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1-3 Dudley Street, Grimsby DN31

Yorkshire

£285,000
Listed on 05/11/2025

Property Details

Bedrooms
10
Type
Detached house

Description

This expansive property presents a unique opportunity for renovation and investment in a highly accessible location. Situated on a major trunk road, the building benefits from excellent visibility and proximity to the heart of Grimsby, with the town center just under a mile away. This central positioning enhances its appeal for various commercial or residential uses. The structure itself is significant, offering approximately 7,500 square feet of space across 30 rooms. As one approaches the property, its bold architecture commands attention, while the surrounding land provides ample outdoor space that could accommodate around 20 parking spaces—an advantageous feature in this bustling area. Internally, the layout is currently configured with a mix of room sizes on both the ground and first floors. The diverse arrangement suggests a variety of potential uses—from office spaces to living accommodations—making it an ideal candidate for conversion projects. With full planning approval already secured for six one-bedroom apartments, two two-bedroom apartments, and one three-bedroom apartment, the property is primed for development. Investors will appreciate the property’s potential to yield substantial returns, whether through resale or rental income. Its position within a growing local community—bolstered by ongoing investments from larger corporations—further enhances its attractiveness as an investment opportunity. The possibilities are extensive for those willing to explore them. This property is not just a building; it’s an open canvas awaiting vision and creativity. Those interested in viewing this rare offering should schedule an appointment through the agent, as it's sure to attract attention from savvy investors looking for their next project.

Investment Analysis

(DN31 area)
Area Average
£89/sq ft
Avg Rent (weekly)
£134
Avg Yield
9.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (DN31)

Area prices are falling by +8.2% over the last 12 months
3 year growth: -10.1%
5 year growth: 12.5%
Investment Disclaimer: Analysis based on DN31 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

1-3 Dudley Street, Grimsby DN31
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,044
Based on a loan of £213,750 over 30 years at 4.19% 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.

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