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See how verdicts work4 × 1-bed flat · DN37 0LJ
For saleListed 31 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ready-made residential investment comprising four one-bedroom flats on High Street, Waltham , all with long-term tenants in situ .
The property offers an established rental income stream across four units, providing an opportunity for investors seeking an existing residential investment rather than vacant accommodation requiring letting.
The property also benefits from two allocated parking spaces .
Waltham is an established village approximately four miles south of Grimsby, with local shops, services and amenities, while Grimsby and Cleethorpes provide wider retail, employment and leisure facilities.
The location also offers access to the wider road network. Flat 1 A similar size and design to Flat 3 and 4. Flat 2 A similar size and design to Flat 3 and 4.
Flat 3 - Hallway Providing access to the accommodation. Flat 3 - Living Room 4.17m x 3.52m With a uPVC double glazed front window, radiator and decorative ceiling coving.
Flat 3 - Kitchen 1.91m x 2.36m With a range of wall and base units incorporating a cooker with a 4 ring electric hob, basin with a mixer tap and partial tiling.
Flat 3 - Bedroom 2.38m x 3.52m With a uPVC double glazed window and a radiator. Flat 3 - Bathroom Comprising of a walk-in shower, W.C and pedestal hand wash basin.
Complete with partial tiling/aqua boarding. Flat 4 - Living Room 3.83m x 4.26m With a uPVC double glazed window, radiator, decorative ceiling coving and a timber mantle piece.
Flat 4 - Kitchen 1.92m x 2.36m With a range of wall and base units incorporating a cooker with a 4 ring electric hob and extractor, basin with a mixer tap and partial tiling.
Flat 4 - Bedroom 2.29m x 4.26m With a uPVC double glazed window and a radiator.
Flat 4 - Bathroom A 3-piece suite comprising of a bath with a shower, W.C and a vanity basin with a mixer tap. Complete with partial tiling and a uPVC double glazed frosted window.
Broadband & Mobile Phone Coverage Please use the following link to check the mobile phone and broadband coverage for this property.
Services We have not tested or inspected any heating systems, fixtures, appliances or services, purchasers should rely on their own survey.
Council Tax A for each Flat This information was obtained on the 20th September 2026 and is for guidance purposes only.
Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation.
Additionally, there may be circumstances when the Council Tax can be altered on change of ownership. All interested parties are advised to make their own enquiries.
See Info For Buyers The flats have the benefit of electric storage heaters and the property may be in a conservation area. Interested parties are advised to make their own enquires.
Garden The property benefits from front and rear gardens with the rear being fully paved for easy maintenance.
There are 2 allocated parking spaces included and maintained inside the Penny Mews development.
Disclaimer Disclaimer Every attempt has been made to ensure accuracy, however these property particulars are approximate and for illustrative purposes only.
They have been prepared in good faith and they are not intended to constitute part of an offer of contract.
We have not carried out a structural survey and the services, appliances and specific fittings have not been tested.
All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of any fixture or fittings.
Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked prior to agreeing a sale.
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

FAQ
About High Street, Waltham, DN37
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