Summary - Peaksfield Avenue, Grimsby, Lincolnshire, DN32 DN32 9QF
3 bed 1 bath Terraced
Ready-made buy-to-let with strong yield and tenant in situ in regenerating Grimsby location.
Three bedrooms and one family bathroom
A ready-made buy-to-let in Grimsby, this three-bedroom mid-terraced freehold offers immediate rental income and upside from local regeneration. The property is newly renovated and benefits from recent damp-proofing and a rebuilt dividing wall, reducing short-term maintenance risk for a landlord.
Currently let with a rent increase scheduled to £525 pcm, the investment delivers an approximate gross yield of 8.4% at the asking price. At about 859 sq ft (approx. 90 sq m) the layout includes two reception rooms, a rear kitchen, and a family bathroom — a straightforward, tenant-friendly plan that suits local rental demand.
Be clear about the trade-offs: the address sits in a very deprived area with above-average crime and a local classification of "Constrained renters," which can limit tenant quality and resale premiums. Outside space is small and parking is on-street only, so this suits investors who prioritise yield over curb appeal.
For a buyer seeking predictable cashflow, freehold ownership and strong local rental demand driven by nearby employment and regeneration, this is a practical, low-touch letting opportunity. Investors should factor in the neighbourhood risks when planning long-term strategy and valuation assumptions.
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