3-bedroom house · DN35 8BN
For saleReduced £2k (−2.2%) on 26 SepListed 133 days
Opportunity summary
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About
Offered for sale with a tenant in situ, this three-bedroom mid-terrace property on College Street, Cleethorpes presents an excellent investment opportunity with immediate rental income.
The property is currently let at £500 per calendar month and has been occupied by the same tenant for approximately three years, providing a reliable rental history for prospective landlords.
The accommodation is well laid out and briefly comprises an entrance hall leading to a comfortable lounge, ideal for everyday living and relaxation.
A separate dining room offers ample space for family meals and entertaining, while the fitted kitchen provides a practical range of units and work surfaces.
Completing the ground floor is a wet room, adding convenience and functionality to the home.
To the first floor are three well-proportioned bedrooms, offering versatile accommodation suitable for families, couples or professional tenants.
The generous room sizes and practical layout contribute to the property's continued rental appeal. Externally, the property benefits from gardens to both the front and rear.
The front garden creates an attractive approach to the home, while the rear garden provides a private outdoor space that can be enjoyed throughout the year.
Conveniently located within easy reach of Cleethorpes town centre, local amenities, schools, transport links and the seafront, the property is situated in an area that remains popular with tenants and homeowners alike.
An ideal addition to any investment portfolio, this property offers the advantage of an established tenancy, immediate income from completion and excellent long-term potential in a sought-after residential location.
Entrance Hall Entering into the property reveals a radiator and carpeted floor.
Lounge (10' 8'' x 9' 9'' (3.24m x 2.96m)) The lounge has a bay window to the front elevation, coving to the ceiling, a radiator and carpeted floor.
Dining Room (11' 4'' x 13' 1'' (3.45m x 3.98m)) The dining room has a window to the rear elevation, coving to the ceiling, a radiator and carpeted floor.
There is also access to the under stairs cupboard. Kitchen (10' 8'' x 7' 3'' (3.26m x 2.21m)) The kitchen has a window and door to the side elevation, a radiator and vinyl flooring.
There is also a range of fitted units with a sink and drainer, plumbing for a washing machine and a door to the bathroom.
Wet Room (7' 7'' x 7' 3'' (2.31m x 2.20m)) With an opaque window to the rear elevation, tiled walls, and a WC, basin and mains shower. First Floor Landing With a carpeted floor.
Bedroom One (10' 7'' x 13' 0'' (3.23m x 3.97m)) Bedroom one has a window to the front elevation, a radiator and a carpeted floor.
Bedroom Two (11' 5'' x 10' 2'' (3.49m x 3.09m)) Bedroom two has a window to the rear elevation, a radiator and a carpeted floor.
Bedroom Three (10' 7'' x 7' 7'' (3.22m x 2.30m)) Bedroom three has a window to the rear elevation, a radiator and a carpeted floor. Outside There are gardens to front and rear.
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 23, College Street, Cleethorpes
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