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Farebrother Street, Grimsby

Yorkshire

£59,950
Listed on 21/11/2025

Property Details

Bedrooms
1
Type
Terraced house
Area
1286 sqft

Description

This mid-terrace property on Farebrother Street, Grimsby, presents an attractive opportunity for investors and those looking to engage in property value enhancement. The layout features a ground-floor commercial space alongside a first-floor flat, both of which are ripe for modernization and redevelopment. The commercial unit is generously proportioned, complete with electrics, a walk-in chiller, and a WC - providing a foundation for various business ventures or rental income potential. Access to the first-floor flat is through a private entrance from the rear garden. While the interior requires significant updating, it consists of well-sized rooms including a lounge, bedroom, bathroom, and kitchen-diner with adequate plumbing. Additionally, there’s a loft room that can be transformed into useful extra space according to your needs. Overall, this mixed-use property benefits from its location within a well-established residential area close to essential amenities and transport links. It offers ample renovation potential for those willing to invest in improvements and create additional value in this increasingly popular part of Grimsby.

Investment Analysis

(DN32 area)

Below Market Value

This property is priced -52.2% below area average per sq ft

-52.2%
Potential saving
This Property
£47/sq ft
Area Average
£98/sq ft
Avg Rent (weekly)
£143
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£137,924
10% above area average per sq ft
Potential ROI
+45.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (DN32)

Area prices are falling by -2.6% over the last 12 months
3 year growth: -7.1%
5 year growth: +3.1%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£216
Based on a loan of £44,962 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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