2 bed flat for sale

Finkin Street, Grantham NG31

Landlord alert! A five-flat investment opportunity with tenants in situ

A fantastic opportunity for an investor to acquire five tenanted flats within one building, all offered with tenants already in situ. The property currently produces a combined annual rent of £35,160 and yield of 10.05%, with the potential annual rent of £36,840 and yield of 10.53%, making this an exciting opportunity for an established landlord or someone looking to grow their portfolio. The building comprises three two-bedroom flats and two one-bedroom flats, with communal hallways and landings serving the apartments.

Flat 1 is a generous two-bedroom apartment with two double bedrooms, a kitchen, dining room and open-plan living space, along with a bathroom.

Current Rent of £590pcm with a potential rent of £645pcm.

Flat 2 offers an open-plan kitchen, dining and living space, a double bedroom and bathroom.

Current Rent of £570pcm with a potential rent of £590pcm.

Flat 3 has two bedrooms, including one double and one single, alongside an open-plan kitchen, dining and living space and bathroom.

Current Rent of £570pcm with a potential rent of £590pcm.

Flat 4 is a little different and full of character, offering an open-plan kitchen, dining and living space with a spiral staircase leading to a double bedroom.

Current Rent of £540pcm with a potential rent of £550pcm.

Flat 5 is the largest of the five and provides two double bedrooms, a good-sized bathroom, a large lounge/diner and separate kitchen.

Current Rent of £660pcm with a potential rent of £695pcm.

All five flats are presented to a good standard and are already occupied, meaning the new owner can take on an established investment with tenants in place from day one.

Five flats. One building. Five rental incomes. A 10.05% current yield.

For landlords looking to add multiple units on a single title to their portfolio in one purchase, this is an opportunity worth taking a closer look at.

EPC Rating: C

Lounge (6.7m x 5.9m)

Dining Room (2.7m x 2.1m)

Kitchen (3.8m x 3.0m)

Bedroom 1 (4.5m x 3.0m)

Bedroom 2 (2.9m x 2.0m)

Kitchen/Diner (5.7m x 5.0m)

Bedroom (3.7m x 2.4m)

Kitchen/Diner (5.7m x 4.6m)

Bedroom 1 (4.1m x 3.7m)

Bedroom 2 (3.4m x 2.3m)

Kitchen/Diner (6.7m x 5.0m)

Bedroom (7.1m x 4.0m)

Kitchen (2.71m x 3.99m)

Lounge (5.47m x 6.87m)

Bedroom 1 (5.47m x 3.93m)

Bedroom 2 (3.92m x 3.48m)