15 bedroom block of apartments for sale

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15 bedroom block of apartments for sale

Cullingford Way, Louth, LN11
£895,000

Price History

Initial price £965,000
29/11/24 £895,000
Price Change -7.25%

Description

This portfolio of five houses in Louth, comprising two semi-detached and three terraced properties, offers a steady and rewarding rental income for investors. The properties, each with three bedrooms, bathroom, lounge, kitchen, driveway, and rear garden, are in pristine condition and situated in a town centre location with easy access to amenities and transport links. The current annual gross income is £52,620, which could be increased to £53,700 with new tenants. With a potential annual return of 8.2% based on the purchase price, this investment opportunity is ideal for those looking to grow their property portfolio.