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Block of flats
Victoria Road, Mablethorpe LN12
£245,000
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.