We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work5-bedroom house · DN32 9LR
Listing removedListed 227 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern Method of Auction - T & Cs Apply A fantastic opportunity to acquire this spacious five-bedroom 3 storey semi-detached home, formed from the conversion of two flats and offering generous accommodation throughout.
Located in a popular residential area of Grimsby, the property is conveniently positioned close to well-regarded local schools, shops and everyday amenities.
The ground floor benefits from a superb open-plan kitchen and living space - ideal for modern family living and entertaining.
The flexible layout provides ample bedroom accommodation across two floors, making it perfectly suited to growing families.
While the property does require some finishing off, it presents an excellent opportunity for buyers to add their own style and value.
Once completed, this substantial home will make a wonderful long-term family residence. Early viewing is highly recommended to appreciate the size and potential on offer.
We have been advised by the current vendor of works that have been completed, which are: • Dropped kerb under planning permission to allow front garden driveway.
• First floor Timber Frame extension under planning permission to create a new bedroom. • All chimney breasts removed up to attic level to create bigger room space.
• Full roof replacement, tied in with extension. • Chimney Breasts repointed and capped.
• All new double glazing with sash horn style windows fitted to restore some original looking features - minus the front door.
• First floor front bedroom window brickwork, on the front of the house, repointed and tied. • New steel lintels across middle room on the ground floor.
• Full new central heating system, brand new combi boiler with valve setup to split heating across the different floors - unsure how complete this is, it was designed to be run from hive or other smart home system.
• Full rewire, including supply to allow the fitting of electric car charging point on the front of the property - There is a smoke alarm system built in, but unsure how complete the system is.
• Both bathrooms have been fully refitted, with the first floor one remaining incomplete - unsure of connections in the attic (2nd floor) bathroom condition.
• Full new kitchen, 2 x oven, dishwasher, hob, extractor unit, sink, instant boil system somewhere in the house to go under the sink, worktops - mostly complete.
• Most of the ceilings are double fireboarded for planning purposes, and heavily insulated for personal soundproofing desire.
• Several walls, doorways etc have been moved, and/or repositioned to maximise the space available. • New banisters but need some additional touch up works.
• All first and second floor floorboards replaced with moisture resistant T&G chipboard flooring - glued and screwed into place.
• Fully replastered and most areas have an initial spray coating of white paint.
• Some areas have skirting and door frames/architrave fitted, all doors should be in the property along with remaining woodwork items.
• Additional ground floor Cloakroom toilet built in - high cistern toilet, sink, tap and towel rail should all be in the property to be fitted.
Buying Conditions This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the ”Reservation Period”).
Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.A Buyer Information Pack is provided.
The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price.
This is considered within calculations for Stamp Duty Land may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Paym Entrance Hall Lounge 1 4.64m x 4.23m - 15'3” x 13'11” Lounge 2 3.93m x 3.16m - 12'11” x 10'4” Kitchen/Dining Room 6.94m x 4.97m - 22'9” x 16'4” First Floor Landing Bedroom 1 4.33m x 4.11m - 14'2” x 13'6” Bedroom 2 4.2m x 3.94m - 13'9” x 12'11” Bedroom 5 3.5m x 3.2m - 11'6” x 10'6” Bathroom 3.19m x 2.07m - 10'6” x 6'9” Second Floor Landing Bedroom 3 4.13m x 3.34m - 13'7” x 10'11” En-Suite 3.04m x 2.91m - 9'12” x 9'7” Bedroom 4 4.09m x 3.94m - 13'5” x 12'11”
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 167, Welholme Road, Grimsby
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