# 2 bedroom flat for sale (DN33 2NG)

## Property Details

| Key | Value |
|-----|-------|
| Address | Plot 11 - GF Apartment, Royal Gardens, Scartho, Grimsby, DN33, DN33 2NG |
| Price | £179,950 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £194,950 |

## Description

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EPC rating: B. Tenure: Leasehold, Service charge description: RG Apartment Management Company

All Apartments (£1000) responsible for:

- maintenance of communal hallways (not cleaning)

- lighting in communal hallways

- maintenance of communal garden areas, including trees 

- Insurance of the building and communal grounds

- Refuse collection, Length of lease (remaining): 123 years 5 months,

## Property Photos

- ![Photo](/listings/photos/155793089/637301)
- ![Photo](/listings/photos/155793089/637302)
- ![Photo](/listings/photos/155793089/637303)
- ![Photo](/listings/photos/155793089/637304)
- ![Photo](/listings/photos/155793089/637305)
- ![Photo](/listings/photos/155793089/637306)
- ![Photo](/listings/photos/155793089/637307)
- ![Photo](/listings/photos/155793089/637308)

## Floorplans

- ![Floorplan](/listings/photos/155793089/637310) - Floorplan

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
|  | £194,950 | 01/01/2024 | — |

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £100,500 (2 Flat, DN33, 2024–2026)
- **Deviation:** +79.1%

## Rental Range

*ONS Price Index of Private Rents (North East Lincolnshire). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £555/mo
- **Realistic:** £617/mo
- **Optimistic:** £679/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Grimsby (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £479/mo

## 1% Rule

- **Rent ratio:** 0.34% (weak for cashflow)
- **Max investor price (0.8%):** £77,125
- **Target investor price (1%):** £61,700

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on Area rent estimate.*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 35.8%
- **10y growth:** 11.7%

## House Price Index (HM Land Registry)

*Official index for North East Lincolnshire; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -5.2%
- **5y growth (index):** 3.5%
- **10y growth (index):** 22.5%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)