Summary - 160 FAREBROTHER STREET GRIMSBY DN32 0JR
6 bed 2 bath End of Terrace
Licensed six-bedroom HMO, currently fully let with established rental income (£29k pa approx).;Six bedrooms, communal dining room, kitchen and two shower rooms laid out for multi-occupancy.;Front and rear gardens offer tenant outdoor space and storage potential.;EPC C, uPVC double glazing, gas central heating, low flood risk.;Solid brick construction likely without wall insulation — improvement opportunity and possible cost.;Located in a deprived area with high crime; tenant demand may fluctuate.;Rooms are generally small; property requires modernisation and ongoing maintenance.;Freehold tenure, council tax band A, approximate total area 985 sq ft.
This end-terrace Victorian property is offered as a fully licensed six-bedroom HMO, currently fully let and producing approximately £29,000 per year. Its layout — six bedrooms, communal dining room, kitchen, two shower rooms and a bike store — is already configured for multi-occupancy, reducing immediate conversion costs for a buyer seeking rental income.
Practical benefits include uPVC double glazing, gas central heating, Energy Performance Rating C and very low flood risk. Gardens to the front and rear provide usable outdoor space uncommon for inner-urban HMOs and may improve tenant appeal. The property is freehold and economically priced at £140,000 against the reported rental return.
Material considerations are clear: the house sits in a deprived, high-crime area and the building dates from 1900–1929 with solid brick walls likely lacking cavity insulation. Internal rooms are generally small and the property will need ongoing maintenance and selective modernisation to protect rental value and comply with future licensing or safety requirements. Tenancy performance has been stable under professional owner-management, but income relies on continued professional letting and local demand.
This is a pragmatic purchase for an investor seeking near-term rental cashflow with scope to add value via energy upgrades, interior refurbishment and continued efficient management. Buyers focused on long-term capital growth should factor in area-level deprivation and the need for periodic investment to maintain lettability.
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