Cowbridge, Boston, PE22 7AX | Investment Property for Sale | VES-PE22-003

Opportunity to purchase a detached house in Boston generating £8,340 rent pa & gross yield of 5.4%

£155,000

Detached House

VES-PE22-003

INITIAL INVESTMENT

£46,500

Based on

deposit: £38,750

stamp duty: £5,250

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£8,340

GROSS YIELD

5.4%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

3 bedrooms

2 bathrooms

1 reception room

840

Unfurnished

Property information

  • Split over 2 floors
  • Ground floor comprises:
    • Lounge
    • Separate dining room
    • Kitchen
    • Bathroom
  • First floor comprises 3 bedrooms
  • Access to the courtyard via the kitchen
  • A new boiler was installed in 2020
  • EPC rating: F
  • Council tax band: A
  • Monthly rental income £695
  • The tenants have served notice and will vacate at the end of August 2022

Location information

  • The property is located in the Cowbridge area of Boston
  • Boston town centre is just over 2 miles south of the property
  • Boston railway station is approximately 2.5 miles south of the property
  • Boston golf club is just across the road from the property

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Boston, Lincolnshire

Boston is a historic port and market town in Lincolnshire on the east coast of England. It lies approximately 100 miles north of London.

The A16 goes through the town connecting it with Grimsby and Peterborough, whilst the A52 connects Boston to Skegness, and Grantham, Bingham, West Bridgford, Nottingham, Stapleford, Derby, Stoke-on-Trent and Newcastle-under-Lyme in the west. The nearby A17 links Newark-on-Trent to King’s Lynn in Norfolk.

Boston railway station is managed by East Midlands Railway and provides regular trains to Nottingham via Grantham and Skegness. The town offers a number of attractions and activities such as St Botolph’s Church, Westwood Lakes, Blackfriars Arts Centre, Boston Aerodrome, Boston Belle, Boston Guildhall Museum, Bubblecar Museum and many more.

On Wednesday and Saturday open-air markets are held in the large open market place in the centre of town. On Wednesday the market also boasts an open-air auction and stalls on Bargate Green. Many independent specialist stores, cafes and boutiques can be found in the streets around the market place, whilst Pescod Square and Boston Shopping Park offer further shopping destinations.

The local economy’s most important employers are in food production, road haulage and logistics companies, the Port of Boston which handles more than one million tons of cargo per year, such as importing steel and timber and exporting grain and recyclable materials. The port is connected to the rail system and steel imports are being transported by rail daily to Washwood Heath in Birmingham. Other industries include shellfishing and tourism.

Horncastle Road,

Boston,

Lincolnshire,

England,

PE22 7AX

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All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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