MapGuide price
£109,9953 bedroom apartment for sale
Park Street, Lincolnshire DN32
Study
Apartment
3 beds
2 baths
678 sq ft / 63 sq m
EPC rating: C
Key information
Tenure: Freehold
Council tax: Band A
Mobile signal:
EEO2ThreeVodafone
Features and description
- Tenure: Freehold
- Three well proportioned bedrooms
- Two kitchens
- Two bathrooms
- Three reception rooms
- Currently two separate flats
- Instant rental income
- Gross yield of 10.9%
- Low maintenance rear garden
- Council tax band A
- Tenants in situ
Presenting a unique investment opportunity with this terraced house for sale. This property comprises of three bedrooms, two kitchens, two bathrooms, and three reception rooms. The house is currently configured into two separate flats, each in good condition and already tenanted, offering instant rental income for the prospective buyer.
The property is in a good general condition and offers a fantastic return on investment with the current tenants paying £500 each per calendar month. This equates to a gross yield of 10.9%, making it a worthwhile venture for the discerning investor.
Each of the three well-proportioned bedrooms provide comfortable living space, and the inclusion of two kitchens and two bathrooms across the property ensures ample facilities for all residents. The three reception rooms further enhance the versatility of this property, offering potential for various uses such as additional bedrooms or home office spaces.
One of the many benefits of this property is the low maintenance communal rear garden, a desirable feature for tenants and a bonus for landlords. The property falls under council tax band A, further contributing to its investment appeal.
Please note, this house is being sold with the tenants in situ, making it a ready-made investment for those looking to expand their portfolio. This is a rare opportunity to acquire a high-yielding, tenant-occupied property in a popular location. Don't miss out on this fantastic investment opportunity. Contact us today to arrange a viewing.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
GRI240579/2
The property is in a good general condition and offers a fantastic return on investment with the current tenants paying £500 each per calendar month. This equates to a gross yield of 10.9%, making it a worthwhile venture for the discerning investor.
Each of the three well-proportioned bedrooms provide comfortable living space, and the inclusion of two kitchens and two bathrooms across the property ensures ample facilities for all residents. The three reception rooms further enhance the versatility of this property, offering potential for various uses such as additional bedrooms or home office spaces.
One of the many benefits of this property is the low maintenance communal rear garden, a desirable feature for tenants and a bonus for landlords. The property falls under council tax band A, further contributing to its investment appeal.
Please note, this house is being sold with the tenants in situ, making it a ready-made investment for those looking to expand their portfolio. This is a rare opportunity to acquire a high-yielding, tenant-occupied property in a popular location. Don't miss out on this fantastic investment opportunity. Contact us today to arrange a viewing.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
GRI240579/2
Rooms
Main Accommodation
Description
This terraced house, currently configured into two tenanted flats with three bedrooms, two kitchens, two bathrooms, and three reception rooms, offers a unique investment opportunity with a 10.9% gross yield, low maintenance garden, and is ready-made for investors seeking immediate rental income.
Communal Entrance Hall
Ground Floor Flat
Entrance Hall
Living Room 4.88m x 3.78m (16' 0" x 12' 5")
Dining Room 3.78m x 3.35m (12' 5" x 11' 0")
Kitchen 3.4m x 3.12m (11' 2" x 10' 3")
Bathroom 1.73m x 2.41m (5' 8" x 7' 11")
First Floor Flat
Landing
Living Room 4.06m x 4.95m (13' 4" x 16' 3")
Kitchen 3.25m x 2.36m (10' 8" x 7' 9")
Bedroom 1 3.12m x 3.89m (10' 3" x 12' 9")
Bedroom 2 3.25m x 2.36m (10' 8" x 7' 9")
Bathroom 1.96m x 2.13m (6' 5" x 7' 0")
Communal Gardens
Property information from this agent
About this agent
Reeds Rains has over 100 branches across the UK. Established in 1868 Reeds Rains has over 150 years of sales and lettings expertise. The network of local high street branches pride themselves on their professionalism and their no nonsense approach to selling and letting property. Using the best traditional and online methods Reeds Rains focusses on getting the job done.