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Lambert Road, Grimsby, Lincolnshire, DN32 - Image 1
Lambert Road, Grimsby, Lincolnshire, DN32 - Image 2
Lambert Road, Grimsby, Lincolnshire, DN32 - Image 3
Lambert Road, Grimsby, Lincolnshire, DN32 - Image 4
Lambert Road, Grimsby, Lincolnshire, DN32 - Image 5
Lambert Road, Grimsby, Lincolnshire, DN32 - Image 6
Lambert Road, Grimsby, Lincolnshire, DN32 - Image 7
Lambert Road, Grimsby, Lincolnshire, DN32 - Image 8
Lambert Road, Grimsby, Lincolnshire, DN32 - Image 9
Lambert Road, Grimsby, Lincolnshire, DN32 - Image 10

Lambert Road, Grimsby, Lincolnshire, DN32

Yorkshire

£50,000
Listed on 14/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1033 sqft

Description

This end-terrace property offers an intriguing opportunity for renovation and investment. Previously functioning as a shop with living quarters above, it is situated at the intersection of Lambert Road and Sixhills Street, within a well-established residential neighborhood. Its location provides convenient access to Grimsby town center and various local amenities, making it appealing for potential tenants or buyers. The building is in need of substantial refurbishment but holds significant redevelopment potential. With two bedrooms on the upper floor and a spacious ground floor that includes sales and living areas, there is ample room to reconfigure the layout to meet modern standards. Notably, a large two-storey outbuilding at the rear adds further possibilities; planning permission for its conversion into a separate residential unit was previously granted, though it has since lapsed. Renewing this consent could enhance the property's value and functionality. The layout features include a sales area on the ground floor measuring 4.29m x 3.84m, along with additional living spaces that could be redesigned to enhance livability or rental appeal. The first floor hosts two bedrooms (4.3m x 3.74m and 3.83m x 2.65m) and an area designated for a bathroom, which currently lacks fittings but presents a blank canvas for future renovations. Outside, gardens flank the front of the property while there is a yard at the rear—ideal for creating attractive outdoor spaces or increasing utility by developing off-street parking options. This property stands out as an excellent prospect for investors, developers, or builders looking to capitalize on its renovation potential in a location that benefits from both residential charm and accessibility to urban conveniences.

Investment Analysis

(DN32 area)

Below Market Value

This property is priced -51.0% below area average per sq ft

-51.0%
Potential saving
This Property
£48/sq ft
Area Average
£99/sq ft
Avg Rent (weekly)
£144
Avg Yield
6.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£112,210
10% above area average per sq ft
Potential ROI
-19.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (DN32)

Area prices are stable by -0.7% over the last 12 months
3 year growth: -3.1%
5 year growth: +7.6%
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

Lambert Road, Grimsby, Lincolnshire, DN32
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£180
Based on a loan of £37,500 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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