2-bedroom flat · DN32 7RW
For saleListed 210 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
(WE ARE OFFERING PART ONLY OF THE PROPERTY SHOWN IN THE PHOTOGRAPH) An excellent opportunity to acquire a smartly presented two-bedroom ground floor flat being sold subject to an existing tenancy, producing an attractive income for investors.
The property is currently let at £400 per calendar month and is being marketed at an asking price of £32,950, representing a gross yield in the region of approximately 14.5%, making this an appealing addition to any investment portfolio.
Internally, the accommodation is well presented throughout and benefits from modern finishes.
The property comprises a living room, two bedrooms, a modern fitted kitchen and a stylish white bathroom suite.
The kitchen is fitted with a contemporary range of units providing ample storage and workspace, while the bathroom is finished with a clean white suite and modern fittings.
The property has been smartly decorated throughout and offers ready-made investment income from day one. Further benefits include UPVC double glazing and a gas central heating system.
Grafton Street is conveniently located within easy reach of Grimsby town centre and local amenities, making the property an attractive option for tenants.
Early interest is expected from buy-to-let investors seeking a high-yielding investment. EPC Rating: D Living Room 3.25m x 3.89m With radiator and uPVC double glazed window unit.
Inner Hallway With radiator. Bedroom 1 2.36m x 3.94m With radiator and uPVC double glazed window unit.
Bedroom 2 1.7m x 3.02m With radiator and uPVC double glazed window unit.
Bathroom Tiled walls with an attractive three piece suite comprising panelled bath, pedestal basin and low flush w.c. Radiator and uPVC double glazed window unit.
Kitchen 2.69m x 4.22m Complimented with a good range of modern wall and base units incorporating a sink unit with drainer and mixer tap and having plumbing for a washing machine and gas fired central heating combination boiler.
Radiator. uPVC double glazed window unit and uPVC double glazed entrance door. Garden The property has a garden to the rear.
Tenancy The property is currently let at a passing rent of £400 per calendar month and is being sold with the tenant in situ.
Tenure Leasehold - for a term of 99 years from 24th September 2004. All interested parties are advised to make their own enquiries.
Selective Licensing This property has been identified as being within a Selective Licensing area.
Whilst every endeavour has been made to ensure this information is correct, landlords are advised to contact North East Lincolnshire Council to confirm the position and to ensure compliance with any applicable regulations.
Broadband & Mobile Phone Coverage Please use the following link to check the mobile phone and broadband coverage for this property.
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 10/3/2026 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 Property Management Are you a Landlord tired of dealing with your tenants?….Jackson, Green and Preston can provide a comprehensive management service and will be delighted to discuss your management needs.
Please do not hesitate to contact our Property Management Department on Grimsby 311116 or by e-mail ( ) for some informal advice.
Further information is also available on our website at Property To Sell Do you have a property to sell? For professional valuation advice, contact our Grimsby Office ).
One of our experienced valuers will be happy to provide a free marketing appraisal of your property.
Surveys Should you decide to buy a property not available for sale through our Agency, Jackson Green and Preston offer a range of independent valuations and surveys all carried out by fully qualified Chartered Surveyors.
To discuss your survey needs, please contact our Survey Department on .
Sources Of Useful Information Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.
Mortgage Advice Mortgage Advice Bureau works with Jackson, Green & Preston Estate Agents to provide expert mortgage and protection advice.
With access to over 12,000 mortgages from more than 90 lenders, they can help find a suitable mortgage, explain your options, recommend appropriate protection and manage the application process.
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The amount payable will depend on your circumstances.
The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.
Mortgage Advice Bureau is a trading name of Brook Financial Services Limited, an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited, which are authorised and regulated by the Financial Conduct Authority.
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
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FAQ
About Grafton Street, Grimsby, DN32
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