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Corporation Road, Grimsby, Lincolnshire, DN31 - Image 1
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Corporation Road, Grimsby, Lincolnshire, DN31 - Image 3
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Corporation Road, Grimsby, Lincolnshire, DN31 - Image 5
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Corporation Road, Grimsby, Lincolnshire, DN31 - Image 7
Corporation Road, Grimsby, Lincolnshire, DN31 - Image 8
Corporation Road, Grimsby, Lincolnshire, DN31 - Image 9

Corporation Road, Grimsby, Lincolnshire, DN31

Yorkshire

£50,000
Listed on 30/01/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace house in Grimsby offers a significant refurbishment opportunity for buyers seeking to add value through renovation. The property features a living room, dining area, kitchen, and bathroom along with three bedrooms, all awaiting modern updates. With an Energy Performance Certificate (EPC) rating of E and situated within Council Tax Band A, the house provides an excellent base for investors. Once renovations are completed, it is estimated to achieve a rental income of approximately £650 per month, with a notable gross yield of 15.6%. The absence of any onward chain simplifies the purchase process. Located conveniently near the town center, this property is well-connected to various amenities including shops and leisure facilities at Freshney Place Shopping Centre. Educational institutions and parks are also within reach, adding to the area's family-friendly appeal. This home presents a promising project for those looking to invest in Grimsby’s evolving housing market and enhance its potential through thoughtful improvements.

Investment Analysis

(DN31 area)
Area Average
£90/sq ft
Avg Rent (weekly)
£137
Avg Yield
9.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (DN31)

Area prices are falling by +12.9% over the last 12 months
3 year growth: -15.1%
5 year growth: 11.4%
Investment Disclaimer: Analysis based on DN31 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

Corporation Road, Grimsby, Lincolnshire, DN31
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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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE