Modern Method of Auction
Auction date not yet published
2-bedroom bungalow · DN36 4ZA
Sold STCListed 519 days
Opportunity summary
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About
Modern Method Of Auction - T & c's Apply - Offered for sale with No Forward Chain!
Pygott & Crone are excited to market this superb semi-detached bungalow situated within the highly regarded over 55's Carrington Gardens development located on the highly sought after Humberston Avenue.
The Living accommodation comprises: Entrance Hallway, Lounge, Two Double Bedrooms, modern Fitted Kitchen and large Shower Room.
There is a courtyard patio to the rear for al fresco dining and the property benefits from full uPVC double glazing and gas central heating.
The property is found on the corner plot of Hawthorne Road and there are parking bays on a first come first serve basis.
The Carrington Gardens development is specifically designed for Independent Retirement living for the over 55's and includes access to ”Carrington Lodge” which is for exclusive communal use for any residents on site and provides a host of functions and lifestyle benefits.
We are advised that the property tenure is Freehold and the property is subject to a monthly service charge of £177.76 which includes ground maintenance of communal areas and window cleaning of the property.
For further information please contact the Grimsby Office.
Buying Conditions This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the ”Reservation Period”).
Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.A Buyer Information Pack is provided.
The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price.
This is considered within calculations for Stamp Duty Land may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Paym Entrance Hall Kitchen 4.22m x 3.58m - 13'10” x 11'9” Lounge 4.24m x 3.61m - 13'11” x 11'10” Bedroom 1 3.76m x 3.07m - 12'4” x 10'1” Bedroom 2 3.07m x 2.41m - 10'1” x 7'11” Shower Room 1.93m x 1.68m - 6'4” x 5'6”
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 1, Hawthorne Road, Grimsby
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