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5 bed property, in Cleethorpe Road, £110,000
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5 bed terraced house

Cleethorpe Road, Grimsby DN31
Planning
£110,000

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Our Summary

  • Excellent Investment Opportunity
  • Offering immediate income potential and long-term growth, this substantial property represents an excellent investment opportunity
  • £1,261 pcm* Council Tax | Band A* No Service Charges or Ground RentProperty LayoutGround Floor | Entrance Hall | 2 Double Bedrooms | Lounge | Kitchen | BathroomFirst Floor | Landing | 3 Double Bedrooms | Store Room | BathroomExternal | Front and Rear Gardens | Potential for off-street parking or extension (subject to consent)Additional potential to convert the attic into a studio room, subject to planning permission
  • * Walking distance to local shops, supermarkets, and eateries* Close to medical centres and regular bus services* Easy access to employment hubs and coastal leisure amenities* Popular with professionals, key workers, and students alikeWhy Invest HereThis well-maintained HMO is already generating income with further potential to increase returns once fully let
  • The recent refurbishment and full HMO licence make it a ready-to-go investment with minimal ongoing management required

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Description

The property is a fully licensed 5-double bed HMO, set on a freehold basis in a busy location on Cleethorpe Road. The property has recently been refurbished throughout and features an entrance hall, two double bedrooms, lounge, and kitchen on the ground floor, and three double bedrooms, store room, and bathroom on the first floor. The property also has a front and rear garden, with potential for off-street parking or extension (subject to consent), and an additional potential to convert the attic into a studio room (subject to planning permission).

The property is located close to local amenities, transport links, and employment hubs, with council tax band A and a gross potential income of £26,880 per annum.