Summary - 10 CLERKE STREET CLEETHORPES DN35 7ND
3 bed 1 bath Terraced
Low-cost auction lot for investors seeking renovation and strong rental upside.
Freehold three-bedroom mid-terrace with small rear garden
This three-bedroom mid-terrace on Clerke Street is presented for auction and priced to reflect its renovation requirements. Offered freehold with vacant possession, the property benefits from double glazing, central heating and a small rear garden. It sits in an area of high rental demand and very deprived socio-economic indicators, so buyer due diligence is essential.
The house is best suited to investors or developers seeking a low-entry acquisition with clear value-add potential. Average post-renovation rents in the locality are around £650pcm (c. £7,800pa), and the agent notes possible HMO conversion (subject to planning) with estimated income in excess of £20,000pa. The compact room sizes and straightforward mid-century layout lend themselves to a targeted refurbishment programme or room reconfiguration.
Major negatives are explicit: the property requires modernization throughout, is in a very deprived neighbourhood with high crime, and will be sold at auction with an administration fee of £3,600 (inc. VAT) payable on exchange. Services and appliances have not been tested; bidders should inspect the legal pack, arrange surveys, and verify statutory services. Flood risk is low, council tax band is A, and mobile/broadband connectivity is reported as strong.
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