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See how verdicts work5-bedroom house · DN35 7AB
For saleListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to acquire a ready-made investment comprising two self-contained flats within a substantial mid-terrace property, positioned along Grimsby Road and within easy reach of Cleethorpes, local amenities and transport links Ready-to-let investment with a gross yield of around 10% of both flats.
Based on current market conditions, each flat is estimated to achieve approximately £425–£450 per calendar month, offering a potential combined rental income in the region of £850–£900 per month.
Each flat has its own entrance, gas central heating and uPVC double glazing throughout.
Recently refreshed with neutral finishes, offering clean and lettable accommodation with minimal immediate outlay required.
The ground floor flat comprises a lounge, spacious kitchen/dining room, two bedrooms and a bathroom.
To the first floor, the accommodation includes a lounge/diner, separate kitchen, three bedrooms and a bathroom, providing flexibility for a range of tenant types including families or sharers.
EPC Rating: B Location The property is ideally located close to Cleethorpes town centre where you will find the shopping areas of Sea View Street and St Peters Avenue.
The Seafront has many attractions, including restaurants/bistros, wine bars and Cleethorpes golf course.
Bedroom 1 (4.50m x 4.31m) Bedroom 2 (3.99m x 3.79m) Lounge (3.88m x 3.60m) Kitchen / Diner (4.50m x 3.71m) Bathroom (2.57m x 3.60m) Lounge / Diner (4.75m x 3.60m) Kitchen (3.69m x 2.80m) Bedroom 1 (4.30m x 3.84m) Bedroom 2 (4.10m x 3.84m) Bedroom 3 (3.10m x 1.68m) Bathroom (2.11m x 1.77m) Location The property is ideally located close to Cleethorpes town centre where you will find the shopping areas of Sea View Street and St Peters Avenue.
The Seafront has many attractions, including restaurants/bistros, wine bars and Cleethorpes golf course.
Broadband Type Standard- 13 Mbps (download speed), 1 Mbps (upload speed), Ultrafast - 1800 Mbps (download speed), 220 Mbps (upload speed). Agents Note These particulars are provided for guidance only.
Lovelle Estate Agency, their clients and any joint agents give notice that they have no authority to give or make any representation or warranties in respect of the property, nor to comment on the services, tenure or rights of way.
These particulars do not form part of any contract and must not be relied upon as statements or representations of fact.
All measurements and areas are approximate, and the particulars, including photographs and plans, are intended as a guide only and are not necessarily comprehensive; some images may have been enhanced to improve presentation.
An internal viewing is strongly recommended to fully appreciate the property.
In accordance with Anti-Money Laundering Regulations, we are required to verify the identity of all parties involved in a transaction, and once an offer has been agreed, appropriate id checks will be carried out, with a fee of £25 including VAT per person payable for this service.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
About 16 Grimsby Road, Cleethorpes
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