Summary - 97 FIRST FLOOR FLAT LITTLEFIELD LANE GRIMSBY DN34 4PN
2 bed 1 bath Flat
Two-bedroom buy-to-let with parking and garden, tenant in place for immediate income.
- Long leasehold: 977 years remaining
- Tenant in situ producing £5,334 pa (c.£445 pcm)
- Potential market rent c.£541 pcm (c.8.7% gross yield)
- Private off-street driveway parking and rear garden
- Modest overall size (c.710 sq ft); compact living space
- Mixed-use corner building on a busy street — retail frontage
- Dated mid-20th century finish; likely need for cosmetic updating
- Buyer’s premium applies; check Let Property Pack before offer
A compact two-bedroom first-floor flat above a ground-floor convenience store, offered as a buy-to-let with a long-standing tenant in place. The property is leasehold (977 years remaining) and currently produces gross rental income of c.£5,334 pa (c.7.1% gross yield at the asking price). It includes off-street private driveway parking and a private rear garden — useful practical benefits that are uncommon for town-centre flats of this type.
The accommodation is modest in size (c.710 sq ft) and presents with a mid-20th century, utilitarian finish; photos are limited and internal specification and fixtures should be confirmed by inspection or from the full sales pack. The flat is in a mixed-use corner building on a busy street, so there is clear retail exposure at ground level and easy access to local amenities and transport links that support lettings.
There is upside for an investor: the listing shows a potential market rent of c.£541 pcm (c.8.7% gross yield) if re-let at market rate, and the long lease reduces lease-related risk. Equally, the building’s dated appearance and likely need for cosmetic updating should be factored into acquisition costs, and a buyer’s premium will apply on sale completion. Due diligence is recommended, including viewing, checking the let pack, and verifying service charges, local management arrangements and any commercial responsibilities linked to the mixed-use building.
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