£190,000 Guide price

7 bedroom Mid Terrace House for sale,
Grimsby Road, Cleethorpes, Lincolnshire, DN35

Sophie Grimes Branch Manager
Sophie Grimes
Branch Manager
Arrange a viewingSave

Features and Description

  • Seven one-bedroom apartments
  • All units fully tenanted
  • £32,232 annual rental income
  • 17% gross rental yield
  • Newly renovated throughout
  • Modern appliances included
  • Prime Cleethorpes location
  • Walking distance to seafront
  • Near shops, cafes, and parks
  • Close to railway station

For sale is a block of six one-bedroom apartments, situated on Grimsby Road in Cleethorpes. All units are currently occupied by tenants, generating a monthly rental income of £2,686 and an annual total of £32,232, representing a 17% gross yield. This is a ready-made investment opportunity with all apartments having been newly renovated and equipped with modern appliances. The properties are maintained in good condition and fall within Council Tax Band A.

Grimsby Road benefits from its location within Cleethorpes, offering convenient access to a wide range of local amenities. Residents can enjoy the green spaces of Sidney Park, which is within walking distance, as well as the Cleethorpes seafront, which offers scenic views, various cafes, and leisure facilities. The area's high street is close by, providing supermarkets, shops, and dining options.

For commuters, Cleethorpes Railway Station is approximately a 15-minute walk from the property. Regular train services connect to Grimsby Town, with onward connections to larger hubs such as Doncaster, Sheffield, and Manchester. The station offers straightforward journeys for both local and regional travel, making the area suitable for tenants who commute or travel frequently.

Grimsby Road, Cleethorpes, Lincolnshire, DN35

Additional Information

  • Property ref
    GRI250536
  • Council Tax
    A
  • Local authority
    North East Lincolnshire County Council
Sophie Grimes Branch Manager
Sophie Grimes
Branch Manager

Do you have a property you need to sell?

Book a free valuation to get an accurate valuation of how much your home is worth or get an online valuation in under 30 seconds.

Reeds Rains Estate Agents Grimsby

Grimsby Branch Manager
Reeds Rains Grimsby
6 Bethlehem Street, Grimsby, DN31 1JU
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
Disabled access available

Mortgage Calculator

Monthly payment

£

Borrowing £171,000 and repaying over 25 years with a 2.5% interest rate.

Now you know what you could be paying, book an appointment with our partners Embrace Financial Services to find the right mortgage for you.

Stamp duty calculator

Calculate

You would pay

This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.

Nearby locations
Photos
Floorplan
Map view
Street view

The pin shows the exact address of the property 

Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A