Summary - 8, Matlock Drive DN37 9LY
2 bed 1 bath Ground Flat
Affordable auction lot — two-bed ground-floor flat with refurbishment potential and short lease concerns.
Two-bedroom ground-floor flat, approx 61m² (657 sq ft)
Offered at auction, this two-bedroom ground-floor flat presents a straightforward investment or first-rung purchase in Grimsby. The property extends to approximately 61m² (657 sq ft) with an EPC rating of C, gas central heating and double glazing installed post-2002 — practical features that support lettability and lower running costs.
Set within a late 20th-century development, the flat requires typical cosmetic updating and offers scope for refurbishment to increase capital value or rental yield. The 104-year lease remaining is adequate for mortgage eligibility, and ground rent is nominal, but buyers must consult the legal pack for service charge details and any additional costs.
Material risks are clear: the area records high crime and very high deprivation, and the property has a medium flood risk. It will be sold at auction with a buyer’s premium and immediate deposit obligations; the lot has not been inspected in person and all services/appliances are untested, so purchasers should allow for further surveys and checks.
This lot will suit experienced buy-to-let investors or cash buyers willing to bid at auction and manage refurbishment. For anyone seeking a low-price entry into the local market, the flat’s size, EPC grade and low ongoing council tax band make it a pragmatic, if location-sensitive, proposition.
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