Summary - 367 HENEAGE ROAD GRIMSBY DN32 9NH
3 bed 1 bath Terraced
Value-led three-bed terrace with clear rental uplift after refurbishment..
- Freehold three-bed mid-terrace with front and rear gardens
- Currently let at £520pcm; potential £700pcm after modernisation
- Extensive uPVC glazing and mains gas central heating
- Requires general modernisation and likely insulation upgrade
- Small rooms and compact overall footprint, two-storey layout
- Located in a very deprived area; crime is above average
- Vacant possession available if required for renovations
- Council tax band very low, running costs economical
This three-bedroom mid-terrace on Heneage Road offers straightforward rental or refurbishment potential in an established Grimsby neighbourhood. The property is freehold, with extensive uPVC glazing, gas central heating and a compact front and rear garden. Current accommodation is arranged over two storeys with three reception rooms and a simple kitchen, giving flexibility for different layouts.
The house is let at £520pcm (gross yield ~6.6% at the asking price of £95,000) but with modernisation rental income could reach around £700pcm (gross yield ~8.8%). Vacant possession can be provided, so the purchase suits both investors seeking immediate rental uplift and owner-occupiers willing to renovate.
Material points: the property needs modernisation and likely benefits from upgrading insulation and finishes (solid brick walls assumed uninsulated). The location sits within a very deprived area with above-average crime, which will affect tenant profiles and pricing. Council tax and running costs are low, and local schools and shops are within easy reach.
Overall, this is a practical, value-led purchase for a buyer comfortable with hands-on improvement work — clear rental upside exists but expect refurbishment costs and local market constraints.
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