Similar properties for sale by Reeds Rains Grimsby
1 bedroom Flat for sale, Oxford Street, Grimsby, Lincolnshire, DN32
Features and Description
- This one-bedroom ground floor flat, ideal for renovation, offers a generous layout with a communal garden, potential rental income of £450 per month, and is perfect for first-time buyers or investors seeking a property with a 15.5% gross yield and no onward chain.
- Ground floor flat
- Communal rear garden
- Generous floor plan
- One-bedroom layout
- Potential rental income
- High gross yield
- No onward chain
- Immediate purchase available
- Original features
- Investment opportunity
179 Oxford Street, Grimsby, DN32 7NX
We are acting in the sale of the above property and have received an offer of £25,000 on the above
property. Any interested parties must submit any higher offers in writing to the selling agent before exchange of
contracts takes place.
I am pleased to introduce to the market a unique opportunity to acquire a one-bedroom flat, currently listed for sale. This property is perfect for those with a vision for renovation and an eye for potential. With a generous floor plan, the property's layout comprises one bedroom, one bathroom, a reception room and a kitchen.
The property is a ground floor flat, which has the added benefit of a communal low-maintenance rear garden. This is a truly great opportunity for first-time buyers to step onto the property ladder, or for seasoned investors looking to expand their portfolio.
Once renovation works have been completed, the property has the potential for a rental income of £450 per calendar month, which can provide a gross yield of 21.6%. From an investment perspective, this yield is attractive and has the potential to offer a solid return.
The property is in council tax band A and holds an EPC rating of F. With 63 years remaining on the lease, this offers ample time for the property to appreciate in value and generate a return on investment. The property is available for immediate purchase with no onward chain, allowing for a swift and straightforward transaction.
This flat, although in need of some updating, has immense potential to be transformed into a modern and comfortable home. Adorned with the charm of its original features, it presents a blank canvas for its new owners to make their mark.
Living Room
10'9" x 13'4" (3.28m x 4.06m)
Kitchen
8'7" x 9'6" (2.62m x 2.90m)
Bedroom
11'7" x 10'4" (3.53m x 3.15m)
Bathroom
5'6" x 5'1" (1.68m x 1.55m)
WC
5'5" x 2'9" (1.65m x 0.84m)
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
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 travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Additional Information
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Property refGRI240672
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TenureLeasehold
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Lease length62 years
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Council TaxA
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Local authorityNorth East Lincolnshire County Council
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Ground RentContact the branch
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Ground Rent ReviewContact the branch
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Service ChargeContact the branch