We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · DN35 7RP
No longer listedReduced £23k (−19.5%) on 22 JunListed 307 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Attention investors - Crofts are absolutely delighted to be able to offer to the market this great investment opportunity comprising of a end terrace property split into commercial unit and two potential residential units with the first floor flat currently let at £480pcm.
Set within this established residential location with excellent passing trade, the property is set upon a plot with grounds and accommodation of around 210sqm.
To the rear there is a yard along with a detached garage which offers the potential for further development or the creation of further garages.
The ground floor is mid way through a programme of insulation rewiring and refurbishment. The work is on going. Viewing is highly advised on this great opportunity.
Information Please note that at the time details where taken, it was not possible to gain access to the first floor flat.
Ground Floor Commercial To the ground floor front, there is a commercial shop unit which subject to permissions could be used for a variety of uses.
Rear Ground Floor To the rear of the ground floor there is a one bedroom ground floor float which is partly through remodelling.
First Floor A well proportioned first floor flat which is currently tenanted with the present tenant showing a strong interest in remaining.
External The property benefits from a large yard to the rear which has a detached garage.
The yard offers the ability for further income with the possibility for further garaging which could produce a rental income or subject to permissions the possibility to develop the year to create/build another residential unit or possibly two units.
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 advisers 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
.png)
FAQ
About 85/85A, Brereton Avenue, Cleethorpes
Explore nearby