- Immediate "Exchange Of Contracts" Available +
- Sold via "Secure Sale" +
- Two-bedroom mid-terrace house +
- Located just off Lord Street, close to Grimsby town centre +
- Entrance hall, lounge and separate sitting/dining room +
- Smart fitted kitchen and bathroom with white suite +
- Tenant in situ paying £475 per calendar month +
- Gross yield of approximately 10.3% at guide price +
- Scope for future rental increase +
- Offered for sale by auction with a £55,000 starting bid +
BEING SOLD VIA SECURE SALE ONLINE BIDDING. Terms & Conditions apply - STARTING BID - £55,000
An excellent buy-to-let investment opportunity offered for sale by auction, located on Arthur Street, just off Lord Street and within close proximity to Grimsby town centre. The property is well positioned for shops, amenities, employment hubs and public transport links, making it a consistently strong location for rental demand.
The property is a two-bedroom mid-terrace house comprising an entrance hall, lounge, separate sitting/dining room, a smart fitted kitchen, rear entrance lobby and a bathroom fitted with a white suite. To the first floor are two well-proportioned bedrooms. Externally, the property benefits from a low-maintenance rear yard.
The property is currently let, with the tenant wishing to remain in occupation, producing an income of £475 per calendar month (£5,700 per annum). There is clear scope for rental growth over time, subject to the usual statutory requirements and market conditions.
Based on the guide price, the current income reflects a strong gross yield of approximately 10.3%, with further upside potential through future rental increases. With a starting bid price of £55,000, this represents an excellent investment opportunity for landlords seeking an immediately income-producing asset close to the town centre.
The property is offered for sale by auction and would make a strong addition to an existing portfolio or an ideal entry-level investment.