3 Bed Terraced House, Refurb/BRRR, Grimsby, DN32 9JJ, £75,000

76 Heneage Road, Grimsby, North East Lincolnshire, DN32 9JJ - a year ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+3 photos

ValuationOvervalued











Investment Opportunity



































Property History

Listed for £75,000

February 7, 2024

Sold for £50,000

2004

Sold for £28,000

1995

Floor Plans

Description

  • **A ready-made investment +
  • **Attractive proposition for those looking to optimize their portfolio. +
  • **Three bedroom property in excellent condition +
  • **Tenants in situ paying £495 PCM gross yield of 6.60% +
  • ** Three Beds -One Reception +
  • **Low Maintenance Garden +
  • ** Central Location For Amenities and Transport Links +
  • **EPC D +
  • **Council Tax A +

Introducing a turnkey investment opportunity that epitomizes hassle-free income generation. A ready-made investment property for sale with long-term tenants already in place, currently paying £495 PCM. This meticulously maintained property not only boasts a prime location but also offers a robust financial profile with a gross yield of 6.60%, making it a standout choice for savvy investors.

Situated in a sought-after locale, this property's prime location enhances its appeal, ensuring sustained demand from tenants. The convenience of having reliable, long-term tenants in place provides immediate and consistent rental income, making this investment an attractive proposition for those looking to optimize their portfolio.

The property itself is in excellent condition, minimizing the need for immediate investments in renovations or repairs. The low-maintenance garden adds to the overall appeal, offering a pleasant outdoor space for tenants while minimizing the landlord's ongoing responsibilities.

With tenants already paying £495 PCM, this investment promises a steady and attractive return on investment. The gross yield of 6.60% reflects the financial strength of this opportunity, offering a balance between a solid rental income and the potential for property appreciation in the prime location.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

GRI240046/2

Agent Details

Reeds Rains, Grimsby

01472 404505

Next Steps?

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