Summary - 129 Eleanor Street DN32 8AL
2 bed 1 bath Flat
Low guide price auction opportunity for hands-on investors seeking yield.
Large first-floor two-bedroom flat, approx. 948 sq ft
Guide price £9,000+; currently set at low auction start price
Needs full renovation; budget for repairs and upgrades
Leasehold — check lease length, ground rent, and service charges
Administration fee £3,600 inc. VAT on exchange plus legal disbursements
Potential post-renovation rent circa £550pcm (£6,600pa)
EPC Rating C; gas central heating and uPVC double glazing present
High local crime and very deprived area may affect capital growth
This large two-bedroom first-floor flat at Straun House, Eleanor Street, is offered for auction with a low guide price, making it a clear opportunity for investors and renovators. The property is leasehold, vacant on completion, and benefits from double glazing, gas central heating and an EPC rating of C. Estimated post-renovation rent is around £550pcm based on similar local properties.
The flat requires renovation and modernisation throughout; the building dates from the 1930s–1940s and has solid brick walls likely without cavity insulation. Buyers should budget for refurbishment work, check the lease terms and note the advertised administration fee of £3,600 (inc. VAT) payable on exchange plus any legal pack disbursements. The property will be sold at an online unconditional auction opening 17th November 2025.
Location is central Grimsby with good access to town-centre amenities and the M180. The immediate area is described as very deprived with high local crime and constrained rental demand, which affects long-term capital prospects but supports short-term rental yields at the guide price. Potential off-street parking and low flood risk are practical advantages.
This is a practical, high-yield prospect for an investor or hands-on buyer prepared to refurbish. Important checks: lease length/charges, service arrangements, full condition survey and verification of services and tenancy potential before bidding.
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