House · DN32 9NP
Listing removedListed 132 daysAuction 29 Jun · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*ONLINE Unconditional Auction Opening 29 June 2026* To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire *LOW RESERVE PRICE - MUST BE SOLD* Situation The property is situate on Heneage Road, Grimsby, a popular and prominent thoroughfare within the centre of the town, well placed for a wide range of amenities and facilities, and offering excellent transport links throughout the area.
The area is predominantly residential, with some mixed use and commercial premises.
Grimsby itself offers excellent access to the surrounding areas, including Cleethorpes and the City of Hull via the M180/A15 road network.
Description A wonderful opportunity to acquire this mixed use property, in need of some improvement, but benefitting from well proportioned and versatile accommodation throughout.
The commercial ground floor element has previously been used as a café/takeaway, and there is a 2 bedroom flat to the rear and on the first floor.
Ideal for investors, as there is scope for a strong return in this area of high rental demand, with potential rental income approx £15,000 per annum across both units.
Accommodation Ground Floor Shop/Café area Rear service area WC Kitchen Bathroom First Floor Bedroom 1 Bedroom 2 Lounge Outside – courtyard and outbuilding.
Material Information Tenure: The property is freehold.
All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
Council Tax: The property falls within North East Lincolnshire Council – BAND A Possession: Vacant possession will be given upon completion. Viewing: Strictly by appointment with Auction House.
Services: Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities.
NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order.
The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract.
Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only.
Prospective purchasers are advised to make their own enquiries of the appropriate Authority. Information relating to Phone & Broadband can be found by visiting Ofcom.
All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Tenure: Freehold EPC Rating: F Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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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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
Agent & docs
FAQ
About 266 Heneage Road, Grimsby DN32 9NP
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