3 bed terraced house for sale

Mansel Street, Grimsby DN32

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!