5-bedroom house · DN32 0NQ
Listing removedReduced £5k (−3.2%) on 22 SepListed 142 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Crofts are delighted to bring to the market this substantial five-bedroom mid-terrace property, currently operating as a well-presented and income-generating HMO, making it an excellent investment opportunity for experienced landlords and portfolio investors alike.
Offered for sale with no forward chain , this attractive property is ideally positioned close to the town centre and benefits from strong rental appeal.
The accommodation is currently arranged to provide four let bedrooms, with scope for further optimisation and increased returns.
The property briefly comprises an inviting entrance hallway, a ground-floor shower room, a spacious open-plan living/dining kitchen, and two ground-floor bedrooms.
To the first floor are three further generously sized bedrooms, a family bathroom, and an ensuite shower room serving the rear bedroom.
The existing layout also offers flexibility, with the ensuite potentially being reconfigured to create an additional communal bathroom if required.
Externally, the property enjoys both front and rear gardens, with the rear offering a particularly valuable feature: Secure gated access leading to off-road parking for at least two vehicles, with space that could comfortably accommodate up to four cars.
Further benefits include gas central heating, uPVC double glazing throughout, and a convenient location within easy reach of local amenities, transport links, and the town centre.
A ready-made investment with excellent potential for continued rental income and future growth. Early viewing is highly recommended. Entrance Hallway Entry door to the front elevation.
Central heating radiator. Staircase to the first floor. Shower Room Fitted with shower, w.c and washbasin.
Kitchen/Diner/Living (24' 8'' x 10' 4'' (7.51m x 3.14m)) Open plan living dining kitchen having two uPVC double glazed windows to the side elevation along with entry door. Central heating radiator.
Range of wall and base units with contrasting work surfacing and breakfast bar. Stainless steel sink and drainer. Plumbing for a washing machine.
Integrated oven and four ring gas hob with chimney extractor over. Bedroom Three (12' 6'' x 11' 10'' (3.8m x 3.6m)) UPVC double glazed bay window. Central heating radiator.
Bedroom Four (13' 1'' x 9' 10'' (4m x 3m)) UPVC double glazed window to the rear elevation. Central heating radiator.
First Floor Landing Split level landing providing access to the remaining bedrooms and bathroom. Loft access. Bedroom One (10' 2'' x 8' 10'' (3.10m x 2.70m)) UPVC double glazed window to the rear.
Central heating radiator. Ensuite Bathroom (6' 3'' x 7' 3'' (1.90m x 2.20m)) Fitted with bath, w.c and wash basin. UPVC double glazed window to the side. Central heating radiator.
Bedroom Two (12' 6'' x 15' 1'' (3.8m x 4.60m)) UPVC double glazed window to the front elevation. Central heating radiator.
Bedroom Five (13' 6'' x 10' 1'' (4.12m x 3.08m)) UPVC double glazed window to the rear elevation. Central heating radiator.
Bathroom (7' 7'' x 7' 3'' (2.30m x 2.20m)) Fitted wit a p-shaped shower bath with screen and shower over, wash hand basin and w.c. UPVC double glazed window to the side. Central heating radiator.
Outside Front and rear gardens. The rear garden has the added bonus of gated access to the rear allowing for off road parking.
Additional Information For serious buyers, financial information regarding the rental levels will be supplied at a later date.
Value & comps
No previous sales on record.
Returns
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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
FAQ
About 119, Welholme Road, Grimsby
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