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Thomas Street, Grimsby, Lincolnshire, DN32 - Image 8

Thomas Street, Grimsby, Lincolnshire, DN32

Yorkshire

£36,000

Listed on 09/06/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom terraced house in Grimsby, Lincolnshire presents a solid investment opportunity for those looking to undertake renovations. The property features three generously sized double bedrooms, two reception areas, a kitchen, and a bathroom, all laid out to facilitate a spacious family living environment or an attractive rental option. The current condition of the house necessitates refurbishment, which provides prospective buyers the flexibility to customize the interior according to their vision and preferences. Located within the vibrant town of Grimsby, residents have access to a range of local amenities including shops, supermarkets, and markets such as Freeman Street. Educational institutions and healthcare services are also readily available in the vicinity. Transport links are robust with Grimsby Town railway station offering direct connections to major cities like Manchester and Sheffield, along with convenient bus routes serving nearby Cleethorpes. With its classification under Council Tax band A, this property is noted for its potential rental income of around £650 per month post-renovation, suggesting an appealing gross yield of approximately 21.7%. This terraced home holds promise for investors or homeowners eager to add value through thoughtful refurbishment.

Investment Analysis

(DN32 area)
Area Average
£98/sq ft
Avg Rent (weekly)
£143
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DN32)

Area prices are falling by -4.8% over the last 12 months
3 year growth: -5.0%
5 year growth: -5.9%
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

Thomas Street, Grimsby, Lincolnshire, DN32
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£136
Based on a loan of £27,000 over 30 years at 4.45% 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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