This property is no longer on the market
1 bedroom apartment
Key information
Property description & features
- Tenure: Leasehold (65 years remaining)
- 1 Bedroomed First Floor Flat
- Located In This Established Residential Location In Grimsby
- Excellent Investment Opportunity
- Let On An Assured Shorthold Tenancy Agreement At £76 Per Week With The Tenant Wishing To Remain In Occupation
- Gas Fired Central Heating & Extensive Double Glazing
- Excellent Addition To A Lettings Portfolio
This is a first floor flat located in this prominent position on Algernon Street in Grimsby.
The property is currently let on an Assured Shorthold Tenancy agreement with a passing rent of £76 per week and therefore is a readymade investment perfect for a landlord to add to their portfolio.
The current passing rent is £3,952 per annum which represents a yield of 8.7% on the current asking price.
It comprises communal entrance on the ground floor with communal hallway. The first floor has landing, living room, kitchen with fitted wall and base units, bedroom and bathroom with a white three piece suite (bath with shower over).
It has the benefit of gas fired central heating and extensive uPVC double glazing.
AN EXCELLENT INVESTMENT.
Rooms
Ground Floor
Communal Entrance Hall
Inner Hallway
With radiator and dado rail. Stairs to first floor accommodation.
First Floor
Landing
With dado rail and a storage cupboard.
Living Room
4.47m (14ft 8in) into chimney recess x 3.6m (11ft 10in) Picture rail, radiator, decorative timber fire surround and two uPVC double glazed window units.
Kitchen
2.91m (9ft 7in) x 2.64m (8ft 8in) Partially tiled and fitted with a selection of wall and base units incorporating a sink unit with drainer and mixer tap and having a gas point for cooker. Gas central heating combination boiler. uPVC double glazed window unit.
Bedroom 1
4m (13ft 1in) x 2.84m (9ft 4in) into chimney recess Featuring a cast iron fire place. uPVC double glazed window unit.
Bathroom
Complimented with an attractive white three piece bathroom suite comprising panelled bath with shower over, low flush w.c and pedestal basin. Radiator and a uPVC double glazed window unit.
Tenure
Leasehold - For a term of 99 years from 5th April 1990 with a ground rent payable of £50 per annum. All interested parties are advised to make their own enquiries.
Council Tax Band A
This information was obtained on the 25th September 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
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)
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Broadband availability and predicted speed: obtained from Ofcom on January 25, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 16, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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