Block of flats

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Block of flats

Victoria Road, Mablethorpe LN12
£245,000

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
Price Change -10.91%

Description

This multi-unit property in Mablethorpe is a lucrative investment opportunity for those seeking a steady stream of rental returns. The property features five bedrooms, parking spaces, and a modern kitchen, and is currently occupied by tenants generating an annual gross income of £26,400. With the potential to increase the rent to a market rate of £34,800, this property offers a worthwhile addition to an investor's portfolio. The current landlord has been earning a steady income from the property, and with the right owner, there is potential to increase the returns even further.