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See how verdicts work3-bedroom flat · DN35 7HB
Listing removedListed 236 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jackson, Green and Preston are delighted to offer to the market this mixed-use building, located in the heart of Cleethorpes.
The property is within short distance to Cleethorpes seafront and town centre and is situated on the well-established Grimsby Road, which is a main arterial road linking Grimsby and Cleethorpes and the A180/M180.
As such, the property enjoys a high degree of passing traffic. The premises briefly comprises a main retail/ office area approximately 25 sqm/ 269 sqft, a storage room, kitchenette and w.c.
There are also two flats included, both of which are currently tenanted, the ground-floor flat is receiving £495 PCM and the first-floor flat £600 PCM.
The commercial element is currently vacant but would be suitable for a number of different uses.
This is a fantastic opportunity for a potential investor that is looking to receive an income from day one.
Commercial Main Retail Area 5.25m x 4.61m Benefitting from a timber double glazed window and door, radiator and fireplace. Office 4.64m x 3.21m Radiator.
Storage Room 4.55m x 1.88m Including radiator and ideal as a potential office or storage. Kitchenette 1.38m x 1.23m With a uPVC double glazed door and shelving. W.C.
3.26m x 1.86m Including a w.c. and separate sink basin. Business Rates The rateable value as of 1st April 2023 is £1,450.
This an online enquiry and all interested parties are advised to make their own enquiries.
Ground Floor Flat Living Room/Kitchen 4.11m x 3.48m Including a uPVC double glazed window and door. Wall and base units, radiator and electric fire.
Bedroom 3.75m x 3.48m Benefitting from uPVC double glazed window and laminate flooring.
Shower Room 2.08m x 1.85m Tiled flooring, electric shower, low flush w.c., handbasin with vanity and uPVC double glazed frosted window. Conservatory 3.48m x 1.94m Tiled flooring.
First Floor Flat Living Room 5.26m x 4.82m Two uPVC double glazed windows, electric fire with decorative fireplace.
Kitchen 4.2m x 3.48m Benefitting from wall and base units, lino flooring, radiator and uPVC double glazed window.
Bedroom 1 2.72m x 2.5m Including built in wardrobes and uPVC double glazed windows. Bedroom 2 4.62m x 2.85m uPVC double glazed window and radiator.
Bathroom 4.5m x 2.5m Including lino flooring, sink with mixer tap, w.c and bathtub with overhead shower.
Broadband & Mobile Phone Coverage Please use the following link to check the mobile phone and broadband coverage for this property.
Council Tax Band A (Each Flat) This information was obtained on the 4th March 2024 and is for guidance purposes only.
Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation.
Additionally, there may be circumstances when the Council Tax can be altered on change of ownership. All interested parties are advised to make their own enquiries.
See Property Management Are you a Landlord tired of dealing with your tenants?….Jackson, Green and Preston can provide a comprehensive management service and will be delighted to discuss your management needs.
Please do not hesitate to contact our Property Management Department on Grimsby 311116 or by e-mail ( ) for some informal advice.
Further information is also available on our website at Property To Sell Do you have a property to sell? For professional valuation advice, contact our Grimsby Office ).
One of our experienced valuers will be happy to provide a free marketing appraisal of your property.
Surveys Should you decide to buy a property not available for sale through our Agency, Jackson Green and Preston offer a range of independent valuations and surveys all carried out by fully qualified Chartered Surveyors.
To discuss your survey needs, please contact our Survey Department on .
Sources Of Useful Information Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.
Mortgage Advice We are pleased to be able to introduce Toni Cressey Mortgage Advisers who we recommend for Independent Mortgage Advice for any of our clients looking to purchase their first home, new home or investment property.
They have a team of advisers that are able to help and advise you on the most suitable mortgages available for you taking into account your own particular needs and circumstances.
They will help and guide you through the whole mortgage and home buying process, ensuring best advice is given at all times.
Buying a new home is one of the most important financial decisions you will make so it is vital that you get the help and advice you need at the earliest opportunity.
No fee is charged for this independent mortgage advice, which is provided under no obligation. There may however be a fee payable should you proceed with a mortgage application.
The actual amount you pay will depend upon your own circumstances and requirements and typically our application fee will (truncated)
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

FAQ
About Grimsby Road, Cleethorpes, Lincolnshire, DN35
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