Summary - 77 FLAT 4 HAWERBY ROAD LACEBY GRIMSBY DN37 7AZ
2 bed 1 bath Flat
Turn-key rental with clear uplift potential after modest updating.
Existing tenant in situ producing £4,800 gross per year
Potential to increase rent to approx. £5,400pa with refurbishment
Asking price £74,000 gives current gross yield ~6.5%
Long leasehold: 189 years remaining
Dated 1970s–1980s interiors — refurbishment likely required
Buyers’ premium applies on purchase — factor additional cost
Fast broadband and nearby schools; easy to relet locally
No flood risk; area classified as affluent with average crime
This two-bedroom leasehold flat on Hawerby Road is presented primarily as a buy-to-let opportunity. It currently produces a gross annual income of £4,800 from an existing tenancy, with landlord-ready tenancy in place so income continues through completion. The long lease (189 years remaining) and no flood risk make tenure and location straightforward for investors.
There is clear upside: management or modest refurbishment could increase achievable rent to approximately £5,400pa, lifting gross yield from about 6.5% to around 7.3% at the asking price of £74,000. The property benefits from fast broadband, average crime levels, and proximity to schools and local amenities that make it easy to relet to working tenants or families.
Internally the flat shows dated 1970s–1980s style finishes and will need updating to maximise rental value. Viewings may be limited while tenanted. A buyers’ premium will apply on sale, so factor this into acquisition costs. Overall, this is a straightforward, low‑maintenance landlord purchase with short‑term rental uplift potential after targeted improvements.
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