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4 bedroom end of terrace house for sale

Fitzwilliam Street, Mablethorpe, Lincolnshire, LN12

Guide Price* £120,000

Property Description

Key features

  • Close to the beach
  • Investment opportunity
  • Currently tenanted
  • Achieving 750 pcm gross yield of 7.5%
  • Potential HMO - 22% yield
  • Very well presented
  • Recently modernised
  • Double glazed
  • Gas central heating
  • Patio garden

Full description

Location
The subject property is situated on Fitzwilliam Street, close to the junction with Tennyson Road and to the north of High Street. Mablethorpe is approximately 20 miles north of Skegness and 15 miles east of Louth.

Along with being an established seaside resort Mablethorpe is also attractive to families and individuals.

In the immediate vicinity there are various shops and supermarkets, health facilities and banks along with an award winning blue flag beach.

Description
To the ground floor there is a living room which has a UPVC double glazed window to the front aspect, wooden flooring, two radiators and UPVC double glazed french doors to the rear garden allowing plentiful natural light.

The kitchen is fitted with a range of modern wall and base units with contrasting work tops, stainless steel sink and drainer with mixer taps, space for a washing machine, under counter fridge and tumble dryer, combination boiler, laminate flooring and UPVC double glazed door leading to the rear garden area, window to the side aspect and a radiator. There is a utility room with two small windows to the side aspect and a carpeted floor.

To the first floor there is a study and four well presented bedrooms. All rooms are carpeted and benefit from UPVC double glazing. The bathroom is fitted with a three piece white suite comprising a walk in shower and glass screen, W.C, wash hand basin, fully tiled walls, and UPVC double glazed window to the side aspect.
There is off road parking for one car and access to the rear patio area is available down the side of the property.

Services
We understand the property is connected to mains gas, electricity, water and drainage.

Tenure
See legal pack for confirmation

Investment Analysis
We are advised that the property is currently let on an individual AST basis achieving a rental income of 750 per calendar month and the tenancy can be terminated if required.

Should the necessary HMO licence be obtained around 85 per room per week could be achieved for the 6 potential letting rooms. This equates to 26,520 pa representing a gross yield of 22.1%

Council Tax
The property is rated in Council Tax Band A. Council Tax payable (2016/17) is (1015.01)

More information from this agent

Listing History

Added on Rightmove:
08 December 2016

Nearest station

  • Skegness (14.2 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Skegness (14.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 1fitzwilliam. 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 John Pye Property, Nottingham . 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.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call John Pye Property, Nottingham on 0115 970 6060.


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