Summary - TORRINGTON GARDENS FLAT 3 TORRINGTON STREET GRIMSBY DN32 9QH
1 bed 1 bath Flat
Low-cost auction lot with clear rental and refurbishment potential for buyers.
One bedroom ground-floor flat, approximately 442 sq ft
Requires full renovation; dated 1970s kitchen and bathroom
Leasehold — approx. 90 years remaining (check legal pack)
Ground rent currently £50 but noted to rise to £750 (verify)
Guide price low — sold at auction; renovation upside for investors
Comparable local rent c. £450pcm (approx. £5,400pa)
Area: very deprived with above-average crime — consider risk
Fast broadband and excellent mobile signal; mains gas heating
This ground-floor one-bedroom flat in central Grimsby offers a very low entry price and clear refurbishment potential for investors. At about 442 sq ft the open-plan living/kitchen layout is straightforward to modernise, and comparable lets in the area suggest achievable rental income around £450pcm once upgraded.
The flat is leasehold (approximately 90 years remaining) with an existing ground rent of £50 that is noted to increase to £750—prospective buyers must check the legal pack for full lease terms. The property requires renovation throughout: the kitchen and bathroom are dated and the accommodation needs modernising to reach market rents or resale values.
Practical positives include mains gas central heating with boiler and radiators, uPVC double glazing, fast broadband and excellent mobile signal. Flood risk is very low and council tax sits in Band A, keeping running costs modest.
Important negatives: the building is in a very deprived area with above-average crime levels, and the sale is by auction with additional fees payable on exchange (administration fee and buyer’s premium). Buyers should inspect the legal pack, allow for refurbishment costs and verify service/utility details before bidding.
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