3 Bed Terraced House, Single Let, Cleethorpes, DN35 8DN £120,000

• Three-bedroom mid-terrace in central Cleethorpes +
• Just off St. Peter’s Avenue, close to shops & seafront +
• Modern fitted kitchen and white bathroom suite +
• Stylishly decorated and well presented throughout +
• Walking distance of amenities, schools & transport links +
• Long-term tenant currently paying £570pcm +
• Gross yield of approx. 5.7% with scope to increase to 7% +
• Attractive investment with secure ongoing tenancy +

An excellent opportunity to acquire a well-presented three-bedroom mid-terrace, located just off St. Peter’s Avenue in the very heart of Cleethorpes. The property is ideally positioned within walking distance of the seafront, shopping facilities, restaurants, and local amenities, making it a highly desirable location for tenants and owner-occupiers alike.
The accommodation is stylishly decorated and comprises a welcoming living space, an attractive fitted kitchen, and a modern white bathroom suite, together with three good-sized bedrooms. The property has been very well cared for and is ready to move straight into.
Currently let to a long-term tenant who is paying £570 per calendar month, the property produces a gross yield of approximately 5.7% at the asking price. 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 makes the property not only a smart investment but also a secure one, with the benefit of continuity of tenancy.
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.