Tenanted investment property - not suitable for owner-occupiers
This excellent apartment comprises of entrance hallway leading to a lounge with double glazed window to the front; fully fitted kitchen with built in oven and hob; large double bedroom with double glazed window to the front; and a three piece bathroom suite with shower over bath.
Within walking distance of the town centre, train station, hospital and other amenities this apartment is perfect for the first time buyer or investor. Rental demand is very high for apartments within this secure block - this apartment is currently let for £325pcm
House prices in North East Lincolnshire continue to rise. New data from hm Land Registry shows that the price of an average house in the area was £122,340 at the start of the year. That's an average 1.5 per cent rise compared to the same time in 2018, when the figure stood at £120,537 - meaning the average homeowner will have gained £1,803 over the period. In comparison, in the 12 months to January 2018, house prices rose by 2.7 per cent. In Yorkshire and the Humber on the whole, the value of detached houses rose the most over the year - by 3.6 per cent.
Gross rent: £3,900 Ground rent: £0 Service charge: £0 Lettings fees: £0 Net income: £3,900 Gross yield: 7.09% Net yield: 7.09%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period. These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
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Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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Full information on Council Tax discount entitlements can be found on the Gov.UK's website.