Modern Method of Auction
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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 work3-bedroom terraced house · DN32 9HY
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no forward chain, this three-bedroom mid-terrace home presents an excellent opportunity for families looking to create their ideal home or investors seeking a value-add project in a popular and well-connected Grimsby location.
Inside This traditional terrace offers almost 1,000 sq ft of accommodation arranged over two floors.
The ground floor comprises a bay-fronted lounge leading through to a separate sitting room, creating flexible living and entertaining space.
To the rear, a fitted kitchen provides a range of wall and base units with access to the bathroom beyond.
The first floor features three bedrooms, including a generous principal bedroom to the front, a well-proportioned second bedroom and a third bedroom ideal for a child, home office or dressing room.
While the property would benefit from a programme of updating and improvement, it offers excellent scope for buyers to add their own style and increase value.
The property may also appeal to investors, with an estimated rental income of approximately £8,100 per annum following refurbishment and compliance with current lettings legislation.
Outside To the front is a low-maintenance enclosed garden with gated access.
To the rear, the property benefits from an enclosed courtyard-style yard, providing a practical outdoor space requiring minimal upkeep.
Location Conveniently situated on Convamore Road, the property is well placed for a range of local amenities including shops, supermarkets, schools and regular public transport links.
Grimsby Town Centre is within easy reach, along with road connections to Cleethorpes, Humberston and the wider North East Lincolnshire area, making this a popular location for first-time buyers, families and investors alike.
Disclaimer: The quoted rental figure is an estimate only and has been provided for guidance purposes.
Prospective purchasers should make their own enquiries regarding achievable rental values, licensing requirements, compliance obligations and all relevant legislation before proceeding.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to complete within 56 days (the “Reservation Period”).
Interested parties’ personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £349 (including VAT) for this pack, which must be viewed before bidding.
The buyer is required to sign a Reservation Agreement and make payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This fee is paid in addition to the purchase price and is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer, for which they may receive payment from the service provider if taken. Payment varies but will be no more than £450.00.
These services are optional.
TO VIEW OR MAKE A BID Contact DDM Residential LOUNGE 11' 3" x 9' 6" (3.43m x 2.9m) SITTING ROOM 14' 2" x 12' 11" (4.32m x 3.94m) KITCHEN 14' 8" x 7' 5" (4.47m x 2.26m) BATHROOM 7' 5" x 6' 2" (2.26m x 1.88m) BEDROOM 14' 7" x 11' 3" (4.45m x 3.43m) BEDROOM 11' 2" x 8' 11" (3.4m x 2.72m) BEDROOM 14' 6" x 7' 5" (4.42m x 2.26m) Agents Note to Buyers Prospective purchasers are advised that, in addition to the purchase price, further costs may be incurred when buying a property.
These can include, but are not limited to, Stamp Duty Land Tax (SDLT), legal and conveyancing fees, survey costs, and mortgage arrangement fees.
Buyers should ensure they seek appropriate financial advice and budget accordingly.
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 Convamore Road, Grimsby, N E Lincolnshire, DN32
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