Currenlty listing 984 upcoming property auctions in the UK
Renovation Opportunity - Freehold Property with Potential
Address
See address
Auction date
15 Sep 2025
Guide price
£20,000
Type
Other
Tenure
Freehold
EPC Rating
C
Status
Upcoming

Description
This property is strategically located on Neville Street in the vibrant town of Cleethorpes. It is close to numerous amenities and the beachfront, making it a desirable area for potential renters.
The property, currently comprising two flats, requires complete renovation due to fire damage. There is significant potential for value addition and generating rental income, estimated to be around £1,100 per month, totaling approximately £13,200 annually. There is also the option to convert it into an HMO, subject to planning permissions, which could yield approximately £20,000 per year.
Accommodation Details:
- Ground Floor Flat: Includes sitting room, dining kitchen, bedroom, and bathroom.
- First Floor Flat: Comprises sitting room, kitchen, bedroom, and bathroom.
External features include front and back gardens.
Last update: 10 Sep 2025