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Mill Road Cleethorpes

Yorkshire

£74,950

Listed on 05/03/2026

Property details

Bedrooms
2
Type
Flat
Area
622 sqft

Description

This one-bedroom flat, situated in the heart of Cleethorpes, offers a promising investment opportunity with substantial renovation potential. Nestled in a sought-after area, it is conveniently located within walking distance to vibrant local amenities and nightlife options. The layout includes an entrance porch, a kitchen with essential appliances space, a living room adorned with a charming feature fireplace and original bay window, two double bedrooms that can provide versatile usage, and a compact shower room. The property's exterior features a manageable front garden and an expansive south-facing rear garden complete with lawned areas, a patio for outdoor relaxation, and even a greenhouse for gardening enthusiasts. The private side passage enhances accessibility to the rear garden which further adds to the property's appeal. This flat requires some updates to maximize its rental or resale value—an ideal canvas for creative refurbishment that can enhance both aesthetics and functionality.

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Investment analysis

(DN35 area)

Below Market Value

This property is priced -27.2% below area average per sq ft

-27.2%
Potential saving
This Property
£120/sq ft
Area Average
£165/sq ft
Avg Rent (weekly)
£149
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£113,201
10% above area average per sq ft
Potential ROI
+13.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DN35)

Area prices are falling by -4.0% over the last 12 months
3 year growth: -1.1%
5 year growth: +6.9%
Investment Disclaimer: Analysis based on DN35 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

Mill Road Cleethorpes
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£283
Based on a loan of £56,212 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

Price History

-16.7% since listed
£74,950£5,000(-6.3%)
28/06/2026
Current price
£79,950£5,000(-5.9%)
18/06/2026
£84,950£5,000(-5.6%)
15/04/2026
£89,950Initial listing
06/03/2026

Next Steps

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