Summary - 64 CARTERGATE GRIMSBY DN31 1RT
3 bed 1 bath Terraced
Starter purchase or rental with proven income and low running costs.
Chain free sale for quicker completion
This mid-terrace three-bedroom house on Cartergate is a practical starter home or income property close to Grimsby town centre. The layout offers an open-plan living/dining room, ground-floor kitchen and bathroom, and three first-floor bedrooms. Double glazing and gas central heating are already fitted, keeping initial running costs lower.
Previously let at £600 PCM, the property shows a passing yield around 9% at the asking price, making it of clear interest to investors seeking straightforward rental income. It is being sold chain free, which simplifies a quick purchase, and the area benefits from fast broadband and excellent mobile signal for modern tenants.
Buyers should note material drawbacks plainly: the house sits in a very deprived area with high local crime statistics, and the solid-brick walls are assumed uninsulated. Internally some fittings are dated and the staircase may need overhaul — refurbishment or insulation upgrades will be required to improve energy performance and long-term comfort.
The plot is small, with modest front and rear gardens that keep maintenance simple but limit outdoor space. Council tax is very cheap, which helps ongoing affordability. For first-time buyers wanting a manageable family home or investors seeking an immediate let, this property offers clear potential at a modest price, provided buyers budget for essential updates.
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