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2 bedroom detached house for sale
High St, Binbrook LN8
£89,000
High St, Binbrook LN8
£89,000
Price History
Initial price | £110,000 |
22/08/24 | £100,000 |
25/09/24 | £89,000 |
Price Change | -19.09% |
Description
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Here is a summarized version of the property description in a single paragraph:
This mixed-use property in Binbrook, Market Rasen, is a rare investment opportunity with a guide price of £89,000. The property has a commercial unit, previously a Spar Store, and a 2-bedroom residential apartment above, with potential to be developed into multiple units subject to planning permission. The property could generate a gross yield of 14-16% if rented out at £1,100-£1,200 per month. With a discount from its previous sale price of £175,000 in 2023, this property is sure to appeal to shrewd investors. The location is idyllic, with a short commute to Louth, Lincoln, and Grimsby, and offers a range of amenities including a doctor's surgery, primary school, and shops.