Summary - 49 MENDIP AVENUE GRIMSBY DN33 3AE
4 bed 2 bath Terraced
Income-producing terrace with clear rent uplift potential for investors.
- Long-term tenant in situ, no intention to vacate
- Current gross income £9,000 per year
- Estimated market rent potential £13,800 per year
- Freehold four-bedroom mid-terrace, 872 sq ft
- Requires modernization and external maintenance
- Small plot size, limited outdoor space
- Area classified as deprived; crime above average
- Buyers Premium applies to secure purchase
A straightforward buy-to-let opportunity in Grimsby, currently tenanted and producing an annual gross income of £9,000. The property is a four-bedroom mid-20th century mid-terrace on freehold title, with a modern kitchen and a good-sized lounge. Long-term tenants are in place and report no intention to vacate.
There is clear income uplift potential: market rent for this type of property is estimated at around £13,800 per year, offering scope for a higher yield after re-assessment of tenancy terms. The house totals approximately 872 sq ft and sits on a small plot close to local amenities and schools, which supports continued rental demand from local workers.
Buyers should note material negatives: the immediate area is classified as deprived with above-average crime levels, and the house shows signs of ageing and will need some modernization and external maintenance. A Buyers Premium will apply to secure the sale, and the onward purchaser must review the Let Property Pack for full tenancy details and financials.
This listing suits serious investors or developers seeking an income-producing asset with uplift potential who are comfortable operating in a higher-risk neighbourhood and managing tenant relations and property refurbishment.
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