Project Description

*Submit Pre-Auction Offer
Location
The property is located on Capper Avenue, in Hemswell Cliff village and civil parish in the West Lindsey district of Lincolnshire.

It is situated just off the A631 road between Caenby Corner and Gainsborough. Making it a popular residential area for commuters and attractive for landlords and investors alike.

The local primary school is located just a stones throw from the property and can be reached within 2 minutes on foot.

The property is situated approximately 14 miles north of the historic City of Lincoln and regular transport links on offer.

The nearby A15 and A46 link roads in turn giving access to the major towns of Newark on Trent, Grantham and Sleaford.

Description
This well presented mid terrace property offers spacious accommodation set over two floors.

The breakfast kitchen hosts a range of base and eye level units, with roll top work surfaces, sink and drainer and space for free standing appliances.

Spacious duel aspect living room to front aspect having stairs to first floor landing.

Upstairs there are two double bedrooms and a family bathroom with shower cubicle and separate WC.

Externally the property benefits from allocated parking, and rear garden grounds mainly laid to lawn with a garden shed providing additional storage.

Accommodation
Property not measured.

Services
We understand the property has mains gas, electric, water and drainage.

Tenure
Freehold

Investment AnalysisThe property is currently let on an AST basis for £375 pcm (£4,500 pa). Representing a gross yield of 8.18%.

We believe the property to be under rented at present and could achieve a higher rental of £450 pcm (£5,400 pa). Representing a potential gross yield of 9.82%.

Council Tax
The property is rated in Council Tax Band A. Council Tax payable (2014/15) is £1,056.57

*Guide Price
£55,000+

Please note an inspection of this property has not been undertaken and photographs have been provided by a third party.

Viewing by Appointment

To view this property, please contact John Pye Property – property@johnpye.co.uk – 0115 970 6060

Please click the following link to access the legal pack documents – http://www.johnpye.auctiondocs.com/

Address

36 Capper Avenue
Hemswell Cliff
Gainsborough
Lincolnshire
DN21 5XS

Features

✓ Two double bedrooms
✓ Spacious accommodation throughout
✓ Ready made investment
✓ Strong rental area
✓ Current rent of £375 pcm (£4,500 pa) representing a yield of 8.18%
✓ Potential rental of £450 pcm (£5,400 pa), 9.82% yield
✓ Potential for capital growth
✓ Private garden and parking
✓ Close to amenities

Contact

Hayley Riley
Phone: 0115 970 6060
Email: property@johnpye.co.uk
Our Ref: PR180

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