1-bedroom bungalow · DN36 4ZA
For saleReduced £15k (−13.5%) on 30 SepListed 524 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
60% Shared Ownership!
Pygott & Crone are delighted to offer to the market this one Bedroom Mid-Terrace Bungalow situated within the highly regarded over 55's Carrington Gardens development located on the highly sought after Humberston Avenue which is being sold No Onward Chain!
The Living accommodation comprises: Entrance Hallway, Kitchen, Shower Room, Lounge and Bedroom.
There is a courtyard patio to the rear and the property benefits from full uPVC double glazing and gas central heating.
The property is found in a cul de sac position off Hawthorne Road and there are an abundance of parking bays adjacent to the property on a first come first serve basis.
The Carrington Gardens development is specifically designed for Independent Retirement living for the over 55's and includes access to ”Carrington Lodge” which is for exclusive communal use for any residents on site and provides a host of functions and lifestyle benefits.
-Lease granted on 29/03/2019 for a term of 125 years. -The new owner will be liable to pay a rent to Amplius for the remaining 40% in our ownership.
The current amount is £183.46 plus building insurance of £3.23. -A monthly service charge of £177.76 is also payable.
-Rent and service charge payments are collected by monthly direct debit and are reviewed annually each April in line with the terms of the Lease.
Entrance Hall Kitchen 3.51m x 3.07m - 11'6” x 10'1” Lounge 4.52m x 3.07m - 14'10” x 10'1” Bedroom 1 4.11m x 2.87m - 13'6” x 9'5” Shower Room 2.24m x 1.68m - 7'4” x 5'6”
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 15, Hawthorne Road, Grimsby
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