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3 bed terraced house
Harold Street, Grimsby, Lincolnshire, DN32
Auction
£35,000
-12.5%
Next Steps
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Price History
Initial price £40,000
Jun 17, 2026 £37,000
Jun 23, 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
This traditional three-bedroom mid-terrace property has an entrance hall, living room, sitting room, kitchen, rear lobby, bathroom, landing, and three bedrooms on the ground and first floors. Externally, it has a rear garden. The property would benefit from modernisation and improvement, offering potential to increase rental income from the current £360 per month to around £600 per month.