Summary - 1 STANAGE WALK GRIMSBY DN32 7EN
3 bed 1 bath Terraced
Three-bedroom end-terrace with 8% yield and vacant possession option.
8% passing yield with long-term tenants in place
This end-terraced, three-bedroom house on Stanage Walk offers a clear investment angle: long-term tenants in place producing an approximate 8% passing yield, with vacant possession available for owner-occupiers. The layout is traditional and practical — entrance porch, living room, ground-floor cloakroom, kitchen, three first-floor bedrooms and a four-piece bathroom — across about 948 sq ft of accommodation.
The property benefits from mains gas central heating, UPVC double glazing and front and rear gardens (rear low-maintenance). Constructed in the post‑war era (c.1950–1966), it sits on a small plot in a city neighbourhood with good local amenities and fast broadband; nearby primary schools are rated Good by Ofsted.
Notable negatives are material and should be considered: the building appears system-built with assumed no cavity insulation, the glazing installation date is unknown, and the description and images indicate dated 1970s/ post‑war finishes requiring modernisation. The area is classified as very deprived with constrained rental demand in places — important for both investors and buyers planning longer-term value growth.
Overall this is a straightforward, budget-conscious purchase: attractive for investors seeking immediate rental income and for first-time buyers prepared to refurbish. A viewing or video tour is recommended to assess condition and refurbishment scope before committing.
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