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Castle Street, Grimsby, DN32

Yorkshire

£60,000

Listed on 01/04/2026

Property details

Bedrooms
3
Type
Terraced
Area
1012 sqft

Description

This three-bedroom mid-terrace house represents an appealing opportunity for buy-to-let investors. Located in a well-established area of Grimsby Town Centre, the property is currently generating a rental income of £120 per week, equating to £6,240 annually. While the accommodation features two spacious reception rooms, a kitchen, a ground floor bathroom, and three bedrooms, it requires some modernization to maximize its investment potential. The home also benefits from front and rear gardens and is primarily uPVC double glazed with gas central heating. Viewings are encouraged to appreciate the space and potential this property holds.

Investment analysis

(DN32 area)

Below Market Value

This property is priced -41.9% below area average per sq ft

-41.9%
Potential saving
This Property
£59/sq ft
Area Average
£102/sq ft
Avg Rent (weekly)
£149
Avg Yield
6.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£113,602
10% above area average per sq ft
Potential ROI
+33.6%
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

Castle Street, Grimsby, 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
£227
Based on a loan of £45,000 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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