Bentley Street, Cleethorpes... 3 bed terraced house for sale

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Bentley Street, Cleethorpes... 3 bed terraced house for sale

Bentley Street, Cleethorpes, Lincolnshire, DN35
£120,000

Our Summary

  • The tenant is keen to remain in occupation and has expressed willingness to accept a rental increase in order to stay, offering scope to enhance the yield to around 7%
  • This is a rare chance to purchase an attractive and well-maintained home in a prime Cleethorpes location, already generating income, with clear potential for increased returns
  • 7% with scope to increase to 7%

Description

This three-bedroom mid-terrace property is situated in the heart of Cleethorpes, just off St. Peter's Avenue, within walking distance of the seafront, shops, restaurants, and local amenities. The property is stylishly decorated and features a welcoming living space, an attractive fitted kitchen, and a modern bathroom suite, as well as three good-sized bedrooms. Currently let to a long-term tenant who is willing to accept a rental increase to stay, the property produces a gross yield of approximately 5.7% and has the potential to increase to around 7%. This makes it a smart and secure investment opportunity, with the benefit of continuity of tenancy, offering a rare chance to purchase a well-maintained home in a prime location that is already generating income.