1 bedroom apartment

St Martins House, Gervase Street, Scunthorpe DN15 7QB

Size: 34 sqm

Purchase price

£55,000

Size: 34 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £3,900
Net income £3,900
Gross yield 7.09%
Net yield 7.09%

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! This one bedroom ground floor apartment is in the heart of Scunthorpe, minutes walk into the town centre. Enquire today to avoid disappointment.


This excellent apartment comprises of entrance hallway leading to a lounge with double glazed window to the front; fully fitted kitchen with built in oven and hob; large double bedroom with double glazed window to the front; and a three piece bathroom suite with shower over bath.

Within walking distance of the town centre, train station, hospital and other amenities this apartment is perfect for the first time buyer or investor. Rental demand is very high for apartments within this secure block - this apartment is currently let for £325pcm

House prices in North East Lincolnshire continue to rise. New data from HM Land Registry shows that the price of an average house in the area was £122,340 at the start of the year. That’s an average 1.5 per cent rise compared to the same time in 2018, when the figure stood at £120,537 - meaning the average homeowner will have gained £1,803 over the period. In comparison, in the 12 months to January 2018, house prices rose by 2.7 per cent. In Yorkshire and the Humber on the whole, the value of detached houses rose the most over the year - by 3.6 per cent.

Interested in this property? Enquire today for more information

Key features

Key features

Earn instant income

Key features

One bedroom apartment

Key features

Fully fitted kitchen

Key features

Double glazed

Key features

Great location

Key features

Shops, bars and amenities nearby

Key features

Excellent transport links

Key features

Minutes walk to town centre

Key features

Freehold

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! This one bedroom ground floor apartment is in the heart of Scunthorpe, minutes walk into the town centre. Enquire today to avoid disappointment. More info...

This excellent apartment comprises of entrance hallway leading to a lounge with double glazed window to the front; fully fitted kitchen with built in oven and hob; large double bedroom with double glazed window to the front; and a three piece bathroom suite with shower over bath.

Within walking distance of the town centre, train station, hospital and other amenities this apartment is perfect for the first time buyer or investor. Rental demand is very high for apartments within this secure block - this apartment is currently let for £325pcm

House prices in North East Lincolnshire continue to rise. New data from HM Land Registry shows that the price of an average house in the area was £122,340 at the start of the year. That’s an average 1.5 per cent rise compared to the same time in 2018, when the figure stood at £120,537 - meaning the average homeowner will have gained £1,803 over the period. In comparison, in the 12 months to January 2018, house prices rose by 2.7 per cent. In Yorkshire and the Humber on the whole, the value of detached houses rose the most over the year - by 3.6 per cent.

  • Key features
    Tick Desktop Earn instant income
    Tick Desktop One bedroom apartment
    Tick Desktop Fully fitted kitchen
    Tick Desktop Double glazed
    Tick Desktop Great location
    Tick Desktop Shops, bars and amenities nearby
    Tick Desktop Excellent transport links
    Tick Desktop Minutes walk to town centre
    Key features

    Freehold

  • LocationLocation

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £3,900
Net income £3,900
Gross yield 7.09%
Net yield 7.09%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.