- Immediate "Exchange Of Contracts" Available
- Sold Via "Secure Sale"
- Two-bedroom mid-terrace house
- Popular residential location close to the town centre
- Lounge, separate sitting/dining room and entrance hall
- Smart fitted kitchen with modern units
- Ground floor W.C. and modern first-floor bathroom
- Tenant in situ paying £475 per calendar month
- ERV £575–£600pcm with potential yield of approx. 11.5%–12%
- Offered for sale by auction with a £60,000 starting bid
2 Bedroom Terraced House for sale in Lincolnshire
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**BEING SOLD VIA SECURE SALE ONLINE BIDDING. Terms & Conditions apply. - STARTING BID £55,000**
An attractive buy-to-let investment opportunity offered for sale by auction, located on Haycroft Street in a well-established residential area of Grimsby. The property is well positioned for the town centre, local shops, amenities and public transport links, underpinning strong and consistent rental demand.
The accommodation is well presented throughout and comprises an entrance hall, lounge, separate sitting/dining room, a smart fitted kitchen with modern units, rear lobby and a ground floor W.C. To the first floor are two well-proportioned bedrooms and a modern bathroom. The property benefits from modern décor, offering a clean and contemporary finish.
The property is currently let, with the tenant wishing to remain in occupation, producing an income of £475 per calendar month (£5,700 per annum). Comparable properties of this type and location would typically command rents in the region of £575–£600 per calendar month, indicating clear scope for rental growth, subject to statutory requirements.
With a starting bid price of £60,000, the current rent reflects a gross yield of approximately 9.5%. On reversion to market rent, the potential gross yield increases to approximately 11.5%–12.0%, making this a particularly attractive investment proposition.
The property is offered for sale by auction and would make a strong addition to an existing portfolio.
Important Information
- This is a Freehold property.
- This Council Tax band for this property is: A
- EPC Rating is C
Property Ref: GRS221648
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Jackson Green & Preston (Grimsby)
19 West Saint Marys Gate, Grimsby, Lincolnshire, DN31 1LE
01472 311 113
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