Offers over
£30,000
1 bed flat for saleManor Court Manor Avenue, Grimsby DN32
1 bed
1 bath
EPC Rating: C
About this property
Income Producing – £4,320 Per Annum
Prime Town Centre Location
Close To Cleethorpes Beach
Off Street Parking
Lease- 95 Years Remaining
Ground Rent – £4 pcm
Service Charge – £116 pcm
A ready-made investment opportunity located within a consistently strong rental area of Grimsby, currently generating approximately £4,320 Per Annum from established long-term occupants, providing investors with an immediate income-producing asset.
Priced competitively to encourage a prompt sale, the property offers clear value against comparable local sales, with similar apartments and flats within the DN32 area achieving values in the region of £45,000–£60,000 depending on condition and tenure. Based on the current rental income, the property offers investors the potential for an attractive gross yield in excess of 9%.
Please note that any systems, appliances, or services shown in the marketing photographs have not been tested by us and will be subject to the fixtures and fittings agreement with the seller.
Once an offer is accepted, a deposit of £5,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.
All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.
Zoopla tools
Stamp duty calculator
Our instant calculator helps you understand how much stamp duty is due on property purchases in England & Northern Ireland. Read the latest stamp duty news
This calculation is intended as a guide only. We are unable to provide financial advice, so it's important to consult with an adviser. It applies to UK residents purchasing residential properties in England and Northern Ireland, but does not apply if the purchase is made through a company.
Zoopla insights
Sign in and gain expert analysis to make informed decisions.
More information
Tenure
Leasehold (95 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review
.png)