- Three-bedroom mid-terrace investment property
- Sold with tenant in occupation – immediate rental income
- Passing rent £450pcm (£5,400 pa)
- Gross yield approx. 8.3% at £65,000 asking price
- Potential to increase rent to circa £550pcm (£6,600 pa)
- Reversionary yield approx. 10.15%
- Well-proportioned accommodation over two floors
- Gardens to both the front and rear
This property listing is now SSTC
3 Bedroom Terraced House for sale in Lincolnshire
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227 Stanley Street, Grimsby is a three-bedroom mid-terrace house offered for sale as a ready-made investment opportunity, with a tenant already in occupation.
The property is currently let at a passing rent of £450 per calendar month (£5,400 per annum). At the asking price of £65,000, this represents an attractive gross yield of approximately 8.3%, making it an ideal addition to an investor’s portfolio.
There is clear scope to enhance returns, as the current market rental value is estimated to be circa £550 per calendar month (£6,600 per annum). At this level, the gross yield would increase to approximately 10.15%, subject to rental uplift and any necessary statutory requirements.
The accommodation is arranged over two floors and briefly comprises an entrance porch, entrance hall, living room, sitting room, kitchen and a bathroom fitted with a white three-piece suite to the ground floor. To the first floor are three bedrooms. Externally, the property benefits from gardens to both the front and rear.
Located within an established residential area of Grimsby, the property offers straightforward, low-maintenance accommodation that is well suited to the local rental market. With immediate income in place and potential for future rental growth, this represents a straightforward and appealing buy-to-let investment.
Important Information
- This is a Freehold property.
- This Council Tax band for this property is: A
- EPC Rating is C
Property Ref: GRS251678
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Jackson Green & Preston (Grimsby)
19 West Saint Marys Gate, Grimsby, Lincolnshire, DN31 1LE
01472 311 113
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