Buckingham Street, Scunthorpe, DN15
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
2
- BATHROOMS
2
- SIZE
936 sq ft
87 sq m
- 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
- 2 x 1 Bedroom Flats
- One Freehold Title
- Offered with Vacant Possession
- No onward chain
- Projected rental income of £1000+ per calendar month
- Fantastic projected ROI of 16.4%
- Fantastic location close to all local amenities such as shops, schools, supermarkets and cafes
- Private Car Park to Rear
- Buyer's Premium Applies*
Description
Offered for sale at £109,995, the property presents an attractive opportunity for investors seeking a residential investment with the potential to generate rental income of at least £1,000 per calendar month, subject to market conditions, tenant demand and the condition and specification of the flats.
At a potential combined rental income of £1,000 pcm, the property could generate £12,000 per annum, representing a potential gross rental return of approximately 10.9% based on the asking price.
Property Overview
The property comprises two individual one-bedroom flats, held under one freehold title, offering flexibility for an investor looking to acquire multiple residential units within a single freehold property.
Each flat provides accommodation suitable for either individual tenants or couples and offers the potential to provide a separate rental income stream.
The configuration also provides scope for an investor to retain both units as a buy-to-let investment, subject to all relevant legal, licensing and mortgage requirements.
Rental & Investment Information:
Based upon an anticipated combined rental income of £1,000 per calendar month, the property could produce gross rental income of £12,000 per annum.
At the asking price of £109,995, this equates to a potential gross rental yield of approximately 10.9% before allowing for mortgage interest, management costs, maintenance, insurance, void periods, utilities, taxation and other ownership expenses.
Please note: the stated rental figure is a potential rental estimate and is not guaranteed. Prospective purchasers should satisfy themselves as to achievable market rents and all associated costs before proceeding.
Location
Buckingham Street is situated within Scunthorpe, providing convenient access to a range of local amenities, shops, schools, public transport links and the wider town centre.
Scunthorpe is an established North Lincolnshire town with a substantial residential population and a range of employment, retail and leisure facilities.
Tenure: Freehold
The property comprises two one-bedroom flats held within one freehold title.
Prospective purchasers should make their own enquiries regarding the legal configuration, title, access arrangements, utilities, planning status, building regulations, licensing requirements and any applicable restrictions.
Viewing:
An internal inspection is highly recommended to appreciate the configuration and investment potential of this property.
Agent's Note:
The information contained within these particulars is intended as a general guide only and does not constitute an offer or contract. Measurements, descriptions and rental figures should be independently verified by prospective purchasers. Any rental income figures are estimates and should not be regarded as guaranteed.
- 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.
- 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
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Affordability
About BRH, Doncaster
The Castle Mill, Minneymoor Hill, Conisbrough, Doncaster, DN12 3EN
Notes
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Visit our security centre to find out moreDisclaimer - Property reference RX848331. 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 BRH, Doncaster. 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.