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See how verdicts workHouse · DN35 7HE
SoldListed 261 daysAuction 9 Dec · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction starting on Tuesday 9th December 2025, bidding will be on the Auction Agent website. A superb opportunity to purchase a mid-terraced, commercial premises.
The ground floor is currently tenanted by William Hill paying £10,000 per annum.
The upper floor comprised a vacant two-bedroom apartment which offers excellent rental potential and could achieve approximately £475 pcm based on similar local properties.
This is ideal for a buy-to-let-investment. Guide Price £50,000 – £75,000.
The property is located on a prominent main road location in Cleethorpes with good transport links nearby and well located for local amenities with a good selection of shops, pubs, restaurants and schools nearby.
Buyers are advised to check the legal pack before bidding for details of the lot and fees, this will be available on the Auction Agent website once received.
Buyers are also advised to check the website for any updates to the lot before the auction.
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
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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 249, Grimsby Road, Cleethorpes
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