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4 Butt Lane, Laceby, Grimsby DN37 7AF - Image 1
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4 Butt Lane, Laceby, Grimsby DN37 7AF

Yorkshire

£35,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This semi-detached house presents a significant opportunity for investors and developers in the desirable village of Laceby, Grimsby. Located on the central Butt Lane, it provides convenient access to local amenities and transport routes, including proximity to Cleethorpes and the M180. The property is currently in need of refurbishment, making it an ideal candidate for renovation that could transform its potential into profitable rental income or redevelopment, subject to obtaining necessary planning permissions for HMO use. Given the high rental demand in this area, the potential annual yield could exceed £20,000. The spacious layout includes three bedrooms and ample living areas, situated on a generous plot with gardens and additional storage options. Properties in this vicinity have previously sold upwards of £165,000, underscoring the value-adding possibilities through renovations. Internal viewings are strongly recommended to fully appreciate its size and potential.

Investment Analysis

(DN37 area)
Area Average
£207/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DN37)

Area prices are falling by +7.1% over the last 12 months
3 year growth: 1.1%
5 year growth: 15.3%
Investment Disclaimer: Analysis based on DN37 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

4 Butt Lane, Laceby, Grimsby DN37 7AF
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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
£128
Based on a loan of £26,250 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