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Grimsby Road, Cleethorpes, Lincoln... 5 bed property for sale
Grimsby Road, Cleethorpes, Lincoln, Lincolnshire, DN35 7AB
£110,000
Grimsby Road, Cleethorpes, Lincoln, Lincolnshire, DN35 7AB
£110,000
Price History
| Initial price | £125,000 |
| 09/01/26 | £110,000 |
| Price Change | -12.00% |
Description
This mid-terrace property in Cleethorpes is being sold via online bidding and offers an excellent investment opportunity. The property has been converted into two self-contained residential flats, each with its own access, UPVC double glazing, and gas central heating system. The ground floor flat features a living room, kitchen, two bedrooms, and a bathroom, while the first floor flat has a living room, kitchen, three bedrooms, and a bathroom, making it suitable for families or shared occupiers. The property is ideal for buy-to-let investors, with each flat estimated to generate rental income of £425-£450 per month, resulting in a combined gross income of £10,800 per annum and a gross yield of 8.16%-8.64%.