2-bedroom flat · DN36 4LJ
Listing removedListed 483 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
These two apartments, currently listed for sale, presents a unique investment opportunity.
The property boasts two bedrooms, two bathrooms, two kitchens, and two reception rooms, providing ample space for comfort and convenience.
With tenants already established in the property, it is a ready-made investment. The tenant upstairs is paying £368 and has resided there since June 2020.
Meanwhile, the tenant downstairs is paying £360 and has been in residence since September 2014. This continuity of tenancy provides a reassuring income stream for potential investors.
The property is situated in a prime location, benefiting from close proximity to a range of amenities and excellent transport links, enabling effortless commuting and access to a wide variety of services.
Off-street parking further enhances the attractiveness of this property, offering convenience to both occupants and visitors alike.
The house falls under Council Tax Band A, providing a further financial benefit to the potential investor.
Whilst the interior of the property does not currently feature unique characteristics, the existing structure and layout offer endless possibilities for future customisation and personalisation, depending on the new owner's tastes and requirements.
In summary, this two-bedroom, two-bathroom detached house, complete with dual kitchens and reception rooms, offers a remarkable investment opportunity.
With a strong rental history and a prime location, it's perfectly poised to deliver a return on investment.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
GRI200015/8 Location Peaks Avenue is an extremely convenient position for amenities with a bank of shops and public houses being only a short 10 minute walk away in the heart of the village.
There is also a large Tesco Superstore that is only a short 5 minute drive.
Schooling is incredibly well served with KS1 and KS2 served by New Waltham Academy and Emfield Junior School, both of which are also a short 10 minute walk.
KS3 and KS4 are also well catered for with Tollbar Enterprise College, currently rated Outstanding by Ofsted, only a short 5 minute drive away.
Those looking to travel / commute to work will benefit from convenient motorway links, being only being a short drive away from from the A16, Making it both convenient for Grimsby Town centre and access to the historic market town of Louth.
Main Accommodation Ground Floor Flat Hallway Living Room (3.89m x 3.84m (12' 9" x 12' 7")) Kitchen (2.24m x 3.43m (7' 4" x 11' 3")) Bedroom (3.4m x 4.01m (11' 2" x 13' 2")) Bathroom (2.84m x 2.26m (9' 4" x 7' 5")) First Floor Flat Living Room (4m x 5.5m (13' 1" x 18' 1")) Kitchen (3.68m x 2.26m (12' 1" x 7' 5")) Bedroom (4.01m x 2.97m (13' 2" x 9' 9")) Bathroom (2.24m x 1.83m (7' 4" x 6' 0")) Gardens
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.
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FAQ
About 1 & 1a,, Peaks Avenue, Grimsby
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