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266 Heneage Road, Grimsby DN32 9NP - Image 1
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266 Heneage Road, Grimsby DN32 9NP

Yorkshire

£15,000
Listed on 18/04/2026

Property Details

Bedrooms
N/A
Type
Not Specified

Description

This mixed-use property located on a prominent thoroughfare in Grimsby presents an excellent investment opportunity for those looking to capitalize on the area's rental demand. The property features a commercial ground floor, previously operated as a café/takeaway, paired with a two-bedroom flat on the first floor. While the property requires renovation, it boasts spacious and versatile accommodations that can be reimagined to maximize functionality. With potential rental income estimated at around £15,000 per annum across both units, this property is well-positioned to provide a strong return following appropriate upgrades. The surrounding area is primarily residential, coupled with various amenities and convenient transport links to nearby locations such as Cleethorpes and Hull, making it attractive for future tenants. This could be an ideal project for investors looking to enhance value through strategic improvements.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

266 Heneage Road, Grimsby DN32 9NP
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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
£53
Based on a loan of £11,250 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.

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