2-bedroom semi-detached house · DN35 7LX
For saleReduced £5k (−3.7%) on 1 JulListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Now Available to market is this incredibly converted semi-detached home that now serves as two independent apartments and active buy-to-let investments.
Both dwellings have enjoyed extensive refurbishment over the recent years and have been transformed into modern, bright and stylish flats that are situated in a brilliantly central location, close to the iconic Grimsby 5 ways roundabout.
This places a range of amenities in direct proximity but also provides excellent access to both Grimsby town centre and Cleethorpes sea front where required with several shops and businesses in easy walking distance.
Both apartments are current subject to ongoing tenancies with the single bedroom ground floor flat achieving £450 pcm and the first floor single bedroom apartment achieving £500 pcm owing to having been a more recent let.
Existing on a single title, this property represents an excellent investment for those who desire a steady income as well as peace of mind given the full extent of the comprehensive works.
Fully compliant and benefitting from modern gas central heating, PVC double glazing, new kitchens, bathrooms and a full cosmetic overhaul, both apartments offer huge future potential but also the security provided by such an excellent and popular location.
This agent would strongly recommend further enquiries for those interested in such an opportunity as buy to let investors.
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
Agent & docs
FAQ
About 165, Park Street, N E Lincs
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