1-bedroom flat · DN35 7LB
Listing removedListed 168 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available from July 2026 Crofts Estate Agents are delighted to bring to the rental market this stunning development at Farringford House.
The building has been lovingly restored into loft style apartments and have been finished to great standard. Apartment 9 is on the first floor and is one bedroom accommodation.
As you enter the main building via the communal entrance and staircase, you will walk down the corridor and find this apartment.
Internally it comprises of an entrance hall, bathroom with modern three piece suite, bedroom and a kitchen lounge.
Some features of the apartment are the tall anthracite windows, L.E.D spotlights, fitted kitchen, modern bathroom suite and high ceilings creating a New York style apartment.
Photos are from the previous advertisement so may look slightly different. Please note any issues will be dealt with once the current tenant vacates.
Source of heating The property is heated by electric panel/storage heaters. Gas/electricity supply The property has mains electric connection, and no gas supply.
Water supply The property has mains water supply/waste supply. Broadband availability Ultrafast Fibre up to 10000mbps. Actual service availability at a property or speeds received may be different.
Mobile coverage Good outdoor, variable in home. Various factors can affect coverage. This means there may be differences between the coverage prediction and your experience.
Parking No allocated parking with this apartment Rights of way/easements All residents have access to communal areas of the development.
Flood risk The property is located in a high risk area, however the landlord has not informed us of any previous flooding.
Accesbility Please note this development does have a lift, but does not go to the highest floor so any access to this is via stairs.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Flat 9 Farringford House 421, Grimsby Road, Cleethorpes
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