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Ladysmith Road, Lincolnshire DN32 2 bed terraced house for sale
Ladysmith Road, Lincolnshire DN32
£50,000
Ladysmith Road, Lincolnshire DN32
£50,000
Our Summary
- The property currently is in need of renovation, providing an outstanding opportunity for refurbishment and potential generation of significant rental income, optimistically up to a figure of £650 pcm
- The house itself carries a wealth of potential despite its current condition
- The blank canvas these rooms provide allows for complete redesigning to meet the desirable modern standards or indeed to cater to the prospective tenants' preferences
- Additionally, a single bathroom and kitchen are available, both needing renovation, yet providing an opportunity for bespoke transformation
- It's worth noting that this house could serve as a great potential income stream upon renovation completion, making it the perfect catch for investors
- Blank canvas for renovation
- For Sale by Modern Auction – T & C’s apply
- For Sale by Modern Auction – T & C’s apply
- Ideal investment opportunity
- The Modern Method of Auction
Description
This terraced house is being sold as a renovation project, offering a lucrative investment opportunity with the potential to generate significant rental income of up to £650 per calendar month, representing a 15.6% gross yield. The property features two reception rooms, two bedrooms, a single bathroom, and a kitchen, all of which require renovation. The blank canvas provides an opportunity to redesign and transform the space to meet modern standards or the preferences of prospective tenants. With no onward chain and an EPC rating of "E" and council tax band "A", this property is an attractive option for investors. The untapped potential of the house offers numerous desirable outcomes based on an investor's vision, making it a great potential income stream upon completion of the renovation.