Summary - Dudley Street, Grimsby, Lincolnshire, DN31 2AW DN31 2AW
1 bed 1 bath Not Specified
Substantial Victorian HMO near Grimsby with attractive yield potential; sold at auction.
Converted into one two-bed and two one-bed flats
This substantial Victorian semi-detached property has been converted into three flats: one two-bedroom and two one-bedroom units, offering a ready-made small HMO investment. Set on a decent plot with a garden and high ceilings, the building retains period features such as bay windows and decorative cornices that could attract tenants seeking character and room sizes that feel generous.
The house is being sold at auction and has not been inspected, so prospective buyers should allow for unknowns. Internally, areas show wear and will need redecoration and general refurbishment; hallways and staircases display worn paint and mid-century finishes. Tenure is unknown and buyers should confirm legal/title details and consider potential repair costs and compliance work required for HMOs.
Location factors support rental demand but carry clear cautions. The property sits in a very deprived area with high crime levels, though it benefits from excellent mobile signal, fast broadband and a range of nearby amenities and schools. There is no flood risk. For an investor willing to manage refurbishment and lettings in a challenging neighbourhood, the building offers attractive yield potential; for others, the combination of area deprivation and likely remedial works will be material drawbacks.
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