House For Sale Princes Avenue, Grimsby, DN31
£150,000
1 of 14
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Last Updated: 17th February 2024
Description
If you are a property investor and are looking to increase your portfolio then we have an attractive proposition for you.
Jackson, Green and Preston are delighted to offer to the market 7 Princes Avenue in Grimsby which is a spacious mid-terrace town house that has been converted to provide three self contained flats.
Each flat is currently let on an Assured Shorthold Tenancy Agreement at a passing rent of £340 per calendar month which equates to an annual rental income of £12,240, representing a current investment yield of circa 8.16%.
In the Agents opinion, there is potential for a further increase in the rental value which would make this an even more attractive investment opportunity.
Each of the flats have their own separate access, double glazing and independent electric heating systems. We understand the owners have all the current required certification for letting and this would therefore be a straight forward transfer of landlord.
Jackson, Green and Preston are delighted to offer to the market 7 Princes Avenue in Grimsby which is a spacious mid-terrace town house that has been converted to provide three self contained flats.
Each flat is currently let on an Assured Shorthold Tenancy Agreement at a passing rent of £340 per calendar month which equates to an annual rental income of £12,240, representing a current investment yield of circa 8.16%.
In the Agents opinion, there is potential for a further increase in the rental value which would make this an even more attractive investment opportunity.
Each of the flats have their own separate access, double glazing and independent electric heating systems. We understand the owners have all the current required certification for letting and this would therefore be a straight forward transfer of landlord.
Agent Details
Jackson Green & Preston
19, West St. Marys Gate, Grimsby, DN31 1LE
Show Contact Number
01472 311 113
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.