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Oxford Street, Lincolnshire DN32 1 bed apartment for sale
Oxford Street, Grimsby, Lincolnshire DN32
£25,000
Oxford Street, Grimsby, Lincolnshire DN32
£25,000
Our Summary
- This property is perfect for those with a vision for renovation and an eye for potential
- Once renovation works have been completed, the property has the potential for a rental income of £450 per calendar month, which can provide a gross yield of 21
- From an investment perspective, this yield is attractive and has the potential to offer a solid return
- This flat, although in need of some updating, has immense potential to be transformed into a modern and comfortable home
- Adorned with the charm of its original features, it presents a blank canvas for its new owners to make their mark
- This one-bedroom ground floor flat, ideal for renovation, offers a generous layout with a communal garden, potential rental income of £450 per month, and is perfect for first-time buyers (truncated)
Description
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Here is a summary of the property description in a single paragraph without a list:
This one-bedroom flat is a unique opportunity for renovation enthusiasts to transform a blank canvas into a modern home. With a generous floor plan, the property features one bedroom, one bathroom, a reception room, and a kitchen, all set on the ground floor with a communal rear garden. Although in need of updating, the property has immense potential to generate a rental income of £450 per month, offering a gross yield of 21.6%. With 63 years remaining on the lease, ample time is available for the property to appreciate in value and provide a return on investment. The property is available for immediate purchase with no onward chain, allowing for a swift and straightforward transaction.