2 bedroom detached house for sale

>

2 bedroom detached house for sale

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

<|start_header_id|>assistant<|end_header_id|> 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.