Shipton Road, Scunthorpe, North Lincolnshire, DN16 3HQ

TWO FREEHOLD SEMI-DETACHED INVESTMENT PROPERTIES | TENANTS IN SITU | POTENTIAL 8.7% GROSS YIELD

An attractive opportunity for investors to acquire two 2-bedroom semi-detached properties in Ashby, Scunthorpe, offered together for £200,000 with tenants already in situ.

The properties currently generate a combined rental income of £1,024 pcm / £12,288 per annum, providing a current gross yield of approximately 6.14% at the asking price.

Importantly for investors looking for future income growth, the seller estimates a potential rental level of approximately £725 pcm per property. If achieved, this would increase the combined rental income to £1,450 pcm / £17,400 per annum, equivalent to a potential gross yield of approximately 8.70% at the £200,000 purchase price.

Both properties are freehold, have EPC C ratings and benefit from existing tenants, giving buyers the opportunity to acquire two established rental properties within a single transaction.

The current rents are £510 pcm and £514 pcm, leaving identifiable scope for future rental growth, subject to the existing tenancies, applicable legal requirements and the achievable open-market rental values.

Situated in the established residential area of Ashby, the properties are within reach of the shops and everyday amenities around Ashby High Street, with the wider Scunthorpe area providing further shopping, leisure and employment opportunities.

For investors seeking to expand an existing portfolio, the opportunity combines two properties, two existing tenancies, freehold ownership and significant potential rental uplift in one acquisition.

Investment Summary:

Asking Price: £200,000 Two 2-bedroom semi-detached properties Freehold Tenants in situ Current Rent: £1,024 pcm combined Current Annual Income: £12,288 Current Gross Yield: 6.14% Estimated Potential Rent: £1,450 pcm combined Estimated Potential Annual Income: £17,400 Potential Gross Yield: 8.70% EPC Rating: C on both properties