Low-entry investment near town centre with strong rental potential.
Guide price £15,000, auction sale opening 17 Nov 2025
An affordable three-bedroom mid-terrace offered for auction as a renovation project. With a guide price of £15,000 and vacant possession, this freehold house sits close to Grimsby town centre and local amenities, making it a straightforward rebuild or rental opportunity for an investor or developer.
Accommodation includes two reception rooms, ground-floor bathroom, and a compact kitchen; the property benefits from uPVC double glazing, mains gas boiler heating and an enclosed rear garden. Constructed circa early 20th century with solid brick walls, the house totals about 978 sq ft and is Council Tax Band A.
The property requires a full programme of modernisation: visible mould and damp in the kitchen, dated fixtures, and assumed lack of wall insulation. EPC rating D. Potential is clear for a straightforward let once refurbished (guide rent estimated at £700pcm) or for conversion to an HMO subject to permissions, with higher possible returns if upgraded.
Important sale details: the property will be sold at an online unconditional auction opening 17 November 2025; an administration fee of £3,600 inc. VAT is payable on exchange. Buyers should consult the legal pack and carry out their own surveys and statutory checks before bidding.
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