1-bedroom flat · DN31 1PT
Listing removedListed 232 days
Opportunity summary
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About
NO CHAIN ! REDUCED BY £10,000 - IDEAL INVESTMENT, FIRST TIME BUY OR RETIREMENT PROPERTY.
Stylish Third-Floor Living in a Historic Mill – Ideal for Downsizers, First-Time Buyers & Investors Located on the third floor of a characterful converted flour mill, this well-presented apartment offers a stylish and low-maintenance living space ideal for downsizers, first-time buyers, or investors.
The building benefits from lift access to all floors and communal parking to the rear, ensuring convenience and accessibility.
Inside, the layout is thoughtfully arranged to maximise space and comfort.
The living room provides a welcoming area to relax, while the modern kitchen is fitted with a range of base and wall units, offering practical storage and workspace.
The bedroom includes fitted wardrobes, adding to the apartment’s efficient design, and the contemporary shower room is finished to a high standard.
The property is fully electric, making it a clean and energy-conscious choice. Situated in DN31, the apartment enjoys a central location in Grimsby’s West Marsh area.
Residents benefit from excellent transport links, with Grimsby Town and Grimsby Docks stations nearby, as well as easy access to local shops, cafes, and amenities.
The area has a strong sense of community and offers an affordable lifestyle, making it particularly appealing for independent living.
This apartment is ideal as a “lock up and go” home, a manageable downsize, or a first step onto the property ladder.
It also presents a compelling investment opportunity, with an estimated annual rental income of approximately £6,600, subject to compliance with current legislation.
HALLWAY LIVING ROOM 11' 1" x 9' 6" (3.38m x 2.9m) KITCHEN 10' 8" x 7' 0" (3.25m x 2.13m) BEDROOM 14' 3" x 7' 6" (4.34m x 2.29m) SHOWER ROOM 7' 6" x 5' 11" (2.29m x 1.8m) 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
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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
FAQ
About Victoria Court, Victoria Street, Grimsby, DN31
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