Property Details


Grimsby – 18% BMV

Grimsby

England

Prices From £102,250

Available


Global Property Investors are proud to launch our latest investment opportunity located in the seaside town of Grimsby.

These executive townhouses were originally marketed at £135,000 by a local agent and previous sales have been at this figure also. They have recently been reduced by £10,000 to £125,000 just under the stamp duty threshold. Through Global Property Investors you can purchase one with a further 18% discount for just £102,250. This will secure the buyer with instant equity of £22,500 on completion. All townhouse’s are currently tenanted £600 pcm providing cash flow of £255 pcm based on an 80% LTV mortgage.

11 x EXECUTIVE TOWNHOUSES

  • 3/4 Bedrooms
  • En-Suite to master bedroom
  • Downstairs WC
  • Spacious lounge
  • Dining Kitchen
  • Garden room/Playroom
  • Garden
  • Garage

Central to the re-developments of the Ladysmith Road area the occupants of the beautifully appointed townhouses will enjoy views of well maintained grounds surrounding the site.LocationPatrick Street Mews is located in the southern part of Grimsby, England, in the county of North East Lincolnshire with a population of around 11,000.There is a train station in Grimsby town which offers direct routes to Doncaster, Manchester and Sheffield. A regular bus service runs from Scartho Road and services the town centre and local schools.

Property Summary


  • 18% Discount
  • 11 x 3/4 Bed Executive Mews Houses
  • Pre- Tenanted (No voids)
  • Stamp Duty Exempt
  • Instant Equity – £22,500
  • Low Capital Investment Required
  • Secure gated development
  • Close To Schools And Amenities
  • Assisted Deposit Option Available (Subject To Status)

Financial Breakdown


Market Price £125,000
GPI Price 102,250
Deposit Required £2,250
Rental Income £600 pcm
Mortgage Costs £345
Cash Flow £255
Gross Yield 6.5%