Summary - 34 TOP FLAT BULLER STREET GRIMSBY DN32 8BL
1 bed 1 bath Apartment
Affordable investment near Grimsby and Cleethorpes with clear rental potential.
Advertised 12% gross rental yield at current asking price
This top-floor one-bedroom flat sits within a Victorian mid-terrace in central Grimsby, offered as a straightforward buy-to-let opportunity. At the current asking price the advertised gross rental income of £5,400 per year gives a projected 12% yield, making the economics clear for investors seeking high-yield stock in an affordable bracket.
The accommodation is compact (approximately 485 sq ft) and requires mainly cosmetic updating to fixtures and finishes; photos and descriptions indicate dated elements and potential remedial work. The building has solid brick walls (likely no cavity insulation), double glazing of unknown age and mains gas boiler with radiators for heating — expect typical maintenance and potential energy-improvement costs.
Location strengths include excellent mobile signal and fast broadband, proximity to Grimsby and Cleethorpes town centres, and a very low flood risk. Practical negatives: the property is leasehold, located in a very deprived area with very high local crime rates, and the setting offers limited external amenity (small paved forecourt only). These factors will influence tenant demand and management requirements.
For an investor prepared to manage refurbishment and let in a constrained rental market, this flat offers clear income potential and low purchase price. For others, the location and condition mean careful budgeting for repairs, security measures and possible insulation or heating upgrades before re-letting or resale.
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