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Farebrother Street, Grimsby

Yorkshire

£50,000

Listed on 04/07/2025

Property details

Bedrooms
3
Type
Terraced
Area
948 sqft

Description

This mixed-use property presents a promising investment opportunity in a central location of Grimsby. Comprising a ground floor commercial space, previously operated as a dog grooming salon, and a well-furnished one-bedroom flat on the first floor, this asset offers both residential and commercial potential. The substantial shop front ensures excellent visibility for any business venture, while the rear room can serve as extra storage or workspace. The flat features a private entrance, a spacious living area with bay windows, a fitted kitchen, double bedroom, and shower room—ideal for tenants or personal use. Additionally, the sizeable outbuilding at the rear opens doors to further development possibilities subject to planning permissions. Although partially double glazed, some areas may benefit from modernisation. This property is conveniently located close to essential amenities and transport links, making it suitable for immediate occupation or rental while offering scope for enhancements.

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Investment analysis

(DN32 area)

Below Market Value

This property is priced -46.4% below area average per sq ft

-46.4%
Potential saving
This Property
£53/sq ft
Area Average
£98/sq ft
Avg Rent (weekly)
£143
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£102,612
10% above area average per sq ft
Potential ROI
+14.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DN32)

Area prices are falling by -4.8% over the last 12 months
3 year growth: -5.0%
5 year growth: -5.9%
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

Farebrother Street, Grimsby
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£189
Based on a loan of £37,500 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.

Stamp duty calculator

Price History

-28.6% since listed
£50,000£18,500(-27.0%)
18/04/2026
Current price
£68,500£1,500(-2.1%)
18/09/2025
£70,000Initial listing
04/07/2025

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