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Grimsby Road, Cleethorpes, DN35 2 bed flat for sale
Grimsby Road, Cleethorpes DN35
£45,000
Grimsby Road, Cleethorpes DN35
£45,000
Our Summary
- In need of some cosmetic improvements, this property provides an excellent investment opportunity with a high gross yield (between £450 and £600pcm market rents in this area), and with further potential for a holiday let/serviced accommodation
- The property presents a perfect, high yielding opportunity for the purchaser and scope to add value
- Potential Investment Opportunity
- Requires Renovation
Description
This two-bedroom ground floor flat is located on Grimsby Road in Cleethorpes, a central and popular residential area with easy access to the town center, public transport links, and the M180 motorway. The property needs some cosmetic improvements but offers an excellent investment opportunity with a high gross yield, potentially between £450 and £600 per month. With a 99-year lease and a ground rent of £50, it also has scope for adding value. The property features gas central heating, uPVC windows, and a well-proportioned layout with a reception room, kitchen, shower room, and two bedrooms. With an EPC rating of D, it presents a great opportunity for a buyer looking for a high-yielding investment property.