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Development And Refurbishment Opportunity, Waltham Road, Scartho, Grimsby - Image 1

Development And Refurbishment Opportunity, Waltham Road, Scartho, Grimsby

Yorkshire

£600,000
Listed on 11/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a rare investment opportunity featuring three historic cottages alongside a generous 0.73 acre plot with Outline Planning Permission for the development of up to four new homes. Located in Scartho, this site is ideal for a developer or investor with a vision for both refurbishment and new construction. The existing cottages, which date back to 1911 and are nestled within the Scartho Conservation Area, have previously served as rental properties, providing potential for updating and enhancing their appeal while possibly extending their footprint upon obtaining necessary consents. With garages and additional outbuildings on-site, there’s ample space for creative redevelopment. The planning permission allows for the demolition of prior scout buildings, setting the stage for fresh builds laid out in an attractive semi-detached or terrace format. Buyers will need to pursue detailed designs and secure full planning approval post-purchase. This property combines historic charm with modern development potential, making it a compelling option for those looking to invest in a prime Yorkshire location.

Investment Analysis

(DN33 area)
Area Average
£198/sq ft
Avg Rent (weekly)
£178
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (DN33)

Area prices are rising by +5.5% over the last 12 months
3 year growth: +2.8%
5 year growth: +18.3%
Investment Disclaimer: Analysis based on DN33 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

Development And Refurbishment Opportunity, Waltham Road, Scartho, Grimsby
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Mortgage Calculator

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Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,164
Based on a loan of £450,000 over 30 years at 4.06% 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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