Cromwell Street, Gainsborough
- PROPERTY TYPE
End of Terrace
- BEDROOMS
5
- BATHROOMS
3
- SIZE
Ask agent
- 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
- Three Flats On One Title
- Sitting Tenants In All Three Flats
- Freehold
- No Chain
- Close To All Amenities
Description
Martin & Co are delighted to offer an exceptionally interesting investment opportunity to acquire 1 Cromwell Street, Gainsborough - a freehold property comprising three separate self-contained apartments, all being sold together under a single freehold title.
The property offers an attractive opportunity for landlords and investors looking to acquire a multi-unit residential investment with an established rental income, with all three dwellings currently let and generating a combined rental income of £1,395 per calendar month (£16,740 per annum).
The accommodation is arranged as:
Apartment 1 - One Bedroom
A self-contained one-bedroom apartment providing comfortable accommodation suitable for the rental market.
Apartment 2 - One Bedroom
A further self-contained one-bedroom apartment, providing an additional rental income stream within the property.
Apartment 3 - Three Bedrooms
A larger three-bedroom apartment offering substantially more accommodation and providing further rental potential.
The three dwellings are being sold as one freehold property and under a single title, providing an attractive proposition for investors seeking to acquire multiple rental units without the need to purchase separate properties.
Situated on Cromwell Street, the property is conveniently positioned for Gainsborough town centre and a range of local amenities, including shops, schools, healthcare facilities and everyday services. The location also provides access to local transport links and the surrounding villages, making the property well placed for the established local rental market.
With three separately let dwellings, an existing combined rental income of £16,740 per annum and the potential for future rental growth, this is a particularly rare opportunity to acquire a multi-unit investment in Gainsborough.
INVESTMENT HIGHLIGHTS:
- Three self-contained residential dwellings
- Two one-bedroom apartments and one three-bedroom apartment
- All three properties currently let
- Combined rental income of £1,395 PCM / £16,740 PA
- Single freehold title
- Established investment with immediate rental income
- Excellent potential for landlords and property investors
- Convenient Gainsborough location close to amenities and transport links
An opportunity of this type rarely comes to the market and early enquiries are strongly recommended. Contact Martin & Co today to arrange further information or a viewing.
- 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.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- 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
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 100534009753. 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 Martin & Co, Gainsborough. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.