2-bedroom flat · DN32 7QU
For saleListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented leasehold flat offers an excellent opportunity for investors seeking a ready-made investment with immediate rental income.
The property is currently let to the Local Authority on a five year Tenancy and is currently achieving £525 PCM, providing an established tenancy arrangement and making it an attractive, hassle-free addition to any portfolio.
The accommodation is well laid out and benefits from a practical and comfortable living arrangement throughout.
The sitting room provides a bright and welcoming reception space, complete with uPVC double glazed window and radiator, creating a pleasant environment for relaxing or entertaining.
The kitchen is fitted with a range of modern white gloss wall and base units, offering ample storage and workspace.
It includes a gas hob, sink and drainer with mixer taps, and space for a cooker, oven, and additional appliances. A uPVC door provides access to the rear, enhancing convenience and ventilation.
There are two well-proportioned bedrooms. The principal bedroom offers generous space and natural light through uPVC double glazed windows, along with a radiator for year-round comfort.
The second bedroom is versatile and can easily serve as a guest room, children’s bedroom, or home office.
The bathroom is fitted with a low flush W/C, wash hand basin with mixer tap, and a bath with shower over.
Additional features include a heated towel rail, extractor fan, part aqua-boarded wall coverings, laminate flooring, and a uPVC double glazed window, creating a clean and practical space.
A double split-level lobby with radiator connects the accommodation and adds to the functional layout of the property.
With uPVC double glazing throughout and gas heating via radiators, the flat offers comfort and efficiency.
As a leasehold property currently let to the Local Authority, this presents a straightforward, income-generating investment opportunity with a tenant arrangement already in place.
Early viewing is recommended to fully appreciate the potential this investment property offers. EPC Rating: C Landing Double split level lobby with radiator.
Bedroom 1 3.81m x 4.24m With a uPVC double glazed window and radiator. Living Room 1.91m x 3.18m With a uPVC double glazed window and radiator.
Bathroom 1.5m x 2.67m With a uPVC double glazed window. Low flush w.c., sink/mixer tap, bath shower and extractor fan. Heated towel rail.
Part aqua boarding wall and laminate flooring. Kitchen With a range of wall and base units in white gloss incorporating sink/drainer with mixer taps and space for washing machine and oven.
uPVC double glazed window and door. Tenure We understand that the property is held Leasehold for a term of 99 years from 1982.
Tenancy The property is currently let to North East Lincolnshire Council on a 5-year tenancy agreement, achieving £525 per calendar month.
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 16th February 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 Park Street, Grimsby, DN32
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