Modern Method of Auction
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See how verdicts work3-bedroom terraced house · DN35 7NP
For saleListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale: A three-bedroom terraced house in Cleethorpes, offering a practical layout and lowmaintenance outside space, suitable as a family home, first purchase or rental investment.
The ground floor provides a good-sized reception room with defined living and dining areas, neutral décor and a feature fireplace, creating a comfortable main living space.
The modern kitchen has been refitted with contemporary units, tiled splashbacks and practical flooring, with a rear door opening to the garden.
Upstairs are three well-proportioned bedrooms, each able to accommodate bedroom furniture comfortably.
The modern shower room is finished in light contemporary tiling with a walkin shower enclosure, WC and wash basin.
Outside, the front garden has been levelled and paved for ease of upkeep, while the enclosed rear garden is also paved, with high fencing providing privacy and a secure setting for sitting out or entertaining.
The property benefits from gas central heating, UPVC windows, an upgraded front window and a newer Anglian front door with security locks. It is considered in good condition throughout.
For investors, the house offers an anticipated rental income of £675 per calendar month, giving an approximate 13% gross yield.
Sussex Street is well placed for Cleethorpes seafront, promenade and beach, along with the cafés, bars and shops of St Peter’s Avenue and the High Street.
Nearby schooling includes primary and secondary options within a short drive.
Cleethorpes railway station provides services to Grimsby, Barton-on-Humber and onward connections to Manchester and Sheffield, with trains to Grimsby typically taking around 10 minutes.
Regular bus routes run along neighbouring roads, giving further access across the town and into Grimsby.
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.
GRI260485/8 For Sale Via Modern Auction This property is for sale by the Modern Method of Auction.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor.
This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee.
This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would (truncated) Location Sussex Street is situated within an established residential area of Cleethorpes, offering convenient access to a range of local amenities, shops, schools and public transport links.
New Clee railway station is within easy reach, while Cleethorpes town centre, seafront and promenade are all readily accessible, providing a variety of shops, cafés, restaurants and leisure facilities.
The property is also well positioned for access to Grimsby and surrounding areas via nearby road and transport links, making this a convenient location for a range of buyers and investor Main Accommodation Entrance Porch Entrance Hall Living Room (3.56m x 2.97m (11' 8" x 9' 9")) Dining Room (3.89m x 2.34m (12' 9" x 7' 8")) Kitchen (3.23m x 2.41m (10' 7" x 7' 11")) Shower Room (2.41m x 1.83m (7' 11" x 6' 0")) First Floor Landing Bedroom 1 (4m x 3.56m (13' 1" x 11' 8")) Bedroom 2 (4.04m x 2.34m (13' 3" x 7' 8")) Bedroom 3 (4.24m x 2.46m (13' 11" x 8' 1")) Garden
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
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 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.
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FAQ
About 14, Sussex Street, Lincolnshire
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