Block of flats

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Block of flats

Victoria Road, Mablethorpe LN12
£244,000

Price History

Initial price £275,000
28/12/24 £265,000
03/01/25 £260,000
11/01/25 £255,000
17/01/25 £250,000
01/02/25 £245,000
01/03/25 £241,000
14/03/25 £237,000
21/03/25 £233,000
27/03/25 £258,000
04/04/25 £253,000
11/04/25 £248,000
18/04/25 £244,000
Price Change -11.27%

Description

This portfolio of two apartment flats and two commercial units in Mablethorpe is an attractive investment opportunity for those seeking steady rental returns. The properties are currently generating an annual gross income of £26,400, with the potential to increase to £34,800 with market-rate rents. The 2-bedroom and 3-bedroom apartments are currently occupied by tenants, and the commercial units include a storage unit and a charity-operated space. With a purchase price that offers a worthwhile addition to an investor's portfolio, this property presents a rewarding investment opportunity for those looking to diversify their portfolio.