2-bedroom flat · DN35 9JW
For saleReduced £5k (−6.3%) on 21 AugListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with No Forward Chain! A fantastic opportunity to acquire this spacious two-bedroom first-floor flat, ideally located in the popular seaside town of Cleethorpes.
Perfect for investors, first-time buyers, or those looking to downsize.
Internal accommodation briefly comprises: Stairs to the first floor, Kitchen/Diner with balcony access overlooking a private rear garden, Bathroom, 2 Bedrooms and Lounge.
Outside, the property benefits from off-road parking and its own private rear garden - a rare feature for a flat - providing valuable outdoor space to enjoy.
While some updating is required, the property is ready for a new owner to put their own stamp on it, making it an exciting prospect with plenty of scope to add value.
Early viewing is recommended to appreciate the potential on offer. Agents note- The property is leasehold and has 125 years from 25th July 2005. There is an annual payment of.
£324.44 for 2026-2027 to include ground rent and buildings insurance.
Entrance Hall First Floor Landing Kitchen Diner 3.6m x 3.34m - 11'10” x 10'11” Lounge 4.84m x 3.58m - 15'11” x 11'9” Bedroom 1 3.72m x 3.3m - 12'2” x 10'10” Bedroom 2 4.3m x 2.38m - 14'1” x 7'10” Bathroom 2.51m x 1.62m - 8'3” x 5'4” Balcony 5.09m x 1.64m - 16'8” x 5'5”
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
Agent & docs
FAQ
About 31, Davenport Drive, Cleethorpes
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