3-bedroom terraced house · DN32 9LA
Sold STCListed 146 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An outstanding opportunity to acquire what is, in the agent’s opinion, one of the finest Houses in Multiple Occupation currently available on the market.
This substantial and well maintained five bedroom HMO offers excellent rental potential and strong long term investment appeal, with an estimated income of approximately £500 per week.
The property benefits from a valid HMO licence already in place, providing a ready made investment for landlords seeking immediate returns.
Additional certification and compliance measures have also been completed, including fire alarm certification where applicable, offering further peace of mind for prospective purchasers.
Modern improvements include an app enabled landlord thermostat control system linked directly to the boiler, allowing efficient remote management of heating and energy usage.
The roof and heating system were both updated approximately six to seven years ago, ensuring the property remains in excellent operational condition with reduced maintenance requirements.
EPC Rating: D ENTRANCE HALL With built-in fire alarm and meter cupboard.
LOUNGE 3.45m x 4.7m Good size lounge with deep tiled fireplace, built-in pine storage cupboard with shelves and two double glazed UPVC windows.
KITCHEN 4.34m x 4.34m Large square shaped kitchen with a range of base and wall mounted units, complimentary worksurfaces, freestanding cooker and washing machine.
SEPERATE W.C With w.c. and wash handbasin. BEDROOM ONE GROUND FLOOR 3.91m x 4.7m Good size room with marble fire surround and deep bay front window.
BEDROOM TWO 3.66m x 3.28m With pine fire surround. BEDROOM THREE 2.79m x 4.65m Good size double bedroom with built in sliding wardrobes.
BEDROOM FOUR 3.61m x 3.66m BATHROOM 1.88m x 3.89m Large bathroom with white panel bath and shower over, WC and pedestal wash handbasin.
Garden To the rear is a courtyard-style garden offering low-maintenance outdoor space.
The property further benefits from a garage and driveway situated to the side, providing valuable off-road parking and additional storage potential.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Hare Street, Grimsby, DN32
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