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Wellington Street, Grimsby, Lincolnshire, DN32 - Image 1
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Wellington Street, Grimsby, Lincolnshire, DN32

Yorkshire

£45,000
Listed on 01/05/2026

Property Details

Bedrooms
2
Type
Apartment

Description

This property presents a unique investment opportunity with two one-bedroom flats situated on Wellington Street in Grimsby. While both units currently require significant modernization, this presents an excellent chance for investors to enhance the living spaces to meet contemporary rental standards and boost their value. Positioned in a well-established residential area, the potential for attractive rental yields post-refurbishment is considerable. The ground floor flat features a spacious living room with a gas fire and separate kitchen, while the first floor offers similar amenities with added character. Each unit has access to communal areas and private outdoor spaces, allowing for further enhancement of their appeal. This project is ideally suited for buyers looking to capitalize on the growing rental market in the region.

Investment Analysis

(DN32 area)
Area Average
£98/sq ft
Avg Rent (weekly)
£144
Avg Yield
6.9%

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
37
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (DN32)

Area prices are falling by -6.6% over the last 12 months
3 year growth: -7.5%
5 year growth: -4.0%
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

Wellington Street, Grimsby, Lincolnshire, DN32
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£161
Based on a loan of £33,750 over 30 years at 3.97% 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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