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See how verdicts work3-bedroom flat · DN32 7NT
For saleReduced £7.5k (−11.5%) on 30 JunListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Farrow Estate Agents are delighted to bring to the market this attractive and spacious three bedroom First Floor Flat situated within close proximity to a wide range of amenities, regular bus services and in catchment of well regarded schools.
Offered with no onward chain and recently renovated to a good standard, this would make the perfect purchase for any investor looking to add to their portfolio or family looking to downsize.
This spacious property boasts a generous 189-year lease and a peppercorn ground rent, ensuring peace of mind for years to come.
Internal accommodation comprises: Generous sized hallway serving three good sized bedrooms, rather large lounge with plenty of space for furniture, fitted kitchen / diner with array of units and ample space for appliances and a well equipped bathroom.
Externally, there is a spacious and secured courtyard surrounded by a 2m high solid brick wall and secure lockable steel gates.
Furthermore, the property is fitted with uPVC double glazed windows and well as a gas central heating system, ensuring a comfortable living environment throughout the seasons .
Additionally, there is “plenty of parking space for a car, or a large van, which adds to the convenience of this delightful property.
Bedroom 1 (4.47m x 3.68m (14'8 x 12'1)) Bedroom 2 (4.24m x 2.67m (13'11 x 8'9)) Bedroom 3 (3.15m x 2.79m (10'4 x 9'2)) Living Room (5.21m x 4.24m (17'1 x 13'11)) Kitchen / Diner (53.95m x 3.68m (177 x 12'1)) Bathroom (2.46m x 1.91m (8'1 x 6'3)) Secured & Gated Courtyard
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
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FAQ
About First Floor Flat, 110, Park Street, Grimsby
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