Similar properties for sale by Reeds Rains Grimsby
2 bedroom Mid Terrace House for sale, Stanley Street, Grimsby, Lincolnshire, DN32
Features and Description
- For Sale by Modern Auction – T & C’s apply
- Subject to Reserve Price
- Buyers fees apply
- The Modern Method of Auction
- Two bedroom mid-terraced house
- Two spacious reception rooms
- Both bedrooms are doubles
- Front and rear gardens
- Strong refurbishment and value-add potential
- Indicative rent £575 per month
- Stated gross yield 16.8%
- Council Tax Band A
- EPC rating D
- Close to Grimsby town centre
For sale: a two bedroom mid-terraced house on Stanley Street in Grimsby, offering a refurbishment project with strong investment potential. The property provides two well-proportioned reception rooms, giving flexibility for separate living and dining spaces. Décor is largely neutral, with a mix of painted walls and feature wallpaper, ready for upgrading and personalisation.
The kitchen runs along the rear of the house with fitted base and wall units, timber-effect worktops and tiled splashbacks, but requires flooring and further works to modernise. Upstairs are two double bedrooms and a family bathroom with bath, WC and wash basin. Both front and rear gardens are modest in size, with the rear offering scope to create a low-maintenance courtyard-style outdoor area. The property requires comprehensive renovation throughout, making it suitable for buyers looking for a project or landlords seeking to add value, with an indicative rental income of around £575 per calendar month and a stated gross yield of 16.8%. EPC rating D and Council Tax Band A.
Stanley Street is well placed for Grimsby town centre amenities, including shops, cafés and supermarkets, as well as nearby Grant Thorold Park and People’s Park for green space. Local primary and secondary schools are accessible within the surrounding residential area. Grimsby Town railway station is approximately five minutes’ drive, offering services to Manchester, Sheffield and Lincoln, with connections to the wider rail network. Regular bus routes run along nearby main roads, providing convenient links across the town and to Cleethorpes seafront.
FOR SALE VIA MODERN AUCTION
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Living Room
12'4" x 10'6" (3.76m x 3.20m)
Dining Room
14'9" x 12'4" (4.50m x 3.76m)
Kitchen
11'5" x 7'5" (3.48m x 2.26m)
Bedroom 1
12'4" x 10'6" (3.76m x 3.20m)
Bedroom 2
11'6" x 9'5" (3.50m x 2.87m)
Bathroom
11'6" x 7'5" (3.50m x 2.26m)
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Additional Information
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Property refGRI260413
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TenureFreehold
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Council TaxA
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Local authorityNorth East Lincolnshire County Council