Worst House on the Street Logo
Farebrother Street, Grimsby - Image 1
Farebrother Street, Grimsby - Image 2
Farebrother Street, Grimsby - Image 3
Farebrother Street, Grimsby - Image 4
Farebrother Street, Grimsby - Image 5
Farebrother Street, Grimsby - Image 6
Farebrother Street, Grimsby - Image 7
Farebrother Street, Grimsby - Image 8
Farebrother Street, Grimsby - Image 9
Farebrother Street, Grimsby - Image 10
Farebrother Street, Grimsby - Image 11
Farebrother Street, Grimsby - Image 12
Farebrother Street, Grimsby - Image 13

Farebrother Street, Grimsby

Yorkshire

£59,950

Listed on 21/11/2025

Property details

Bedrooms
1
Type
Terraced
Area
1286 sqft

Description

This mid-terrace property on Farebrother Street in Grimsby presents an intriguing opportunity for investors and buyers interested in a mixed-use building with significant potential for value enhancement. Comprising a commercial unit on the ground floor and a first-floor flat, this property is situated in a well-established residential area that benefits from regular foot traffic and accessibility to local amenities. The first-floor flat features a spacious layout that needs modernization, including a lounge, kitchen-diner, bedroom, and bathroom. An additional loft room adds versatility for further utilization as storage, an office, or hobby space. The commercial unit boasts ample space and facilities, including electrics, a walk-in chiller, and WC, making it ideal for various business ventures. With the commercial aspect offering numerous possibilities alongside the residential accommodation primed for refurbishment, this property stands out as a strong investment opportunity in Grimsby’s promising market. Its proximity to transport links and the town centre enhances its practical appeal.

Interested in similar properties?

Get alerted when similar renovation and investment opportunities become available.

Investment analysis

(DN32 area)

Below Market Value

This property is priced -52.6% below area average per sq ft

-52.6%
Potential saving
This Property
£47/sq ft
Area Average
£98/sq ft
Avg Rent (weekly)
£143
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£139,197
10% above area average per sq ft
Potential ROI
+39.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DN32)

Area prices are falling by -4.8% over the last 12 months
3 year growth: -5.0%
5 year growth: -5.9%
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
Loading map...

Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£226
Based on a loan of £44,962 over 30 years at 4.45% 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

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates