Summary - 69 GEORGE STREET CLEETHORPES DN35 8PL
2 bed 1 bath End of Terrace
Auction opportunity with strong rental potential after refurbishment.
- Two bedrooms, two reception rooms, approximately 754 sq ft
Located on George Street in Cleethorpes, this two-bedroom end-of-terrace is offered for sale by online auction with vacant possession. The freehold property extends to about 754 sq ft, has double glazing, mains gas central heating and a small front and rear garden. Its low Council Tax (Band A) and coastal location make it straightforward to let.
Priced at £39,000, the house suits investors seeking immediate rental income or buyers prepared to refurbish and add value. Local comparable rents are around £700pcm, suggesting a strong gross yield potential once refurbished. The layout is traditional: sitting room, dining room, kitchen and two first-floor bedrooms plus bathroom.
The property does require updating — the kitchen and general decoration are dated and will need work to meet modern rental or owner-occupier standards. Walls are original solid brick (likely uninsulated) and services have not been tested; prospective purchasers should commission surveys and check the legal pack. An administration fee of £3,600 (inc. VAT) is payable on exchange.
This sale is at auction and sold as seen. The surrounding area has good transport links, easy access to the seafront and local amenities, but the neighbourhood sits within a very deprived area classification. Investors should factor in refurbishment costs and consider management strategy for high rental demand locations.
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