Auction Property 3 Bed House 

•Guide Price: £39,950+
•Three Bedroom Mid Terrace House
•Current Tenant in situ paying £5,196 p.a
•Current Gross Yield 13%
•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 with a tenant in situ currently paying £5,196 per annum. This represents a potential gross yield of 13%, based on the lower guide price.

Council tax

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

Guide Price

£39,950

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 [email protected] to arrange an appointment.

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