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Lord Street, Grimsby, DN31

Yorkshire

£45,000Guide Price

Listed on 11/11/2026

The listing

Property details

Bedrooms
N/A
Type
Mixed Use

Features

  • Garage
  • Tenanted

Description

Offered at auction, this end-terrace property in Grimsby is arranged as two self-contained flats, a former ground-floor shop and a rear garage. The ground-floor flat has a kitchen, shower room, living room, hallway and one bedroom. It has double glazing and gas-fired central heating, is occupied by a long-standing tenant, and is described as needing comprehensive refurbishment and modernisation. The stated rent is £4,380 per year. The first-floor flat is reached from its own ground-floor entrance and staircase. It comprises a living room, two bedrooms, a kitchen and a wet room, and is described as requiring updating. Its stated rent is £6,000 per year. The former shop, previously used as a sandwich shop, is currently let for storage; the shop and garage together are stated to generate £2,580 per year. The listing reports combined annual rent of £12,960. It also identifies possible options to refurbish the shop for commercial use or incorporate it into the ground-floor flat, subject to the necessary planning and building regulations consents. The property has a small side yard and a garage to the rear. The listing states an EPC rating of C. Any change of use or alteration would need its feasibility and required consents checked.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

45out of 100
Grade ELow opportunity

Confidence: LOW

At a £45,000 starting bid, this is a substantial multi-part project: two self-contained flats, a former shop and a rear garage, with current rental income described in the listing. The floor area is missing, so value versus local £/sqf cannot yet be judged; the score is therefore cautious rather than a verdict that the price is dear. This is online bidding, and bids can take the hammer above the guide, so the eventual price may not stay this cheap.

The photographs show worn and dated finishes across several interiors, including two kitchens and wet-room areas, alongside an overgrown side yard and aged rear areas. There is plenty of scope to reshape and improve the accommodation, with possible incorporation of the former shop into the ground-floor flat subject to consents. Overall, the project has clear potential, but the missing floor area and the scale of work keep the WHOTS rating low.

Key opportunities

  • Rework the two-flat accommodation and improve its dated finishes, with scope to make better use of the generously proportioned first-floor space.
  • Explore incorporating the former shop into the ground-floor flat, or improving it for commercial use, subject to the necessary consents.
  • Improve the overgrown side yard and rear hardstanding, and make better use of the rear garage and access areas.

Key risks

  • Stripped-back finishes are not shown, but the worn interiors, damaged wall finish and exposed pipework point to a heavy multi-area programme; plan for a substantial interior rebuild and coordinated works rather than a cosmetic refresh.
  • Standing water is visible on the rear hardstanding, and the yard, garage and boundary areas appear aged; their condition and drainage need inspection.

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Map

Location

Lord Street, Grimsby, DN31
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Transport

Nearest stations

  • Grimsby Town Rail Station

    0.3 miles

    Train · Grimsby

  • Grimsby Docks Rail Station

    0.9 miles

    Train · East Marsh

  • New Clee Rail Station

    1.4 miles

    Train · East Marsh

  • Great Coates Rail Station

    1.7 miles

    Train · Great Coates

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£184
Based on a loan of £33,750 over 30 years at 5.13% 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.

Tax

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Indicative tax based on the asking price and the options you select.

This calculation uses non-residential (land/commercial) tax rates.

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