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Anderson Street, Grimsby, Lincolnshire

Yorkshire

£50,000
Listed on 20/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
874 sqft

Description

This mid-terraced home presents a significant opportunity for cash buyers looking to invest or undertake a renovation project. Located in a well-established residential area of Grimsby, this property features spacious living areas and three bedrooms, all with excellent potential for modernisation. The open-plan living and dining area is bright and adaptable, making it ideal for both family life and entertaining guests. There’s considerable scope to enhance the layout or contemporary design as you see fit. The kitchen currently offers basic functionality but could be transformed into a modern culinary space with some updates. The ground floor includes a practical bathroom fitted with a three-piece suite, which also could benefit from refurbishment. On the upper level, the three bedrooms are well-proportioned, catering to various needs such as family living, guest accommodation, or even a home office setup. Overall, the property's current configuration allows for flexibility and improvement that could significantly enhance its appeal. Outside, the enclosed rear garden provides private outdoor space that can be landscaped or improved according to personal preferences. The property’s location is advantageous, being within proximity to Grimsby town centre's amenities, schools suitable for families and good transport links to Cleethorpes and beyond. This presents an excellent investment proposition, particularly for those targeting the rental market.

Investment Analysis

(DN31 area)

Below Market Value

This property is priced -37.0% below area average per sq ft

-37.0%
Potential saving
This Property
£57/sq ft
Area Average
£91/sq ft
Avg Rent (weekly)
£139
Avg Yield
9.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£87,343
10% above area average per sq ft
Potential ROI
-3.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (DN31)

Area prices are falling by -12.7% over the last 12 months
3 year growth: -14.5%
5 year growth: +11.7%
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

Anderson Street, Grimsby, Lincolnshire
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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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