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Lovett Street, Cleethorpes

Yorkshire

£74,950
Listed on 25/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
881 sqft

Description

This two-bedroom mid-terrace house presents a promising opportunity for investors or those looking to undertake a renovation project. The property is sold with no forward chain, enabling a smooth acquisition process. While it requires some updating, the existing features provide a strong foundation for modernization and personalization. Upon entering, you are greeted by an entrance porch that opens into a hallway leading to the main living areas. The open-plan lounge and dining area are positioned at the front of the home, creating a versatile space that can be configured to suit various lifestyle needs. At the rear, the generously sized kitchen offers great potential with ample room for improvements and customization, including space for modern appliances and a breakfast bar setup. The ground floor also includes a convenient WC, enhancing functionality. Moving upstairs, you'll find two well-proportioned double bedrooms. The layout has been modified to feature a spacious family bathroom in place of the former third bedroom, equipped with both a corner bath and separate shower—a solid basis for further enhancement. Externally, the property benefits from front and rear gardens. The south-westerly aspect of the rear garden is particularly appealing, making it an ideal spot for outdoor activities or potential landscaping projects. Situated in a location that combines accessibility and community amenities, this house not only offers immediate comfort but also stands as an attractive investment opportunity due to its renovation potential. Early viewing is advised to fully appreciate the space and possibilities this property provides.

Investment Analysis

(DN35 area)

Below Market Value

This property is priced -48.9% below area average per sq ft

-48.9%
Potential saving
This Property
£85/sq ft
Area Average
£167/sq ft
Avg Rent (weekly)
£148
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£161,404
10% above area average per sq ft
Potential ROI
+61.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DN35)

Area prices are rising by +6.1% over the last 12 months
3 year growth: 4.2%
5 year growth: 17.0%
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

Lovett Street, Cleethorpes
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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
£275
Based on a loan of £56,212 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