5-bedroom house · DN32 9QS
For saleListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Farrow Estate Agents are delighted to bring this ready made 5 bedroom HMO investment opportunity to the market.
Boasting beautifully presented and generously sized living accommodation throughout, as well as benefiting from a large rear garden.
Found in this sought after location within the desirable (DN32) Algernon Street location, the property is ideally placed for a wide range of amenities, regular bus services, and within walking distance to Weelsby Woods .
It's offered to the market as a Chain Free sale and comes fully licenced, making it the ideal purchase for any investor seeking to enter into the HMO market or add to their portfolio.
Internally, the property briefly comprises of an entrance hallway with stairs leading to the first floor, neutrally decorated reception room, two downstairs bedrooms, an attractive modern kitchen with array of units and ample space for appliances.
To the first floor there is a generous landing area which serves three extra secured double bedrooms and a second bathroom suite with shower cubicle.
Externally, the property boasts gardens to the front and rear. The rear garden is enclosed to all sides and it provides the perfect space for soaking up the summer sun and entertaining.
The property also comes with gas central heating system and double glazed windows throughout.
Entrance Hallway Bedroom 1 (3.50 x 3.40 (11'5" x 11'1")) Bedroom 2 (4.00 x 2.80 (13'1" x 9'2")) Living Area (4.60 x 3.00 (15'1" x 9'10")) Kitchen (4.50 x 3.00 (14'9" x 9'10")) First Floor Landing Bedroom 3 (3.70 x 2.70 (12'1" x 8'10")) Bedroom 4 (4.00 x 2.80 (13'1" x 9'2")) Bedroom 5 (3.60 x 4.10 (11'9" x 13'5")) Rear Garden
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
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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 16, Algernon Street, Grimsby
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