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Algernon Street, Grimsby

Yorkshire

£90,000

Listed on 03/07/2026

Property details

Bedrooms
3
Type
End Of Terrace
Area
575 sqft

Description

This end-terrace property, arranged into two self-contained flats, presents a remarkable investment opportunity for those looking to enhance their portfolio or explore income-generating options. Although the property requires a comprehensive modernization throughout, each flat offers excellent potential for improvements tailored to individual preferences. The ground floor flat features a spacious lounge perfect for both living and dining arrangements, alongside a kitchen equipped with fitted units. It boasts two comfortable bedrooms and a bathroom, while the enclosed rear garden offers an outdoor space ripe for landscaping or recreational use. On the first floor, the second flat provides a well-designed layout with a lounge, kitchen, double bedroom, and bathroom. Additionally, it includes a small front garden area that could be improved to create an inviting entryway. Both units require updating but offer practical configurations that can significantly enhance rental yields or future resale value. This property allows for various strategies—whether maintaining it as two separate rental units or renovating it for long-term gain—making it a versatile choice in today’s market. Located conveniently near local amenities, shops, schools, and transport links, this property is situated in a desirable residential area where opportunities for investment are becoming increasingly competitive. Early viewing is encouraged to fully appreciate the renovation potential and flexibility this property offers.

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Investment analysis

(DN32 area)

Above Market Value

This property is priced +53.4% above area average per sq ft

+53.4%
This Property
£157/sq ft
Area Average
£102/sq ft
Avg Rent (weekly)
£149
Avg Yield
6.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£64,547
10% above area average per sq ft
Potential ROI
-53.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DN32)

Area prices are falling by -6.6% over the last 12 months
3 year growth: -4.6%
5 year growth: -8.6%
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

Algernon Street, Grimsby
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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
£340
Based on a loan of £67,500 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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