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Minimum Yield

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Property ID: 217082706
Monthly Income
£425
Current Yield
10.7%
Tenancy status
Tenanted
CapitalAppreciation
+5.0%
Exclusive Investment Grade Opportunity

This one-bedroom flat 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!


This property offers one bedroom, a lounge, a kitchen, and a bathroom with three fixtures. Additional features include access to a shared private parking area and a communal rear garden


Investment Details:


The property generates an annual gross income of £5,100, which the new owner could increase to a market rate of £6,180 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 Income425/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£425 pcm
Current Rental Yield
10.7%
Potential Market Value Rent
£515 pcm
Potential Rental Yield
12.9%
Estimated Monthly Capital Appreciation
£200
Area Capital Appreciation Rate
+5.0%

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:

Self Funded

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

Property Checks

Property Tenure

Verified as Leasehold with 123 years on lease

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
£1.66
Factor Fees/Running Costs
TBC
Total Estimated Costs
£1.66
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
£5,100
Annual Capital
Appreciation
£960
Yearly Ground Rent
£19.92
Yearly Factor Fee /
Service Charge
TBC
Other Yearly Costs
None
Indicated
Annual Net Returns
£6,040.08