4 bed flat for sale

Welholme Road, Grimsby DN32

Summary

An excellent investment opportunity comprising a period semi-detached house on Welholme Road, converted to provide two self-contained two-bedroom flats, both currently let and producing an immediate income stream.

The property retains much of the character associated with its original period construction, including the original timber front door, while having been extensively improved in recent years. Both flats benefit from modern fitted kitchens and bathrooms, independent gas-fired central heating systems and uPVC double glazing.

Externally, the property offers driveway parking and a garden, enhancing its appeal to tenants and supporting long-term rental demand.

Both flats are currently let at 495 per calendar month each, generating a combined gross income of 11,880 per annum. At the guide price, this represents an attractive gross yield in excess of 13%, making the property well suited to investors seeking a ready-made, income-producing asset.

The property is well located within an established residential area, close to local amenities and transport links, further underpinning its ongoing rental appeal.

An excellent opportunity to acquire a fully let, low-entry-price investment with strong yield potential.

Ground Floor Flat - 55A

Ground Floor

Entrance Hall

With tiled floor, coving, uPVC double glazed entrance door and a radiator. Useful under stairs storage cupboard.

Living Room

4.5m into chimney recess x 4.59m plus bay - With plaster coving, radiator and large uPVC double glazed bay window.

Bedroom 2/Dining Room

3.94m x 3.52m

With coving, radiator and uPVC double glazed window unit.

Bedroom 1

4.23m plus bay into chimney recess x 4.11m - With plaster coving, radiator and large uPVC double glazed bay window.

Kitchen

3.95m x 2.11m

With coving, recessed spotlights, partially tiled walls and fitted with a good selection of newly installed modern wall and base units incorporating a sink unit with drainer and mixer tap and having integrated electric oven, gas hob and extractor canopy. Breakfast bar. Gas central heating combination boiler. Radiator and two uPVC double glazed window units.

Bathroom

Tiled floor and having partially tiled walls and fitted with a very smart white three piece suite comprising panelled bath (bath with shower over), pedestal basin and low-flush w.c. Radiator and extractor.

First Floor Flat - 55B

Ground Floor

Entrance Hall

With tiled flooring, stairs to first floor accommodation. Useful storage cupboard.

First Floor

Landing

With radiator and uPVC double glazed window unit.

Living Room

4.58m into chimney recess x 4.55m - With coving, dado rail, decorative fire place with timber mantle. Radiator and two uPVC double glazed window units.

Bedroom 1

4.26m into chimney recess x 4.16m - With coving, picture rail and two uPVC double glazed window units.

Bedroom 2

3.45m x 2.85m

With coving, radiator and uPVC double glazed window unit.

Kitchen

3.95m x 3.49m

Partially tiled and fitted with a selection of modern wall and base units incorporating a sink unit with drainer and mixer tap. Having integrated electric oven and gas hob with extractor canopy. Plumbing for an automatic washing machine. Radiator, uPVC double glazed window unit and uPVC double glazed entrance door. "Ideal" gas central heating combination boiler. There is a cast iron staircase to the rear of the property providing a separate means of access.

Bathroom

Tiled and fitted with attractive white three piece bathroom suite comprising panelled bath (bath with shower over), pedestal basin and low-flush w.c. Useful Storage cupboard. Radiator and uPVC double glazed window unit.
Note


Both flats are currently let and achieving 495 per calendar month. This represents an annual income of 11880 per annum equating to a 13% yield on the current asking price.

Tenure

Title: Freehold and Long Leasehold Interests Property: 55A & 55B Welholme Road Freehold Interest - 55A Welholme Road and grounds The registered freehold title to 55A Welholme Road, comprising: - The ground floor flat (55A) - HS83891 - All grounds surrounding the building - HS83891 and HS388659 - Any structures or land included within the registered freehold boundary as shown on the official title plan This freehold interest is sold subject to any rights, easements, covenants, and restrictions affecting the registered title. Long Leasehold Interest - 55B Welholme Road The sale includes the long leasehold interest in 55B Welholme Road, comprising: - The first and upper floors of the building - HS237248 - Held under a lease dated 6 April 1993 - Term: 99 years from 6 April 1993 o Approximately 66 years unexpired as at 2026 - Ground Rent: 50 per annum, payable to the freeholder (believed to be David Hillstead) The leasehold interest is sold subject to all rights, covenants, (truncated)

Council Tax Band: A
Tenure: Leasehold

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.