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Mill Road, Cleethorpes

Yorkshire

£75,000
Listed on 06/03/2026

Property Details

Bedrooms
1
Type
Flat
Area
667 sqft

Description

Located in the sought-after conservation area of Cleethorpes, this spacious one-bedroom first-floor flat presents an appealing project for investors or individuals looking to make their mark. The property's proximity to the town centre ensures easy access to a variety of local amenities and transport links, alongside the scenic seafront promenade, enhancing its desirability for both rental and owner-occupier markets. The layout boasts generous living spaces that are currently in need of some modernization but allow for creative renovations to unlock significant value. A welcoming entrance leads to a sizeable lounge/dining area that benefits from abundant natural light and original features. The separate kitchen offers a blank canvas ideal for upgrades, while the well-sized bathroom and double bedroom provide comfortable accommodation. Externally, the manageable front garden adds practical outdoor space without excessive maintenance demands. Given similar properties achieving rental figures around £600 per month in good condition, this flat represents a worthwhile buy-to-improve-and-let or buy-to-renovate-and-resell opportunity.

Investment Analysis

(DN35 area)

Below Market Value

This property is priced -33.5% below area average per sq ft

-33.5%
Potential saving
This Property
£112/sq ft
Area Average
£169/sq ft
Avg Rent (weekly)
£157
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£124,105
10% above area average per sq ft
Potential ROI
+24.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
76%
Properties sold annually

Local Market Trend (DN35)

Area prices are stable by +2.0% over the last 12 months
3 year growth: +3.1%
5 year growth: +11.7%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£270
Based on a loan of £56,250 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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