£60,000

3 bed terraced house for sale
Wintringham Road, Grimsby DN32

    • 3 beds

    • 1 bath

    • 2 receptions

  • EPC Rating: C

  • Chain free
  • Freehold

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CGT Lettings, Cheltenham

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About this property

  • Three Bedrooms

  • Located close to a Corner Shop

  • Popular Rental Area

  • Low Maintenance Back Garden

Incredible investor opportunity with this vacant three bedroom terrace, with strong yield.

This three bedroom, mid terrace property, located in Grimsby, offers a compelling blend of proven rental income and future growth potential. Let at £625 per calendar month, it delivered a solid 12.5% gross yield. Sold with tenant in situ.

Welcome to Your Secured SaleTM


At cgt, we're revolutionising the way homes are bought and sold in the UK.

When you see the Secured SaleTM trademark, it means the property is marketed with transparency and crucial information upfront, ensuring a smoother, faster purchase.

Each Secured SaleTM includes a comprehensive legal pack that can be reviewed and approved by your legal team in just a few days.

This pack contains:

• Property searches, title plans, and material facts.

• Fixtures and fittings details.

• Certificates and covenants affecting the property.

Additionally, a transparent inspection report highlights any areas requiring further investigation, giving buyers confidence and clarity before making an offer.

Once a buyer is fully informed, they can make an offer. Upon acceptance, a non-refundable fee secures the agreement, locking in both buyer and seller. This ensures peace of mind and reduces the risk of delays or fall-throughs; a hallmark of the Secured SaleTM process.

Why Choose Secured SaleTM?


Our mission is to transform the UK property market, reducing the average transaction time to just 37 working days (compared to 170 days for the traditional method).

A Secured SaleTM is not just a property transaction; it's a commitment to transparency, trust, and efficiency. By providing buyers with all essential details upfront, we shift from traditional “subject to contract” sales to financially secure agreements that benefit everyone involved.

Discover the future of property transactions with Secured SaleTM.


Previous rent: £595 pcm

Gross yield: 9.52% (based on £65,000 sale price)

Estimated refurb cost: £5,000£8,000

Comparable: Property on same street advertised at £600 pcm

Potential yield: 11%

The house comprises three bedrooms; two spacious doubles and one smaller that could be a nursery or a study, there's a functional shower room, a cosy living space and a dedicated dining room. This is all within a high demand rental area.

This is a prime opportunity for buy-to-let investors seeking a project, to with strong fundamentals. With no onward chain and immediate possession available, you can move quickly to refurbish and re-let for maximum returns.

Tenure: Freehold

EPC Rating: C

Council Tax Band: A

Parking : Street

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More information

  • Tenure

    Freehold

  • Council tax band

    A

See all recent sales in DN32

Property descriptions and related information displayed on this page are marketing materials provided by - CGT Lettings, Cheltenham. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact CGT Lettings, Cheltenham for full details and further information.