2-bedroom terraced house · DN35 7PD
For saleListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent investment opportunity, this two-bedroom mid-terraced property on Freeston Street is being sold with long-term tenants already in situ, providing an attractive option for landlords seeking an established rental investment.
Currently let at a passing rent of £500PCM, representing a 7.1% yield at the current asking price, with potential for this to be increased to market.
The accommodation briefly comprises an entrance porch leading into the hallway, with access to the ground-floor living accommodation.
There is a living room, separate dining room and kitchen, providing practical everyday living space. To the first floor are two bedrooms and a bathroom.
Externally the property benefits from both front and south facing rear garden, offering additional outdoor space. The property is situated in close proximity to Sidney Park.
With long-term tenants in situ, EPC rating C and accommodation arranged over two floors, this property offers an opportunity to acquire an established residential investment.
Internal viewings are recommended to appreciate the accommodation and layout. EPC Rating: C Entrance Porch Entered via a uPVC double glazed frosted front door.
Entrance Hallway Complete with a radiator and stairs leading access to the first floor accommodation.
Living Room 3.45m x 3.02m With a uPVC double glazed front window, radiator and decorative ceiling coving.
Dining Room 3.88m x 3.2m With a uPVC double glazed rear window, radiator and an understairs storage cupboard.
Kitchen 2.49m x 4.18m With a range of wall and base units incorporating a basin with a mixer tap, cooker with an electric hob and extractor and space for other white goods.
Complete with partial tiling, uPVC double glazed rear window and side door providing access to the rear garden and the Baxi combination boiler.
Bedroom 1 4.26m x 3.37m With a uPVC double glazed front window, radiator and in built floor to ceiling fitted wardrobes.
Bedroom 2 2.37m x 3.82m With a uPVC double glazed rear window and a radiator. Bathroom A 3-piece suite comprising of walk in shower, W.C and a pedestal hand wash basin.
Complete with a heated towel rail, partial tiling and a uPVc double glazed frosted window.
Info For Buyers The photos used were provided by the vendor and were taken prior to the current tenancy commencing.
Services We have not tested or inspected any heating systems, fixtures, appliances or services, purchasers should rely on their own survey.
Council Tax Band A This information was obtained on the 29th 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 Broadband & Mobile Phone Coverage Please use the following link to check the mobile phone and broadband coverage for this property.
Garden The property benefits from front and rear gardens, with the front being low maintained surrounded by dwarf brick walling and the rear by timber fencing with a timber garden shed.
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 advisors 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 Freeston Street, Cleethorpes, DN35
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