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Welholme Road, Grimsby, DN32

Yorkshire

£79,950
Listed on 12/10/2025

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom first-floor flat presents a unique opportunity for renovation and investment, set in a vibrant urban area close to essential amenities and public transport links. The property is being sold with the freehold included, making it an appealing prospect for both first-time buyers and seasoned investors looking to capitalize on its potential. Spanning a generous layout, the spacious reception room features dual aspect windows that flood the space with natural light. A traditional gas fireplace adds character and warmth, making it an inviting spot for relaxation or entertaining guests. The kitchen/diner area offers practical functionality, accommodating cooking and dining needs while providing a blank slate for modernization. The flat comprises two well-proportioned bedrooms; the larger room boasts built-in wardrobes and a charming fireplace adorned with original tile work. The second bedroom, also equipped with built-in storage, could be repurposed as a dressing room or home office, depending on individual needs. Both rooms retain classic features that lend themselves to personalized updates. The bathroom currently requires refurbishment but offers plumbing for a shower and is ready to be transformed into a modern retreat. Throughout the home, original timber sash windows contribute to its character, while gas heating ensures comfort during colder months. Additionally, the property includes a private garage that provides secure storage solutions and access to a shared garden space, enhancing outdoor living options without the burden of maintaining your own yard. With strong potential for enhancement and situated in a desirable location that promotes easy access to local parks, schools, and amenities, this flat represents an exceptional chance to create a personalized residence or add value through redevelopment initiatives. Its solid structural foundations coupled with its investment appeal make it an attractive option for those looking to realize their vision in a prime urban setting.

Investment Analysis

(DN32 area)
Area Average
£101/sq ft
Avg Rent (weekly)
£136
Avg Yield
6.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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

Welholme Road, Grimsby, DN32
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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
£293
Based on a loan of £59,962 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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