2-bedroom flat · DN34 5AD
For saleListed 220 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lovelle offer to market a two-bedroom first-floor flat on Bargate offering an excellent opportunity for buyers seeking a property ready to move in but with potential to update and add value.
Accessed via a communal entrance serving just two flats, this first-floor home comprises a spacious lounge with bay window, a kitchen with wall and base units, sink, space for an oven and plumbing for a washer, and a bathroom with a shower over the bath, sink and WC.
There are two bedrooms, each benefiting from built-in wardrobes. The flat is uPVC double glazed and gas central heated for efficiency and comfort.
Externally, there are pleasant communal gardens to be enjoyed and allocated parking, adding convenience.
The property is offered with no chain and will appeal to first-time buyers, investors, professionals and retirees.
The flat is well positioned in Grimsby town centre, with its range of shops, supermarkets and local amenities. Nearby parks provide green space for walking and recreation.
Regular bus services operate along main routes into and around Grimsby, while Grimsby Town railway station offers services to destinations including Manchester and Newark, with onward connections to London; journey times to regional hubs such as Doncaster are typically around an hour by train.
The area is also convenient for local schools and healthcare facilities, and there is good road access towards the A180 for commuters.
EPC Rating: C Location The flat is well positioned in Grimsby town centre, with its range of shops, supermarkets and local amenities. Nearby parks provide green space for walking and recreation.
Regular bus services operate along main routes into and around Grimsby, while Grimsby Town railway station offers services to destinations including Manchester and Newark, with onward connections to London; journey times to regional hubs such as Doncaster are typically around an hour by train.
The area is also convenient for local schools and healthcare facilities, and there is good road access towards the A180 for commuters.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 7, 55 Bargate, Grimsby
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