Grimsby · NG34 9BE · 4-bed
Chapel Lane, Little Hale
© OpenStreetMap · click to open in maps
Asking price
£395,000
Verdict
Overpriced by £51,906 vs 4-bed homes nearby
What you could do with it
Estimated gross yields from current rental comps. Numbers are pre-cost — service, voids, mortgage, management still come off these.
Standard BTL
Best fit£1,400/mo
4.3% gross yield
Open-market tenant on a 12-month AST.
LHA / Section 8
£848/mo
2.6% gross yield
Council-paid tenant. Stable rent, longer tenancies, slight discount to market.
Council lease
£721/mo
2.2% gross yield
3–5 yr guaranteed-rent lease to a housing association. Hands-off.
Who is this for?
Quick read across the buyer personas. ✅ = good fit · ⚠ = workable with caveats · ❌ = look elsewhere.
Family home
4-bed but EPC unknown — factor retrofit cost or budget for it.
Standard BTL
4.3% gross — tight; works only with low costs / cheap finance.
Buy + rent later
Rent would cover most mortgage costs but you'd top up if it sat empty for a few months.
The numbers
England (SDLT) · 75% LTV mortgage at 5.5% over 25 years (capital repayment).
Stamp duty
First-time buyer
£0
Home mover
£7,250
2nd home / BTL
£27,000
Mortgage @ 75% LTV
- Loan
- £296,250
- Deposit
- £98,750
- Per month
- £1,819
Cash you'd need to walk in (deposit + investor SDLT, before legal/survey): £125,750
Should you pay this?
Asking price is roughly £51,906 above what 4-bed homes typically go for here.
You're paying £395,000. Comparable 4-bed homes in this area suggest a market price of around £343,094.
Contains HM Land Registry data © Crown copyright and database right.
What it'd rent for
£1,400/month4.25% gross yield
Based on 84 live rentals in Grimsby · 4-bed homes here average £1,218/mo.
Most landlords need 5%+ gross to break even after costs in this area, so this is tight as a fallback — worth running the numbers carefully.
Property features
- []
Loading nearby sold…
5-year price trend
Crime risk
Flood risk
Schools & Ofsted
No schools indexed yet for this postcode sector. The official sources below cover every UK postcode.
Catchments aren't published nationally; many schools use distance-from-school as the deciding factor. The links above give you the official data — only the local authority can confirm a specific year's catchment boundary.
Contains public sector information licensed under the Open Government Licence v3.0.
HMO licensing
£825 – £1,500typical UK HMO fee, 5-year licence
4-bed property. Mandatory licensing kicks in at 5+ unrelated occupants. Below that, a licence is only required if the council runs an additional or selective scheme — the link below is the way to check.
The council's HMO page lists the current mandatory fee plus any additional / selective scheme that catches smaller HMOs.
Find borough HMO licensing page on gov.ukMandatory licensing applies UK-wide for 5+ sharer HMOs (Housing Act 2004). Scotland licenses 3+ sharers; Wales also requires Rent Smart Wales registration for every landlord.
Area pulse
- 3,605 new listings here in the last month — good comparable supply.
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