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Princes Avenue, Grimsby, Lincolnshire, DN31

Key features

  • VIDEO VIEWING AVAILABLE
  • CALLING ALL INVESTORS!
  • 3 Self Contained Flats All Let On Assured Shorthold Tenancy Agreements
  • Current Passing Rent - £12,240 Per Annum
  • Potential For Increase In Rent
  • Current Investment Yield Of 8.16%
  • Must Be Viewed

Description

If you are a property investor and are looking to increase your portfolio then we have an attractive proposition for you.
Jackson, Green and Preston are delighted to offer to the market 7 Princes Avenue in Grimsby which is a spacious mid-terrace town house that has been converted to provide three self contained flats.
Each flat is currently let on an Assured Shorthold Tenancy Agreement at a passing rent of £340 per calendar month which equates to an annual rental income of £12,240, representing a current investment yield of circa 8.16%.
In the Agents opinion, there is potential for a further increase in the rental value which would make this an even more attractive investment opportunity.
Each of the flats have their own separate access, double glazing and independent electric heating systems. We understand the owners have all the current required certification for letting and this would therefore be a straight forward transfer of landlord.

Flat 1

Ground Floor

Entrance Hall

Living Room

4.29m x 4.16m

With laminate flooring, coving, picture rail, useful under stairs storage cupboard, electric heater and uPVC double glazed bay window.

Bedroom 1

3.91m x 3.67m

With electric storage heater, laminate flooring, coving, picture rail and uPVC double glazed window unit.

Kitchen

3.55m x 2.63m

Partially tiled and fitted with a selection of wall and base units incorporating a sink unit with drainer and mixer tap and having plumbing for washing machine. uPVC double glazed entrance door and side screen.

Shower Room

With partially panelled walls and having shower cubicle with glazed door and shower, low-flush w.c. and a hand basin. uPVC double glazed window unit.

Flat 2

Ground Floor

Entrance Hall

With stairs to first floor accommodation.

First Floor

Landing

With picture rail.

Living Room

4.3m x 3.62m

With picture rail, electric heater and uPVC double glazed window unit.

Bedroom

3.91m x 3.68m

With electric heater and uPVC double glazed window unit.

Kitchen

4.34m x 1.86m

With selection of wall and base units incorporating a sink unit drainer and mixer tap and having electric oven and hob. Breakfast bar. Plumbing for washing machine. uPVC double glazed window unit.

Bathroom

Fitted with a white three piece suite comprising panelled bath with shower over, pedestal basin and low-flush w.c. uPVC double glazed window unit. Hot water cylinder.

Flat 3

Flat 3 is accessed via the rear of the property and is a duplex apartment.

Ground Floor

Entrance Hall

With stairs to first floor accommodation. uPVC double glazed leaded window unit.

Kitchen

2.87m x 2.61m

Partially tiled and fitted with a selection of wall and base units incorporating a sink unit with drainer and having electric point for cooker and plumbing for a washing machine. Two uPVC double glazed window units.

Inner Lobby

With useful under stairs storage cupboard containing the hot water cylinder.

Shower Room

With tiled floor and fitted with a low-flush w.c., pedestal basin and a shower cubicle with glazed door and shower. Extractor. uPVC double glazed window unit.

First Floor

Living Room

4.56m x 2.62m

With two electric storage heaters. Two uPVC double glazed window units.

Bedroom

3.55m x 2.68m

With electric storage heater. uPVC double glazed window unit.

Driveway

There is a driveway providing off-road parking for a number of vehicles.

Gardens

There is gardens to the front and the driveway to the rear.

NOTE

This property is privately managed by the current owner and we understand that all statutory requirements in respect of letting have been complied with. We recommend purchasers satisfy themselves prior to entering a contract of purchase.

Council Tax Band A (Each Flat)

This information was obtained on the 20th February 2023 and is for guidance purposes only. Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation. Additionally, there may be circumstances when the Council Tax can be altered on change of ownership. All interested parties are advised to make their own enquiries. See

Property Management

Are you a Landlord tired of dealing with your tenants?….Jackson, Green and Preston can provide a comprehensive management service and will be delighted to discuss your management needs. Please do not hesitate to contact our Property Management Department on Grimsby 311116 or by e-mail ( ) for some informal advice. Further information is also available on our website at

Property To Sell

Do you have a property to sell? For professional valuation advice, contact our Grimsby Office ). One of our experienced valuers will be happy to provide a free marketing appraisal of your property.

Surveys

Should you decide to buy a property not available for sale through our Agency, Jackson Green and Preston offer a range of independent valuations and surveys all carried out by fully qualified Chartered Surveyors. To discuss your survey needs, please contact our Survey Department on .

Sources Of Useful Information

Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.

Mortgage Advice

We are pleased to be able to introduce Toni Cressey Mortgage Advisers who we recommend for Independent Mortgage Advice for any of our clients looking to purchase their first home, new home or investment property. They have a team of advisers that are able to help and advise you on the most suitable mortgages available for you taking into account your own particular needs and circumstances. They will help and guide you through the whole mortgage and home buying process, ensuring best advice is given at all times. Buying a new home is one of the most important financial decisions you will make so it is vital that you get the help and advice you need at the earliest opportunity. No fee is charged for this independent mortgage advice, which is provided under no obligation. There may however be a fee payable should you proceed with a mortgage application. The actual amount you pay will depend upon your own circumstances and requirements and typically our application fee will (truncated)

Brochures

Particulars
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Princes Avenue, Grimsby, Lincolnshire, DN31

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Grimsby Town Station0.3 miles
  • Grimsby Docks Station1.0 miles
  • New Clee Station1.6 miles
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About the agent

Jackson Green & Preston, Grimsby

19 West St. Marys Gate, Grimsby, DN31 1LE

Jackson Green & Preston, Grimsby
About Us
About us

Founded in 1920, Jackson Green & Preston is Grimsby and Cleethorpes largest and best known local Estate Agency, with over 95 years experience in the property market and currently having 400 or so properties on the market through our agency.

In 2011, on the retirement of the Partners in Goudes Chartered Surveyors, we acquired their very successful Lettings and Management Department, reinforcing our position as one of Grimsby's premier Management Agen

More properties from this agent

Industry affiliations

National Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)Association of Residential Letting Agents

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Disclaimer - Property reference GRS230043. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Jackson Green & Preston, Grimsby. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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