1-bedroom terraced house · DN32 0JS
For saleListed 332 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on Farebrother Street in Grimsby, this mid-terrace property offers excellent potential for investors or buyers seeking a mixed-use building with scope to add value.
The property comprises a ground-floor commercial unit and a first-floor flat arranged over two levels.
Positioned within an established residential area, it offers convenient access and steady local footfall.
A private entrance leads to the first-floor flat, which requires updating but offers a well-proportioned layout with plenty of scope for improvement.
The accommodation includes a lounge, kitchen-diner, bedroom, and bathroom on the main floor.
Above, a useful loft room provides additional space that could be adapted for storage, hobbies, or a home office, depending on requirements.
With its combination of commercial potential and residential accommodation ready for refurbishment, this property represents a strong opportunity for those looking to modernise and create additional value.
Situated close to local amenities, transport links, and the town centre, it offers both practicality and promise in a popular part of Grimsby.
Next door is also on the market if anyone is looking to create large commercial unit Shop Unit (34' 4'' x 14' 2'' (10.46m x 4.33m)) The shop unit has a doo and two windows to the front elevation, electrics throughout, a walk in chiller and WC.
Making this a vast space with plenty of opportunities. Store (9' 2'' x 10' 8'' (2.79m x 3.26m)) The store has a window to the side elevation.
Kitchen (10' 6'' x 8' 10'' (3.20m x 2.69m)) The kitchen has a window and door to the side elevation and a sink and drainer. First Floor Flat Accessed off a stair case in the rear garden space.
Lounge (11' 5'' x 14' 2'' (3.47m x 4.33m)) The lounge has a window to the front elevation and a radiator.
Bedroom (12' 2'' x 8' 4'' (3.72m x 2.55m)) The bedroom has a window to the rear elevation and a radiator.
Bathroom (6' 10'' x 5' 9'' (2.08m x 1.76m)) The bathroom has an opaque window to the side elevation, a radiator, WC, basin and a bath.
Kitchen/Diner (15' 0'' x 10' 10'' (4.57m x 3.29m max)) The kitchen-diner has dual aspect windows to the rear and side elevation, a door to the rear and fitted units with a sink and drainer, plumbing for a washing machine and and an electric oven and hob.
Outside A low maintenance rear garden space which is accessed off the rear passage way.
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 98, Farebrother Street, Grimsby
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