Garden Street, Lincolnshire, DN20
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
8
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply
- Block of 8 one-bedroom apartments in a charming cottage-style building enclosing a private courtyard.
- Significant refurbishment completed including new kitchens, shower rooms, electrics, lighting, and decoration.
- Central Brigg location with excellent transport links and close proximity to local amenities.
- Attractive investment potential with estimated gross yields of up to 9% based on projected rental income.
Description
An exciting chance to acquire a purpose-built block of eight self-contained one-bedroom apartments, arranged as a mix of ground floor, first floor, and maisonette-style layouts. The building itself enjoys a charming cottage-style design enclosing a private courtyard, giving the development real character and kerb appeal – a rare find in this sector
The property has already undergone significant refurbishment, with new kitchens, shower rooms, electrics, lighting, and decoration completed throughout. Please note: one apartment still requires a kitchen to be installed, while seven require flooring, and the external grounds need clearing. These are the main works outstanding, although buyers should satisfy themselves as to what further works may be necessary
Once complete, the block will provide modern, ready-to-let accommodation perfectly suited to meet the strong local demand for one-bedroom properties in Brigg and the wider DN20 area. With excellent transport links and proximity to local amenities, these units are ideally positioned for both the rental and resale markets.
Based on comparable properties in the area, we would expect the apartments to achieve in the region of £650–£700pcm each, giving a total potential rental income of £62,400–£67,200 per annum. These figures are provided as a guide only and will of course depend on market conditions at the time of letting.
This is a genuine turnkey investment project with the potential for strong rental yields and future capital appreciation. Rarely does an entire block come to market in such an advanced stage of refurbishment, especially one with such an attractive cottage-style setting and enclosed courtyard, offering investors the chance to step in and complete the works to their own specification.
To be sold strictly as seen, with no further works undertaken by the seller.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Garden Street, Lincolnshire, DN20
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Visit our security centre to find out moreDisclaimer - Property reference ce0a106a-c998-471a-b8a0-35f4dd0bb19e. 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 G.R. Estates, Stockton-on-Tees. 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.
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 G.R. Estates, Stockton-on-Tees on 01642 378022.
*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.”
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