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
£150,000

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
Price Change -17.58%

Description

This is an excellent investment opportunity to purchase two self-contained flats located close to Cleethorpes town centre, with a strong rental income potential. Both flats are currently let on Assured Shorthold Tenancy Agreements, generating a combined annual income of £12,660 at a yield of 7.91%. The flats are well-presented, with modern kitchens and bathrooms, gas fired central heating, and uPVC double glazing. The first-floor flat is a one-bedroom property with off-road parking, while the ground-floor flat is a two-bedroom property with parking to the rear. The property is being sold as a whole or could be sold individually, offering flexibility for investors or those looking to purchase a home.