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Flat 19 157 Grimsby Road
Cleethorpes •••••
£550/mo
Why the landlord is looking for a deal
This well-presented one-bedroom apartment, set within a charming converted public house, offers a unique and high-yield investment opportunity. Featuring modern open-plan living and gated allocated parking, this property is ideally positioned within walking distance of Cleethorpes beach and local amenities. It is a prime choice for investors seeking a characterful home with consistent tenant appeal.
Type
Flat
Bedrooms
1
Bathrooms
1
Furnishing
Part Furnished
Parking
N/A
EPC Rating
D
Planning Use
Residential House (C3)
Tenancy Status
Vacant
Monthly profit potential
What this deal can pay you
£1,785 gross revenue a month at 70% occupancy
Self managed
£672
profit per month
Via management co
£445
profit per month
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Breakeven Analysis
Months to recover all-in costs based on monthly profit at 70% occupancy:
Self Managed
12
months
Via Management Co
18
months
5-Year Profit Projections
(After all-in startup costs, at 70% occupancy)
| Year | Self Managed | Via Management Co |
|---|---|---|
| 1 Year | £464 | £-2,260 |
| 2 Years | £8,528 | £3,080 |
| 3 Years | £16,592 | £8,420 |
| 4 Years | £24,656 | £13,760 |
| 5 Years | £32,720 | £19,100 |
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Service Accommodation Revenue
Est. Nightly Rate
£85
per night
Est. Monthly Revenue
£1,785
at 70% occupancy
Comparable Listings
Who This Property Suits
Based on the location and property type, this serviced accommodation is likely to appeal to the following guest types, ranked by suitability:
Contractors
High demand from the local industrial and construction sectors in the Grimsby and Cleethorpes travel-to-work area, supported by numerous local builders and infrastructure providers.
Leisure Travellers
Cleethorpes is a major Victorian seaside resort with a significant visitor economy, hosting high-profile events like DocksFest and The Gathering Fest.
Corporate Guests
The area serves as a hub for the chilled meal production sector and other regional businesses, creating a steady requirement for business-related overnight stays.
NHS Staff
Proximity to regional healthcare facilities in the Grimsby and Cleethorpes area creates consistent demand for temporary accommodation for locum staff.
Relocation Guests
The Grimsby travel-to-work area acts as a residential hub, creating a need for temporary housing for individuals and families moving into the region.
Insurance Guests
Standard demand for temporary housing solutions for local residents displaced by property damage or insurance claims within the North East Lincolnshire borough.
Families Visiting Relatives
Demand driven by visitors to the area, though the majority of tourism in Cleethorpes remains day-trip based rather than overnight stays.
Monthly Costs
SELF MANAGED
VIA MANAGEMENT CO