Affordable investment with tenants in place and immediate rental income potential.
Tenants in situ generating £7,140 pa rental income
Compact modern end-terrace — 603 sq ft, built c.2003–2006
Gas central heating and double glazing throughout
Private courtyard parking and small front and rear gardens
Located close to Grimsby town centre and A180 transport links
High local crime and very deprived area — impacts rental risk
Tenure and council tax band not provided — confirm before purchase
Small plot and compact layout may limit long-term growth
A compact, modern end-terrace built in the mid-2000s, offered with tenants in situ delivering a current rent of £7,140 per annum. The property has practical modern fittings: gas central heating, double glazing, a fitted breakfast kitchen, ground-floor cloakroom and private courtyard parking to the rear. With 603 sq ft of living space, it suits investors looking for a straightforward, low-maintenance let close to the town centre.
There are clear positives for an investor: reliable mains gas heating, recent-style construction, fast broadband and excellent mobile signal, plus proximity to the A180 and local amenities. The nearby primary and secondary schools have Good Ofsted ratings, which supports tenant demand from families and working households.
Buyers should note several material drawbacks. The surrounding area records high crime and very high deprivation indicators, which can affect rental values and tenant turnover. Tenure is not stated, and council tax band is unknown — both important to confirm. The plot is small and the property is compact, so long-term value growth may be limited compared with larger family homes.
Overall this is a pragmatic investment pick for someone seeking an immediate income stream and low-maintenance asset. Carrying out due diligence on tenure, local management costs, and obtaining a rental survey will be important next steps before purchase.
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