SUMMARY
We are delighted to offer this four-bed mid-terraced property to the market. Situated on a popular residential street in Gainsborough, the property is presented to a good standard throughout. Previously tenanted as a HMO and offering a c. 15% rental yield, it makes for an ideal purchase for any active investor. It could otherwise make for a great first-time or family buy. READ ON!
PROPERTY DETAILS
The accommodation is deceptively spacious. On the ground floor, there is an entrance hall providing access to a kitchen and good-sized lounge / reception space which opens via French doors to the rear. One of the four bedrooms is on the ground floor whilst the other three bedrooms are on the first floor – one complete with an ensuite facility whilst the others are served well by a family bathroom to include a bath and shower facility. There is on-street parking available alongside an enclosed yard, a garage and workshop to the rear of the property.
RENTAL RETURN
Previously let, the property has the potential to produce an annual rental income of c. £20,400 and offers investors a c. 14.57% return upon purchase.
LOCATION
One of the primary advantages of this property is its location, situated within walking distance of Gainsborough town centre as well as the prestigious Queen Elizabeth’s High School. The popular shopping development of Marshall's Yard is also easily accessible, as are many independent and local shops nearby for day-to-day amenities. The property has good connections to the A1 via junctions at Bawtry and Newark, with mainline railway services to London and Edinburgh available from Retford railway station; this is c. 13 miles away.
CALL NOW!
In short, this property will make a sound first-time buy or investment and is expected to generate significant interest. So DON'T DELAY: CALL TODAY to book a viewing!
LAYOUT
The accommodation comprises:
Interior: an entrance hall, a kitchen, a lounge, four bedrooms, an ensuite and a family bathroom.
Exterior: on-street parking and an enclosed rear yard.
