2 bedroom Mid Terrace House for sale,

Cleveland Gardens, Grimsby, Lincolnshire, DN31

When it comes to financial potential, this property is a standout. Once the renovation work is done, the property could potentially bring in a rental income of £650 per calendar month. A gross yield of 22.3% is a fantastic prospect for any investor.

Situated in the council tax band A, the property offers an affordable rate that should prove attractive to those with a keen eye for value. Lastly, the property is being sold with no forward chain, providing a smooth and hassle-free transaction for the new owner.

This property is a great opportunity for those looking to put their stamp on a home, or for an investor seeking a promising return.

Location

Cleveland Gardens is located just off Boulevard Avenue in an established residential area of Grimsby (DN32). Grimsby is a large town and sea port located in North East Lincolnshire on the south bank of the Humber estuary and in close proximity to the Lincolnshire Wolds which is an area of outstanding natural beauty. Boasting transport links to the A180, A46 and A16 and with direct rail links to Lincoln, Doncaster, Sheffield and Manchester. It benefits from being located only 14 miles away from Humberside airport. The town is served by a plethora of major retailers in the Freshney Place indoor shopping area. There are numerous retail parks which are within close proximity to the town centre providing further retail. Education is well catered for with numerous primary and secondary schools and also higher education establishments such as The Grimsby Institute and Franklin College. Grimsby is only a short distance away from the seaside resort of Cleethorpes with its vibrant nightlife, cafe culture and numerous attractions.

VIA MODERN AUCTION SALE

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 / Dining Room

11'2" x 24'5" (3.40m x 7.44m)

Kitchen

5'3" x 12'3" (1.60m x 3.73m)

WC

6'0" x 2'4" (1.83m x 0.70m)

Bedroom 1

1'11" x 11'3" (0.58m x 3.43m)

Bedroom 2

11'1" x 7'9" (3.38m x 2.36m)

Bathroom

9'4" x 5'8" (2.84m x 1.73m)

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.