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See how verdicts work2-bedroom house · DN31 2BG
For saleReduced £2.5k (−2.8%) on 29 SepListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** photos taken before tenant moved in ** Offered for sale with a long-standing tenant in situ, this mid-terrace property presents an excellent investment opportunity for landlords seeking an immediate rental income.
The current tenant has occupied the property for over six years, pays £545 per calendar month, and has expressed a desire to remain at the property, providing continuity and stability for the new owner.
The accommodation is well-proportioned throughout and briefly comprises an entrance into a comfortable lounge, leading through to a separate dining room, creating a versatile living space ideal for modern day living.
To the rear of the property is a fitted kitchen with a range of units and space for essential appliances.
To the first floor are two generously sized double bedrooms and a family bathroom fitted with a three-piece suite.
Externally, the property benefits from low-maintenance gardens to both the front and rear, providing attractive outdoor space without the burden of extensive upkeep.
Situated on Bowers Avenue in Grimsby, the property is conveniently located for local amenities, schools, transport links and Grimsby town centre, making it an attractive option for tenants and owner-occupiers alike.
An ideal addition to any buy-to-let portfolio, this property offers an established rental income from day one and the benefit of a reliable, long-term tenant already in place.
Early viewing is recommended to fully appreciate the investment potential on offer. Entrance Hall Entering the property reveals a radiator and wooden flooring.
Lounge (9' 5'' x 10' 3'' (2.88m x 3.13m)) The lounge has a bay window to the front elevation, a radiator and a carpeted floor.
Dining Room (13' 8'' x 9' 11'' (4.17m x 3.01m)) The dining room has a window to the rear elevation, a radiator and vinyl flooring.
Kitchen (12' 3'' x 7' 10'' (3.73m x 2.40m)) The kitchen has a window and door to the side elevation and a range of fitted units with a one and a half sink and drainer, electric oven and gas hob and a cupboard which has the boiler inside and plumbing for a washing machine.
First Floor Landing The first floor landing has a carpeted floor. Bedroom One (9' 5'' x 13' 9'' (2.88m x 4.20m)) Bedroom one has two windows to the front elevation, a radiator and a carpeted floor.
Bedroom Two (10' 1'' x 6' 11'' (3.07m x 2.11m)) Bedroom two has a window to the rear elevation, a radiator and a carpeted floor.
Bathroom (7' 0'' x 5' 9'' (2.13m x 1.75m)) The bathroom has an opaque window to the rear elevation, a radiator and vinyl flooring. There is also a WC, basin and a bath with a mains shower over.
Outside There are small low maintenance gardens to the front and rear, .
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
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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 15, Bowers Avenue, Grimsby
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