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Farebrother Street, Grimsby

Yorkshire

£68,500
Listed on 19/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
948 sqft

Description

This versatile mixed-use property presents an excellent investment opportunity in a central location of Grimsby. The ground floor features a commercial unit that was previously utilized as a dog grooming salon, complete with a prominent shopfront that offers high visibility for prospective businesses. Additionally, there is a rear room that can serve as extra storage or workspace along with a convenient WC. Above, the first-floor one-bedroom flat provides well-structured living spaces, accessible through its own private entrance. It includes a spacious bay-fronted living room, fitted kitchen, double bedroom, and shower room—ideal for either tenants or owner-occupiers looking for comfort and convenience. The property also boasts an external outbuilding, adding further potential for storage or future development opportunities (subject to necessary planning permissions). While partially double glazed and ready for immediate occupation or letting, the property offers significant scope for renovation to enhance both its residential and commercial appeal.

Investment Analysis

(DN32 area)

Below Market Value

This property is priced -28.6% below area average per sq ft

-28.6%
Potential saving
This Property
£72/sq ft
Area Average
£101/sq ft
Avg Rent (weekly)
£136
Avg Yield
6.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£105,531
10% above area average per sq ft
Potential ROI
-2.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DN32)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -5.1%
5 year growth: 5.6%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£251
Based on a loan of £51,375 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE