Summary - 2 FLAT 1 THORGAM COURT GRIMSBY DN31 2EU
2 bed 1 bath Apartment
Ready-to-let unit with tenants in situ and low running costs.
Two-bedroom leasehold apartment, modest overall size
A compact two-bedroom leasehold apartment in Thorgam Court, Grimsby, presented in tidy, ready-to-let condition. Interiors are modern and neutral with a refurbished bathroom, fitted kitchen, and laminate flooring — straightforward to manage for a landlord or a first-time buyer seeking low-maintenance accommodation.
The property is currently let to tidy tenants at £475 pcm, and benefits from off-street communal parking, fast broadband and excellent mobile signal. Outgoings are modest: council tax band A is very cheap, ground rent is small and the service charge is payable biannually (c. £529 per 6 months).
Important caution for buyers: the lease has only 46 years remaining. Many mortgage lenders impose strict minimum lease terms and may refuse to lend; this materially limits mortgage options and will affect resale value. The building sits in a very deprived area with very high local crime rates, which will influence tenant demand and long‑term capital growth.
Suitability and potential: the flat is best suited to a cash buyer or an experienced investor aware of short-lease risks, or a purchaser able to pursue a lease extension. The apartment’s condition means minimal immediate refurbishment is needed, but buyers should factor in the cost and process of extending the lease if long-term holding or mortgage financing is required.
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