Summary - 21 Alexandra Road DN31 1RD
1 bed 1 bath Flat
Low-price auction opportunity for cash buyers and renovators.
Large overall internal size for a one-bedroom flat
Guide price £10,000 — sold at online auction
Lease approx. 67 years remaining; lenders likely refuse mortgages
Requires renovation; evidence of damp and mould present
Estimated post-renovation rent ~£450pcm (£5,400pa) potential
EPC rating D; solid brick walls, no insulation noted
High local crime and very deprived area may affect demand
Council Tax Band A; broadband and mobile signals are strong
This first-floor one-bedroom flat in central Grimsby is offered for sale at auction with a very low guide price, presenting a clear investor opportunity. The property requires full renovation but has large internal space for a flat of its type and potential to let at around £450pcm once modernised, based on local comparables. Broadband and mobile connectivity are good, and Council Tax is Band A, keeping running costs low.
Important constraints affect value and financing: there are approximately 67 years remaining on the lease, which will likely rule out mortgage lending for many buyers. The building shows signs of wear and damp/mould and has solid brick walls with no insulation, so buyers should budget for remediation and energy-efficiency improvements. EPC is rated D.
The sale will be online at auction with vacant possession. This is best suited to cash buyers or experienced landlords comfortable with auction purchase processes, renovation projects and possible additional costs such as the advertised administration fee. Prospective purchasers should inspect the legal pack for lease, service charge and disbursement details before bidding.
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