227 Stanley Street, Grimsby is a three-bedroom mid-terrace house offered for sale as a ready-made investment opportunity, with a tenant already in occupation.
The property is currently let at a passing rent of £450 per calendar month (£5,400 per annum). At the asking price of £65,000, this represents an attractive gross yield of approximately 8.3%, making it an ideal addition to an investor’s portfolio.

There is clear scope to enhance returns, as the current market rental value is estimated to be circa £550 per calendar month (£6,600 per annum). At this level, the gross yield would increase to approximately 10.15%, subject to rental uplift and any necessary statutory requirements.
The accommodation is arranged over two floors and briefly comprises an entrance porch, entrance hall, living room, sitting room, kitchen and a bathroom fitted with a white three-piece suite to the ground floor. To the first floor are three bedrooms. Externally, the property benefits from gardens to both the front and rear.

Located within an established residential area of Grimsby, the property offers straightforward, low-maintenance accommodation that is well suited to the local rental market. With immediate income in place and potential for future rental growth, this represents a straightforward and appealing buy-to-let investment.

Rooms

Ground Floor

Entrance Porch
With uPVC double glazed entrance door. Partially tiled walls.

Entrance Hall
With tiled floor, coving and dado rail.

Living Room 3.63m x 3.17m
With coving, laminate flooring and uPVC double glazed bay window. Radiator.

Sitting Room 4.22m x 3.62m
With laminate flooring. Radiator and uPVC double glazed window unit.

Kitchen 4.7m x 2.5m
Partially tiled and fitted with a selection of wall and base units incorporating a sink unit with drainer and having plumbing for washing machine and gas point for cooker with extractor canopy. Radiator, uPVC double glazed window unit and uPVC double glazed entrance door.

Bathroom
Partially tiled and fitted with a white three piece suite comprising panelled bath with pedestal basin and low-flush w.c. uPVC double glazed window unit.

First Floor

Landing

Bedroom 1
4.27m into chimney recess x 3.71m - With radiator and uPVC double glazed window unit.

Bedroom 2 3.63m x 3.19m
With radiator and uPVC double glazed window unit.

Bedroom 3 4.17m x 2.49m
With gas fired central heating combination boiler. Radiator and uPVC double glazed window unit.

Gardens
The property has gardens to front and rear.

NOTE
This property is currently let on an Assured Shorthold Tenancy Agreement with the tenant wishing to remain in occupation. The passing rent is £450 per calendar month repesenting 8.3% gross yield at the current asking price. We anticipate the rent could be increased to circa £550 per calendar month which would produce a reversionary yield of approximately 10.15%.

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
This information was obtained on the 17th 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

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. Mortgage Advice Bureau (truncated)

Founded in 1920, Jackson Green & Preston is Grimsby and Cleethorpes largest and best known local Estate Agency, with 100 years experience in the property market. In 2011, on the retirement of the Partners in Goudes Chartered Surveyors, we acquired their very successful Lettings and Management Department, reinforcing our position as one of Grimsby's premier Management Agents. In 2016, following the retirement of the principal of Bacons Property Management, we were again approached and offered the opportunity to further enhance our position as Grimsby’s leading lettings specialist by acquiring Bacons Property Management. We have two offices, both situated in Town centre locations, each having excellent window displays. Well laid out and smartly furnished, the offices have a warm and welcoming atmosphere, and our friendly staff are always on hand to offer assistance and advice.

3 bedroom terraced house for sale

Key information

Features and description

Rooms

Property information from this agent

About this agent

Similar properties

See more properties like this