Block of flats for sale

Patrick Street, Grimsby DN32

A strong-yielding investment, this terraced property on Patrick Street, Grimsby has been converted into two self-contained flats, each with its own leasehold title, while the building itself is held on a separate freehold title.

The property produces a combined rental income of £875 pcm (£10,500 per annum) and, at a guide price of £100,000, delivers an attractive gross yield of 10.5%. With tenants already in place, it provides both secure income and long-term potential.

Spanning approximately 1,162 sq ft, the building is arranged as: Two self-contained one-bedroom, one-bathroom flats. Each flat has its own private entrance, with rear yard space included within the ground floor tenancy.

With the freehold and individual leasehold titles already in place, EPC rating C, Council Tax Band A, and a “Good” condition rating, this property represents a straightforward, low-maintenance, income-generating asset.

Located in DN32, Grimsby, Patrick Street is an established residential area close to local shops, schools, and amenities. The town centre, Grimsby Docks, and wider commuter routes are all within easy reach, underpinning strong tenant demand.

With a double-digit yield, secure title structure, and consistent tenant appeal, this property offers investors immediate returns with long-term growth prospects.