Floorplan
Map3 bedroom block of apartments for sale
Key information
Features and description
- Video viewing available
- Immediate "Exchange Of Contracts" Available
- Sold Via "Secure Sale"
- Spacious mid-terrace property recently refurbished and arranged as two self-contained flats
- Ground floor flat: living room, kitchen, lobby, two bedrooms and bathroom
- First floor flat: living room, kitchen, three bedrooms and bathroom
- Both flats benefit from UPVC double glazing throughout
- Separate gas central heating systems to each flat
- Estimated rental income of £425-£450 pcm per flat (£10,800 annum combined)
- Gross yield in the region of 8.16%-8.64%, subject to buyer due diligence
16 Grimsby Road, Cleethorpes presents an excellent investment opportunity, offered for sale by auction.
This spacious mid-terrace property has been converted to provide two recently refurbished self-contained residential flats, each with independent access to services, UPVC double glazing and their own gas central heating systems.
The ground floor flat comprises a living room, kitchen, inner lobby, two bedrooms and a bathroom fitted with a white suite. The first floor flat offers a living room, kitchen, three bedrooms and a bathroom, making it particularly attractive to families or shared occupiers.
The property is considered ideal for buy-to-let investors. Based on current market conditions, each flat is estimated to achieve rental income in the region of £425-£450 per calendar month, providing a combined gross income of approximately £850-£900 per month or £10,800 per annum. At the guide price, this represents a gross yield in the region of 8.16%-8.64%. Interested parties are advised that these figures are for guidance only and that they should carry out their own due diligence in respect of rental values and yields.
Located on Grimsby Road, the property benefits from a convenient position close to Cleethorpes town centre, local amenities, public transport links and the seafront, supporting strong ongoing rental demand.
Offered by way of auction, this would be a solid, income-producing asset with scope for long-term return and future growth, subject to a buyer’s own investment strategy.
The flats are held on Leasehold titles with the added option to purchase the Freehold on completion.
Rooms
Ground Floor
Communal Entrance Porch
With uPVC double glazed entrance door.
Communal Entrance Hall
Ground Floor Flat
Entrance Hall
Living Room
3.86m into chimney recess x 3.64m - With reconstituted marble hearth with inset and plaster surround. Radiator and uPVC double glazed window unit.
Kitchen 4.73m x 3.64m
With tiled floor, partially tiled walls and fitted with a range of wall and base units incorporating a sink unit with drainer and mixer tap. Having electric oven, gas hob and extractor canopy. Gas fired central heating combination boiler. uPVC double glazed window unit.
Inner Lobby
With uPVC double glazed window unit.
Bedroom 1
4.5m into chimney recess x 4.31m maximum - Being L-shaped and having radiator and uPVC double glazed bay window.
Bedroom 2
3.89m maximum x 3.79m maximum - With radiator and uPVC double glazed window unit.
Rear Entrance Lobby
With uPVC double glazed door.
Bathroom
Tiled floor and having a white three piece suite comprising panelled bath (bath with shower over), pedestal basin and low-flush w.c. Two uPVC double glazed window units and a radiator.
First Floor Flat
First Floor
Landing
With radiator.
Living Room 4.78m x 3.65m
With dado rail. Radiator and uPVC double glazed window unit.
Bedroom 1 4.33m x 3.93m
With coving. Radiator and uPVC double glazed window unit.
Bedroom 2 4m x 3.8m
With radiator and uPVC double glazed window unit.
Bedroom 3 3.09m x 1.9m
With radiator and uPVC double glazed window unit.
Bathroom
Fitted with a white three piece suite comprising panelled bath, pedestal basin and low-flush w.c. Useful storage cupboard. Radiator and uPVC double glazed window unit.
Kitchen 3.66m x 2.97m
With door to rear staircase. Partially tiled walls and fitted with a selection of wall and base units incorporating a sink unit with drainer and having integrated electric oven, gas hob and extractor canopy. Radiator and uPVC double glazed window unit.
Gardens
The property has gardens to the front and rear.
Broadband & Mobile Phone Coverage
Please use the following link to check the mobile phone and broadband coverage for this property.
Services
We have not tested or inspected any heating systems, fixtures, appliances or services, purchasers should rely on their own survey.
Council Tax Band A (Each Flat)
This information was obtained on the 2nd December 2025 and is for guidance purposes only. Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation.
Additionally, there may be circumstances when the Council Tax can be altered on change of ownership.
All interested parties are advised to make their own enquiries. See
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti (truncated)
Sources Of Useful Information
Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.
Mortgage Advice
Mortgage Advice Bureau works with Jackson, Green & Preston Estate Agents to provide their clients with expert mortgage and protection advice. We have access to over 12,000 mortgages from 90+ lenders so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our customers have access to the latest deals available and receive a first-class service. We will take care of everything from explaining all of your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family and handling the whole application process.
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
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