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Candletrees, Vaughan Avenue, Grimsby

Yorkshire

£400,000
Listed on 22/04/2026

Property Details

Bedrooms
5
Type
Detached
Area
2852 sqft

Description

This historic residence, one of the original constructions on Vaughan Avenue, offers a compelling opportunity for renovation and investment. Once a proud home for a trawler owner, this property has evolved over generations while carefully preserving its character. The house is characterized by its substantial layout and retro features that provide a nostalgic glimpse into its storied past. Vaughan Avenue stands as one of Grimsby’s most distinguished addresses, with an array of elegant homes set within spacious plots. Despite the passage of time and development in the surrounding area, this property retains its original prestige through its expansive gardens and prominent positioning. The interior boasts extensive accommodation ideal for family living, yet also presents exciting possibilities for modern adaptation or reconfiguration. Upon entering, you are greeted by a welcoming reception hall with large windows that fill the space with light and frame views over the well-established gardens. Living areas include a generous lounge connecting seamlessly to wrap-around patios via glazed doors, perfect for indoor-outdoor entertaining. There is also a formal dining room and a cozy reading room or library bathed in natural light from a lantern roof. At the heart of the home lies a kitchen breakfast room with adjoining pantry—an ideal candidate for transformation into an open-plan layout. The first floor features five well-sized bedrooms offering versatile accommodation options, many with charming dual-aspect windows. The family bathroom includes a sauna adding an extra layer of comfort, while the principal bedroom benefits from access to its own private veranda overlooking the serene gardens. The grounds themselves are noteworthy, showcasing mature trees such as firs and magnolia that enhance privacy while creating tranquil outdoor spaces. Expansive lawns and planting beds invite leisurely enjoyment; however, both the swimming pool and full-size tennis court currently require refurbishment but present excellent potential to become exceptional leisure amenities once restored. The secluded 'secret garden' adds an enchanting element to the outdoor space along with a Spanish-style outbuilding featuring covered seating—ideal for relaxation or storage. This property provides not only comfort but also proximity to well-regarded schools, local amenities, and green spaces like Weelsby Woods which enhances lifestyle offerings. While it requires substantial renovation work—a factor reflected in any financial considerations—it represents a rare opportunity to personalize and enhance a character-rich home on generous grounds. With imaginative solutions regarding internal layouts or external features, this residence could be transformed into an extraordinary bespoke space tailored to individual needs.

Investment Analysis

(DN32 area)

Above Market Value

This property is priced +40.7% above area average per sq ft

+40.7%
This Property
£140/sq ft
Area Average
£100/sq ft
Avg Rent (weekly)
£139
Avg Yield
6.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£312,779
10% above area average per sq ft
Potential ROI
-51.9%
After renovation
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

Candletrees, Vaughan Avenue, Grimsby
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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
£1,417
Based on a loan of £300,000 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.

Stamp Duty Calculator

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