Summary - 21 COSGROVE STREET CLEETHORPES DN35 8NA
2 bed 1 bath Terraced
Two-bed terrace with tenant in situ — income or renovation opportunity near St Peters Avenue.
- Two double bedrooms with first-floor four-piece bathroom
- Tenant in situ producing £7,920 per annum (660pcm)
- Gross yield approx. 6.3% at asking price £115,000
- uPVC double glazing and mains gas central heating
- Solid brick walls; likely no cavity insulation (upgrade needed)
- Victorian mid-terrace requires exterior and internal updating
- Very high local crime and very deprived area — affects resale
- Low-maintenance small front and rear gardens
A compact Victorian mid-terrace in central Cleethorpes, this two-bedroom freehold offers immediate rental income or a starter home close to St Peter’s Avenue and the market. The property is let at £660pcm (£7,920pa), showing a current gross yield of approximately 6.3% at the asking price, making it attractive to buy-to-let investors seeking city-centre stock with low external grounds maintenance.
Internally the layout is linear and practical: an open-plan living/dining room, fitted kitchen, utility room and a first-floor four-piece bathroom serve two double bedrooms. The house benefits from uPVC double glazing, mains gas central heating and an average overall size of about 851 sq ft. There is no flood risk and council tax is described as very cheap, which helps household running costs or tenant affordability.
Notable issues are straightforward and should be budgeted for. The terrace is a period property built c.1900–1929 with solid brick walls and assumed lack of cavity insulation; some upgrading and insulation work will be required to improve thermal performance. The exterior and some internal elements appear dated and may need renovation to reach modern standards. The immediate area is described as very deprived with very high crime levels — factors that affect resale and letting profiles and should be weighed by owner-occupiers and investors alike.
For investors this is a hands-off, low-maintenance plot with tenant in situ and established rental income. For a first-time buyer prepared to carry out updates, it’s a budget-friendly entry into Cleethorpes close to local amenities and good primary and secondary schools. Viewings will best suit buyers who understand the local market dynamics and the need for targeted improvement works.
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