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2 Bed Property House For Sale Ariston Street, Grimsby, DN32

£135,000- Property

Yield: 4%
1 of 13
Yield: 4%
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  • Rental Guide: £360 - £450
  • 2 Bedroom(s)
  • Description
  • Street View
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Last Updated: 30th January 2021

Description

PART EXCHANGE CONSIDERED.
Jackson, Green and Preston are delighted to offer to the market this substantial semi-detached house which has been converted to provide two self contained flats.
An excellent investment opportunity for landlords, the flats offer two bedroomed accommodation with the first floor currently let and achieving a rent of £420 per calendar month. The ground floor is not currently subject to a tenancy but we would anticipate a rental figure in the region of £425-£450 per calendar month.
Each flat has the benefit of gas fired central heating and uPVC double glazing. The first floor flat comprises living room, two bedrooms, kitchen with fitted units and bathroom. The ground floor comprises entrance hall, bathroom with smart white three piece bathroom suite, kitchen with fitted units (currently being upgraded), hallway, living room and two bedrooms.
It has gardens to the side, front and rear and there is also a DETACHED GARAGE.
VIEWING ESSENTIAL.
Agent Details
Jackson Green & Preston
19, West St. Marys Gate, Grimsby, DN31 1LE
Show Contact Number
01472 311 113
**This report is currently a Beta Test Version. Do not rely on the information provided below.

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
3.6

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current all-time record low interest rates are making monthly mortgage payments more affordable so more people will buy houses, which will lead to house prices increasing.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages, will lead to steady house price growth.
5

Fiscal Policy

First Home Stamp Duty:
£0
Buy To Let or Second Home:
£4,050
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
9.9

Comparison with other investment alternatives

Investing in this property will give you a slightly better regular return, when compared to other conservative investments.
4

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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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.

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Rental Data
2 Bedroom properties in “DN32” are mostly listed between £360 - £450. There is limited data on listings in proximity to this property.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested