Summary - 7 CARNFORTH CRESCENT GRIMSBY DN34 5HY
3 bed 2 bath Terraced
Steady rental income with refurbishment upside in DN34 — tenant in situ.
3-bedroom mid-terrace with front and rear private gardens
Freehold tenure with off-street driveway parking
Current gross annual rental income £8,340 (long-term tenants)
Approx. size 807 sq ft — compact, modest internal footprint
Area classified as very deprived; above-average local crime
Likely needs refurbishment to increase rent/value
Tenants currently in situ and intend to remain — tenancy transfers
Excellent mobile signal and fast broadband speeds
A three-bedroom mid-terrace on Carnforth Crescent offered as a clear buy-to-let opportunity. The property is freehold, currently let to long-standing tenants producing a gross annual income of £8,340, making it attractive to investors seeking immediate rental return and steady cashflow.
Externally the house has private front and rear garden space and an off-street parking forecourt. Broadband and mobile signal are reported as strong, and the property sits in an established residential street with local amenities and schools within reach.
Important cautions: the area is classified as very deprived with above-average crime levels, which will affect lettability and tenant profiles. The house is modest in size (approximately 807 sq ft) and likely requires some refurbishment or modernisation to maximise rental value. Prospective buyers should arrange a full inspection and review tenancy documentation; tenants wish to remain and a buyer will inherit the existing tenancy arrangement.
This is best suited to investors or developers targeting steady income and potential uplift through refurbishment or portfolio expansion. Its current gross yield (approx. 8.8% based on the stated rent and price) offers an immediate return, but value growth and tenant churn may be influenced by local socio-economic factors.
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