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3 bed terraced house
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Our Summary
- Now offered vacant, it's ready for refurbishment and re-letting at enhanced market rates
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Description
This vacant three-bedroom mid-terrace property in Grimsby offers a strong yield potential for investors. The property has previously been let at £595 per month, generating a gross yield of 9.52%. With a sale price of £65,000, the estimated refurbishment cost is £5,000-£8,000, which could increase the rental income to £600 per month, yielding 11%.
The property has three bedrooms, a shower room, living space, and dining room, and is located in a high-demand rental area. With no onward chain and immediate possession available, investors can quickly refurbish and re-let the property for maximum returns.