Stunning High Specification Tenanted Apartments
Lincolnshire, England
£99,950 (prices from)

Net
Gross
Finance

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Classic architecture meets modern luxury living

Were thrilled to present this extremely high specification development to our investors, with up to £27,000 discount from marketed prices and tenants already in situ.

Ten luxury apartments fill this Victorian mansion, each designed to maximise light, space and comfort. Traditional features mix seamlessly with modern amenities.

Traditional Charm with a Modern Spirit

Dating back to the late 19th century, this Victorian mansion retains much of its original charm. The red brick exterior and the traditional entrance doors contrast with the contemporary design choices and modern appliances of the interior. An elegant yet relaxed tone is apparent the moment you enter the lobby, where a lift will take residents directly to their floor. Within an expertly renovated classic home, no detail has been overlooked: each apartment has been individually designed and fitted to the highest standards.

Once inside, large sash and bay windows, as well as high ceilings, ensure that the new homes are filled with natural light. From the high quality kitchen to the spacious master bedroom and beautiful bathrooms, every detail provides an experience that is stylish and plush, yet practical and comfortable.

Location

 

The area

Once the worlds largest fishing port, this former seaside community has retained its history and heritage yet become a modern, bustling town. Activities and entertainment are always at hand, with a mix of attractive boutiques, a thriving café and bar culture, a traditional seafront, plus many museums and galleries. Grimsby also benefits from a highly commended selection of state and private schools, as well as a respected university. This is Lincolnshire living at its best. The centre of Grismby has recently seen more investment with around £100 million put into the city centre’s redevelopment already.

‘Resurgent’ Grimsby is catching the eye of property investors in other parts of the country who believe the town is one of the best places in the UK to put their money.

A combination of low house prices and high demand for quality rentable accommodation is proving an irresistible lure – especially against a backdrop of major new developments and the prospect of faster rail connections to London. Property prices have risen 22% (all properties) and 23% (apartments) in the last 5 years alone.


Worked Example

2-bed Tenanted Apartment
Assetz Price £99,950
Assetz Fee £3,600
Deposit £25,000
Rental Income £650pcm
Mortgage rate & LTV 1.98% @ 75% LTV*
Mortgage Costs £124pcm
Service Charge & Ground Rent £190 & £795
Gross Yield 7.8%
Net Yield 6.82%
Return on Investment 18.6%
* Finance subject to status and lender's criteria


Key Features

Generous floor to ceiling heights up to approx. 3.2m
Traditional skirting and architraves
Lift for easy access
Designer kitchens & luxury bathrooms
Integrated dishwasher, fridge freezer, washer/dryer
Ceramic hob and electric oven with feature stainless steel extractor
Stainless steel sink with chrome tap
Free standing baths (three apartments)
Heated towel rails
Energy & Heating
Economical, renewable energy heating systems
Thermostatic radiators
Dimmable lighting and electrical fittings throughout
Chrome fittings and finishes throughout


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Risk Warning and Disclaimer:

The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.