Initial price	£60,000
11/10/24	£55,000
Price Change	-8.33%

This spacious ground floor flat in Cleethorpes is being offered for sale with no forward chain, presenting a superb investment opportunity. The property generates £425 per month in rental income, equating to an annual gross yield of 8.5% at the asking price. Located just outside Sidney Park, the flat is within walking distance of local amenities. The property features three bedrooms, a lounge, kitchen, bathroom, and utility room, as well as a small front garden and private enclosed rear garden. There is on-street parking available. The property is leasehold with 199 years remaining, and the annual ground rent is £100, with no service charge. Building insurance premiums are estimated to be around £200 per month.