This property is no longer on the market
3 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
- Mid-Terrace House
- House In Multiple Occupation
- Close To Centre Of Market Town Of Grantham
- 3 Letting Rooms With Potential To Provide 4
- Anticipated Rental Income If Fully Let In Region Of £13000 PA
- Exceptional Investment Yield Of 8-9%
- Currently Vacant But Smartly Presented
- An Excellent Investment Opportunity
This property is configured as a house in multiple occupation and currently has three separate en-suite letting rooms and there is potential to convert one of the ground floor reception rooms to a fourth bedroom.
Currently vacant and ready to go it must be viewed.
In the Agents opinion, when fully let, this could generate an income in the region of £13000 per annum which would produce a very reasonable investment return of circa 8.66% at the asking price.
The accommodation comprises living room (potential for fourth letting room), hallway, sitting room, smart fitted kitchen, utility and ground floor w.c. Basement storage room. On the first floor there are the three en-suite letting rooms and two separate w.c.'s.
The property has the benefit of extensive uPVC double glazing and gas fired central heating.
There is a garden to the rear.
AN EXCELLENT INVESTMENT OPPORTUNITY THAT IS NOT TO BE MISSED.
Rooms
Ground Floor
Living Room
4.31m into chimney recess x 3.63m - With a radiator, uPVC double glazed entrance door and uPVC double glazed window unit. This has potential to be converted to provide an additional letting room subject to a hallway being partitioned off the living area.
Inner Hallway
With stairs to first floor accommodation.
Sitting Room 4.26m x 2.53m
Timber double glazed window unit and a radiator. Stairs to basement storage.
Kitchen 3.18m x 2.19m
With timber double glazed window unit, partially tiled walls and fitted with an attractive range of wall and base units incorporating a sink unit with drainer, having electric point for cooker, extractor and radiator.
Utility
With timber single glazed door, radiator, useful work surface and the gas central heating combination boiler.
W.C.
With timber double glazed door. Pedestal basin and low-flush w.c.
Basement 4.34m x 3.66m
Providing useful additional storage space.
First Floor
Landing
W.C.
Fitted with a low-flush w.c. and a pedestal basin. uPVC double glazed window unit.
Letting Room 1
3.67m maximum x 3.33m maximum - With radiator and uPVC double glazed window unit.
En-Suite Shower Room
With a pedestal basin and shower cubicle with glazed screen and shower.
Letting Room 2
3m maximum x 2.6m maximum - With radiator and timber double glazed window unit.
En-Suite Shower Room
With pedestal basin, shower cubicle with glazed screen and shower. Extractor.
Letting Room 3 3.15m x 2.24m
With radiator and uPVC double glazed window unit.
En-Suite Shower Room
With pedestal basin and shower cubicle with glazed door and shower.
2nd Shared W.C.
With pedestal basin and low-flush w.c. Extractor.
Gardens
The property has gardens to the rear.
Council Tax Band A
This information was obtained on the 15th June 2023 and is for guidance purposes only. Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation.
Additionally, there may be circumstances when the Council Tax can be altered on change of ownership.
All interested parties are advised to make their own enquiries. See
Sources Of Useful Information
Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference GRS230700. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Jackson Green & Preston - Grimsby.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 20, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 14, 2014 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.