Grimsby Road, Cleethorpes, Lincoln, Lincolnshire, DN35 7AB
- PROPERTY TYPE
Apartment
- BEDROOMS
3
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Immediate "Exchange Of Contracts" Available
- Sold Via "Secure Sale"
- 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
- Spacious mid-terrace property recently refurbished and arranged as two self-contained flats
- 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
Description
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 subject to buyer doing their own due diligence.
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
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.
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Grimsby Road, Cleethorpes, Lincoln, Lincolnshire, DN35 7AB
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About Pattinson Estate Agents, Auction
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Visit our security centre to find out moreDisclaimer - Property reference 498203. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson Estate Agents, Auction. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Auction on 0191 625 0242.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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