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See how verdicts work1-bedroom flat · DN31 2DN
Sold STCListed 272 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a unique opportunity to purchase this delightful GROUND FLOOR APARTMENT which has the benefit of an allocated parking space.
The current owners have added charm and character to this apartment which now has a beach hut vibe with accommodation including: Kitchen/dining room, good sized lounge, double bedroom and bathroom/wc.
Gas central heating system (boiler replaced Dec 2023). Double glazing. Communal space including an allocated parking space. EARLY VIEWING RECOMMENDED.
We are only offering part of the property shown in the photograph) Draft Details - PLEASE NOTE THESE ARE DRAFT PARTICULARS AWAITING FINAL APPROVAL FROM THE VENDOR, THEREFORE THE CONTENTS HEREIN MAY BE SUBJECT TO CHANGE AND MUST NOT BE RELIED UPON AS AN ENTIRELY ACCURATE DESCRIPTION OF THE PROPERTY.
Accommodation - . Measurements - All measurements are approximate. Ground Floor Only - .
Entrance - The owners have added a small timber decked area including a timber balustrade in front of the uPVC entrance door.
Dining Kitchen - 5.33 x 2.77 (17'5" x 9'1") - This charming dining kitchen has bleached wooden effect laminate flooring and includes a double glazed window to the front elevation including distressed timber shutters to the interior and radiator.
The kitchen area is fitted with a range of hand painted base and wall units which are fitted with stained wooden work surfaces inset with a Belfast sink and a matching white ceramic drainer.
Space for washing machine and slot in cooker. The walls are finished with distressed timber boards giving the kitchen a galley ambience.
The gas fired boiler (replaced Dec 2023) is concealed within a matching wall cupboard.
Dining Kitchen - Dining Kitchen - Kitchen Area - Lounge - 5.33 x 2.79 (17'5" x 9'1") - Accessed from the dining kitchen via a reclaimed barn sliding wooden door, this excellent sized lounge has a double glazed window to the front elevation which again has distressed internal timber shutters.
To complete this cozy feel there is a mock wrought iron fire surround, wall panelling to dado height, coving to ceiling and two central heating radiators.
Lounge - Inner Hall - Bedroom - 3.66 x 2.62 (12'0" x 8'7") - Double glazed window to the front elevation again fitted with distressed internal wooden shutters, coving to ceiling and radiator.
Mock panneliing to dado height to the walls.
Bedroom - Bathroom/Wc - 2.74 x 1.63 (8'11" x 5'4") - This nautical themed bathroom is fitted with a white panelled bath including an electric shower, an unusual glass and wrought iron wash stand and a low flush wc.
The walls are finished in hand painted tongue and groove panelling plus vertical timber boarding above the bath area. Small double glazed window. Radiator. Vinyl flooring.
Bathroom/Wc - Outside - The Court Yard is accessed between 89 & 87 Cromwell Road via a timber five bar gate which leads into this small development, with No 2 using the concreted area in front of their front door and has an allocated car parking space.
Tenure - Leasehold - We are informed by the seller that the tenure of this property is Leasehold for a period of 125 years starting in 2023, they pay a monthly service charge which includes the ground rent and building insurance of £17.50 (this may increase in future years) Confirmation / verification has been requested.
Please consult us for further details.
Council Tax Band & Epc Rating - Council Tax Band - A EPC - C Viewing Arrangements - Please contact Joy Walker Estate Agents on to arrange a viewing on this property.
Opening Times - Monday - Friday 9.00 am to 5.15 pm. Saturday 9.00 am to 1.00 pm
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
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FAQ
About The Coach Yard R/o 87 Cromwell Road, Grimsby
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