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6 bedroom terraced house for sale
Grosvenor Road, Skegness, PE25 2DD
£195,000
Grosvenor Road, Skegness, PE25 2DD
£195,000
Our Summary
- Currently operating as a fully let and compliant HMO, the property represents an attractive investment opportunity with strong rental income
Description
This spacious six-bedroom HMO property is located just a short walk from Skegness town center, beach, and seafront, offering an immediate income stream and a fantastic turnkey investment opportunity. The property features six individual bedsits, each with comfortable living spaces, and two communal kitchens, two shared shower rooms, and separate WCs on each level. The home is well-maintained, with gas central heating and UPVC double glazing, and benefits from a neat front courtyard and private rear garden. The property is currently fully let and compliant, achieving a gross annual return of £33,600 and a yield of approximately 17%. Viewings are available by appointment, and the property can be secured with an optional reservation deposit of £2,500, which guarantees exclusivity and allows for preparation of financing, surveys, and property searches.