2-bedroom flat · DN32 0RY
Listing removedListed 281 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
(WE ARE OFFERING PART ONLY OF THE PROPERTY SHOWN IN THE PHOTOGRAPH) Available to the market with 'No Chain' this is a practically positioned 2-bedroom 2nd floor apartment, located close to Grimsby Town Centre and local amenities.
The accommodation comprises of an entrance hallway, living/kitchen, 2 bedrooms and the bathroom.
Externally the property has the benefit of an allocated parking space along with access to all the communal gardens included in the development.
The development is secured via electric gates and an intercom/passkey communal door, both of which are maintained in line with the service charge. An excellent opportunity, not to be missed.
Ground Floor Communal Hallway The property is entered via a secured communal hallway with a pass key and intercom system.
The property is located on the second floor and there are stairs leading to the second floor accommodation.
Second Floor Entrance Hallway Entered via a timber front door and complete with a radiator and large storage cupboard containing the hot water tank.
Living Room 3.35m x 6.17m With a timber single glazed rear window, electric heater and opening out from the kitchen.
Kitchen 2.55m x 2.94m With a range of wall and base units incorporating a cooker with a four-ring electric hob and extractor, basin with a mixer tap and space and plumbing for all other white goods.
Complete with partial tiling and opening out into the living room. Bedroom 1 3.92m x 3.96m With a timber single glazed rear window and electric heater.
Bedroom 2 4.77m x 1.79m With a timber single glazed rear window, electric heater and double doors leading into the living room.
Bathroom A three piece suite comprising of a bath with a shower head attachment, w.c. and a pedestal basin. Complete with partial tiling.
Communal Areas The property benefits from an allocated parking space which is secured in communal gardens secured via electric gates which have a key pad and fob entrance system.
Service Charge We understand there is a service charge payable of £1,066 per annum which includes buildings insurance. All interested parties are advised to make their own enquiries.
Tenure Leasehold - the property is held on a 99 year lease from 1st March 1993 with a ground rent of £50 per annum.
The property will benefit from a 90 year lease extension upon completion with the ground rent reduced to a peppercorn (nil).
Broadband & Mobile Phone Coverage Please use the following link to check the mobile phone and broadband coverage for this property.
Services We have not tested or inspected any heating systems, fixtures, appliances or services, purchasers should rely on their own survey.
Council Tax Band B This information was obtained on the 10th April 2025 and is for guidance purposes only.
Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation.
Additionally, there may be circumstances when the Council Tax can be altered on change of ownership. All interested parties are advised to make their own enquiries.
See Property Management Are you a Landlord tired of dealing with your tenants?….Jackson, Green and Preston can provide a comprehensive management service and will be delighted to discuss your management needs.
Please do not hesitate to contact our Property Management Department on Grimsby 311116 or by e-mail ( ) for some informal advice.
Further information is also available on our website at Property To Sell Do you have a property to sell? For professional valuation advice, contact our Grimsby Office ).
One of our experienced valuers will be happy to provide a free marketing appraisal of your property.
Surveys Should you decide to buy a property not available for sale through our Agency, Jackson Green and Preston offer a range of independent valuations and surveys all carried out by fully qualified Chartered Surveyors.
To discuss your survey needs, please contact our Survey Department on .
Sources Of Useful Information Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.
Mortgage Advice Mortgage Advice Bureau works with Jackson, Green & Preston Estate Agents to provide their clients with expert mortgage and protection advice.
We have access to over 12,000 mortgages from 90+ lenders so we can find the right mortgage to suit your individual needs.
The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our customers have access to the latest deals available and receive a first-class service.
We will take care of everything from explaining all of your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family and handling the whole application process.
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. Mortgage Advice Bureau (truncated)
Value & comps
No previous sales on record.
Returns
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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 Wellowgate Mews, GRIMSBY, Lincolnshire, DN32
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