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House for sale
Grimsby, New Clee
37.380 €
Listed May 26, 2026
About this listing
Calling all landlords and investors. This traditional three-bedroom mid-terrace property is being sold by auction and is offered subject to an existing tenancy currently producing £360 per calendar month, equivalent to £4,320 per annum and a gross yield of 10.8% based on the guide starting bid. The property would benefit from a programme of improvement and modernisation, offering scope to enhance both its condition and rental return over time. Rents for modernised properties in this area are typically in the region of £600 per calendar month, which would equate to £7,200 per annum and a potential reversionary gross yield of 18% based on the starting bid price.
The existing rent has not been increased for some time, and there may be potential for an uplift in the current rental income, although works would likely be required to achieve the maximum market rent. The accommodation comprises an entrance hall, living room, sitting room, kitchen, rear lobby and bathroom to the ground floor. To the first floor, there is a landing and three bedrooms. Externally, the property has a rear garden. An excellent opportunity for landlords seeking an income-producing investment with scope for improvement and future rental growth. Ground Floor Entrance Hall With uPVC double glazed entrance door. Stairs to first floor accommodation. Living Room 3.36m x 2.88m With laminate flooring. Radiator and uPVC double glazed window unit. Sitting Room 4.27m x 2.97m With coving, laminate flooring and radiator. Kitchen 3.37m x 2.32m With tiled floor and fitted with a range of wall and base units incorporating a sink unit with drainer and mixer tap, having electric point for cooker. Plumbing for washing machine. Gas central heating boiler. uPVC double glazed window unit. Rear Entrance Lobby With tiled floor and uPVC double glazed entrance door. Bathroom Fitted with a white three piece suite comprising panelled bath, pedestal basin and low-flush w.c. Radiator and uPVC double glazed window unit. First Floor Landing Bedroom 1 3.8m into chimney recess x 3.36m - With radiator and uPVC double glazed window unit. Bedroom 2 4.29m x 2.2m With radiator and uPVC double glazed window unit. Bedroom 3 3.27m x 2.32m With radiator and uPVC double glazed window unit. Gardens The property has gardens to the front and rear. NOTE The property is currently let at £360 per calendar month. The property is not managed by Jackson, Green and Preston Estate Agents. Selective Licensing This property has been identified as being within a Selective Licensing area. Whilst every endeavour has been made to ensure this information is correct, landlords are advised to contact North East Lincolnshire Council to confirm the position and to ensure compliance with any applicable regulations. Council Tax Band: A
Tenure: FreeholdShow more
What's included
Terrace
Garden
Key Stats
Key Stats
TypeTerraced house
Bedrooms3
Bathrooms1
HeatingGas
MunicipalityGrimsby
Listed on
Price History
Location
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Estimated monthly payment
185 €/mo
Down payment10 % · 3.738 €
3.738 €33.642 € loan
Term
Total repayable55.527 €
Interest rate4.40 %
Representative estimate · Landomo is not a mortgage broker. · Rates updated April 2026