Summary - 21, ST. AUGUSTINE AVENUE, GRIMSBY DN32 0JL
5 bed 3 bath Block of Apartments
Immediate income opportunity for hands-on landlords and portfolio builders.
- Three houses sold as one freehold block of apartments portfolio
- Current annual gross income £18,492; market potential £22,320
- Five bedrooms and three bathrooms across three units
- Tenants in situ — immediate rental income and management needed
- Off-street parking available for convenience
- Located in DN32; area very deprived with high crime rates
- Overall reported floor area 474 sq ft — compact accommodation
- Buyers Premium applies; review Let Property Pack and tenancy terms
A compact portfolio of three residential houses sold as one freehold unit in Grimsby, currently let and producing steady rental income. The portfolio comprises an end-terrace (2 beds), a mid-terrace (2 beds) and a detached house (1 bed), with a combined total of five bedrooms and three bathrooms, off-street parking and a reported overall floor area of 474 sq ft. Tenants are in situ, giving immediate income and management continuity.
This is an investor-focused opportunity: current annual gross income is £18,492 with scope to increase to a projected £22,320 at market rents. The properties are described as well maintained with spacious rooms and modernised kitchens and bathrooms in each unit, but the small total footprint and compact gardens limit family appeal and on-site expansion potential.
Location factors are important: the DN32 postcode sits in a very deprived area with high local crime levels and constrained renter demand. Broadband speeds are reported fast and flood risk is very low, but mobile signal is average. Prospective buyers should review the Let Property Pack and tenant agreements carefully; a Buyers Premium applies on sale.
Suitable for buy-to-let investors or developers prepared to manage a small, income-producing portfolio in an area with above-average landlord demand but notable area risks. Full financials, tenancy details and property histories should be checked before purchase.
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