Low-entry buy-to-let with immediate rental income and refurbishment potential.
3 bedrooms in a mid-terraced freehold property
Currently tenanted with long-term occupants, steady rental income
Annual gross income £6,180 (current tenancy)
Small front and rear garden areas, limited outdoor space
On-street parking only; no off-street parking
Located in a very deprived area with high local crime rates
No internal photos or floorplans; condition unknown, likely refurbishment
Buyers Premium payable on sale; factor additional purchase costs
This mid-terraced, three-bedroom freehold on Eleanor Street offers a straightforward buy-to-let opportunity in central Grimsby. It currently houses long-term tenants and produces a gross annual income of £6,180, making it suitable for investors seeking an income-generating addition to a portfolio.
The property is modest in size with small front and rear garden areas and on-street parking. Services are good — fast broadband and excellent mobile signal — and flood risk is low. The building appears as a typical two-storey terrace; internal condition is not confirmed and refurbishment may be required.
Important considerations: the address sits in a very deprived ward with high local crime rates, which will affect tenant demand and resale. A Buyers Premium applies to the sale. No internal photos or floorplans are provided; buyers should inspect to confirm condition, layout and any repair or modernization needs.
For investors: the long-standing tenancy and immediate rental income reduce short-term void risk, but factor in potential refurbishment costs, local market constraints and management needs when assessing yield and capital growth.
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