Alexandra Road, Grantham NG31 1 bed flat for sale

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Alexandra Road, Grantham NG31 1 bed flat for sale

Alexandra Road, Grantham NG31
£54,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

This 1-bedroom flat in Grantham offers a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, bathroom, backyard, and on-street parking. Currently, it produces an annual gross income of £5,220, which could be increased to a market rate of £6,600 with the new owner. The property has a tenant currently situated, who has been paying rent consistently for several years and has no intention of moving out. The current annual gross income is £5,220, making it a worthwhile addition to an investor's portfolio.