5 Bed HMO, Cleethorpes, DN35 7PB, £120,000

93 FREESTON STREET, CLEETHORPES, DN35 7PB - 48 views - 2 months ago

HMO
ROI: 29%
115 m²

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Room Rate

£438

Gross Rent

£2,190

Running Costs/mo

£1,339

Cashflow/mo

£851

Cashflow/yr

£10,208

ROI

29%

Gross Yield

22%













Property History

Listed for £120,000

January 13, 2025

Description

  • Potential 5 Bedroom HMO For Sale +
  • Newly Refurbished Property +
  • Well Sought-After Location In Cleethorpes +
  • Off-Street Parking +

Welcome to 93 Freeston Street, a prime investment opportunity nestled in the heart of Cleethorpes. This potential HMO property offers a wealth of potential for investors looking to capitalize on the thriving rental market. With its strategic location and versatile layout, 93 Freeston Street presents a lucrative opportunity to generate passive income and achieve substantial returns.
The property has undergone refurbishment from a residential dwelling into a ready-to-go HMO property, that benefits from new smoke alarms, carpets and windows and offers a blank canvas for investors to maximise rental income.
Do not miss out on this exclusive opportunity to own a piece of Cleethorpes' thriving rental market. Contact us today to learn more about 93 Freeston Street and take the first step towards realizing your investment goals.
This property does not yet have a HMO license.

The property is currently tenanted and paying £750 PCM. The property will be sold vacant.

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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