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Block of flats
Victoria Road, Mablethorpe LN12
£255,000
Victoria Road, Mablethorpe LN12
£255,000
Price History
Initial price | £275,000 |
28/12/24 | £265,000 |
03/01/25 | £260,000 |
11/01/25 | £255,000 |
Price Change | -7.27% |
Description
This multi-unit property in Mablethorpe is currently generating a steady income of £26,400 per year from its tenants, with potential to increase to £34,800 with a new owner. The property features 5 bedrooms, parking spaces, and a modern kitchen, making it a rewarding investment opportunity for those looking to add to their portfolio. With a current purchase price, the annual gross income makes for a worthwhile addition, and the new owner can capitalize on the existing long-term tenants to maximize returns.