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See how verdicts work2-bedroom flat · DN31 2EU
For saleListed 410 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Introducing this charming 2-bedroom leasehold apartment located in the heart of Grimsby.
Situated in the well-maintained Thorgam Court, this property offers a modern kitchen, a spacious living room, and a dining area perfect for entertaining guests.
The apartment boasts off-street parking, making it convenient for residents with vehicles.
With a lease of 46 years remaining, this property is currently rented at £475 per month to lovely and tidy tenants, making it an attractive option for landlord investors.
The council tax band A ensures affordable living expenses for residents.
Thorgam Court is conveniently located near local amenities and transport links, providing easy access to everything Grimsby has to offer.
With a ground rent of £12.50 per 6 months and a service charge of £529 per 6 months, this property offers a great investment opportunity.
Don't miss out on the chance to view this fantastic 2-bedroom apartment. Contact us today to arrange a viewing and see for yourself the potential this property holds.
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
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FAQ
About Flat 1, 2, Thorgam Court, Grimsby
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