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Welholme Road, Grimsby, DN32

Yorkshire

£350,000
Listed on 30/04/2026

Property Details

Bedrooms
N/A
Type
House
Area
4423 sqft

Description

This substantial period property, prominently located at a corner position with views of the scenic People’s Park, presents a unique opportunity for renovation and redevelopment. Previously functioning as a children's care facility, the residence boasts an array of original features such as sash windows, period fireplaces, and detailed woodwork. These characteristics provide an excellent foundation for any restoration project that aims to preserve its historical charm while modernizing its functionality. Spanning several floors, the internal layout is extensive and adaptable. The ground floor comprises multiple spacious reception rooms, bedrooms, bathrooms, and a kitchen; all areas that can be reimagined for residential or commercial use. The first floor continues this theme with additional bedrooms and living spaces that lend themselves to reconfiguration into self-contained units or communal living arrangements. On the second floor, further bedroom accommodation is available along with a communal bathroom and an extra kitchen—ideal for conversion into apartments or supported living environments. Externally, the property benefits from side access via Abbey Park Road alongside off-street parking facilities. The block-paved patio and front lawn area are complemented by existing mature shrubbery, enhancing the overall appeal of the site. Its advantageous location opposite People’s Park enhances desirability in this well-established residential neighbourhood. With its ample space and elegant character, this property is well-positioned for conversion back into a grand family home or for transformation into multiple flats or an HMO (subject to requisite planning approvals). This rare offering is an exceptional prospect for developers or investors looking to add significant value through thoughtful refurbishment.

Investment Analysis

(DN32 area)

Below Market Value

This property is priced -19.2% below area average per sq ft

-19.2%
Potential saving
This Property
£79/sq ft
Area Average
£98/sq ft
Avg Rent (weekly)
£144
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£476,556
10% above area average per sq ft
Potential ROI
+1.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (DN32)

Area prices are falling by -6.6% over the last 12 months
3 year growth: -7.5%
5 year growth: -4.0%
Investment Disclaimer: Analysis based on DN32 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Welholme Road, Grimsby, DN32
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,249
Based on a loan of £262,500 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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