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1/11
£135,000
5 bedroom Mid Terrace House for sale, West Parade, Grimsby, Lincolnshire, DN31
Features and Description
- Established fully licensed HMO investment
- Five-bedroom terraced house layout
- Fully tenanted with long-term occupants
- Current rent £2,206 pcm
- Reported gross yield around 19.6%
- Full HMO planning permission granted
- Council Tax band A, EPC D
- Close to Grimsby town centre amenities
- Good bus and rail transport links
- Attractive location for commuters and students
This five-bedroom terraced house is offered for sale as a ready-made investment HMO in Grimsby, currently fully occupied by long-term tenants. The property is configured to provide five letting bedrooms, one reception room, one kitchen and two bathrooms, with an EPC rating of D and Council Tax band A.
The house is achieving a current rental income of £2,206 per calendar month, delivering a reported gross yield of 19.6%. It is fully tenanted with monthly income in excess of £2,000 and benefits from an HMO licence last renewed in August 2025. Full planning permission for HMO conversion is in place, providing reassurance for ongoing compliance.
Situated in Grimsby, the property is well placed for access to the town centre’s shops, supermarkets and everyday amenities, as well as a range of local cafés and eateries. People’s Park and nearby open spaces offer green areas for recreation and walking.
Public transport options include regular bus services through the town, connecting to Grimsby town centre, Cleethorpes and surrounding areas. Grimsby Town railway station provides services to Cleethorpes, Lincoln and Newark, with onward connections to Nottingham, Sheffield and London King’s Cross via interchange, making the property attractive to tenants who commute or study locally and regionally.
This terraced house represents an established HMO investment opportunity in Grimsby, with existing income, licensing and planning consents already in place.
Room 1
13'5" x 16'9" (4.10m x 5.10m)
Room 2
14'5" x 14'3" (4.40m x 4.34m)
WC
2'4" x 6'2" (0.70m x 1.88m)
Kitchen
11'3" x 14'4" (3.43m x 4.37m)
Utility Area
10'5" x 4'7" (3.18m x 1.40m)
Room 3
14'5" x 14'2" (4.40m x 4.32m)
Room 4
18'5" x 15'7" (5.61m x 4.75m)
Room 5
11'3" x 10'5" (3.43m x 3.18m)
Bathroom
7'4" x 7'7" (2.24m x 2.30m)
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.
West Parade, Grimsby, Lincolnshire, DN31
Additional Information
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Property refGRI260248
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EPCD
-
TenureFreehold
-
Council TaxA
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Local authorityNorth East Lincolnshire County Council
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Reeds Rains Estate Agents Grimsby
Reeds Rains Grimsby
6 Bethlehem Street, Grimsby, DN31 1JU
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
Disabled access available
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Borrowing £121,500 and repaying over 25 years with a 2.5% interest rate.
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