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See how verdicts work2-bedroom flat · DN35 7HE
Listing removedReduced £6k (−2.3%) on 21 JunListed 286 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This extensive and ideally placed mixed use end-of-terrace property is a truly immense offering for those that are seeking either a potential investment or a working premises that offers the opportunity to live-in.
The combination of extensive ground floor unit and well-appointed two bedroom apartment offers space in absolute abundance and the highly sought after Cleethorpes location is an excellent prospect for those wanting to establish a business in proximity to a wide variety of popular amenities including the sea front itself.
The ground floor comprises a series of open and welcoming spaces such as the large main salon to the front and a spacious rear room currently utilised as a clinic.
The addition of a kitchen and W/C also adds to the huge sense of utility and convenience.
The versatility of this building instantly begins to present itself with the potential of separating access to the flat and even splitting the ground floor into two separate units.
The first floor continues to impress as ascending the stairs reveals a homely and beautifully realised two bedroom apartment.
The expansive living kitchen offers an amazing room and home hub that includes large, stylish fitted kitchen with central island and extensive lounge/dining space that is both welcoming and tastefully decorated.
A three piece fitted family bathroom is also accompanied by two sizable bedrooms, the largest of which benefits from a walk in wardrobe that could easily be adapted into an ensuite depending on requirement.
A fitted storage cupboard also offers an extra advantage.
The entire property benefits from gas central heating powered via a modern combi-boiler and double glazing throughout - including the commercial portions of the building.
Externally, the property boats a private and walled, attractive courtyard garden an ideal place to unwind, while a private off road parking space can be found on the far side.
The is a property of vast proportions and possibilities that offers a huge amount of flexibility and potential.
This agent would highly recommend internal viewings or further enquiries to appreciate all that this incredible property has to offer.
Salon (8.91m x 5.74m (29' 3" x 18' 10")) Hall W/C Kitchen Clinic (8.2m x 3.75m (26' 11" x 12' 4")) Living Kitchen (8.9m x 5.74m (29' 2" x 18' 10")) Landing Bathroom Bedroom 2 (3.31m x 2.71m (10' 10" x 8' 11")) Bedroom 1 (4.97m x 3.25m (16' 4" x 10' 8"))
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
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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 FFF, 243, Grimsby Road, N E Lincs
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