3-bedroom terraced house · DN35 7JG
For saleListed 140 days
Opportunity summary
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About
Investment Opportunity – Tenant in Situ Situated just off Grimsby Road, this mid-link house presents an excellent opportunity for investors looking to acquire a property with a sitting tenant currently paying £575 per calendar month.
The property is offered in reasonably good condition throughout and retains a traditional layout, briefly comprising an entrance hallway with staircase leading to the first floor, and a spacious 28-foot through lounge/diner featuring a central fireplace and attractive front bay window.
The kitchen is complemented by a rear lobby area, walk-in pantry, and convenient downstairs WC.
To the first floor are three well-proportioned bedrooms together with a bathroom fitted with a coloured suite.
Although the property would benefit from a slight degree of cosmetic updating, it nonetheless represents a solid investment opportunity with further potential to enhance also this would make a good first time purchase .
Externally, the property enjoys a pleasant rear garden laid with artificial turf and benefiting from a useful garden shed.
EPC Rating: D Entrance Hallway 1.65m x 4.06m Entrance hallway with staircase leading to the first floor Kitchen 1.93m x 3.07m Has a range of base and wall units Pantry 1.02m x 2.39m Bedroom One 3.35m x 3.96m Bedroom Two 3.35m x 3.76m Bedroom Three 1.68m x 2.82m Bathroom 1.52m x 2.13m Garden Front paved garden Garden Rear garden with artificial turf, along with a shed
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 Suggitts Lane, Cleethorpes, DN35
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