This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
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£55,000
3 bedroom Mid Terrace House for sale, Sussex Street, Cleethorpes, Lincolnshire, DN35
Features and Description
- Three bedrooms
- Two double rooms
- Two reception rooms
- Separate upstairs bathroom
- Generously sized rear garden
- Projected 15.2% yield
- Projected £695 rental income
- Council tax band A
- Investment opportunity
- DIY renovation potential
Presenting a compelling investment opportunity, this three-bedroom mid-terraced house is currently available for sale. Despite needing some renovation, the property presents a robust prospect for keen investors or DIY enthusiasts looking to add value. Offering an impressive yield of 15.2% once renovations are complete, it promises a robust return as rental income is projected to be £695 per calendar month.
The property comprises three bedrooms, including two sizeable double rooms and a single bedroom. There's ample space for relaxation and entertaining with two reception rooms. The house also includes a kitchen and a family bathroom, with the added convenience of a separate bathroom upstairs.
The outdoors has not been overlooked, with a generously sized rear garden that provides plenty of scope for landscaping or outdoor entertaining.
Currently within council tax band A, the property's economic potential continues to shine through. While it's in need of some improvements, this terraced house holds great potential to be transformed into a warm and welcoming home, or a lucrative rental property.
In conclusion, this three-bedroom terraced house, despite its need for renovations, presents a significant investment opportunity. With a projected high yield and a desirable layout, it's waiting to be brought back to life by a discerning buyer. Please note that viewings are by appointment only.
Entrance Hall
8'3" x 2'7" (2.51m x 0.79m)
Living Room
13'6" x 10'7" (4.11m x 3.23m)
Dining Room
11'5" x 12'6" (3.48m x 3.80m)
Kitchen
7'9" x 14'0" (2.36m x 4.27m)
Bathroom
8'5" x 8'10" (2.57m x 2.70m)
Bedroom 1
11'8" x 15'5" (3.56m x 4.70m)
Bedroom 2
9'8" x 12'4" (2.95m x 3.76m)
Bedroom 3
8'0" x 10'4" (2.44m x 3.15m)
WC
4'6" x 2'12" (1.37m x 0.91m)
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Sussex Street, Cleethorpes, Lincolnshire, DN35
Additional Information
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Property refGRI250029
-
TenureFreehold
-
Council TaxA
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Local authorityNorth East Lincolnshire County Council
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Reeds Rains Estate Agents Grimsby
Reeds Rains Grimsby
6 Bethlehem Street, Grimsby, DN31 1JU
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
Disabled access available
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Borrowing £49,500 and repaying over 25 years with a 2.5% interest rate.
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