Summary - 66 HENRY STREET GRIMSBY DN31 2JA
2 bed 1 bath Terraced
Low-cost freehold with immediate rent and clear refurbishment upside.
End-terrace split into two one-bed flats, freehold ownership
Ground-floor flat let at £433 pcm; first-floor flat currently vacant
Detached rear garage previously let at £10pw, useful income or storage
Requires full cosmetic modernisation and exterior maintenance
Solid brick walls assumed uninsulated — insulation upgrade advisable
Small total size (~441 sq ft) and small plot, limited living space
Very deprived area with high crime — tenant demand but higher risk
Double glazing and gas central heating present, fast broadband & signal
A two-bedroom end-terraced property on Henry Street, offered freehold and currently split into two one-bedroom flats. The ground-floor flat is let long-term at £433 pcm; the first-floor flat is vacant, creating immediate letting potential or straightforward reconversion back to a single house. A detached rear garage provides extra income history and practical storage.
The house dates from the mid-20th century and has double glazing and gas central heating, but it needs modernization throughout. Exterior pebbledash and visible wear mean external maintenance and cosmetic updating are required. The solid brick walls are assumed to have no insulation, so upgrading thermal performance would be a sensible investment.
Location factors support rental demand but also present challenges: DN31 is a very deprived area with high crime statistics and constrained renter demographics. Broadband and mobile signal are excellent, council tax is very low, and several well-rated local schools are within reach — useful for family tenants or longer-term lets.
For an investor, this is a value-led opportunity to add a city-centre rental asset with immediate income from one flat and a vacant unit ready for refurbishment or re-letting. For a buyer seeking a DIY project, the property offers modest space (approx. 441 sq ft) and scope to improve energy efficiency, layout, and finish to add value.
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