St Augustine Avenue

Grimsby, East Yorkshire

£210,000

  • Gross annual rental income of £28,080 resulting in a gross yield of 13.37%
  • 6 bed HMO property with all rooms currently tenanted
  • HMO licence for 6 bedrooms and full compliant
  • Assuming a net rental income of £21,060 per annum (75% of the gross rent) resulting in a net yield of 10%
  • Professionally maintained and in strong rental condition

For more information please contact our team:

0161 337 3890

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49 St Augustine Avenue, Grimsby, DN32 0LD

Fully Licensed 6-Bed HMO | Freehold | High-Yield Investment Opportunity
Overview

Pure Investors are delighted to present this fully licensed 6-bedroom HMO located on St Augustine Avenue, a proven rental hotspot in Grimsby. Offered as a freehold property with strong existing income and comprehensive compliance, this is a ready-made, turnkey investment ideal for HMO landlords, portfolio builders, or first-time investors seeking secure passive income.

The property is fully tenanted, professionally managed, and delivering consistent returns with minimal operational complexity.

Financial Summary

Gross Monthly Income: £2,340

  • Gross Annual Income: £28,080
  • Operating Cost Assumption: 25% (covering utilities, compliance, maintenance, management, voids)
  • Net Annual Income: £21,060
  • Tenure: Freehold
  • Number of Current Tenants: 6
  • ASTs/Licences: Fully in place and compliant
Purchase Price Net Income p.a. NET Yield
£210,000 £21,060 10.0%

This property delivers excellent ROI even under conservative cost assumptions – ideal for investors prioritising high yields and low vacancy risk.

HMO Licensing & Compliance

This property benefits from a full HMO licence and complete certification, ensuring strong operational security and smooth ongoing management.

HMO Licence

  • Licensed for: 6 occupants
  • Issue Date: 10 December 2024
  • Expiry Date: 10 December 2029

Fire Safety Compliance

  • Interlinked Smoke Detection System – Last serviced: 12 December 2024
  • Emergency Lighting Installed & Tested: Yes
  • Fire Doors Installed Throughout: Yes
  • Fire Risk Assessment: Completed
    • Latest Assessment: 12 May 2025

Gas & Electrical Safety

  • Gas Safety Certificate: Yes
    • Date: 07 February 2025
  • EICR: Yes
    • Date: 12 December 2024
  • PAT Testing: Yes
    • Date: 12 December 2024

Energy Performance

  • EPC Rating: D
    • Assessment Date: 25 August 2019

The property is fully compliant with all required HMO safety and legal standards – ideal for hands-off investors seeking a stress-free acquisition.

Property Features
  • Terraced, freehold 6-bed licensed HMO
  • Fully let to 6 tenants with compliant ASTs
  • Professionally maintained and in strong rental condition
  • Interlinked fire safety system with emergency lighting
  • Strong local rental demand ensuring minimal voids
  • Stable income with scope for future rental uplift
Location

Positioned in the DN32 postcode, the property offers tenants excellent access to:

  • Grimsby town centre
  • Shops and amenities
  • Transport links
  • Major employers and industrial hubs

This creates an ideal environment for sustained occupancy and long-term rental performance.

Summary

49 St Augustine Avenue is a high-performing, fully compliant 6-bed HMO offering:

  • Strong net income (£21,060 p.a.)
  • Excellent NET yields
  • Freehold ownership
  • Fully tenanted operation from day one
  • Long remaining HMO licence
  • Comprehensive fire, gas, electrical, and safety certification

This is an ideal turnkey purchase for investors seeking secure, hands-off returns in a thriving rental location.

Get in touch with the team


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