brick walling. The lease has 79 years remaining, which may affect mortgage availability. The property is being sold as part of a larger property and the photos were taken before the tenant moved in. Viewings are highly recommended for this excellent investment opportunity.