2-bedroom terraced house · DN32 0JS
Listing removedListed 342 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** INVESTORS IDEAL PURCHASE.
CURRENTLY LET TO A TENANT WISHING TO REMAIN ** This end of terrace which is divided into a ground floor retail unit currently rented out for £250pcm and used as storage and a first floor flat which is currently let at £450 pcm.
Ideal for an investor this property comes with viewing highly advised and viewings are available straight away.
Nearby there are a wide variety of local amenities and internal viewing will reveal to the flat the entrance hall, lounge, kitchen, dining room, two bedrooms and the bathroom.
The property also benefits from uPVC double glazing and gas central heating.
NEXT DOOR IS ALSO ON THE MARKET IF ANYONE IS LOOKING TO CREATE LARGE COMMERCIAL UNIT Shop Secure metal shutters open to reveal the shop which is divided into three rooms.
Entrance Hall Entering into the property reveals a radiator, a carpeted floor, access to the loft and a storage cupboard.
Lounge 12' 2'' x 10' 6'' (3.72m x 3.19m) The lounge has a window to the front elevation, a radiator and a carpeted floor.
Kitchen 12' 2'' x 5' 5'' (3.72m x 1.66m) The kitchen has a window to the front elevation, vinyl flooring and a fitted kitchen in a high gloss finish.
There is a sink and drainer, plumbing for a washing machine, an electric oven and hob with an extractor over.
Dining Room 12' 2'' x 8' 0'' (3.72m x 2.44m) The dining room has a radiator and a carpeted floor.
Bedroom One 12' 4'' x 8' 11'' (3.76m x 2.73m) Bedroom one has a window to the side elevation, a radiator and a carpeted floor.
Bedroom Two 11' 3'' x 7' 7'' (3.43m x 2.30m) Bedroom two has a window to the side elevation, a radiator and a carpeted floor.
Bathroom 7' 3'' x 5' 7'' (2.21m x 1.70m) The bathroom has an opaque window to the rear elevation, a radiator and vinyl flooring.
There is also a WC, a basin and a bath with a glass screen and an electric shower over.
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
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FAQ
About Farebrother Street, Grimsby
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