5 bed terraced house for sale

Cleethorpe Road, Grimsby DN31

Fully Licensed 5-Bed HMO | Freehold | Prime Location Between Grimsby & Cleethorpes

National Residential are delighted to present this recently refurbished, fully licensed five-bedroom HMO property situated along the busy Cleethorpe Road - a key link between Grimsby and the popular seaside town of Cleethorpes. Offering immediate income potential and long-term growth, this substantial property represents an excellent investment opportunity.

Investment Highlights
* Property Type | Fully Licensed 5-Bed HMO (Freehold)
* Current Occupancy | 3 out of 5 rooms let
* Gross Potential Income | £2,240 pcm / £26,880 p.a. (Fully Let)
* Monthly Expenses | £755 (Utilities, Council Tax, Insurance & Cleaner)
* Net Income (Fully Let) | Approx. £1,261 pcm
* Council Tax | Band A
* No Service Charges or Ground Rent

Property Layout
Ground Floor | Entrance Hall | 2 Double Bedrooms | Lounge | Kitchen | Bathroom
First Floor | Landing | 3 Double Bedrooms | Store Room | Bathroom
External | Front and Rear Gardens | Potential for off-street parking or extension (subject to consent)
Additional potential to convert the attic into a studio room, subject to planning permission.

Location & Tenant Appeal
Ideally positioned on Cleethorpe Road, the property benefits from strong transport links and access to both Grimsby town centre and Cleethorpes seaside resort, ensuring a wide tenant base and consistent demand.
* Walking distance to local shops, supermarkets, and eateries
* Close to medical centres and regular bus services
* Easy access to employment hubs and coastal leisure amenities
* Popular with professionals, key workers, and students alike

Why Invest Here
This well-maintained HMO is already generating income with further potential to increase returns once fully let. Located in a high-demand rental area, it combines strong yield prospects with future capital growth potential. The recent refurbishment and full HMO licence make it a ready-to-go investment with minimal ongoing management required.

Arrange a Viewing
Opportunities like this are rare in this part of Grimsby. To find out more or arrange a viewing, contact our investment team today and secure this income-generating HMO before it's gone.

This property is only available for purchasers who are not in a chain.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.