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Farebrother Street, Grimsby

Yorkshire

£59,950
Listed on 21/11/2025

Property Details

Bedrooms
1
Type
Terraced
Area
1286 sqft

Description

Situated on Farebrother Street in Grimsby, this mid-terrace property presents a valuable investment opportunity for those interested in a mixed-use setup. The building features a ground-floor commercial space alongside a first-floor flat that is currently in need of refurbishment, making it an ideal project for enhancing value. The commercial unit boasts a generous layout with numerous possibilities, including existing amenities like electrics and a walk-in chiller. Meanwhile, the residential flat comprises a lounge, kitchen-diner, bedroom, and bathroom that all require modernisation. Noteworthy is the additional loft room which could serve various purposes from storage to a home office. This property’s advantageous location in an established residential neighborhood ensures steady footfall and proximity to essential services and transport links. With the right renovations, there is considerable potential for both improved rental income or personal use. Additionally, the opportunity to purchase an adjacent property could allow for the creation of an expanded commercial unit, further increasing investment appeal.

Investment Analysis

(DN32 area)

Below Market Value

This property is priced -53.2% below area average per sq ft

-53.2%
Potential saving
This Property
£47/sq ft
Area Average
£100/sq ft
Avg Rent (weekly)
£139
Avg Yield
6.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£141,036
10% above area average per sq ft
Potential ROI
+41.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DN32)

Area prices are falling by -4.0% over the last 12 months
3 year growth: -7.0%
5 year growth: -0.3%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£212
Based on a loan of £44,962 over 30 years at 3.91% 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

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