2 bed terraced house for sale

Ladysmith Road, Grimsby, Lincolnshire DN32

For sale is a terraced house that promises a lucrative investment. The property currently is in need of renovation, providing an outstanding opportunity for refurbishment and potential generation of significant rental income, optimistically up to a figure of £650 pcm. This figure represents a lucrative 15.6% gross yield, a promising return for any potential investor's consideration.

The house itself carries a wealth of potential despite its current condition. It features two reception rooms, lending a spacious feel to the interior, and perfect for tailoring to a prospective tenant's needs.

There are two bedrooms present in the property. The blank canvas these rooms provide allows for complete redesigning to meet the desirable modern standards or indeed to cater to the prospective tenants' preferences. Additionally, a single bathroom and kitchen are available, both needing renovation, yet providing an opportunity for bespoke transformation.

On a practical note, the property is complete with an EPC rating of "E" and falls within council tax band "A". This opportunity is available with the added benefit of no onward chain, facilitating future transition. It's worth noting that this house could serve as a great potential income stream upon renovation completion, making it the perfect catch for investors.

While specific attributes such as location and unique features are not mentioned here, this property is already enticing due to its extremely attractive value-for-money potential. The untapped possibilities offered by the house opens doors for numerous desirable outcomes based on an investor's vision.

Important Note to Potential Purchasers & Tenants:
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 traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

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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 (truncated)

Location

Ladysmith Road is located in an established residential area that is convenient for a plethora of amenities. There are a multitude of shops and eateries located on Grimsby road which is only a short 10 minute walk away, as well as a regular bus service providing access to both Grimsby and Cleethorpes town centres. There is also another convenient shops that is only 500m away on '5 ways' roundabout.
Schooling is well served at KS1 and KS2 by Queen Mary Infants and William Barcroft Junior school respectively. KS3 is provided by the nearby 'Havelock Academy' which is only a 10 minute walk away.

Main Accommodation

Living Room (3.86m x 3.07m (12' 8" x 10' 1"))

Dining Room (3.89m x 4.57m (12' 9" x 15' 0"))

Kitchen (3.05m x 2.3m (10' 0" x 7' 7"))

Bathroom (2.34m x 1.32m (7' 8" x 4' 4"))

Bedroom 1 (3.7m x 3.66m (12' 2" x 12' 0"))

Bedroom 2 (3.15m x 3.5m (10' 4" x 11' 6"))

Front Garden

Rear Garden