We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · DN32 0NE
For saleReduced £2k (−2%) on 25 JulListed 316 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Now available to market is this ideal investment purchase or first time buy that comes complete with long term sitting tenant and a current rental return of £695 pcm.
A robust and spacious home, this property is ideally located in central Grimsby which is always an excellent area for rental demand given the availability of spacious homes so close to such a wide range of amenities.
The size and scope of this property, coupled with the potential for further improvement in places could make it a great family home for a first time purchase or a worthy consideration for those just seeking extra space for a growing family.
This fully compliant rental investment features two reception rooms, including an open plan lounge/diner and three spacious bedrooms as well as a fitted family bathroom and modern kitchen.
For those seeking a ready set and lucrative investment that already has a proven track record then this cannot fail to appeal, especially given the tenant's desire to stay long term.
At full asking price the purchase represents a an 8.35% yield, offering a competitive and going rate with a huge amount of future potential.
This agent would recommend further enquiries for more information.
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.
Area
Agent & docs
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FAQ
About 83, Legsby Avenue, N E Lincs
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