Poplar Road, Cleethorpes... Block of apartments for sale

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Poplar Road, Cleethorpes... Block of apartments for sale

Poplar Road, Cleethorpes, Lincolnshire, DN35
£145,000

Price History

Initial price £182,000
08/04/23 £178,000
01/07/23 £174,000
11/10/23 £169,000
18/05/24 £164,500
10/01/25 £160,000
06/06/25 £150,000
02/10/25 £145,000
Price Change -20.33%

Description

This property presents a fantastic investment opportunity in Cleethorpes town centre, offering two self-contained flats currently let on Assured Shorthold Tenancy Agreements. The flats, one with one bedroom and the other with two bedrooms, boast modern kitchens and bathrooms, gas fired central heating, and uPVC double glazing. The passing rent totals £1,055 per month, generating an annual income of £12,660 at a yield of 7.91%. The property benefits from off-road parking for the first floor flat and parking to the rear for the ground floor flat, making it an attractive option for potential buyers. The property can be sold as a whole or, alternatively, each flat can be sold individually.