available
£199,995
This residential property on Lea Road is a rare find for investors seeking an affordable turnkey investment option with strong returns. It features six bedrooms, each with its own en-suite shower room, spread over three floors. The communal kitchen/diner on the ground floor provides a shared space for residents. With 120 square meters of floorspace, it is well-suited for a house of multiple occupancy setup.
Located in close proximity to Gainsborough town centre, the property ensures easy access to local amenities and transport links. Gainsborough offers a range of services and conveniences, making it an attractive location for tenants. The EPC rating of D indicates that there may be room for efficiency improvements, potentially increasing rental appeal however the current energy efficiency is currently adequate.
The property is currently achieving full occupation rental income of £2470 per month, equating to a return on investment of 15,2%, This opportunity won't be available for long. Contact us today to learn more about this affordable investment in Gainsborough.
*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.
