Summary - VICTORIA COURT 36 VICTORIA STREET GRIMSBY DN31 1PT
1 bed 1 bath Flat
Chain-free starter or buy-to-let with lift access and parking.
Chain free one-bedroom apartment, about 375 sq ft
A compact one-bedroom apartment in a converted red-brick mill, offered chain free and ready for immediate occupation or letting. The building provides lift access and communal off-street parking, and the flat has a fitted kitchen, bedroom wardrobes and a contemporary shower room. The property is small (approximately 375 sq ft) and arranged for low-maintenance living with fully electric services and electric storage heaters.
Important practical points are straightforward: the flat is leasehold (about 90 years remaining) with an average service charge of around £1,500 annually. Broadband speeds in the area are very slow and the local area records very high crime and significant deprivation, which will affect resale prospects and tenant demand. Walls are cavity-built with no added insulation (assumed), and heating is by electric storage units, which may not suit buyers seeking gas central heating or high energy performance.
For investors, the apartment has an estimated rental income of about £6,600 per year, presenting a rental yield potential at the current price, subject to compliance with legislation and letting costs. For downsizers or first-time buyers, the property offers easy-to-manage accommodation in a central DN31 location with rail links and shops close by, but buyers should weigh the small footprint and local issues when deciding.
Overall this is a practical, low-upkeep home or buy-to-let with clear positives (parking, lift, central location) and material negatives (shortish lease relative to freehold, high service charge for size, local crime, slow broadband). It will suit purchasers prioritising convenience and rental income over long-term capital growth.
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