Summary - 23 GRAFTON STREET GRIMSBY DN32 7RW
1 bed 1 bath Apartment
Immediate rental income from an existing tenant in a town-centre location.
Starting bid £30,000 via Secure Sale online bidding
Offered with a starting bid of £30,000 via online Secure Sale, this one-bedroom leasehold apartment is presented as a low-maintenance, let-ready investment. The flat is currently tenanted at £400pcm (since November 2024), providing immediate rental income and straightforward management for a buy-to-let investor or portfolio buyer.
The property includes uPVC double glazing and a gas central heating system, and benefits from a small front garden and proximity to Grimsby town centre and local amenities. The accommodation is conventionally laid out with a communal hallway, kitchen, living room, bedroom and shower room, in a mid-20th-century end-terrace building.
Important practical considerations are clear: the lease has 77 years remaining and the sale is leasehold — some mortgage lenders may refuse to lend against this term. The area shows high crime levels and marked deprivation, and the exterior and interiors will benefit from updating. Buyers should factor potential refurbishment and financing constraints into their plans.
This lot suits an investor comfortable buying at auction with immediate occupation by an existing tenant, or a buyer prepared to renovate and manage a refurbishment project in a hard-pressed urban area.
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