Why invest in Grimsby?
Grimsby offers all the required elements fo a profitable investment area. Demand for rental properties has historically been high and is expected to remain high. Meaning rental voids are unlikely and rent figures remain strong.
This, combined with low property prices makes it possible to achieve 8%+ yield. The UK average is currently 3-5%.
The economic outlook for Grimsby is positive. The Port of Grimsby is one of the UK’s leading automotive ports and a major hub for the offshore wind industry. It also continues to handle a range of other cargoes, while retaining strong links to the fishing and food industries
Some of the bigger business in the town are E-on, Centrica, Orsted, Philips 66 and Young’s Seafood.
By providing good housing for working tenants we have been able to rent properties out immediately and above the market average. We have achieved this with every property we have bought since buying our first investment property in 2020.