2 bedroom flat for sale

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2 bedroom flat for sale

Grantley Street, Grantham, NG31
£130,000

Our Summary

  • An excellent investment opportunity to acquire two tenanted 1-bedroom flats with the freehold of the building on Grantley Street, Grantham

Description

This is an excellent investment opportunity to acquire two tenanted 1-bedroom flats with the freehold of the building on Grantley Street, Grantham. The flats, which have existing tenants, offer a combined yield of 9.2% and a steady income stream. The ground floor flat has a yield of 7.66% and rents for £415 per month, while the second floor flat has a yield of 9.32% and rents for £505 per month. The combined monthly income is £920, with a combined yield of 8.49%. The flats are well-maintained and have access to a shared courtyard garden, and are located close to Grantham town centre and transport links, making them a popular choice for tenants. The freehold ownership offers future growth potential and immediate returns, making this a secure investment opportunity.