Chain-free 3-bed terrace with rental income and refurbishment potential close to Grimsby centre.
- Three bedrooms in compact mid-terrace footprint
- Currently tenanted at £575pcm — immediate rental income
- Chain-free sale for quicker completion
- Modern kitchen and bathroom recently replaced
- EPC rating E; insulation improvements likely needed
- Solid brick walls; assumed no cavity insulation
- Small garden and limited external space
- Area has high crime and very high deprivation
A compact three-bedroom mid-terrace in Grimsby, offered chain-free and currently let at £575pcm — an immediate income stream for investors or an affordable purchase for first-time buyers prepared to take the tenancy. The property has seen recent investment with a replaced kitchen and bathroom and benefits from gas central heating and double glazing.
Internally the layout is traditional: through lounge/diner, rear kitchen and ground-floor bathroom, with three bedrooms on the first floor. The footprint and garden are small, typical of inner-urban terraced stock. Energy performance is modest (E) and the solid-brick walls are assumed uninsulated, so further work to improve efficiency and reduce running costs would add value and tenant appeal.
This home suits a buyer seeking rental yield or a budget purchase to live in while upgrading. The current assured shorthold tenancy provides immediate rent but also limits vacant-possession flexibility. The neighbourhood is transitional with higher crime statistics and very high area deprivation; factor local market conditions into rental or resale plans.
Potential value drivers include the central location near Grimsby town centre, low maintenance items already completed (kitchen/bathroom), and clear scope for uplift via insulation, redecoration, and internal reconfiguration to maximise living space and EPC rating. Buyers should verify tenure details and survey for insulation, damp or structural issues before purchase.
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