2 Bed Flat, Cash/Bridging Only, Grimsby, DN31 2EU, £40,000

Thorgam Court, Grimsby, Lincolnshire, DN31 2EU - a year ago

Sold STC
Leasehold
Cash
ROI: 4%
~68 m²
+2 photos

ValuationUndervalued











Investment Opportunity



































Property History

Listed for £40,000

February 28, 2024

Floor Plans

Description

  • VIDEO VIEWING AVAILABLE +
  • Calling All Landlord Investors +
  • 2 Bedroomed 2nd Floor Apartment +
  • Extremely Modernised Throughout +
  • Sold Subject To Assured Shorthold Tenancy At £450 PCM +
  • Impressive 13.5% Investment Yield +
  • Sold With Short Lease +
  • CASH BUYERS ONLY +
  • Viewing Essential +

(WE ARE OFFERING PART ONLY OF THE PROPERTY SHOWN IN THE PHOTOGRAPH)
CALLING ALL LANDLORD INVESTORS!
This is a very smartly presented and recently refurbished two bedroomed second floor flat located in Thorgam Court in Grimsby.
It comprises spacious living room, modern fitted kitchen, two bedrooms and stylish white bathroom.
Benefitting from electric heating and uPVC double glazing along with off-road parking.
Currently let on an Assured Shorthold Tenancy Agreement at a passing rent of £450 per calendar month this represents an excellent 13.5% investment return at the advertised price.
This property is currently Leasehold for a term of 99 years (less 10 days) from 1st February 1972 and therefore would not be mortgageable subject to the current lease and therefore would only appeal to cash buyers.

Agent Details

Jackson Green and Preston, Grimsby

01472 404357

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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