2-bedroom flat · DN32 9AG
For saleListed 251 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This modern two Bedroom apartment is located in Grimsby, positioned on the second floor and in a convenient and well regarded residential position, which is convenient for local shops and a bus route.
The property is well presented throughout and currently tenanted.
This property can be purchased as an investment with tenants in situ, or alternately the vendor can serve a Section 21 once we have found a buyer and be sold vacant possession.
The current tenants are paying £600 pcm.
Internal viewings are highly recommended and internal accommodation briefly comprises; Entrance Hallway, Bathroom, open plan Lounge/Kitchen/Dining area and two spacious Bedrooms.
The lounge has a Juliet style balcony through uPVC French doors with Bedroom two also enjoying a Juliet style balcony.
The Bathroom has a white, modern three piece suite with shower over bath and tiled walls. Externally, there is an Allocated Parking space to the front.
Agent's Note- This apartment is leasehold with 108 years left on the lease. The annual ground rent is £335 and the annual service charge is £1,380.
Agent's Note - The vendor advises that the loft is boarded.
Entrance Hall Lounge/Kitchen/Dining Room 5.84m x 3.89m - 19'2" x 12'9" Bedroom 1 3.4m x 3.4m - 11'2" x 11'2" Bedroom 2 3.91m x 1.91m - 12'10" x 6'3" Bedroom 2 3.91m x 1.91m - 12'10" x 6'3" Bathroom 2.51m x 1.91m - 8'3" x 6'3"
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 Danes Close, Grimsby, North East Lincs, DN32
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