Summary - 5, Abbey Drive East DN32 0HD
2 bed 1 bath Apartment
Ready-to-rent ground-floor flat with period character and yield potential.
Two bedroom ground-floor apartment in Victorian mid-terrace
Newly refurbished interior with new kitchen and bathroom
Let at £525pcm previously — c.9% gross yield at asking price
uPVC double glazing and gas central heating throughout
Shared rear garden is owned by the first-floor flat (limited access)
Leasehold tenure — check lease length, service charges and ground rent
Local area: very deprived with high crime; affects tenant profile
Solid brick walls likely uninsulated; consider energy improvements
This two-bedroom ground-floor apartment sits in a red-brick Victorian terrace near Grimsby town centre, recently refurbished and offered with a fitted kitchen and bathroom. It was refurbished prior to letting and benefits from uPVC double glazing, gas central heating and an average-sized footprint of 851 sq ft for flexible use as a rental or a home.
For investors the property is income-ready: previously let at £525 pcm, which equates to about a 9% gross yield at the current asking price. The flat is in a central, convenient location close to shops, parkland and public transport, with very low flood risk, excellent mobile signal and fast broadband — useful for lettings demand.
Material facts and cautions are set out plainly. The property is leasehold; the shared rear garden is owned by the first-floor flat so outdoor access and control are limited. The local area records high crime and very high deprivation, which will influence tenant profiles, resale and long-term capital growth. Walls are original solid brick with assumed no cavity insulation.
This is a pragmatic opportunity: a character ground-floor flat with immediate rental income and minimal upfront decorating required, but buyers should factor in the leasehold status, local area challenges and limited communal outdoor amenity. Suitable for a buy-to-let investor seeking rental yield, or a first-time buyer prepared to accept central urban location trade-offs.
2 bedroom apartment for sale in Pelham Road, Grimsby, Lincolnshire, DN34 — £115,000 • 2 bed • 1 bath • 855 ft²
2 bedroom apartment for sale in Hope Street, Grimsby, Lincolnshire, DN32 — £40,000 • 2 bed • 1 bath • 679 ft²
1 bedroom apartment for sale in Grafton Street, Grimsby, Lincolnshire, DN32 — £48,000 • 1 bed • 1 bath • 528 ft²
1 bedroom apartment for sale in Buller Street, Grimsby, North East Lincolnshir, DN32 — £45,000 • 1 bed • 1 bath • 485 ft²
2 bedroom flat for sale in Pinewood Crescent, Grimsby, DN33 — £47,500 • 2 bed • 1 bath • 689 ft²
1 bedroom flat for sale in Cromwell Road, Grimsby, DN31 — £53,500 • 1 bed • 1 bath • 603 ft²
