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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 property presents a unique investment opportunity in a central location of Grimsby, featuring a versatile mixed-use layout. The ground floor is currently configured as a commercial space, formerly a dog grooming salon, which boasts an expansive shop front that ensures high visibility for any business venture. Additionally, there is a separate room at the rear for extra work or storage, alongside a convenient WC. Above, the self-contained one-bedroom flat offers comfortable living space with its own private entrance. This unit includes a spacious bay-fronted living area, fitted kitchen, double bedroom, and shower room—making it suitable for both tenants and owner-occupiers. An added benefit of this property is the substantial outbuilding at the rear, which not only enhances storage capacity but also holds potential for development (subject to planning consent). While the property is partially double glazed and ready to be occupied or leased immediately, there remains significant scope for refurbishment and enhancement to maximize value and appeal in this thriving area. Located near various local amenities and transport links adds to its attractiveness for both residential and commercial use.

Investment Analysis

(DN32 area)

Below Market Value

This property is priced -46.2% below area average per sq ft

-46.2%
Potential saving
This Property
£53/sq ft
Area Average
£98/sq ft
Avg Rent (weekly)
£144
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£102,142
10% above area average per sq ft
Potential ROI
+13.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (DN32)

Area prices are falling by -6.6% over the last 12 months
3 year growth: -7.5%
5 year growth: -4.0%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£178
Based on a loan of £37,500 over 30 years at 3.97% 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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