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Grimsby Road, Cleethorpes... 3 bed block of apartments for sale
Grimsby Road, Cleethorpes, Lincolnshire, DN35
£125,000
Grimsby Road, Cleethorpes, Lincolnshire, DN35
£125,000
Our Summary
- - STARTING BID £125,000*16 Grimsby Road, Cleethorpes presents an excellent investment opportunity, offered for sale by auction
Description
This mid-terrace property in Cleethorpes is being sold via online auction with a starting bid of £125,000. The property has been converted into two self-contained residential flats, each with its own access, UPVC double glazing, and gas central heating. The ground floor flat features a living room, kitchen, two bedrooms, and a bathroom, while the first floor flat has a living room, kitchen, three bedrooms, and a bathroom. The property is considered ideal for buy-to-let investors, with each flat estimated to achieve rental income of £425-£450 per month, providing a combined gross income of £10,800 per annum. At the guide price, this represents a gross yield of 8.16%-8.64%.