Weelsby Street &, 367 Weelsby Street & 189 Hainton Avenue, Grimsby, DN32
- PROPERTY TYPE
Terraced
- BEDROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Secure Sale online bidding with a starting bid of £170,000
- Three freehold properties comprising four individual dwellings
- Two three-bedroom terraced houses and two one-bedroom flats
- Fully tenanted and currently producing £22,140 per annum
- Current gross rental yield of approximately 13.0%
- Existing rents are understood not to have been increased
- Potential rental income of £26,400 per annum and gross yield of approximately 15.5%
- Japanese knotweed treatment plan quotation of £2,800 for 189 Hainton Avenue
Description
An excellent opportunity for investors to acquire a fully tenanted residential portfolio comprising three freehold properties and four individual dwellings, offered for sale as a single lot by auction with a starting bid of £170,000.
The portfolio comprises two three-bedroom terraced houses at 357 and 367 Weelsby Street, together with a substantial property at 189 Hainton Avenue which has been divided to provide two self-contained one-bedroom flats. The properties occupy established residential locations within Grimsby, conveniently placed for local shops, schools, amenities, public transport links and the town centre.
357 Weelsby Street, registered under Freehold Title HS263278, is a three-bedroom terraced house currently let at £475 per calendar month. The tenancy is presently subject to rent arrears, although Universal Credit payments of £395 per month are paid directly to the managing agent, with the remaining balance payable by the tenant.
367 Weelsby Street, registered under Freehold Title HS308699, provides a further three-bedroom terraced house. The property is currently let at £520 per calendar month and the rental account is understood to be up to date.
189 Hainton Avenue, registered under Freehold Title HS59121, has been divided into two self-contained one-bedroom flats. Both flats are described as being in good general condition and are currently let at £425 per calendar month each, with both rental accounts understood to be up to date. Japanese knotweed has been identified at this property and a quotation of £2,800 has been obtained for a treatment plan, with further information to be made available within the auction legal pack.
The existing rents are understood not to have been reviewed or increased recently and therefore offer potential for future rental growth. It is estimated that, in their present location and condition, the Weelsby Street houses could each command a rent in the region of £600 per calendar month, while the flats at 189 Hainton Avenue could each achieve approximately £500 per calendar month. Subject to the terms of the existing tenancies, the appropriate statutory procedures and prevailing market conditions, this would provide a potential combined rental income of approximately £2,200 per calendar month or £26,400 per annum.
The portfolio currently generates a combined passing rent of £1,845 per calendar month, equivalent to £22,140 per annum, representing a gross yield of approximately 13.0% against the starting bid. If the estimated rental values were achieved, the potential gross yield would increase to approximately 15.5%.
Prospective purchasers should satisfy themselves regarding the tenancy documentation, rental accounts, estimated rental values, condition of the properties, status of the flat conversion and proposed Japanese knotweed treatment plan by inspecting the auction legal pack before bidding.
357 Weelsby Street
Entrance hall, living room, sitting room, kitchen, rear lobby, bathroom, 3 bedrooms and gardens to front and rear.
367 Weelsby Street
Entrance porch, through living room, kitchen, bathroom, first floor landing and 3 bedrooms.
Ground Floor Flat 189 Hainton Avenue
Entrance hall, living room, lobby, bedroom, kitchen and bathroom.
First Floor Flat 189 Hainton Avenue
First floor landing, living room, bedroom, kitchen, bathroom and gardens to 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 Property)
This information was obtained on the 20th July 2026 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 Information
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)
Property Management
Are you a Landlord tired of dealing with your tenants?….Jackson, Green and Preston can provide a comprehensive management service and will be delighted to discuss your management needs. Please do not hesitate to contact our Property Management Department on Grimsby 311116 or by e-mail ( ) for some informal advice. Further information is also available on our website at
Property To Sell
Do you have a property to sell? For professional valuation advice, contact our Grimsby Office ). One of our experienced valuers will be happy to provide a free marketing appraisal of your property.
Surveys
Should you decide to buy a property not available for sale through our Agency, Jackson Green and Preston offer a range of independent valuations and surveys all carried out by fully qualified Chartered Surveyors. To discuss your survey needs, please contact our Survey Department on .
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)
Brochures
Particulars- 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.
- Ask agent
- 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
Weelsby Street &, 367 Weelsby Street & 189 Hainton Avenue, Grimsby, DN32
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19 West St. Marys Gate, Grimsby, DN31 1LE
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Visit our security centre to find out moreDisclaimer - Property reference GRS260945. 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 Jackson Green and Preston, Grimsby. 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 Jackson Green and Preston, Grimsby on 01472 404357.
*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.