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Mersey Way, Grimsby, N.E.Lincolnshire, DN37

PROPERTY TYPE

Terraced

BEDROOMS

3

BATHROOMS

1

SIZE

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TENURE
Describes 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

  • Turnkey investment — generating £6,576 annual income with tenants already in place
  • Three good-sized bedrooms — practical layout suited to families and long-term renters
  • Spacious kitchen/diner — sociable family hub
  • Separate lounge — comfortable living space supporting strong rental demand
  • Enclosed rear garden — usable outdoor areas at both front and rear
  • Popular Grimsby location — close to amenities, schools and transport links, ensuring consistent tenant interest

Description

This three bedroom terrace on Mersey Way, Grimsby is offered as a ready-made investment, currently generating an annual income of £6,576.

Set within a practical residential setting, the property provides reliable rental appeal and a straightforward opportunity for both new landlords and experienced investors looking to expand their portfolio with a steady, occupied asset.

Inside
The ground floor layout offers a functional flow, beginning with the hallway and leading into a comfortable lounge ideal for everyday living. To the rear, the kitchen/diner provides a sociable space with room for personalisation or future upgrades, depending on a landlord’s long-term plans. A ground-floor WC adds convenience for tenants. Upstairs, three bedrooms sit off the landing, each offering practical proportions suited to families, couples or sharers. The bathroom completes the first floor, and built-in storage areas across both levels enhance usability for occupants.

Outside
The property features neat front and rear gardens, giving tenants outdoor space for seating, planting or low-maintenance enjoyment. The frontage is open, while the rear garden is enclosed and practical. The house also benefits from a dedicated front entrance and a straightforward layout that supports long-term rental stability.

Location
Mersey Way sits within a well-connected part of Grimsby, close to local shops, schools, bus routes and commuter links. The area remains popular with a wide range of tenants, supporting ongoing demand and making this a strong choice for landlords seeking a dependable, income-producing property.

LOUNGE

14' 9" x 11' 3" (4.5m x 3.43m)

KITCHEN/DINER

17' 8" x 10' 4" (5.38m x 3.15m)

BEDROOM

12' 4" x 12' 0" (3.76m x 3.66m)

BEDROOM

12' 9" x 9' 10" (3.89m x 3m)

BATHROOM

6' 1" x 5' 8" (1.85m x 1.73m)

BEDROOM

9' 9" x 7' 9" (2.97m x 2.36m)

Agents Note to Buyers

Prospective purchasers are advised that, in addition to the purchase price, further costs may be incurred when buying a property. These can include, but are not limited to, Stamp Duty Land Tax (SDLT), legal and conveyancing fees, survey costs, and mortgage arrangement fees. Buyers should ensure they seek appropriate financial advice and budget accordingly.

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.
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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.
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Mersey Way, Grimsby, N.E.Lincolnshire, DN37

Approximate location

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Affordability

Monthly repayments£452
Property: £ 90,000
Deposit: £ 9,000
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Renovation potential
Recently sold & under offer
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About DDM Residential, Grimsby

Osborne Chambers 25 Osborne Street, Grimsby, DN31 1EY
Industry affiliations:

DDM Residential - The Grimsby Branch

We are the largest independent estate agency in the region for a reason..

Established in 1889, DDM Residential specialises in house sales across the property spectrum ranging from small terraced homes, apartments, new builds and plots of land right through to traditional houses and 'Premier Homes'.

Selling or buying, you are more than likely to be involved in one of the biggest events of your life. Therefore, it is not too much to ask for excellent service from the estate agent representing you.

We are the local experts. Many of us have actually grown up in the areas we work in, offering in-depth knowledge of schools, shops, churches, pubs and restaurants. We walked these streets as children, so we certainly know the good and not so good.

DDM Residential is not a a franchise, and are neither owned by a bank or part of a national chain.

DDM Property Auction The Largest Auction Event in the Region selling over 145 properties a year. We offer properties with a starting bid of £1 and no reserve through to properties achieving over £300,000.

DDM The Letting Centre We manage and act for over 1000 landlord throughout the Region. Our clients range from private, businesses and professional investors through to overseas landlords and members of the armed forces. We employ a dedicated full time team of 7. Most agents charge the same but offer only a fraction of our service. Download a 'Free Guide to Letting' from our website.

DDM Financial Our Mortgage Advisors provide sellers, buyers and retained clients with mortgage, insurance and financial planning advice, helping to ensure that sales proceed smoothly. Re-mortgaging, buy-to-let mortgages, accident sickness and unemployment cover, buildings and contents and life cover are just a few of the products we can help with.

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Disclaimer - Property reference GRS260249. 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 DDM Residential, 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.

*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.