Offers over
£30,000
1 bed flat for saleManor Court Manor Avenue, Grimsby DN32
1 bed
1 bath
EPC Rating: C
Leasehold
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.
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.
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Monthly repayment
£150 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (95 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review



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