3 bedroom terraced house for sale

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3 bedroom terraced house for sale

Park Street, Lincolnshire DN32
£109,995

Price History

Initial price £119,995
06/11/24 £109,995
Price Change -8.33%

Description

This unique terraced house for sale offers a fantastic investment opportunity, currently configured into two separate flats with three bedrooms, two kitchens, two bathrooms, and three reception rooms. The property is in good condition and is already tenanted, generating £500 per month in rental income, equivalent to a 10% gross yield. The three well-proportioned bedrooms provide comfortable living space, while the two kitchens and two bathrooms ensure ample facilities for all residents. The three reception rooms offer versatility, potentially used as additional bedrooms or home office spaces. The property also benefits from a low-maintenance communal rear garden, a desirable feature for tenants and landlords alike. With council tax band A and the tenants already in situ, this is a rare opportunity to acquire a high-yielding, tenant-occupied property in a popular location, making it an attractive option for investors looking to expand their portfolio.