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 · DN31 2LE
Listing removedListed 207 days
Opportunity summary
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About
Modern Method of Auction - T & Cs Apply - Outstanding Investment Opportunity Prime Central Location An exceptional opportunity to acquire a beautifully maintained multi-unit property, ideally positioned within walking distance of Grimsby town centre and its full range of amenities, transport links, and local attractions.
This attractive character building offers three self-contained dwellings, all presented to an immaculate standard throughout, making it a turnkey investment with immediate rental appeal.
The accommodation comprises: A spacious and well-laid-out 2-bedroom maisonette, offering generous living space across two levels A bright and modern 2-bedroom first floor flat, finished to a high specification A well-proportioned ground floor flat, ideal for convenient single-level living Each unit has been thoughtfully designed and maintained, blending modern interiors with the charm and character of the original property.
Features include well-appointed kitchens, contemporary bathrooms, and light-filled living areas, creating comfortable and desirable homes for tenants.
Externally, the property benefits from valuable off-road parking, a significant advantage in such a central location.
With its prime position, excellent condition, and strong tenant demand in the area, this property represents an ideal investment opportunity, perfectly suited for both seasoned investors and those looking to expand their portfolio with a high-quality, income-generating asset.
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 Ground Floor Flat Lounge 5.15m x 4.4m - 16'11” x 14'5” Kitchen 3.81m x 2.11m - 12'6” x 6'11” Bedroom 4.22m x 2.62m - 13'10” x 8'7” Shower Room 4.22m x 2.61m - 13'10” x 8'7” Stairs Up To First Floor Flat First Floor Kitchen 5.76m x 1.79m - 18'11” x 5'10” First Floor Lounge 5.22m x 4.38m - 17'2” x 14'4” First Floor Bedroom 1 4.24m x 2.93m - 13'11” x 9'7” First Floor Bedroom 2 3.88m x 2.09m - 12'9” x 6'10” First Floor Bathroom 4.24m x 1.55m - 13'11” x 5'1” Masionette Masionette Entrance Hall Masionette Lounge 4.3m x 3.82m - 14'1” x 12'6” Masionette Kitchen 3.82m x 2.04m - 12'6” x 6'8” Dining Room 3.82m x 3.06m - 12'6” x 10'0” First Floor Landing Masionette Bedroom 2 3.37m x 2.8m - 11'1” x 9'2” Masionette Bathroom 3.85m x 1.84m - 12'8” x 6'0” Second Floor Landing Masionette Bedroom 1 6.47m x 3.26m - 21'3” x 10'8”
Value & comps
No previous sales on record.
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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
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FAQ
About 12, Queens Parade, Grimsby
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