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Property ID: 216394431
Monthly Income
£660
Current Yield
9.7%
Tenancy status
Tenanted
CapitalAppreciation
+5.4%
Exclusive Investment Grade Opportunity

This 3-bedroom mid-terraced house is located in Grimsby, within walking distance of various valuable amenities. It is ideal for investors seeking reliable, long-term returns.


This is a brilliant opportunity for investors!


Offering three bedrooms, a lounge, a three-piece bathroom, and a kitchen, this property also benefits from private rear parking and a detached single garage equipped with lighting and power points. It includes a shared alleyway with No. 58, providing additional access, and features a small front yard with gated entry as well as a low-maintenance rear garden.


Investment Details:


The property generates an annual gross income of £7,920, with tenants currently situated. The purchase price makes it a worthwhile addition to any investor's portfolio.


Please see the Let Property Pack linked below for more details on this property's investment potential.


Tenancy Details:


The current tenants have resided in the property for several years and have consistently paid their rent. They have no intentions of moving out and are keen to remain in the property.


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income660/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£660 pcm
Current Rental Yield
9.7%
Potential Market Value Rent
£660 pcm
Potential Rental Yield
9.7%
Estimated Monthly Capital Appreciation
£369
Area Capital Appreciation Rate
+5.4%

Tenancy Checks

Tenancy Agreement

Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.

Proof of Rental Income

Recent Proof of Rental Income has been Verified by Let Property.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Tenant Means of Funding:

Local Authority Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Council Tax Band

Council Tax Band: A

Interactive street-level view of the property location and surrounding area.

Ground Rent
Freehold
Factor Fees/Running Costs
TBC
Total Estimated Costs
unknown
Floor plans
Floor plan not availableNo floor plan image for this property
Floor Plan Documents
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Yearly Net Profit
Current Yearly Rent
£7,920
Annual Capital
Appreciation
£1,640
Yearly Factor Fee /
Service Charge
TBC
Other Yearly Costs
None
Indicated
Annual Net Returns
£9,560