Summary - 9 SELMESTON COURT GRIMSBY DN34 4TB
2 bed 1 bath Apartment
Compact income property close to Grimsby town centre, garage and balcony included.
Currently let at £590 pcm, 8.85% gross yield
A two-bedroom purpose-built apartment in Selmeston Court, a short walk from Grimsby town centre, offers an immediate income stream and straightforward low-maintenance living. The flat is let at £590 pcm (8.85% yield) and includes a garage, balcony and a modern fitted kitchen and bathroom. At around 549 sq ft it is compact and suited to investors or professionals seeking a city-centre rental.
Important practical considerations: the property is leasehold with only 45 years remaining. This short lease is likely to prevent most mortgage lending and will affect resale value; buyers should budget for lease extension costs or be prepared to buy for cash. Annual service charge and ground rent are £1,250 and £10 respectively, and the block dates from the late 1960s–1970s and shows mid-century construction details.
Location benefits include fast broadband, excellent mobile reception and proximity to local amenities, schools and transport. Drawbacks include a high local crime rate and a very deprived wider area classification, which may influence tenant demand and long-term capital growth. The property will be sold at auction via secure online bidding — check auction terms and completion timelines before bidding.
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