Summary - 186 RUTLAND STREET GRIMSBY DN32 7ND
3 bed 1 bath Terraced
Chain-free three-bed terrace with tenant, garden and refurbishment potential — ideal buy-to-let.
Long-term tenant in place — immediate rental income potential
A straightforward investment with immediate income: this three-bedroom mid-terrace is offered chain-free with a long-term tenant in situ, making it attractive to buy-to-let investors seeking a low-entry purchase in Grimsby. The property is freehold, gas-heated and double-glazed, and sits on a small plot with a notably large rear garden for the street.
Internally the layout is practical — two reception rooms, kitchen and ground-floor bathroom, with three double bedrooms upstairs. The home totals approximately 908 sq ft and retains period character in a typical early 20th-century terraced form. The accommodation will benefit from cosmetic and functional updating; the vendor describes it as requiring slight refurbishment and it is currently sold as needing renovation.
Location strengths include short walks to local amenities, good mobile/broadband connectivity, and quick access to the A180 for regional travel. Nearby schools have Good Ofsted ratings, which supports rental demand from families and working tenants. Council Tax is very low (Band A), reducing ongoing holding costs.
Material negatives are clear: the area has very high crime rates and is classed as very deprived, which will affect tenant sourcing, resale prospects and insurance costs. The property appears to have solid-brick walls with assumed no cavity insulation, so buyers should budget for energy-efficiency upgrades if required. Investors should also factor in refurbishment costs despite existing gas central heating and double glazing.
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