Summary - 24 DUDLEY STREET GRIMSBY DN31 2AB
9 bed 7 bath Semi-Detached
Fully licensed 9-bed HMO with 7 bathrooms
Produces approx. £48,800 gross rental income annually
Converted 2016; newly renovated and turnkey ready
Freehold semi-detached building, 2,302 sq ft total
Off-street parking for several cars on site
EPC rating C; mains gas boiler and radiators
Located in high-crime, very deprived area—tenant risk
Close to town centre, amenities and several schools
A ready-to-run, fully licensed nine-bedroom HMO in Grimsby, converted from office space in 2016 and newly renovated to modern standards. The property comprises nine lettable rooms, seven bathrooms and communal living/kitchen areas, with off-street parking for several cars. It currently generates approximately £48,800 gross per year and has seen minimal vacancies in recent years.
This freehold semi-detached building offers a strong turnkey investment: double glazing, mains gas central heating, and an EPC rating of C. The accommodation totals about 2,302 sq ft across multiple storeys and sits close to Grimsby town centre, amenities and several schools, helping tenant demand in a constrained rental market.
Buyers should note material local drawbacks: the neighbourhood shows high crime levels and very high area deprivation, which can affect tenant profiles and long-term capital growth. The property is in an area classified as 'constrained renters', so management and tenancy screening will be important. Council tax is low and there is no flooding risk.
Overall this is a high-yield, operational HMO for an investor seeking immediate income from a licenced, recently upgraded building. It suits a buyer comfortable managing HMOs in a challenged area or an investor using a managing agent to preserve returns and tenancy stability.
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