Company Name: North Lets Ltd
Investment opportunity
This two-bedroom terraced property on Gilbey Road, Grimsby presents a strong opportunity for investors seeking a well-located property close to the town centre.
Based on an achievable rental income of approximately £575 per calendar month, the property could generate an annual rent of £6,900, producing a gross yield of around 10.6% at the current asking price of £64,950.
The accommodation is practical and well-proportioned, comprising two double bedrooms, two reception rooms, a fitted kitchen, ground-floor WC, and a spacious first-floor bathroom with bath and separate shower cubicle. Gas central heating is installed, with a newly fitted combi boiler, providing efficient heating throughout.
On entering the property, a hallway leads into two reception rooms, offering flexible living and dining space. The kitchen includes an oven and hob with ample worktop and storage, with access to the downstairs WC. To the first floor, the bathroom is generously sized and includes a bath, separate shower cubicle, WC and wash basin. Externally, the property benefits from a rear garden, providing usable outdoor space.
Both bedrooms are generously sized, making the property suitable for a range of occupiers.
Important information & Works
The property is offered for sale in its current condition. The seller has commenced damp remedial works and is obtaining professional quotations for any remaining works where required.
EPC Rating C
Rooms
Ground Floor
Entrance Hall
With radiator and uPVC Double Glazed Door
Living Room
133" x 108" - uPVC double glazed window, radiator and laminate flooring
Dining Area
1411" x 140" - uPVC double glazed window, radiator and laminate flooring
Kitchen
180" x 88" - uPVC double glazed window, integrated oven & hob, gas central heating boiler
WC
Toilet and hand wash basin
First Floor
Bedroom 1
140" x 113" - uPVC double glazed window and radiator
Bedroom 2
121" x 110" - uPVC double glazed window and radiator
Bathroom
112" x 88" - uPVC double glazed window, radiator.
Fitted with bath and separate shower unit, toilet, hand wash basin
Tenure : Freehold
Council Tax Band : A
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