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Castle Street, Grimsby, DN32

Yorkshire

£60,000
Listed on 01/04/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom mid-terrace house offers a substantial opportunity for buy-to-let investors or those looking to put their own stamp on a property. Located in a well-established area of Grimsby Town Centre, the home is currently generating rental income of £120 per week, amounting to an annual yield of £6,240. The interior features a welcoming entrance hall, two generous reception rooms, a kitchen, rear lobby, and ground-floor bathroom, along with three bedrooms on the upper floor. The space could benefit from modernisation to maximise its potential. Externally, there are front and rear gardens providing additional outdoor space. The property is equipped with uPVC double glazing and gas central heating. Given its current state and the scope for improvement, viewings are encouraged to appreciate the possibilities this property presents.

Investment Analysis

(DN32 area)
Area Average
£100/sq ft
Avg Rent (weekly)
£139
Avg Yield
6.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DN32)

Area prices are falling by -4.0% over the last 12 months
3 year growth: -7.0%
5 year growth: -0.3%
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

Castle Street, Grimsby, DN32
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£213
Based on a loan of £45,000 over 30 years at 3.91% 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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