3-bedroom terraced house · DN37 9DY
For saleListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This three bedroom terrace on Mersey Way, Grimsby is offered as a ready-made investment, currently generating an annual income of £6,576.
Set within a practical residential setting, the property provides reliable rental appeal and a straightforward opportunity for both new landlords and experienced investors looking to expand their portfolio with a steady, occupied asset.
Inside The ground floor layout offers a functional flow, beginning with the hallway and leading into a comfortable lounge ideal for everyday living.
To the rear, the kitchen/diner provides a sociable space with room for personalisation or future upgrades, depending on a landlord’s long-term plans. A ground-floor WC adds convenience for tenants.
Upstairs, three bedrooms sit off the landing, each offering practical proportions suited to families, couples or sharers.
The bathroom completes the first floor, and built-in storage areas across both levels enhance usability for occupants.
Outside The property features neat front and rear gardens, giving tenants outdoor space for seating, planting or low-maintenance enjoyment.
The frontage is open, while the rear garden is enclosed and practical. The house also benefits from a dedicated front entrance and a straightforward layout that supports long-term rental stability.
Location Mersey Way sits within a well-connected part of Grimsby, close to local shops, schools, bus routes and commuter links.
The area remains popular with a wide range of tenants, supporting ongoing demand and making this a strong choice for landlords seeking a dependable, income-producing property.
LOUNGE 14' 9" x 11' 3" (4.5m x 3.43m) KITCHEN/DINER 17' 8" x 10' 4" (5.38m x 3.15m) BEDROOM 12' 4" x 12' 0" (3.76m x 3.66m) BEDROOM 12' 9" x 9' 10" (3.89m x 3m) BATHROOM 6' 1" x 5' 8" (1.85m x 1.73m) BEDROOM 9' 9" x 7' 9" (2.97m x 2.36m) Agents Note to Buyers Prospective purchasers are advised that, in addition to the purchase price, further costs may be incurred when buying a property.
These can include, but are not limited to, Stamp Duty Land Tax (SDLT), legal and conveyancing fees, survey costs, and mortgage arrangement fees.
Buyers should ensure they seek appropriate financial advice and budget accordingly.
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 Mersey Way, Grimsby, N.E.Lincolnshire, DN37
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