5 Bed HMO, Cleethorpes, DN35 7BD, £115,000

Harrington Street, Cleethorpes, DN35 7BD - 36 views - 2 months ago

HMO
ROI: 26%
~178 m²
+14 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Room Rate

£401

Gross Rent

£2,005

Running Costs/mo

£1,281

Cashflow/mo

£724

Cashflow/yr

£8,688

ROI

26%

Gross Yield

21%













Property History

Listed for £115,000

January 14, 2025

Floor Plans

Description

  • Three-storey period terrace in Cleethorpes +
  • Five bedrooms and two bathrooms +
  • Multiple spacious reception rooms +
  • Gas central heating and majority double glazing +
  • Enclosed rear garden requiring some work +
  • Ideal for a family home, HMO, or investment +
  • 360-degree virtual tour available; viewings recommended +
  • No Forward Chain +

AVAILABLE WITH NO FORWARD CHAIN This substantial three-storey period terrace offers an abundance of space and versatility, making it an exciting project for buyers looking to create a property tailored to their needs. Whether you're considering a House of Multiple Occupancy (HMO), a large-scale investment property, or simply a generously sized family home, the potential here is undeniable. Situated in the popular Cleethorpes resort, the home exudes character and charm. While it requires cosmetic updates, the scale of the property and its possibilities are clear. The attractive bay-fronted exterior offers a hint of the impressive space inside. The ground floor features a bright front reception room with a bay window, a second sitting room, and a kitchen. To the rear is a spacious bathroom with a bath, shower, and toilet. On the first floor, you'll find three large double bedrooms and a three-piece family bathroom. The second floor adds two more generously sized bedrooms, providing a rare amount of accommodation in this price range. The property benefits from gas central heating and majority double glazing. Outside, the rear garden is enclosed and presents an opportunity to further enhance the property. A 360-degree virtual tour is available, but an internal viewing is highly recommended to fully appreciate the size, layout, and incredible potential this property offers. Contact us today for more information or to arrange a viewing. Tenure: Freehold, Mobile signal information: Indoor - Limited
Outdoor - Likely

EE
Three
O2
Vodafone

Agent Details

Lovelle, Humberston

01472 404552

Next Steps?

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

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