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Grimsby Road, Cleethorpes

Yorkshire

£90,000
Listed on 28/12/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This property presents a valuable investment opportunity, encompassing a three-bedroom apartment on the top floor alongside a ground floor retail unit that is currently operational. The arrangement allows for simultaneous acquisition of both units in one transaction, with the residential flat being vacant and in need of some refurbishment. With potential rental yields of £600 per month for each unit, the property offers an attractive return for any prospective landlord or investor. The top-floor apartment is spacious and spread across two levels, featuring a generous reception area, a modern kitchen, a three-piece bathroom suite, and three well-sized bedrooms. The ground floor retail space includes a shop front along with storage areas and its own kitchenette, making it completely self-sufficient and well-located on the busy Grimsby Road. Conveniently situated just minutes from Grimsby Town Centre and Cleethorpes Sea Front, this property also benefits from close proximity to local amenities. With some enhancements to the residential flat, this investment could yield strong financial returns.

Investment Analysis

(DN35 area)
Area Average
£169/sq ft
Avg Rent (weekly)
£157
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
76%
Properties sold annually

Local Market Trend (DN35)

Area prices are stable by +2.0% over the last 12 months
3 year growth: +3.1%
5 year growth: +11.7%
Investment Disclaimer: Analysis based on DN35 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

Grimsby Road, Cleethorpes
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£325
Based on a loan of £67,500 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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