1-bedroom flat · DN32 9NP
Listing removedListed 97 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*LET ONLY* Smartly presented first floor flat situated in this popular residential area close to local shops and amenities.
The spacious accommodation is accessed via Patrick Street at the rear and comprises a large living room, one bedroom, bathroom and kitchen with the use of communal gardens.
Benefitting from uPVC double glazing and electric storage heaters. Potential long term let.
NB This property will not be managed by our agency, it is let on a "Let Only" basis, therefore all correspondence throughout the tenancy will be direct with the landlord who is a member of the Custodial Tenancy Deposit Scheme.
Payment of £103.85 (1 weeks rent) will be required to reserve the property.
When references have passed and the Tenancy agreement is signed, the deposit of £510 will be payable along with the balance of the first months rent (£346.15).
Council tax band A (This information was obtained on 15th July 2026 and is for guidance purposes only, all interested parties are advised to make their own enquiries).
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About Heneage Road, Grimsby, Lincolnshire, DN32
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