Key features

• 3 Bedrooms
• Three-Piece Bathroom
• Spacious Lounge, Kitchen and Diner
• Gas Central Heating and Double Glazed Windows
• Rear Garden Space
• Updated EICR< Gas Safety, Legionella, PAT test
• Humberside Airport is just 30 minutes away and Robin Hood Airport is 45 minutes
• Current Rent: £650
• Potential Rent: £950 at 9.12% yield

Description

An exceptional opportunity to acquire a stunning three bedroom terraced property situated in the sought-after Scunthorpe. With a total internal area of 936 sq ft.

Key Investment Highlights:

High Rental Demand: Scunthorpe is a town with a mix of residential and commercial properties ensuring strong and steady rental yields.

Prime Location: Belmont Street is well-connected to the local road network. It is close to the A18, which connects Scunthorpe to nearby towns such as Barnetby and Grimsby to the east, and Doncaster to the west. The A15 also provides a route south towards Lincoln and north towards Hull. These transport links make Belmont Street relatively accessible and well-connected, which is beneficial for both residents and potential investors. Humberside Airport is just 30 minutes away and Robin Hood Airport is 45 minutes.

Long-Term Growth: As an area benefiting from regeneration and ongoing development, Scunthorpe continues to see rising property values and rental income potential.

Property Overview:

This exceptional property is a 3-Bedroom Terraced House. It has a spacious lounge, diner, kitchen and a three piece bathroom. This also comes with gas central heating and double glazed windows and rear garden space. The EICR< Gas Safety, Legionella, PAT test are done just 6 months ago.

Properties in Belmont Street consistently achieve strong rental returns, with demand often exceeding supply. Based on current market conditions, this three-bedroom property is generating £650 monthly and has the potential to generate an estimated rental income of £950 per month, delivering a healthy gross rental yield. With the added advantage of long-term capital growth, this property is a solid investment choice.

Future Growth and Appreciation:

Scunthorpe has a history of being an industrial town, known for its steelworks and manufacturing sectors particularly with the British Steel plant.

Additional Information:

Tenure: Freehold

This is a rare opportunity to acquire a property in one of Scunthorpe’s fastest-growing rental markets. Whether you’re an experienced investor looking to expand your portfolio or a first-time buyer searching for a long-term growth opportunity, this terraced house in Belmont Street is not to be missed. Contact us today to arrange a viewing or discuss investment details.