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2 Bed Terraced House For Sale Julian Street, Grimsby, DN32

£62,500- Terraced

Yield: 8.16%
1 of 10
Yield: 8.16%
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  • Rental Guide: £350 - £425
  • 2 Bedroom(s)
  • Description
  • Street View
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Key Features

  • Tenure: Freehold
  • Mid Terrace House
  • 2 Bedrooms
  • Excellent Investment Opportunity
  • Upvc Double Glazing
  • Gas Fired Central Heating System
  • Being Sold As A "let" Investment
  • Let On An Assured Shorthold Tenancy Agreement
  • A Ready Made Investment
Last Updated: 1st April 2021

Description

Calling all landlord investors this is a two bedroomed mid terraced house located in Julian Street, convenient for local amenities and being sold as a “let” investment. The property is currently occupied by a tenant on an Assured Shorthold Tenancy agreement with a passing rent of £420 per calendar month. This represents a yield of circa 8% at the current asking price.
The property comprises entrance hall, living room, sitting room, kitchen with fitted units, rear entrance lobby and ground floor bathroom with a white three piece suite. On the first floor are two bedrooms.
It has the benefit of gas fired central heating and uPVC double glazing.
This would be an excellent addition to a lettings portfolio and must be viewed.
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.
9.5

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

Very good rental demand in this area.
Compared to other property investments this gives an excellent regular return.
10

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:
£1,875
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
10

Comparison with other investment alternatives

Investing in this property will give you a higher regular return, when compared to other conservative investments.
8

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
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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.

One&Only Pro 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.
Rental Data
2 bedroom properties in close proximity are mostly listed £350 - £425 – 7 recently listed properties were found in that band. However, the highest were £560, £465, £460.

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