Market Rasen, LN8 3DP | Investment Property for Sale | VES-LN8-001

Opportunity to purchase a 2-unit mini portfolio in Market Rasen generating £12,000 rent pa

£210,000

2-unit Portfolio

VES-LN8-001

INITIAL INVESTMENT

£62,300

Based on

deposit: £52,500

stamp duty: £6,300

mortgage fees: £1,500

conveyancing fees: £2,000

GROSS RENT

£12,000

GROSS YIELD

5.7%

ADD TO FAVOURITES

The portfolio

TENURE

Freehold

NO OF UNITS

2

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

1,216

PRICE SQ FT

£173

Portfolio information

  • This mini-portfolio comprises 2 neighbouring terraced houses
  • Both properties comprise:
    • 2 x good-sized bedrooms
    • Bathroom
    • Kitchen
    • Living room
    • Access to a shared garden
    • Shed
  • EPC ratings: D
  • Council tax bands: A

Rental information

Both properties are fully let and currently achieve:

  • Monthly rental income: £1,000
  • Annual rental income: £12,000

Available upon request

  • Portfolio breakdown
  • Full floorplans
  • EPCs for all units

Location information

  • The properties are located just outside Market Rasen town centre
  • The town centre is just a few minutes from the properties
  • All local amenities can easily be reached on foot
  • Market Rasen railway station is 0.3 miles from the properties

Note

Please note that Vesta has not visited the properties 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 Market Rasen, Lincolnshire

Market Rasen is a market town in the West Lindsey district of Lincolnshire. It lies around 13 miles north-east of Lincoln, 18 miles east of Gainsborough, 14 miles west of Louth and 16 miles south-west of Grimsby.

The A46 runs through the town on the westerly side and connects it with Bath and Cleethorpes.

Market Rasen railway station lies on the Leicester to Grimsby line with trains operated by East Midlands Railways. Train services run to Grimsby Town and Leicester via Lincoln and Nottingham. There is also a service to and from Cleethorpes.

Market Rasen is most famous for its National Hunt racecourse, which stages a year-round programme of racing. The racecourse venue also plays host to meetings, conferences, exhibitions, weddings, music events and private parties.

The town’s main shopping area is along Queen Street. A local market is held every Tuesday, Friday and Saturday, whilst every Tuesday there is also an auction of goods and produce. A farmers market is held on the first Tuesday of every month, and the Women’s Institute holds a country market every Friday.

Education is provided by the De Aston School, Market Rasen Church of England School, Middle Rasen School and Preschool, as well as schools at Osgodby, Faldingworth and Legsby.

The local economy is centred around the racecourse and many locals also commute to nearby towns and cities for work.

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Important Note

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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