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3 bed terraced house
Harold Street, Grimsby DN32
Auction
£35,000
-12.5%
Next Steps
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Price History
Initial price £40,000
Jun 17, 2026 £35,000
Price Change -12.5%
Our Summary
- This traditional three-bedroom mid-terrace property is being sold by auction with a starting bid price of £40,000 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
- 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
- An excellent opportunity for landlords seeking an income-producing investment with scope for improvement and future rental growth
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Description
The property is a traditional three-bedroom mid-terrace house with a guide starting bid of £40,000. It has a ground floor with an entrance hall, living room (3.36m x 2.88m), sitting room (4.27m x 2.97m), kitchen (3.37m x 2.32m), rear entrance lobby, and bathroom. The first floor has a landing and three bedrooms (13.8m into chimney recess x 3.36m, 2.29m x 2.2m, and 3.27m x 2.32m).
Externally, the property has a rear garden and a front garden.