Incredible investor opportunity with this vacant three bedroom terrace, with strong yield.
This three bedroom, mid terrace property, located in Grimsby, offers a compelling blend of proven rental income and future growth potential. Previously let at £595 per calendar month, it delivered a solid 9.52% gross yield. Now offered vacant, it's ready for refurbishment and re-letting at enhanced market rates.
**Welcome to Your Secured Sale™
**
At CGT, we're revolutionising the way homes are bought and sold in the UK.
When you see the Secured Sale™ trademark, it means the property is marketed with transparency and crucial information upfront, ensuring a smoother, faster purchase.
Each Secured Sale™ includes a comprehensive legal pack that can be reviewed and approved by your legal team in just a few days.
This pack contains:
• Property searches, title plans, and material facts.
• Fixtures and fittings details.
• Certificates and covenants affecting the property.
Additionally, a transparent inspection report highlights any areas requiring further investigation, giving buyers confidence and clarity before making an offer.
Once a buyer is fully informed, they can make an offer. Upon acceptance, a non-refundable fee secures the agreement, locking in both buyer and seller. This ensures peace of mind and reduces the risk of delays or fall-throughs; a hallmark of the Secured Sale™ process.
**Why Choose Secured Sale™?
**
Our mission is to transform the UK property market, reducing the average transaction time to just 37 working days (compared to 170 days for the traditional method).
A Secured Sale™ is not just a property transaction; it's a commitment to transparency, trust, and efficiency. By providing buyers with all essential details upfront, we shift from traditional “subject to contract” sales to financially secure agreements that benefit everyone involved.
**Discover the future of property transactions with Secured Sale™.
**
Previous rent: £595 pcm
Gross yield: 9.52% (based on £65,000 sale price)
Estimated refurb cost: £5,000–£8,000
Comparable: property on same street advertised at £600 pcm
Potential yield: 11%
The house comprises three bedrooms; two spacious doubles and one smaller that could be a nursery or a study, there's a functional shower room, a cosy living space and a dedicated dining room. This is all within a high demand rental area.
This is a prime opportunity for buy-to-let investors seeking a project, to with strong fundamentals. With no onward chain and immediate possession available, you can move quickly to refurbish and re-let for maximum returns.
Tenure: Freehold
EPC Rating: C
Council Tax Band: A
Parking : Street