3-bedroom terraced house · DN31 2RW
Sold STCListed 46 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This chain-free three bedroom terrace on Gilbey Road offers functional living throughout and a clear canvas for buyers to make their own.
It also presents an appealing investment opportunity, with an estimated annual rental income of £7,500, subject to compliance.
Inside The ground floor provides two well-proportioned reception rooms, each offering flexible space for everyday living or future modernisation.
The kitchen is practical and leads through to the ground-floor bathroom. Upstairs, three comfortable bedrooms sit off the landing, all with scope for personalisation and improvement.
The layout suits a range of buyers, from first-time purchasers to investors seeking a straightforward rental.
Outside The property features a traditional terrace frontage and a private rear garden offering potential for low-maintenance landscaping or enhancement.
The outdoor areas provide useful space for seating, storage or future upgrades depending on the buyer’s plans.
Location Gilbey Road sits within a well-connected part of Grimsby, close to local shops, bus routes, schools and commuter links.
The area remains popular with a wide variety of buyers and tenants, supporting both long-term homeownership and rental investment potential.
The vendors have opted to provide a legal pack for the sale of their property which includes a set of searches.
The legal pack provides upfront the essential documentation that tends to cause or create delays in the transactional process.
The legal pack includes: Evidence of title Standard searches (regulated local authority, water & drainage & environmental) Protocol forms and answers to standard conveyancing enquiries The legal pack is available to view in the branch prior to agreeing to purchase the property.
The vendor requests that the buyer purchases the searches provided in the pack which will be billed at £360 (inc. VAT) upon completion.
LOUNGE 11' 3" x 10' 4" (3.43m x 3.15m) SITTING ROOM 13' 9" x 12' 2" (4.2m x 3.7m) KITCHEN 15' 1" x 8' 10" (4.6m x 2.7m) BATHROOM 8' 10" x 5' 7" (2.7m x 1.7m) BEDROOM 13' 9" x 11' 3" (4.2m x 3.43m) BEDROOM 12' 2" x 10' 11" (3.7m x 3.33m) BEDROOM 11' 8" x 8' 10" (3.56m x 2.7m) Agents Note to Buyers Prospective purchasers are advised that, in addition to the purchase price, further costs may be incurred when buying a property.
These can include, but are not limited to, Stamp Duty Land Tax (SDLT), legal and conveyancing fees, survey costs, and mortgage arrangement fees.
Buyers should ensure they seek appropriate financial advice and budget accordingly.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
Agent & docs
FAQ
About Gilbey Road, Grimsby, DN31
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