Abbey Park Road, Lincolnshire DN32 8 bed apartment for sale

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Abbey Park Road, Lincolnshire DN32 8 bed apartment for sale

Abbey Park Road, Grimsby, Lincolnshire, DN32
£400,000

Price History

Initial price £450,000
23/01/25 £425,000
01/02/25 £400,000
Price Change -11.11%

Description

This magnificent detached house is an ideal opportunity for serious investors and developers, offering a thriving source of income with potential for further growth. Currently partitioned into several apartments, the property boasts eight spacious bedrooms, six bathrooms, six kitchens, and seven reception rooms, making it a versatile space that can cater to various tenants' needs. With five apartments already occupied, bringing in an impressive annual income of £30,580, there is also one vacant apartment providing an immediate opportunity for additional revenue. The property is well-maintained, with up-to-date EPCs and GSR, ensuring it meets safety and electrical standards. With a gross yield of 8.3%, this property represents a promising investment opportunity for those seeking to grow their portfolio with a reliable source of income.