West Parade, Grimsby, Lincolnshire, DN31

This five-bedroom terraced house in Grimsby presents a noteworthy opportunity for investors, operating currently as an HMO with full occupancy from long-term tenants. Designed to accommodate five letting bedrooms along with a reception room, kitchen, and two bathrooms, the property is capable of generating a strong monthly rental income of £2,206, corresponding to an impressive gross yield of 19.6%. With an EPC rating of D and Council Tax band A, it already possesses valid HMO licensing until August 2025 and has full planning permission for continued operation as an HMO. This offers peace of mind for potential investors looking for compliance with local regulations. Located conveniently close to Grimsby's town centre, residents benefit from easy access to various shops and amenities, as well as recreational areas like People’s Park. Public transport links are robust, including regular bus services that connect to key destinations such as Cleethorpes and Lincoln, enhancing its appeal to tenants who commute or study in nearby regions. The property not only serves as a reliable investment currently but also holds significant potential for further enhancement or reconfiguration to maximize profitability.