For sale Flat

Park Street

Grimsby, DN35 7AW

2 beds Listed 24 Aug 2026 (-72d)

£80,000

Guide Price

Reduced on 29 Oct 2026

Save

Listing type

Auction

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Property details

Listing category

Auction

Tenure

FREEHOLD

Local average

£114,250 (-30%)

Deprivation

Decile 1 (476 of 33,755)

Street crime

514 incidents within 1 mile (Aug 2026)

Key features

  • Shared Private Parking
  • Private Garden (Front and Back)
  • Buy-to-Let Opportunity
  • Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • Property Scheduled for Online Auction

Additional details

Parking
Yes
Garden
Yes

Description

Our latest listing is a 2 bedroom flat located in Cleethorpes. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

This property features 2 bedrooms, lounge, kitchen and front and back garden space and shared private parking. The property also benefits from an office space and additional storage below.

For investors looking to expand their portfolio, this is a fantastic opportunity and it is likely to attract enquiries from serious investors.

Investment details

The current gross annual rent agreed with the tenant is £8,640 and there are tenants in situ. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.

This is a perfect addition to any investment portfolio with great rental returns in a high demand area.

Auction Details

The seller is open to pre-auction offers. Unless a pre-auction offer is accepted, the sale of this property will take place on our next bi-weekly online auction (see dates on our website) and is being sold under the unconditional sale type with a standard 28 days completion.

Separate to a 10% deposit (£5,000 minimum) and our Buyers Premium there may be additional fees or conditions listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack before bidding.

Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms.
Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Please call us or enquire for the full legal pack and property information on this listing.

Listed by

Manchester

TP AUCTIONS LTD

Reference: 92327889

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Registered land (INSPIRE)

This location falls inside an HM Land Registry INSPIRE registered freehold polygon.

Building plot (shared): ~92 m² (0.02 acres) (area is for the building, not the flat)

Source: HM Land Registry INSPIRE Index Polygons.

EPC Graphs

EPC 1

EPC 1

EPC 2

EPC 2

Price history

Event Date Price % change
Listed for sale — £80,000 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
20 FIRST FLOOR FLAT PARK STREET, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 7QU £55,000 14/08/2023 Flat
7 SIDNEY COURT, CLEETHORPES, NORTH EAST LINCOLNSHIRE, DN35 7PJ £36,000 16/12/2022 Flat
8 BOTTOM FLAT PARK STREET, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 7QU £32,500 03/03/2022 Flat

Area average: £41,167 (3 sales)

Capital growth trend

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

5y growth -22.2%
10y growth -42.7%

House Price Index (HM Land Registry — official index, not sold-price averages): North East Lincolnshire. Series: Flats and maisonettes. As of August 2026.

1y (index) 0.8%
5y (index) -2.5%
10y (index) 16.7%

Rental Range

Estimated market rent for North East Lincolnshire. Low = conservative, Realistic = average, Optimistic = best case.

Low £586/mo
Realistic £651/mo
Optimistic £716/mo

Based on Local Authority from postcode lookup → North East Lincolnshire.

LHA (30th percentile) floor for Grimsby: £479/mo (Apr 2025 – Mar 2026)

Location

Address

1 Taylor Street

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Dawn's Deli 0.1 miles
Shop European Mini Market 0.1 miles
Bus stop Park Street 0.1 miles
Bus stop Ramsdens 0.1 miles
Train station New Clee 0.2 miles
Train station Grimsby Docks 0.8 miles
Hospital St Hughs 1.7 miles
Hospital Harrison House 1.7 miles
University University Centre (University of Hull) 1.9 miles
University University Centre Grimsby 2.0 miles

Street-level crime

Category Count
Violence and sexual offences 150
Shoplifting 94
Criminal damage and arson 56
Public order 43
Anti-social behaviour 31
Burglary 31
Drugs 27
Other theft 26
Vehicle crime 17
Other crime 15
Robbery 14
Bicycle theft 5
Possession of weapons 4
Theft from the person 1
Total incidents 514

Within 1 mile during Aug 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Phoenix Park Academy Other 0.4 miles Good — 18 Jan 2018
Weelsby Academy Primary 0.5 miles Good — 21 Sep 2022
Elliston Primary Academy Primary 0.6 miles Outstanding — 6 Apr 2018
Strand Primary Academy Primary 0.6 miles Good — 22 Jul 2021
Queen Mary Avenue Infant School Primary 0.6 miles Good — 18 Sep 2024

Rental Comparables

Rental comparables data is not available for this property.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 0.81%
Max investor price (0.8%) £81,375
Target investor price (1%) £65,100
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).