Summary - Victoria Street, Grimsby, Lincolnshire, DN31 DN31 1PT
1 bed 1 bath Apartment
Compact, high-yield flat ideal for buy-to-let investors seeking immediate returns.
Chain-free one-bedroom apartment, newly renovated throughout
This upper-floor one-bedroom flat in Victoria Court is newly renovated and presented ready for letting or immediate occupation. The compact 401 sq ft layout includes a spacious double bedroom, modern integrated kitchen appliances, and a neutral finish that will suit most renters or buyers.
From an investor’s perspective the property is a clear value play: anticipated rent of £550 pcm and a strong estimated gross yield of 12%. The 125-year lease and no onward chain simplify purchase mechanics, while Council Tax Band A keeps running costs low.
Buyers should be aware of material local factors. The area is very deprived with very high crime levels and very slow broadband speeds — these will influence tenant demand, management needs and insurance costs. The building’s converted-mill character offers tall windows and skyline views but the overall property is small and primarily suited to single occupancy or a rental let.
Overall this is a turnkey, leasehold apartment offering robust headline rental returns in a constrained local market. It will interest investors seeking high gross yield and buyers happy to factor local area conditions into their strategy.
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