2 bed flat for sale

Buckingham Street, Scunthorpe DN15

An exciting opportunity to acquire a freehold property comprising two self-contained one-bedroom flats, situated on Buckingham Street in Scunthorpe.

Offered for sale at £109,995, the property presents an attractive opportunity for investors seeking a residential investment with the potential to generate rental income of at least £1,000 per calendar month, subject to market conditions, tenant demand and the condition and specification of the flats.

At a potential combined rental income of £1,000 pcm, the property could generate £12,000 per annum, representing a potential gross rental return of approximately 10.9% based on the asking price.

Property Overview

The property comprises two individual one-bedroom flats, held under one freehold title, offering flexibility for an investor looking to acquire multiple residential units within a single freehold property.

Each flat provides accommodation suitable for either individual tenants or couples and offers the potential to provide a separate rental income stream.

The configuration also provides scope for an investor to retain both units as a buy-to-let investment, subject to all relevant legal, licensing and mortgage requirements.

Rental & Investment Information:

Based upon an anticipated combined rental income of £1,000 per calendar month, the property could produce gross rental income of £12,000 per annum.

At the asking price of £109,995, this equates to a potential gross rental yield of approximately 10.9% before allowing for mortgage interest, management costs, maintenance, insurance, void periods, utilities, taxation and other ownership expenses.

Please note: The stated rental figure is a potential rental estimate and is not guaranteed. Prospective purchasers should satisfy themselves as to achievable market rents and all associated costs before proceeding.

Location

Buckingham Street is situated within Scunthorpe, providing convenient access to a range of local amenities, shops, schools, public transport links and the wider town centre.

Scunthorpe is an established North Lincolnshire town with a substantial residential population and a range of employment, retail and leisure facilities.

Tenure: Freehold

The property comprises two one-bedroom flats held within one freehold title.

Prospective purchasers should make their own enquiries regarding the legal configuration, title, access arrangements, utilities, planning status, building regulations, licensing requirements and any applicable restrictions.

Viewing:

An internal inspection is highly recommended to appreciate the configuration and investment potential of this property.

Agent's Note:

The information contained within these particulars is intended as a general guide only and does not constitute an offer or contract. Measurements, descriptions and rental figures should be independently verified by prospective purchasers. Any rental income figures are estimates and should not be regarded as guaranteed.

*A buyer's premium of 1% + VAT, (subject to a minimum of £2995 + VAT) of the agreed sale fee applies to this property. 25% of the total fee (a minimum of £995 + VAT) must be paid to secure the property and the remainder is payable upon exchange of contracts. Terms and conditions apply, please see the 'Buyer's Premium' page on our website for more information.

Location

Scunthorpe, DN15