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Blundell Avenue, Cleethorpes

Yorkshire

£115,000
Listed on 08/04/2026

Property Details

Bedrooms
5
Type
Terraced
Area
1242 sqft

Description

This five-bedroom HMO property presents a significant investment opportunity, catering to those looking to enter or expand within the rental market. Situated in the desirable Blundell Avenue area, this spacious home is conveniently located near local amenities, public transport links, and is just a short walk from Cleethorpes Sea Front. The property features an inviting entrance hallway leading into a reception room and two downstairs bedrooms, alongside a modern kitchen equipped with ample units and space for appliances. Additionally, it includes a practical downstairs cloakroom. On the first floor, a generous landing provides access to three further double bedrooms and an additional bathroom suite complete with a shower cubicle. Outside, both front and rear gardens offer potential for enhancement; the rear garden is particularly appealing for outdoor activities during sunny days. With gas central heating and double glazing already in place, this chain-free sale comes fully licensed as an HMO, making it ideal for investors seeking immediate rental income or those aiming to make strategic updates to maximize returns.

Investment Analysis

(DN35 area)

Below Market Value

This property is priced -45.0% below area average per sq ft

-45.0%
Potential saving
This Property
£93/sq ft
Area Average
£169/sq ft
Avg Rent (weekly)
£157
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£230,205
10% above area average per sq ft
Potential ROI
+64.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DN35)

Area prices are stable by -1.4% over the last 12 months
3 year growth: +0.2%
5 year growth: +7.7%
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

Blundell Avenue, Cleethorpes
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£407
Based on a loan of £86,250 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.

Stamp Duty Calculator

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