Jackson Green & Preston says ..

Property Oracle says ..

This property on Cleethorpe Road, Grimsby, is a 4-storey building currently undergoing a major refurbishment. The listing describes it as suitable for developers or investors, highlighting its prominent location on a busy road connecting Grimsby and Cleethorpes. The property boasts 5 bedrooms and 4 bathrooms, but the images indicate that the interior is far from finished. Much of the work appears to be at the structural level, with significant amounts of new construction required. There’s no outdoor space. The location has the advantage of being on a busy thoroughfare, suggesting potential commercial uses or rental income, dependent on the outcome of the renovations. However, the East Marsh area of Grimsby may influence the final value after renovation. The £175,000 list price presents both opportunity and considerable risk. Investors need to factor in the substantial costs and time required to complete the renovation and take into account the prevailing market conditions in the Grimsby area, before undertaking this project.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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