5-bedroom terraced house · DN31 3BP
For saleListed 87 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Meteor Homes are pleased to bring to market this Fully Licensed 5 Bedroom HMO, situated on the popular Cleethorpe Road, offering an excellent opportunity for investors seeking a high-yield rental property.
The property is currently occupied in 2 of the 5 rooms, providing significant scope to increase rental income by letting the remaining rooms.
When fully occupied, the property has the potential to generate approximately £3,000 per calendar month, making it an attractive investment with strong income potential.
The accommodation is arranged to provide 5 individual double rooms alongside shared kitchen and bathroom facilities.
The property further benefits from uPVC double glazing throughout, gas central heating, and a CCTV security system.
The ground floor features 2 double bedrooms, a shared kitchen, a shared living space and a shared bathroom. Whilst the first floor beholds 3 double bedrooms and a large shared bathroom.
Externally, there is a rear parking area providing space for approximately 2 to 3 vehicles, an increasingly desirable feature for HMO accommodation.
Subject to the necessary planning permissions and building regulations, there is also the potential to create a 6th double room through the conversion of the loft space, presenting an opportunity to further enhance the property`s rental income.
The current owner is seeking to sell with tenants in situ, making this an ideal opportunity for investors looking to acquire an established HMO.
Notice Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items.
All measurements are approximate and photographs provided for guidance only.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 Cleethorpe Road, Grimsby
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