4 bedroom apartment for sale
Welholme Road, GRIMSBY, Lincolnshire, DN32
- PROPERTY TYPE
Apartment
- BEDROOMS
4
- BATHROOMS
2
- 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.
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Key features
- Immediate "Exchange Of Contracts" Available
- Sold Via "Secure Sale"
- Period semi-detached property converted into two self-contained flats
- Both flats offer two bedrooms each
- Fully let, producing £495 per calendar month per flat
- Combined gross income of £11,880 per annum
- Attractive gross yield in excess of 13% at guide price
- Independent gas-fired central heating and double glazing
- Driveway parking and garden
Description
An excellent investment opportunity comprising a period semi-detached house on Welholme Road, converted to provide two self-contained two-bedroom flats, both currently let and producing an immediate income stream.
The property retains much of the character associated with its original period construction, including the original timber front door, while having been extensively improved in recent years. Both flats benefit from modern fitted kitchens and bathrooms, independent gas-fired central heating systems and uPVC double glazing.
Externally, the property offers driveway parking and a garden, enhancing its appeal to tenants and supporting long-term rental demand.
Both flats are currently let at £495 per calendar month each, generating a combined gross income of £11,880 per annum. At the guide price, this represents an attractive gross yield in excess of 13%, making the property well suited to investors seeking a ready-made, income-producing asset.
The property is well located within an established residential area, close to local amenities and transport links, further underpinning its ongoing rental appeal.
An excellent opportunity to acquire a fully let, low-entry-price investment with strong yield potential.
Ground Floor Flat - 55A
Ground Floor
Entrance Hall
With tiled floor, coving, uPVC double glazed entrance door and a radiator. Useful under stairs storage cupboard.
Living Room
4.5m into chimney recess x 4.59m plus bay - With plaster coving, radiator and large uPVC double glazed bay window.
Bedroom 2/Dining Room
3.94m x 3.52m
With coving, radiator and uPVC double glazed window unit.
Bedroom 1
4.23m plus bay into chimney recess x 4.11m - With plaster coving, radiator and large uPVC double glazed bay window.
Kitchen
3.95m x 2.11m
With coving, recessed spotlights, partially tiled walls and fitted with a good selection of newly installed modern wall and base units incorporating a sink unit with drainer and mixer tap and having integrated electric oven, gas hob and extractor canopy. Breakfast bar. Gas central heating combination boiler. Radiator and two uPVC double glazed window units.
Bathroom
Tiled floor and having partially tiled walls and fitted with a very smart white three piece suite comprising panelled bath (bath with shower over), pedestal basin and low-flush w.c. Radiator and extractor.
First Floor Flat - 55B
Ground Floor
Entrance Hall
With tiled flooring, stairs to first floor accommodation. Useful storage cupboard.
First Floor
Landing
With radiator and uPVC double glazed window unit.
Living Room
4.58m into chimney recess x 4.55m - With coving, dado rail, decorative fire place with timber mantle. Radiator and two uPVC double glazed window units.
Bedroom 1
4.26m into chimney recess x 4.16m - With coving, picture rail and two uPVC double glazed window units.
Bedroom 2
3.45m x 2.85m
With coving, radiator and uPVC double glazed window unit.
Kitchen
3.95m x 3.49m
Partially tiled and fitted with a selection of modern wall and base units incorporating a sink unit with drainer and mixer tap. Having integrated electric oven and gas hob with extractor canopy. Plumbing for an automatic washing machine. Radiator, uPVC double glazed window unit and uPVC double glazed entrance door. "Ideal" gas central heating combination boiler. There is a cast iron staircase to the rear of the property providing a separate means of access.
Bathroom
Tiled and fitted with attractive white three piece bathroom suite comprising panelled bath (bath with shower over), pedestal basin and low-flush w.c. Useful Storage cupboard. Radiator and uPVC double glazed window unit.
NOTE
Both flats are currently let and achieving £495 per calendar month. This represents an annual income of £11880 per annum equating to a 13% yield on the current asking price.
Tenure
To be confirmed.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti (truncated)
Council Tax Band A
This information was obtained on the 16th September 2019 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
Property Management
Are you a Landlord tired of dealing with your tenants?….Jackson, Green and Preston can provide a comprehensive management service and will be delighted to discuss your management needs. Please do not hesitate to contact our Property Management Department on Grimsby 311116 or by e-mail ( ) for some informal advice. Further information is also available on our website at
Property To Sell
Do you have a property to sell? For professional valuation advice, contact our Grimsby Office ). One of our experienced valuers will be happy to provide a free marketing appraisal of your property.
Surveys 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
Mortgage Advice Bureau works with Jackson, Green & Preston Estate Agents to provide their clients with expert mortgage and protection advice. We have access to over 12,000 mortgages from 90+ lenders so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our customers have access to the latest deals available and receive a first-class service. We will take care of everything from explaining all of your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family and handling the whole application process. Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. Mortgage Advice Bureau (truncated)
Brochures
Particulars- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- 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.
- Ask agent
Welholme Road, GRIMSBY, Lincolnshire, DN32
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About Jackson Green and Preston, Grimsby
19 West St. Marys Gate, Grimsby, DN31 1LE
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Visit our security centre to find out moreDisclaimer - Property reference GRS190810. 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 Jackson Green and Preston, Grimsby. 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 Jackson Green and Preston, Grimsby on 01472 404357.
*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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