Summary - 54 HARE STREET GRIMSBY DN32 9LA
3 bed 1 bath Terraced
Low-priced, renovation-focused property with strong rental upside for investors.
Mid-terrace three-bedroom house with enclosed rear garden
Situated on Hare Street in central Grimsby/Cleethorpes, this early-20th-century mid-terrace offers straightforward investment potential at a low guide price. The house has three bedrooms, a ground-floor bathroom and an enclosed rear garden, plus period features such as high ceilings and a fireplace that will appeal to buyers looking to add value through refurbishment. It is offered freehold and will be sold at auction; vacant possession will be provided on completion.
The property requires modernisation: heating relies on room heaters and mains gas, walls are likely solid brick with no insulation, and some systems and services have not been tested. These are practical costs to factor in, but the layout and room sizes support conversion to an HMO (subject to consents) or refurbishment for rental, with local comparable rents suggesting strong yield potential.
Location strengths include proximity to local shops, supermarkets and schools (several rated Good), plus easy access to the M180. However, the area is currently very deprived with above-average crime levels and a high proportion of rental accommodation; these factors affect tenant profiles and resale values and should be weighed by owner-occupiers. Buyers should also note a non-refundable administration fee payable on exchange — check the legal pack for full disbursements.
This is a clear project for an investor or developer prepared to carry out works. For a hands-on buyer it offers scope to increase value and produce rental income; for a buy-to-let investor the low purchase price offsets refurbishment costs but will require active management given the local market dynamics.
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