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See how verdicts work7 × 1-bed flat · DN31 2AW
For saleListed 1 dayAuction 11 Nov · in 16 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Vacant Semi Detached Building Arranged to Provide Three Flats. Offered With Planning Permission to Convert the Property into 7 x One Bedroom Flats
The property comprises a semi detached building arranged to provide three flats over ground and two upper floors.
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Capes Recreation Ground are within easy reach.
Transport links are provided by Grimsby Town rail station.
Accommodation
Ground Floor
Flat - Not Inspected
First Floor
Flat - Not Inspected
Second Floor
Flat - Not Inspected
Planning
North East Lincolnshire Borough Council granted the following planning permission (ref: DM/1037/25/FUL) on 8th June 2026 : 'Demolition of rear porch and part demolition of existing ground floor rear apartment, erect single storey side/rear extension to include rooflights, conversion of roofspace and existing three apartments to form seven apartments to include installation of side and rear dormers at second floor, creation of bin storage area with various internal and external alterations (Flood Risk Assessment received 18th May 2026)'.
The vendor has advised that the gross rental value for the completed seven-apartment scheme of £42,000 per annum.
The property also benefits from Conditional Full Plans Approval under Building Control. Ref BC/0444/26/FP.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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
FAQ
About 19 Dudley Street, Grimsby, North East Lincolnshire, DN31 2AW
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