3 Bedroom properties in "LN3" are mostly listed between £595 - £750. There is limited data on listings in proximity to this property.
These figures should only be used as a guide, always get a rental assessment from a professional.
Description
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 2nd May 2024
Description
Prime Property Auctions New Entry - Fantastic 3 bedroom renovation opportunity. Huge potential rental income once renovated and let!***£140,000 GUIDE PRICE***
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Property has had part refurbishment and would benefit from renovation to unlock the full potential of the property .
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The property could achieve £850-£950 PCM (£10,200-£11,400 P/A) Which would provide a brilliant rental yield of 7%-8%(once tenanted) if acquired at £140,000 guide price.
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***74, Hawthorn Avenue, Cherry Willingham, Lincoln, Lincolnshire LN3 4JS previously sold for £207,000, 64, Hawthorn Avenue, Cherry Willingham, Lincoln, Lincolnshire LN3 4JS previously sold £227,000***
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Sure to appeal to a Homeowner for a massive capital growth opportunity or an investor looking for a potentially huge rental income vehicle.
\r \r \r Prime Property Auctions New Entry - Fantastic 3 bedroom renovation opportunity. Huge potential rental income once renovated and let!***£140,000 GUIDE PRICE***\r \r \r \r The property is ideal for a shrewd investor looking for a fantastic BRRR opportunity.\r \r \r \r The Local sales evidence shows that once renovated,\r \r \r \r The property could achieve £850-£950 PCM (£10,200-£11,400 P/A) Which would provide a brilliant rental yield of 7%-8%(once tenanted) if acquired at £140,000 guide price. \r \r \r \r The property comprises: 3 bedrooms,living room, kitchen, bathroom, large back garden, driveway.\r \r \r \r \r \r ***74, Hawthorn Avenue, Cherry Willingham, Lincoln, Lincolnshire LN3 4JS previously sold for £207,000, 64, Hawthorn Avenue, Cherry Willingham, Lincoln, Lincolnshire LN3 4JS previously sold £227,000***\r \r \r \r \r \r Sure to appeal to a Homeowner for a massive capital growth opportunity or an investor looking for a potentially huge rental income vehicle.\r \r \r \r The properties council tax band is B.\r \r \r \r Property benefits from sought after location with massive development potential. It is sure to appeal to landlords looking for a POTENTIALLY HIGH yielding investment. The seller will consider early offers.\r \r \r \r This property is offered at a fantastic price to ensure an Auction sale.\r \r \r \r \r \r This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website. \r \r \r \r \r \r The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.\r \r \r \r Location\r \r \r \r Cherry Willingham resides within the picturesque landscapes of Lincolnshire, England, situated approximately 4 miles northeast of Lincoln and 9 miles southwest of Market Rasen. This idyllic village is home to a close-knit community of approximately 4,000 residents, offering a delightful fusion of rural tranquillity and modern conveniences. The vibrant hub of Cherry Willingham is its bustling village centre, characterised by quaint shops, cosy cafes, and thriving local enterprises. A well-connected road network ensures seamless travel in and out of the village, facilitating easy access for both residents and visitors. Surrounded by the scenic countryside of Lincolnshire, Cherry Willingham offers a serene and inviting atmosphere for those seeking a balance of countryside charm and urban accessibility.\r \r
Agent Details
Prime Property Auctions Ltd
126 West Regent Street, Glasgow, G2 2RQ
Investment Analysis
Annual Rent:
£8,880
Annual Mortgage Interest:
£2,025
Annual Costs:
£200
Net Profit:
£6,655
ROCI:
19%
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