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Farebrother street, Grimsby, Lincolnshire - Image 1
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Farebrother street, Grimsby, Lincolnshire

Yorkshire

£45,000
Listed on 26/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
957 sqft

Description

This property presents a valuable investment opportunity, ideal for families looking to expand their living space and add personal style. Located in a well-connected residential neighbourhood in Yorkshire, the home is conveniently close to local amenities and transport options, ensuring practicality for daily life. There is significant potential for modernization, allowing new owners to enhance the interior according to their taste and needs. Upon entering the property, you're greeted by an inviting hallway that flows into a bright reception area boasting a bay window that invites natural light. This space seamlessly transitions into a second section, making it perfect for both relaxation and dining. The existing kitchen offers adequate worktop space and storage while providing access to the outdoor area and a ground floor bathroom—an essential feature for busy households. The first floor continues to offer spacious accommodation with a principal bedroom featuring built-in storage, alongside other adaptable bedrooms that can cater to family needs, guest arrangements, or home office setups. A second bathroom on this level adds practical convenience. Outside, the rear garden is designed for low maintenance but offers opportunities for creative enhancement. The front of the property features a charming boundary wall with gated access. With its generous layout and potential for significant upgrades, this home is an exciting blank canvas waiting for your vision. Viewing is highly recommended to fully appreciate what this property has to offer.

Investment Analysis

(DN32 area)

Below Market Value

This property is priced -51.8% below area average per sq ft

-51.8%
Potential saving
This Property
£47/sq ft
Area Average
£98/sq ft
Avg Rent (weekly)
£143
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£102,638
10% above area average per sq ft
Potential ROI
+28.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (DN32)

Area prices are falling by -2.6% over the last 12 months
3 year growth: -7.1%
5 year growth: +3.1%
Investment Disclaimer: Analysis based on DN32 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

Farebrother 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
£162
Based on a loan of £33,750 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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