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See how verdicts work2-bedroom flat · DN33 3LS
For saleListed 606 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on the very popular Springfield Park over 55s retirement park is this rarely available First Floor Apartment.
This beautifully presented apartment is being offered for sale with No Forward Chain and has the benefit of being warden controlled which is ready to be moved into.
The internal accommodation briefly comprises: Entrance Hallway, Stairs to the First Floor, Lounge, Kitchen, Shower Room and two good sized Bedrooms.
We are advised that the tenure of this property is Leasehold for a period of 99 years from January 1991, there is a monthly charge of approximately £94 per month and the current annual ground rent is £74.88.
This two Bedroom Apartment is a rare opportunity and is not one to be missed, so early viewings are essential to fully appreciate what is on offer.
Stairs Up To Entrance Hall Lounge 5.05m x 4.27m - 16'7” x 14'0” Kitchen 3.76m x 2.16m - 12'4” x 7'1” Bedroom 1 4.17m x 2.95m - 13'8” x 9'8” Bedroom 2 3.35m x 2.46m - 10'12” x 8'1” Shower Room 2.64m x 2.31m - 8'8” x 7'7”
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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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 12, Briar Lane, Grimsby
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