3-bedroom house · DN31 1RT
For saleListed 30 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This attractive bay-fronted mid-terrace house offers three bedrooms and a superbly convenient location close to Grimsby town centre, making it an ideal purchase for owner-occupiers and investors alike.
The property has been fully redecorated and re-carpeted, creating a fresh and inviting feel throughout.
On the ground floor is a welcoming entrance hall, a pleasant front lounge with bay window, a separate sitting/dining room and a practical kitchen/diner.
A particular highlight is the brand-new fitted bathroom – beautifully finished with a stylish modern suite, offering a touch of luxury rarely found in homes of this type.
To the first floor are three comfortable bedrooms. The house benefits from uPVC double glazing (with a number of new units) and a gas central heating system.
With an anticipated rental income of around £650 per calendar month (£7,800 per annum), the property would generate a gross yield of approximately 9.2% at the asking price – making it an excellent investment proposition as well as a comfortable home.
The location is also noteworthy, being within easy walking distance of the town centre, transport links and local employers.
Grimsby town centre itself is currently undergoing an exciting phase of regeneration, with major investment focused around Freshney Place including the creation of a new cinema, modern market hall and food hall – improvements which are set to enhance the appeal of this central location further.
EPC Rating: D Entrance Hall With uPVC double glazed entrance door. Coving. Radiator and useful under stairs storage cupboard. Living Room Dimensions: 3.5m plus bay x 3.01m.
With radiator and uPVC double glazed bay window. Sitting Room Dimensions: 4.04m x 3.78m. With coving, dado rail, radiator and uPVC double glazed window unit.
Stairs to first floor accommodation. Kitchen-Diner Dimensions: 4m x 2.24m.
Partially tiled and fitted with a range of practical wall and base units incorporating sink unit with drainer and mixer tap and having gas point for cooker. Radiator.
uPVC double glazed window unit and uPVC double glazed entrance door.
Bathroom A brand new modern bathroom with stylish white suite comprising panelled bath with mixer tap and shower attachment with glazed shower screen, low-flush w.c. and a hand basin.
Heated towel rail and extractor. Panelled walls. uPVC double glazed window unit. Bedroom 1 Dimensions: 4.04m x 3.46m. With dado rail. Radiator and uPVC double glazed window unit.
Disclaimer Disclaimer Every attempt has been made to ensure accuracy, however these property particulars are approximate and for illustrative purposes only.
They have been prepared in good faith and they are not intended to constitute part of an offer of contract.
We have not carried out a structural survey and the services, appliances and specific fittings have not been tested.
All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of any fixture or fittings.
Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked prior to agreeing a sale.
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 advisors 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
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FAQ
About Cartergate, Grimsby, DN31
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