Modern Method of Auction
Auction date not yet published
2-bedroom house · DN35 8RE
For saleListed 526 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to offer a rare opportunity to purchase two self contained one bedroomed flats which have been converted from an end terraced house.
Situated in this sought-after residential area, close to the town centre and within easy reach of Cleethorpes seafront and beach, this should make an ideal investment opportunity.
Each property has uPVC double glazing and a gas central heating system.
Well planned, the ground floor flat offers living room, inner hall, attractive fitted kitchen (hob, oven, hood), one double bedroom and the bathroom (bath, basin, w.c.) whilst the first floor flat has a separate entrance hall on the ground floor with landing, living room, attractive fitted kitchen-diner (hob, oven, hood), one double bedroom and the bathroom (bath, basin, w.c.) on the first floor.
There is a rear garden and a detached garage style outbuilding.
Currently let at a total of £900 per calendar month this should make an ideal investment opportunity with the purchaser obtaining rent from day one of ownership.
Council Tax Band: A Tenure: Freehold Living room 3.75m x 3.39m With uPVC front door and matching window unit. Radiator.
Kitchen 3.08m x 3.43m Partly tiled with a range of fitted wall and base units incorporating a stainless steel sink unit with drainer and mixer tap.
Built-in gas hob, electric oven and chimney style extractor hood. uPVC double glazed window and uPVC double glazed rear door.
Bedroom 1 3.42m x 4.09m With a radiator and uPVC double glazed window unit.
Bathroom Partly tiled with a panelled bath with shower over and also having a shower door fitted, pedestal hand basin and w.c. Radiator and uPVC double glazed window unit.
Living Room 2 3.79m x 4.46m With a radiator and uPVC double glazed window unit.
Kitchen-Diner 3.1m x 3.28m Partly tiled with a range of fitted wall and base units incorporating a stainless steel sink unit with drainer and mixer tap.
Built-in electric hob, electric oven and chimney style extractor hood. Ample dining space. Radiator, uPVC double glazed window and uPVC double glazed rear door.
Bedroom 2 2.9m x 4.11m With a radiator and uPVC double glazed window unit.
Bathroom 2 Extensively tiled with a panelled bath with shower over with rail and curtain fitted, pedestal hand basin and w.c. Towel rail style radiator and uPVC double glazed window unit.
Auctioneers Additional Comments Pattinson Auction are referred to below as The Auctioneer.
This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure AML procedures are carried out in accordance with the law Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 Oxford Street, Cleethorpes, Lincoln, Lincolnshire, DN35 8RE
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