Summary - 143 SECOND AVENUE GRIMSBY DN33 1NU
3 bed 2 bath Semi-Detached
Buy‑to‑let with long‑term tenants and immediate rental income.
3 bedrooms, 2 bathrooms in mid‑20th century semi‑detached house
A three-bedroom semi-detached red-brick home on Second Avenue, presented primarily as a buy‑to‑let opportunity with long‑term tenants in place. The property is freehold, has small front and rear garden areas, on‑street parking and produces an annual gross income of £8,400 from existing lets. Broadband and mobile signal are good and there is no recorded flood risk.
This is a clear investor proposition: tenants are currently residing long‑term and have a consistent payment history, which reduces void risk on purchase. The house sits in an area with strong rental demand but also faces social and economic challenges — the neighbourhood shows high crime levels and very high deprivation, which will affect tenant profiles, resale outlook and mortgage/insurance considerations.
Internally the home appears dated and will need modernisation to maximise rental value or to appeal to an owner‑occupier. The size and plot are small and images supplied are limited, so internal condition and exact room dimensions should be verified. A buyer’s premium will apply as part of the sale process.
Suitable for investors or developers prepared to manage a let property in a challenged local market. The combination of steady rental income, freehold tenure and simple mid‑20th century construction gives scope for modest capital improvement or hands‑off income, provided purchasers accept the area risks and maintenance/upgrade needs.
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