This three-bedroom mid-terraced home in Grimsby presents an excellent refurbishment opportunity, ideal for those looking to add value through renovation. The property features two reception rooms, a kitchen, a bathroom, and a generous garden complete with an outbuilding. With three spacious double bedrooms, there is the potential to reconfigure the layout to create additional sleeping spaces, possibly transforming it into four bedrooms, pending any necessary approvals. The home is being sold chain-free, streamlining the purchasing process.
Once updated, this property could yield around £695 per month in rental income, translating to an enticing gross yield of approximately 11.9%, making it particularly attractive for investors seeking solid returns.
Located conveniently in Grimsby, residents will have easy access to local amenities including shops and schools. The area is well-connected by public transportation, with the railway station offering regular services to nearby towns such as Cleethorpes and Lincoln.
Given its promising location and clear renovation scope, this terraced house is well-suited for buyers keen on investing in property with significant potential for enhancement.
