This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
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£135,000
4 bedroom Mid Terrace House for sale, Lovett Street, Cleethorpes, Lincolnshire, DN35
Features and Description
- Ready-made licensed HMO investment
- Four double bedrooms throughout
- Two bedrooms with en-suite bathrooms
- Modern communal kitchen and lounge
- Fully renovated with new boiler
- Projected 16.1% gross rental yield
- Estimated annual income £21,720
- Spacious low-maintenance communal garden
- Popular Cleethorpes location near seafront
- Good rail links for commuting tenants
This four-bedroom terraced house is offered **for sale** in Cleethorpes as a ready-made HMO investment, presented in a neutrally decorated condition throughout. Configured to maximise rental income, the property provides four double bedrooms, two of which benefit from en-suite facilities, alongside a main shared bathroom. A communal living area and a modern kitchen serve the household, and the property further benefits from a spacious garden offering additional communal space.
Recent works include full renovation with a new boiler, updated electrics, a new kitchen and neutral décor, allowing an incoming investor to start or expand their portfolio with minimal immediate outlay. Based on the current configuration, there is potential to achieve approximately £475 per calendar month for the en-suite bedrooms and £430 per calendar month for the remaining rooms, giving a projected annual income of £21,720 and a gross yield in the region of 16.1%. The property has an EPC rating of D and falls within Council Tax Band A.
Cleethorpes offers a range of local amenities including supermarkets, independent shops and cafés, together with access to the seafront and its promenade, gardens and leisure facilities. There are several primary and secondary schools in the wider area, making the location attractive to a broad tenant base.
Public transport links are available via Cleethorpes railway station, with regular services to Grimsby, Barton-on-Humber and onward connections to towns and cities such as Doncaster, Lincoln and Sheffield, making this property a practical choice for commuting tenants.
Bedroom 2
8'1" x 10'2" (2.46m x 3.10m)
En-Suite
4'12" x 2'8" (1.52m x 0.81m)
Living Area
12'5" x 9'6" (3.78m x 2.90m)
Kitchen
6'8" x 17'9" (2.03m x 5.40m)
Bathroom
7'2" x 8'12" (2.18m x 2.74m)
Bedroom 3
7'5" x 12'5" (2.26m x 3.78m)
Bedroom 4
10'2" x 6'8" (3.10m x 2.03m)
Bedroom 1
12'12" x 11'4" (3.96m x 3.45m)
En-Suite
6'1" x 2'9" (1.85m 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.
Lovett Street, Cleethorpes, Lincolnshire, DN35
Additional Information
-
Property refGRI260100
-
EPCD
-
TenureFreehold
-
Council TaxA
-
Local authorityNorth East Lincolnshire County Council
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Reeds Rains Estate Agents Grimsby
Reeds Rains Grimsby
6 Bethlehem Street, Grimsby, DN31 1JU
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Borrowing £121,500 and repaying over 25 years with a 2.5% interest rate.
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