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 terraced house · DN31 3BP
For saleListed 93 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Fully Licensed 5 Bedroom HMO available now through Meteor Homes, This property is situated on Cleethorpe Road which is one of Grimsby`s Town`s most primary routes.
Offering an excellent investment opportunity, this property is currently occupied in 4 of the 5 Rooms, providing an immediate income with scope to increase returns by letting the remaining room.
The property has the potential to generate up to approximately £3,000 per calendar month when fully occupied, making it an attractive addition to any investor`s portfolio.
This HMO provides 5 individual rooms with shared bathroom facilities. The Ground Floor has an entrance hall, two double bedrooms, a shared lounge, shared kitchen and bathroom.
First floor features 3 double bedrooms, a store room and a bathroom. The property also has the benefit of uPVC Double Glazing throughout, gas central heating, and a CCTV security system.
Externally, the property benefits from a rear parking area with space for approximately 2 to 3 vehicles, a valuable feature that is rarely available with HMO accommodation in this location.
Conveniently positioned close to Grimsby Town Centre, local amenities, transport links and employment opportunities, this property is well placed to attract long-term tenant demand.
The current owner is seeking to sell with tenants in situ, making this an ideal opportunity for investors looking to acquire an established HMO.
Notice Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items.
All measurements are approximate and photographs provided for guidance only.
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 Cleethorpe Road, Grimsby
Explore nearby