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See how verdicts work7 × 1-bed flat · DN31 2AW
For saleListed 2 daysAuction 10 Nov · in 16 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price = £110,000+ **For Sale By Public Auction 11th November 2026 09:30 am.
To inspect the legal documents for this property go to our website to download the legal pack** A Vacant Semi Detached Building Arranged to Provide Three Flats.
Offered With Planning Permission to Convert the Property into 7 x One Bedroom Flats Tenure Freehold Location The property is situated on a residential road close to local shops and amenities.
The open spaces of Capes Recreation Ground are within easy reach. Transport links are provided by Grimsby Town rail station.
Description The property comprises a semi detached building arranged to provide three flats over ground and two upper floors.
Accommodation Ground Floor Flat - Not Inspected First Floor Flat - Not Inspected Second Floor Flat - Not Inspected Note The vendor has advised that the gross rental value for the completed seven-apartment scheme of £42,000 per annum.
The property also benefits from Conditional Full Plans Approval under Building Control. Ref bc/0444/26/fp.
Planning North East Lincolnshire Borough Council granted the following planning permission (ref: DM/1037/25/ful) on 8th June 2026 : 'Demolition of rear porch and part demolition of existing ground floor rear apartment, erect single storey side/rear extension to include rooflights, conversion of roofspace and existing three apartments to form seven apartments to include installation of side and rear dormers at second floor, creation of bin storage area with various internal and external alterations (Flood Risk Assessment received 18th May 2026)'.
Open House Viewings To Be Confirmed
Value & comps
No previous sales on record.
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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 starting price
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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 Dudley Street, Grimsby
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