Initial price	£15,000
21/06/25	£10,000
Price Change	-33.33%

This property, located on Neville Street in Cleethorpes, is a rare opportunity to acquire a well-positioned property in need of full renovation. The property currently consists of two flats, which have suffered fire damage, but offer significant scope to add value or generate a strong yield in this area of high rental demand. The gross income across both units is expected to be around £13,200 per annum, or potentially up to £20,000 per annum if reconfigured into a House of Multiple Occupation (HMO) with planning permission. The property is situated in a central area, close to the town centre, sea front, and beach, with excellent access to the M180 road network and direct rail lines to major cities. The property is freehold, and vacant possession will be given upon completion. Due to health and safety concerns, no internal inspection will be available, and prospective buyers are advised to make their own enquiries regarding services and equipment.