Grimsby Road, Cleethorpes, DN35
Yorkshire
£95,000
Listed on 20/09/2026
Listed on 20/09/2026
The listing
Property details
Bedrooms
2Type
Block Of ApartmentsArea
635 sqftDescription
A freehold property arranged as two self-contained flats, each with two bedrooms. The ground-floor flat has a living room, kitchen, two bedrooms, bathroom and separate WC, while the first-floor flat has a living room, kitchen, two bedrooms and bathroom. The listing describes the property as requiring refurbishment and general improvement.
The property is on Grimsby Road, with local shops, public transport and road links serving Cleethorpes and Grimsby. The seller's stated rental estimate is around £500 per month for each flat, or £1,000 per month combined. The EPC is stated as C. The existing two-flat arrangement and freehold title may suit a purchaser assessing a refurbishment project, subject to checking the legal, building and rental details.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
42out of 100
Grade ELow opportunity
Confidence: MEDIUM
At £95,000, this is priced below the local average per square foot, giving buyers a relatively cheap entry point for a freehold property already arranged as two self-contained flats. That existing two-unit setup and the stated rental potential give the project a clear income-focused angle, while the EPC C rating is a useful starting point.
The interiors and rear courtyard show substantial wear, clutter and dated finishes, with ceiling staining visible in several areas. There is scope to rework the flats and improve their presentation, but this is a heavy, multi-room programme rather than a cosmetic refresh. Crucially, even with the attractive entry price, the purchase plus substantial works would leave costs stretched against local benchmarks for this floor area; that comparison is with current local values, not a forecast of post-works value.
Key opportunities
- Build on the existing two-flat arrangement to create two more appealing rental units, subject to confirming the configuration and condition.
- A substantial interior programme gives scope to renew worn finishes across both units and improve the presentation of the kitchens and bathrooms.
- Clear and improve the paved rear courtyard, turning a neglected outdoor area into a tidier, more usable space.
Key risks
- The asking price plus a substantial works programme leaves the project costs stretched against local benchmarks for a property of this floor area.
- Worn, cluttered interiors and staining across several areas point to a heavy, multi-room programme; allow for a longer, more involved job than a cosmetic refresh.
- Purchase plus the works band looks tight with the asking price plus a meaningful modernisation spend, about 39% ahead of typical local benchmarks for this size, so margin after refurbishment is unproven.
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Transport
Nearest stations
New Clee Rail Station
0.6 miles
Train · East Marsh
Cleethorpes Rail Station
1.0 miles
Train · Cleethorpes
Grimsby Docks Rail Station
1.1 miles
Train · East Marsh
Grimsby Town Rail Station
1.6 miles
Train · Grimsby
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
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%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£359
Based on a loan of £71,250 over 30 years at 4.45% 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.
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