Summary - 7 GILBEY ROAD GRIMSBY DN31 2RL
3 bed 1 bath Terraced
Auction sale with strong lettings potential and immediate exchange option.
- Three bedroom mid-terrace with two reception rooms
This three-bedroom mid-terrace in Gilbey Road is a clear renovation play aimed at investors or hands-on buyers. The property is freehold, chain-free and offered at auction with a starting bid of £45,000 and Secure Sale online bidding for immediate exchange options.
Internally the layout includes two reception rooms, a separate kitchen and a ground-floor bathroom. The house is in need of substantial refurbishment — reports of damp and mould in living areas and general dereliction mean cosmetic and remedial works are required, including modernisation of services and likely insulation improvements to solid brick walls.
Location strengths include fast motorway access (A180), proximity to Grimsby town centre and local amenities, and nearby schools rated Good. Rental demand in the constrained-renters neighbourhood and very deprived wider area suggests strong lettings potential once refurbished, but factor in higher local crime and small plot size when assessing returns.
This is suited to an investor or developer comfortable with renovation risk and work planning. The property presents clear upside through refurbishment and re-letting, but buyers should allow budget for damp remediation, heating/upgrades and interior modernisation.
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