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See how verdicts work2-bedroom flat · DN34 5HS
Listing removedListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious two-bedroom flat set within a well-established residential development, offering an excellent opportunity for investors or those looking to downsize.
The property benefits from gas central heating and double glazing throughout.
While well-proportioned, it would now benefit from a programme of modernisation and cosmetic refurbishment, providing purchasers with the opportunity to add their own style and value.
The accommodation comprises a secure communal entrance with intercom entry system, welcoming reception hallway, bright lounge, fitted kitchen, separate utility area, bathroom, and two well-sized bedrooms.
Externally, the property further benefits from two allocated parking spaces.
Please note that due to the shorter lease, some lenders may not lend on this property and therefore prospective buyers should make their own enquires.
Communal Entrance With intercom entry system providing access to the stairwell to all apartments. Hallway Providing access to all rooms.
Lounge (16' 9'' x 11' 0'' (5.11m x 3.35m)) Offering two double glazed windows to the front elevation. Central heating radiator.
Utility Room (6' 9'' x 6' 11'' (2.06m x 2.12m)) UPVC double glazed window to the rear elevation. Plumbing for a washing machine. Central heating radiator.
Kitchen (7' 7'' x 7' 8'' (2.31m x 2.33m)) The kitchen has a uPVC double glazed window and offers a range of wall and base units with contrasting work surfacing with inset sink and drainer.
Integrated four ring gas hob. Logic gas boiler. Central heating radiator. Bathroom (7' 6'' x 7' 3'' (2.28m x 2.21m)) UPVC double glazed window to the rear elevation.
Fitted with a bath with shower over and w.c and wash basin set into a storage unit. Tiled splashback. Radiator.
Bedroom One (11' 0'' x 12' 8'' (3.36m x 3.85m)) Double glazed window to the front elevation. Central heating radiator.
Bedroom Two (10' 11'' x 11' 0'' (3.33m x 3.35m)) Double glazed window to the rear. Central heating radiator. Outside There is allocated parking for two cars.
Communal clothes drying area and yard to the 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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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.
Area
Agent & docs
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FAQ
About 13, Waddington Place, Grimsby
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