3-bedroom terraced house · DN35 7RB
Sold STCListed 133 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Notice Of Offer - Property Address: 55 Ward Street, Cleethorpes, DN35 7RB. We advise that an offer has been made for the above property in the sum of £64,000.
Any persons wishing to increase on this offer should notify the agents of their best offer prior to exchange of contracts.
A traditional three bedroom terrace property presenting a fantastic opportunity for those looking for an investment project, whether you're a first time investor or adding to a portfolio.
After renovations, the property has the potential to achieve a rental income of £650pcm.
The property is located in the sough after town of Cleethorpes with easy access to both Cleethorpes and Grimsby town centres hosting a variety of local amenities.
To the ground floor are two spacious reception rooms, a fitted kitchen and family bathroom. On the first floor are three bedrooms.
The property also benefits from low maintenance gardens, gas central heating and full uPVC. EPC rating: D.
Tenure: Freehold, Reception Room 1 3.35m x 3.98m (11'0" x 13'1") Reception Room 2 3.94m x 3.97m (12'11" x 13'0") Kitchen 3.64m x 2.47m (11'11" x 8'1") Bathroom 2.27m x 2.53m (7'5" x 8'4") Bedroom 1 4m x 5.14m (13'1" x 16'10") Bedroom 2 2.43m x 2.2m (8'0" x 7'3") Bedroom 3 3.63m x 2.48m (11'11" x 8'2") Disclaimer We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All measurements have been taken as a guide to prospective buyers only and are not precise.
If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.
Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.
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 55, Ward Street, Cleethorpes, DN35
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