Summary - 6 POPLAR ROAD CLEETHORPES DN35 8BQ
3 bed 1 bath Terraced
Immediate rental income with scope for value uplift after renovation.
3 bedrooms, lounge, kitchen and bathroom in traditional Victorian terrace
Currently let with long-term tenants producing £9,000 gross pa
Requires refurbishment; visible damp marks and cosmetic repairs needed
Freehold tenure; approx 1,001 sq ft of internal space
Small shared rear garden; on-street parking only
Medium flood risk; local area classified as very deprived
Higher local crime rate; tenant wishes to remain limiting vacant possession
This mid-terraced Victorian property on Poplar Road is offered as a buy-to-let opportunity with a long-term tenant in situ. It currently produces a gross annual rental income of £9,000, making it immediately income-generating for a buyer seeking cashflow. The house is freehold and sits at about 1,001 sq ft across three bedrooms, lounge, kitchen and bathroom.
The property requires refurbishment: internal photos show damp marks and cosmetic wear, and the house will benefit from updating throughout. There is potential to increase rental value or reposition the asset after renovation, but buyers should allow for repair costs and modernisation. A Let Property Pack is available for detailed investment figures.
Material considerations are factual: the area is classified as very deprived with a higher local crime rate, and the site has a medium flood risk. The property has on-street parking and a small shared rear garden only. The current tenants have occupied the property for several years and intend to remain, which preserves income but may limit immediate vacant possession options.
Serious investors and developers will find straightforward income and upgrade potential here, balanced by neighbourhood and property-specific risks. A Buyers Premium applies to secure the sale; purchasers should review tenancy documents, the Let Property Pack, and factor in refurbishment and site-specific risk when assessing return on investment.
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