3 bed terraced house for sale

Stanley Street, Grimsby DN32

Summary

A well-proportioned three-bedroom mid-terrace investment property offered for sale by auction, representing an excellent addition to an established lettings portfolio.

The accommodation is arranged over two floors and briefly comprises a living room, separate sitting/dining room, fitted kitchen with a range of units, rear entrance lobby and a bathroom fitted with an attractive white suite. To the first floor are three generously sized bedrooms.

The property benefits from uPVC double glazing, a gas central heating system and gardens to both the front and rear.

The property is currently let at 144.23 per week, producing an annual income of approximately 7,500. Based on the starting bid price of 45,000, this provides a very strong gross yield in the region of 16.7%. The tenant is established and wishes to remain, making this an attractive turnkey investment opportunity.

An excellent income-producing buy-to-let opportunity with immediate return.
Ground floor


Living Room

3.53m (into the chimney recess) x 3.43m - With radiator, uPVC double glazed window and uPVC double glazed entrance door.

Sitting Room

4.46m x 3.51m

With stairs to the first floor accommodation. Radiator and uPVC double glazed window unit.

Kitchen

4.07m x 1.94m

Partially tiled with a range of wall and base units incorporating sink unit with drainer and mixer tap, gas point for a cooker with extractor. Gas fired central heating combination boiler. Radiator and uPVC double glazed window unit.

Rear Entrance Lobby

With storage cupboard. UPVC double glazed entrance door.

Bathroom

Partially tiled and fitted with an attractive white 3 piece suite comprising panelled bath with a mixer tap and shower attachment, pedestal basin and low flush w.c. Glazed shower screen. Extractor. Radiator and uPVC double glazed window unit.
First floor


Landing

Bedroom 1

3.62m x 3.46m

With radiator and uPVC double glazed window unit.

Bedroom 2

3.5m x 2.57m

With radiator and uPVC double glazed window unit.

Bedroom 3

3.4m x 1.97m

With radiator and uPVC double glazed window unit.
Outside


Gardens

The property has gardens to the front and rear.

Tenancy

The property is currently let on an Assured Shorthold Tenancy agreement at a passing rent of 144.23 per week with the Tenant wishing to remain in occupation. The property is currently managed through Jackson Green & Preston Estate Agents.

Council Tax Band: A
Tenure: Freehold

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.