3 bed terraced house for sale

Stanley Street, Grimsby DN32

Summary

A well-presented three-bedroom mid-terrace investment property offered for sale by auction, providing an attractive, ready-made opportunity for buy-to-let investors.

The house is currently let subject to an Assured Shorthold Tenancy at a rent of 595 per calendar month, producing an annual income of 7,140. Based on the starting bid price of 52,000, this reflects an excellent gross yield of approximately 13.7%.

Located within an established residential area with consistent rental demand, the property represents a solid income-producing investment from completion.

The accommodation briefly comprises a living room, kitchen fitted with modern units, rear entrance lobby and a bathroom with a three-piece suite. To the first floor are three bedrooms. The property also benefits from gardens to both the front and rear.
Ground floor


Living Room

7.7m x 3.66m

With stairs to the first floor accommodation. Laminate flooring. Radiator and 2 uPVC double glazed window units.

Kitchen

3.48m x 2.16m

Partially tiled and fitted with a good selection of modern wall and base units incorporating sink unit with drainer, having integrated electric oven and a gas hob. Plumbing for washing machine. Radiator and uPVC double glazed window unit.

Rear Entrance Lobby

With uPVC double glazed entrance door.

Bathroom

Partially tiled and fitted with a 3 piece suite comprising panelled bath, pedestal basin and low flush w.c. Gas fired central heating boiler. Radiator and uPVC double glazed window unit.
First floor


Landing

Bedroom 1

3.71m x 3.4m

With radiator and uPVC double glazed window unit.

Bedroom 2

3.47m x 2.89m

With radiator and uPVC double glazed window unit.

Bedroom 3

4.62m x 2.14m

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 595 per calendar month 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.