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End terrace house for sale

Prospect Place, Market Rasen, LN8
Guide price

£110,000

Interested in this property? Call us on 01673 843011

Property features

  • Two self contained maisonettes
  • Investment opportunity
  • Recently refurbished to a high specification
  • Gas central heating
  • uPVC double glazed
  • Generates an income of £9,000 per annum

Property location

Property description

Summary
Perkins George Mawer are pleased to offer for sale this well presented investment opportunity located in central Market Rasen comprising two self-contained maisonettes, both Let on Assured Shorthold Tenancies generating a gross income in the region of £9,000. Representing 8% yield.

Situated within walking distance of Market Rasen & close to local amenities and benefitting from on street parking. The property provides an excellent opportunity for an investment purchaser. Both maisonettes were refurbished five years ago to a high specification including modern kitchens and bathrooms, gas central heating(28),electric heating(28a) and uPVC double glazing.

Location:
One of the western gateways to the Lincolnshire Wolds (designated an Area of Outstanding Natural Beauty), Market Rasen has an ideal location, standing on the River Rase. Market Rasen is a small historic Market Town which boasts supermarkets local shops selling local produces, friendly pubs and stunning surrounding countryside. Facilities are excellent and besides the thriving shopping centre there's a police station, fire and ambulance stations, railway station, excellent schooling, doctor's surgery, good access to NHS dentists and a library.
The racecourse is the only one in Lincolnshire and a golf course, and a number of new residential developments which have brought in new residents to this pleasant corner of Lincolnshire.

Directions:
From our offices on Queen Street, head east on the Willingham Road towards Louth and take the second right turn on to Prospect Place. The maisonettes can be found on the right hand side at the end of the road before Lion House.

Description:
Formerly a single dwelling, the property has been extended and developed by current vendors. The refurbished, two completely self contained two storey maisonettes include modern kitchen, bathroom fittings and independent heating systems. No 28 has the benefit of gas fired central heating and No 28a has an electric heating system installed.

28 Prospect Place:
50m2

The accommodation comprises to the ground floor: Open- Plan Living Room/Kitchen Area with log burner.

First Floor: Bedroom and bathroom /WC combined.

28a Prospect Place:
47m2

The accommodation comprises to the ground floor: Open- Plan Living Room/Kitchen Area with patio doors leading to the rear enclosed private garden with artificial grass. Bathroom /WC combined. To the first floor is the bedroom.

First Floor: Bedroom and bathroom /WC combined.

Services:
Mains drainage, gas, water and electricity are connected. No28 has the benefit of a gas fired heating system.28a has an electric heating system installed.

The EPC on 28a Prospect Place is E - full details available from the Agents.

Tenure:
Freehold

Outgoings:
Both properties falls into Council Tax Band A payable to West Lindsey District Council, Guildhall, Marshall's Yard, Gainsborough DN21 2NA Tel: 01427 676676.

Fixtures & Fittings:
Only those items described within these sales particulars are included within the sale.

Brochure Details:
This brochure including photography was prepared by Perkins, George Mawer & Co. In accordance with the seller's instructions of June 2018

Viewing:
Strictly through the Selling Agents at their Market Rasen office. Tel: 01673 843011

Opening Hours:
Monday to Friday : 9 am to 5.15 pm - Saturday 9 am to 12.00 pm

Interested in this property? Call us on 01673 843011
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PERKINS GEORGE MAWER & CO

01673 843011

Weekdays: 9:00am - 5:15pm
Saturday: 9:00am – 12noon

Corn Exchange Chambers, Queen Street, Market Rasen LN8 3EH

info@perkinsgeorgemawer.co.uk

Chartered Valuation Surveyors & Estate Agents
Agricultural & Fine Art Auctioneers