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.
2 bedroom Mid Terrace House for sale, Mansel Street, Grimsby, Lincolnshire, DN32
Features and Description
- For Sale by Modern Auction – T & C’s apply
- Subject to Reserve Price
- Buyers fees apply
- The Modern Method of Auction
- Investment property with sitting tenant
- Reported 12% gross rental yield
- Long-term tenant paying £500 pcm
- Two double bedrooms upstairs
- Good condition, easy to maintain
- EPC rating C, energy efficient
- Council Tax Band A, lower costs
- Close to Grimsby town centre amenities
- Near schools, parks and services
- Good rail and bus transport links
This two-bedroom terraced house is offered **for sale** as an investment property, with a long-term tenant in situ currently paying £500 per calendar month, producing a reported gross yield of 12%. The house is described as being in good condition and provides practical accommodation suited to ongoing rental use.
Internally, the property comprises one reception room, a fitted kitchen and a bathroom, together with two double bedrooms on the upper floor. The layout offers a straightforward arrangement that is easy to manage and maintain. The property has an EPC rating of C and falls within Council Tax Band A.
Situated in Grimsby, the house benefits from access to a broad range of local amenities. Grimsby town centre offers supermarkets, local shops, cafés and services, while nearby parks provide open green space for recreation. The area is also served by primary and secondary schools, making it a practical location for tenants.
Public transport is available via Grimsby Town railway station, which provides services to destinations including Cleethorpes, Lincoln and Manchester, with journey times to Lincoln typically around one hour. Local bus routes connect residential areas with the town centre and surrounding districts, supporting convenient daily travel.
This two-bedroom terraced house represents an investment opportunity with an established rental income stream and existing tenant in place.
FOR SALE VIA MODERN AUCTION
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
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.
Mansel Street, Grimsby, Lincolnshire, DN32
Additional Information
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Property refGRI260409
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EPCC
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TenureFreehold
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Council TaxA
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Local authorityNorth East Lincolnshire County Council
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