Summary - 44 LADYSMITH ROAD GRIMSBY DN32 9EG
1 bed 1 bath Detached
Immediate income opportunity with strong local transport and broadband links.
- Two-bedroom mid-terrace with tenant in situ
- Tenant rent £476 PCM; immediate rental income
- Reported gross yield 7.93%
- EPC C and council tax band C
- Gas central heating and uPVC double glazing
- Small, low-maintenance rear garden
- Dated interiors; requires updating/refurbishment
- Area: very deprived with high local crime rate
A two-bedroom mid-terrace in central Grimsby sold with a tenant in situ, offering immediate rental income. The current rent is £476 per calendar month, producing a reported 7.93% gross yield. The house is freehold and presents as deceptively spacious for its footprint, with a living room, dining/snug, kitchen, ground-floor wet room and two first-floor bedrooms.
Practical features include gas central heating, uPVC double glazing and an Energy Performance Rating of C. There is a small, low-maintenance rear garden and the property benefits from fast broadband and excellent mobile signal — useful for lettings or short-term management.
Notable drawbacks are the area's high crime level and very deprived classification, which may affect tenant demand and future capital growth. The building is solid-brick terraced stock (circa 1900–1929) and likely lacks cavity wall insulation; the interior shows dated finishes and will require updating or refurbishment to maximise long-term value. Sold with a tenant, the purchaser should allow time for tenancy notice periods and viewings.
This is most suitable for investors seeking an immediate income stream and for buyers prepared to carry out moderate refurbishment. The property’s low flood risk, proximate schools and transport links support steady lettability, but purchasers should factor neighbourhood considerations and upgrade costs into offer calculations.
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