5-bedroom house · DN35 7RQ
Listing removedListed 277 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Farrow Estate Agents are delighted to offer to the market this substantial Five Bedroom HMO property which is situated just off the popular Grimsby Road in Cleethorpes.
Being sold with four tenants in situ and ideally placed for a wide range of amenities, regular bus services and walking distance to Cleethorpes Sea Front.
It's offered to the market as a Chain Free sale and comes fully licenced, making it the ideal purchase for any investor seeking to enter into the HMO market or add to their portfolio.
Internally, the property briefly comprises of an entrance hallway with stairs leading to the first floor, neutrally decorated reception room with quirky furniture, two downstairs bedrooms, an attractive modern kitchen with array of units and ample space for appliances, as well as a well equipped downstairs shower room.
To the first floor there is a generous landing area which serves three extra secured double bedrooms and a second bathroom suite with shower cubicle.
Externally, the property boasts gardens to the front and rear. The rear garden is enclosed to all sides and it provides the perfect space for soaking up the summer sun and entertaining.
The property also comes with gas central heating system and double glazed windows throughout.
Entrance Hallway Bedroom 1 (3.81m x 3.40m (12'6 x 11'2)) Bedroom 2 (4.34m x 2.59m (14'3 x 8'6)) Reception Room (4.72m x 2.84m (15'6 x 9'4)) Kitchen (4.06m x 2.95m (13'4 x 9'8)) Shower Room 1 (1.78m x 1.45m (5'10 x 4'9)) First Floor Landing Bedroom 3 (4.45m x 3.84m (14'7 x 12'7)) Bedroom 4 (4.37m x 2.62m (14'4 x 8'7)) Bedroom 5 (2.87m x 2.84m (9'5 x 9'4)) Front & Rear Gardens
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
FAQ
About 2, Hart Street, Cleethorpes
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