Auction Property 3 Bed House 

Tunnard Street, Grimsby

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Features

  • Auction Date: 25th & 26th September 2019
  • Three-bedroom mid terrace property
  • Tenant In Situ
  • Current income of £4,800 per annum
  • Gross yield of 12%
  • UPVC double glazed windows
  • Gas central heating
  • Freehold
  • Walking distance of good local amenities

Quick Details

3 Bedrooms1 Reception1 Bathroom

Address

15 Tunnard StreetGrimsbyLincolnshireDN32 7LS
Details
EPC
Map
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Property Details

For Sale By Online Auction: 25th & 26th September 2019
Guide Price: £40,000 – £44,000+
Three Bedroom Mid Terrace House
Current Tenant in situ paying £4,800 p.a
Current Gross Yield 12%

•Guide Price: £40,000 - £44,000+
•Three Bedroom Mid Terrace House
•Current Tenant in situ paying £4,800 p.a
•Current Gross Yield 12%
•Freehold

The property is located on the northern side of Tunnard Street in Grimsby, North Lincolnshire. Grimsby is currently undergoing a program of regeneration and as such is attracting major national employers to the area.

Briefly the property comprises of an open plan lounge/dining room, recently fitted kitchen, bathroom, three bedrooms and a generous rear garden. In the past few years the property has undergone a scheme of renovation works to include plastering, painting, newly fitted kitchen and new flooring throughout. The property has had hard wired smoke alarms fitted to both the ground and first floors and benefits from gas central heating and UPVC double glazing throughout.

Accommodation

Total – Approx. 78 m2 / 840 sq. ft

(Measurement taken from the EPC).

Services

We understand the property to have mains gas, electricity, water and drainage. However, interested parties are to carry out their own enquires.

Tenure

Freehold

Investment Analysis

The property is to be sold a tenant in situ currently paying £400 pcm (£4,800 per annum). This represents a potential gross yield of 12%, based on the lower guide price. The tenant has indicated she wishes to remain at the property

Council tax

The property is rated in Council Tax Band A. Council Tax payable (2019/2020) is approximately £1,236 pa and is payable by the tenant.

Guide Price

£40,000 - £44,000+

Buyer's Premium

Buyer’s Premium
2% (min. £3,600) inc. VAT

Viewings

Viewing by appointment only. Please contact a member of John Pye Property on 0115 970 6060 or email property@johnpye.co.uk to arrange an appointment.

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