- VIDEO VIEWING AVAILABLE
- Immediate "Exchange Of Contracts" Available
- Sold Via "Secure Sale"
- Spacious mid-terrace property recently refurbished and arranged as two self-contained flats
- Ground floor flat: living room, kitchen, lobby, two bedrooms and bathroom
- First floor flat: living room, kitchen, three bedrooms and bathroom
- Both flats benefit from UPVC double glazing throughout
- Separate gas central heating systems to each flat
- Estimated rental income of £425-£450 pcm per flat (£10,800 annum combined)
- Gross yield in the region of 8.16%-8.64%, subject to buyer due diligence
3 Bedroom Not Specified for sale in Lincolnshire
1
3
1
**BEING SOLD VIA SECURE SALE ONLINE BIDDING. Terms & Conditions apply. - STARTING BID £105,000**
16 Grimsby Road, Cleethorpes presents an excellent investment opportunity, offered for sale by auction.
This spacious mid-terrace property has been converted to provide two recently refurbished self-contained residential flats, each with independent access to services, UPVC double glazing and their own gas central heating systems.
The ground floor flat comprises a living room, kitchen, inner lobby, two bedrooms and a bathroom fitted with a white suite. The first floor flat offers a living room, kitchen, three bedrooms and a bathroom, making it particularly attractive to families or shared occupiers.
The property is considered ideal for buy-to-let investors. Based on current market conditions, each flat is estimated to achieve rental income in the region of £425-£450 per calendar month, providing a combined gross income of approximately £850-£900 per month or £10,800 per annum. At the guide price, this represents a gross yield in the region of 8.16%-8.64%. Interested parties are advised that these figures are for guidance only and that they should carry out their own due diligence in respect of rental values and yields.
Located on Grimsby Road, the property benefits from a convenient position close to Cleethorpes town centre, local amenities, public transport links and the seafront, supporting strong ongoing rental demand.
Offered by way of auction, this would be a solid, income-producing asset with scope for long-term return and future growth, subject to a buyer’s own investment strategy.
The flats are held on Leasehold titles with the added option to purchase the Freehold on completion.
Important Information
- This is a Leasehold property.
- The annual cost for the ground rent on this property is £25
- This Council Tax band for this property is: A
- EPC Rating is C
Property Ref: GRS251658
Similar Properties
2 Bedroom Terraced House | Fixed Price £105,000
VIDEO VIEWING AVAILABLE - Superb mid-terrace house lying at the heart of the resort of Cleethorpes. Stylishly presented...
2 Bedroom Flat | Asking Price £105,000
A 2 bedroomed duplex apartment in this established location. currently let on an Assured Shorthold Tenancy Agreement wit...
3 Bedroom Terraced House | £105,000
Spacious three-bedroom mid-terrace home arranged over two floors, offering excellent potential for first-time buyers or...
Flat | £107,500
VIDEO VIEWING AVAILABLE - ATTENTION INVESTORS - Jackson, Green and Preston are delighted to offer to the market this inv...
Retail Property (High Street) | £107,500
VIDEO VIEWING AVAILABLE - ATTENTION INVESTORS - Jackson, Green and Preston are delighted to offer to the market this inv...
2 Bedroom Ground Floor Flat | Asking Price £108,000
NO CHAIN - Well-presented 2-bed ground floor flat in sought-after Wellow Conservation Area, close to the town centre. No...
Jackson Green & Preston (Grimsby)
19 West Saint Marys Gate, Grimsby, Lincolnshire, DN31 1LE
01472 311 113
How much is your home worth?
Use our short form to request a valuation of your property.
Request a Valuation
©2026 The Guild of Property Professionals. All rights reserved.
Terms and Conditions |
Privacy Policy |
Cookie Policy |
Complaints Policy |
Members Login
The Guild of Property Professionals Trading Address: 121 Park Lane, London W1K 7AG. GPEA Limited.
Registered in England & Wales.
Company No: 02819824.
Registered Office Address: 2 St. Stephen's Court, St. Stephen's Road, Bournemouth, Dorset, England, BH2 6LA.
VAT Registration No: 576 8795 61
