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. Previously let at £595 per calendar month, it delivered a solid 9.52% gross yield. Now offered vacant, it’s ready for refurbishment and re-letting at enhanced market rates.
Welcome to Your Secured Sale™
At CGT, we’re revolutionising the way homes are bought and sold in the UK.
When you see the Secured Sale™ trademark, it means the property is marketed with transparency and crucial information upfront, ensuring a smoother, faster purchase.
Each Secured Sale™ 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 Sale™ process.
Why Choose Secured Sale™?
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 Sale™ 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 Sale™.
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
