3 bed House - Terraced for Sale

A spacious and well-positioned mid-terrace property offering strong rental income, located in a popular residential area of Grimsby. Currently tenanted at £600 per calendar month, this freehold property represents an ideal investment for landlords seeking a high-yielding asset with long-term potential. Property features: * Three bedrooms * Two reception rooms * Fitted kitchen * Family bathroom * Enclosed rear garden * Small front yard * Mid-terrace * Freehold tenure * Council Tax Band A * Currently tenanted at £600 PCM Rental yield: * Asking price: £90,000 * Annual rent: £7,200 * Gross yield: approximately 8.0% * Suitable for halal mortgage structures (e.g. Diminishing Musharakah) Location and amenities: Mansel Street is well placed for access to Grimsby town centre, which offers a range of shops, restaurants, supermarkets, and essential services. The area is well-regarded by tenants for its convenient location and good community amenities. Transport links: * Close to the A16 and A180 for commuting * Regular local bus services to the town centre and surrounding areas * Grimsby Town railway station provides regional and national rail connections Schools and education: * Walking distance to local primary schools such as Strand Primary Academy and secondary options including Oasis Academy Wintringham * Nurseries and childcare facilities available nearby This property presents a great opportunity for investors seeking a solid rental return and a property with long-term tenant appeal. With a generous layout and outdoor space, it offers strong fundamentals and excellent yield potential. For more information or to arrange a viewing, please contact Stonebanks today!