Summary - 18 THOMAS STREET GRIMSBY DN32 9HP
3 bed 1 bath Terraced
Chain-free, modernised home with strong rental yield and secure small gardens.
- Chain-free three-bedroom mid-terrace, freehold
- Recently modernised internally; ready to occupy or let
- Estimated rental income £8,100pa (approx. 9.3% gross yield)
- Front and rear gardens; small plot
- Single family bathroom only, compact room sizes
- Located in high-crime, very deprived neighbourhood
- Solid brick walls; assumed no cavity insulation
- Double glazing present; install date unknown
A compact mid-terrace in central Grimsby, offered chain-free and recently modernised for immediate occupation or letting. The property provides three bedrooms arranged over two floors, an open-plan living/dining room and a ground-floor kitchen, plus secured front and rear gardens. Double glazing and a mains gas central heating system are fitted; council tax costs are low which helps running costs.
For investors the numbers are straightforward: an estimated annual rent of £8,100 represents around a 9.3% gross yield at the current asking price. The house is freehold and currently presented ready to move into, reducing initial voids or refurb delays. Its compact layout and location close to several well-rated primary and secondary schools make it suitable for a lettings market geared to local families or sharers.
Be realistic about the neighbourhood and maintenance. The surrounding area registers high crime and very high deprivation scores, and the street-facing exterior is modest and would benefit from cosmetic updating despite internal modernisation. The property has solid brick walls with assumed no cavity insulation, and the double glazing install date is unknown — further insulation or energy upgrades could be needed to improve efficiency.
This is a pragmatic opportunity for a buyer who needs a low-entry-cost, income-producing asset or a first home ready to occupy. Viewing is recommended to assess condition and letability in person, and to plan any targeted improvements for energy performance or street-facing repairs.
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