3 bedroom terraced house for sale

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3 bedroom terraced house for sale

Phyllis Avenue, Grimsby DN34
£98,000

Price History

Initial price £100,000
16/11/24 £98,000
Price Change -2.00%

Description

This 3-bedroom mid-terraced house in Grimsby is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, and bathroom, and is currently producing an annual gross income of £5,520. However, with some minor adjustments, the new owner could increase the rental income to a market rate of £7,032. The property is currently occupied by long-term tenants who have consistently paid their rent and have no intention of moving out, making it a worthwhile addition to an investor's portfolio. With a competitive purchase price and a tenant already in place, this property offers a smooth transaction process and maximum commitment to the sale.