*NO ONWARD CHAIN* Mooved is pleased to present this three-bedroom semi-detached, tenanted property with a high yield of £520 pcm, achieving 7.8% !.
This well-positioned property is just a short distance from the bustling town centre, offering an array of local amenities including Marshall’s Yard shopping complex, schools, and leisure facilities. Gainsborough benefits from strong transport connections, with easy access to the A631 and surrounding areas, making it an appealing location for both tenants and investors.
The property spans over 1258 sq ft and is set across three floors. The ground floor features two generously sized reception rooms, both measuring 13'5" x 11'11", perfect for use as a lounge and dining area. To the rear, the kitchen provides ample space for storage and preparation, with direct access to a low-maintenance rear yard, ideal for tenants seeking practicality. A convenient downstairs WC complements the layout.
On the first floor, two spacious double bedrooms and a large family bathroom ensure a functional living space for tenants. The second floor houses an additional double bedroom, offering flexibility for a variety of tenant needs. The property also benefits from a private yard with side access, providing practicality and storage options.
This property represents an attractive investment opportunity with long-standing tenants in place for the past 10 years, currently paying £520 pcm. The tenancy is contracted until June 2025, with an agreed increase to £600 pcm should the tenants renew ensuring a stable and reliable rental income.
Gainsborough is a growing market town, and properties in this area are in high demand among renters. With established tenants, no immediate renovation requirements, and future rental income growth potential, this property is a secure and hassle-free investment for landlords.
Disclaimer – 1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER MOOVED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.