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2 bedroom Flat for sale, Freshney Drive, Grimsby, Lincolnshire, DN31
Features and Description
- For Sale by Modern Auction – T & C’s apply
- Subject to Reserve Price
- Buyers fees apply
- The Modern Method of Auction
- Investment opportunity
- Two well-sized bedrooms
- High rental yield potential
- Garage with off-street parking
- Gas central heating
- EPC rating 'C'
- Council tax band 'A'
- No forward chain
- First-floor apartment
- Practical kitchen space
We are delighted to present this two-bedroom flat for sale. The property is in need of renovation, presenting a fantastic opportunity for investors or DIY enthusiasts looking for their next project.
This first-floor apartment comes with two well-sized bedrooms, a single bathroom, and one reception room, ideal for a cosy living area. The property also features a practical kitchen space, all of which are eagerly awaiting your personal touch to transform them into a modern and comfortable living space.
One of the significant advantages of this property is its potential for a high rental yield of 12.7%, with an expected rental income of £475 per calendar month once the renovation works are completed. This makes it an excellent investment opportunity.
Moreover, the property comes with a garage providing off-street parking – a rare find in many urban areas. The flat is served by gas central heating, ensuring a warm and comfortable environment throughout the colder months.
In terms of running costs, the property is quite efficient with an Energy Performance Certificate (EPC) rating of 'C', which should mean reasonable energy bills. Furthermore, it falls under council tax band 'A', which is the lowest band, reducing your annual outgoings.
This property is offered for sale with no forward chain, simplifying the purchasing process and making it an even more attractive proposition.
Please note that due to the need for refurbishment, the property is ideally suited to cash buyers. Don't miss out on this unique opportunity - contact us today for more information or to arrange a viewing.
FOR SALE VIA MODERN AUCTION
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Living Room
15'8" x 11'6" (4.78m x 3.50m)
Kitchen
8'12" x 6'6" (2.74m x 1.98m)
Bedroom 1
13'2" x 8'8" (4.01m x 2.64m)
Bedroom 2
7'6" x 9'6" (2.29m x 2.90m)
Bathroom
6'6" x 6'2" (1.98m x 1.88m)
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.
Freshney Drive, Grimsby, Lincolnshire, DN31
Additional Information
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Property refGRI240635
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EPCC
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TenureLeasehold
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Lease length47 years
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Council TaxA
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Local authorityNorth East Lincolnshire County Council
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Ground RentContact the branch
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Ground Rent ReviewContact the branch
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Service ChargeContact the branch
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Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
74Potential
75CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs