3 Bed Detached House, Refurb/BRRR, Grimsby, DN36 4TH, £215,000

3 MIDFIELD ROAD, HUMBERSTON, GRIMSBY, DN36 4TH - 2 years ago

Refurb/BRRR
ROI: 3%
89 m²
+13 photos

ValuationFair Value

Sold Prices£80K - £372.5K
Sold Prices/m²£1K/m² - £5.9K/m²

 

 

Square Metres

89 m²
Price/m²£2.4K/m²

Value Estimate

£213,061

 

 

End Value (After Refurb)

£202,646

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£13,750

Refurb Costs

£35,991

Bridging Loan Interest

£5,644

Total Cash In

£110,885

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£202,646

Mortgage (After Refinance)

£151,985

Mortgage LTV

75%

Cash Left In

£110,885

Equity

£50,662

Rent Range

£750 - £3,337

Rent Estimate

£1,114

Running Costs/mo

£876

Cashflow/mo

£238

Cashflow/yr

£2,855

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £80K to £372.5K, average is £201.8K. £1K/m² to £5.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£219.9K08/230.02 mi32, Midfield Road, Humberston, Grimsby, North East Lincolnshire DN36 4TH3
£180K04/230.03 mi9, Barn Owl Close, Humberston, Grimsby, North East Lincolnshire DN36 4SH3
£265K01/230.09 mi21, Church Lane, Humberston, Grimsby, North East Lincolnshire DN36 4HZ3
£230K12/200.09 mi15, Church Lane, Humberston, Grimsby, North East Lincolnshire DN36 4HZ3
£160K10/210.12 mi20, Woodfield Close, Humberston, Grimsby, North East Lincolnshire DN36 4UW3
£240K06/230.12 mi10, Woodfield Close, Humberston, Grimsby, North East Lincolnshire DN36 4UW3
£225K04/210.13 mi10, Richardson Close, Humberston, Grimsby, North East Lincolnshire DN36 4HY3
£235K01/230.15 mi10, Sinderson Road, Humberston, Grimsby, North East Lincolnshire DN36 4UF3
£265K11/200.19 mi72, Church Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4HP3
£142K02/210.22 mi40, Fieldhouse Road, Humberston, Grimsby, North East Lincolnshire DN36 4UJ3
£158K03/210.24 mi13, St Mathews Road, Humberston, Grimsby, North East Lincolnshire DN36 4EE3
£145K06/210.25 mi31, Sinderson Road, Humberston, Grimsby, North East Lincolnshire DN36 4TY3
£203.5K12/200.27 mi23, Hewson Road, Humberston, Grimsby, North East Lincolnshire DN36 4UD3
£263.8K06/230.27 mi6, Chapman Crescent, Humberston, Grimsby, North East Lincolnshire DN36 4UE3
£190K11/200.27 mi9, Chapman Crescent, Humberston, Grimsby, North East Lincolnshire DN36 4UE3
£245K04/210.29 mi6, The Crofts, Humberston, Grimsby, North East Lincolnshire DN36 4DN3
£287.5K10/220.31 mi251, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4JA3
£215K08/210.33 mi23, Lidgard Road, Humberston, Grimsby, North East Lincolnshire DN36 4XJ3
£185K05/210.33 mi10, Church Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4DB3
£160K12/220.34 mi12, St Johns Road, Humberston, Grimsby, North East Lincolnshire DN36 4DY3
£270K09/230.34 mi60, Sinderson Road, Humberston, Grimsby, North East Lincolnshire DN36 4UB3
£372.5K12/220.36 mi19a, Tetney Road, Humberston, Grimsby, North East Lincolnshire DN36 4JE3
£169.9K03/230.37 mi16, Queen Elizabeth Road, Humberston, Grimsby, North East Lincolnshire DN36 4DD3
£140K03/210.37 mi2, Hurst Lea Drive, Humberston, Grimsby, North East Lincolnshire DN36 4XG3
£320K04/230.38 mi29, Queen Elizabeth Road, Humberston, Grimsby, North East Lincolnshire DN36 4DQ3
£190K04/210.39 mi11, Paul Crescent, Humberston, Grimsby, North East Lincolnshire DN36 4DF3
£180K01/230.39 mi53, St Christophers Road, Humberston, Grimsby, North East Lincolnshire DN36 4EA3
£200K02/210.41 mi118, North Sea Lane, Humberston, Grimsby, North East Lincolnshire DN36 4XE3
£299.9K10/220.41 mi76, Westbury Road, Cleethorpes, North East Lincolnshire DN35 0QL3
£235K01/230.43 mi306, Grimsby Road, Humberston, Grimsby, North East Lincolnshire DN36 4AA3
£198K03/210.43 mi324, Grimsby Road, Humberston, Grimsby, North East Lincolnshire DN36 4AA3
£210K12/200.43 mi308, Grimsby Road, Humberston, Grimsby, North East Lincolnshire DN36 4AA3
£150K01/210.44 mi13, Poplar Drive, Humberston, Grimsby, North East Lincolnshire DN36 4XD3
£187K03/210.44 mi30, Forest Way, Humberston, Grimsby, North East Lincolnshire DN36 4HQ3
£301K07/230.45 mi32, Westbury Road, Cleethorpes, North East Lincolnshire DN35 0QE3
£185K07/230.46 mi35, Glebe Road, Humberston, Grimsby, North East Lincolnshire DN36 4JP3
£249.4K12/200.47 mi41, Tetney Road, Humberston, Grimsby, North East Lincolnshire DN36 4JQ3
£242K06/230.47 mi53, Tetney Road, Humberston, Grimsby, North East Lincolnshire DN36 4JQ3
£220K01/210.47 mi10, Mayfair Court, Cleethorpes, North East Lincolnshire DN35 0QG3
£205K12/200.48 mi7, Fairfield Court, Cleethorpes, North East Lincolnshire DN35 0QW3
£190K06/210.48 mi22, Glebe Road, Humberston, Grimsby, North East Lincolnshire DN36 4JR3
£145K07/220.48 mi14, Glebe Road, Humberston, Grimsby, North East Lincolnshire DN36 4JR3
£185K02/230.5 mi25, Westport Road, Cleethorpes, North East Lincolnshire DN35 0QF3
£80K05/210.52 mi14, Meadow View, Cleethorpes, North East Lincolnshire DN35 0QU3
£152K08/210.52 mi4, Grosvenor Court, Cleethorpes, North East Lincolnshire DN35 0PA3
£210K10/200.52 mi23, Waldorf Road, Cleethorpes, North East Lincolnshire DN35 0QD3
£215K10/200.52 mi37, Waldorf Road, Cleethorpes, North East Lincolnshire DN35 0QD3
£170K02/230.52 mi3, Waldorf Road, Cleethorpes, North East Lincolnshire DN35 0QD3
£125K11/200.52 mi14, Delamere Court, Cleethorpes, North East Lincolnshire DN35 0TT3
£150K07/230.52 mi7, Delamere Court, Cleethorpes, North East Lincolnshire DN35 0TT3

Local Rents

11 rents from £750/mo to £3.3K/mo, average is £905/mo.

RentDateDistanceAddressBeds 
£92504/240.15 miFern Close, Humberston, Grimsby, DN363
£90503/240.15 miFern Close, Humberston, Grimsby, Lincolnshire, DN363
£89504/240.38 miQueen Elizabeth Road, Humberston, Grimsby3
£85001/250.53 mi-3
£92503/240.66 miAlder Avenue, Humberston, Grimsby, Lincolnshire, DN363
£87503/240.69 miPrimrose Way, Cleethorpes3
£3,33702/250.98 mi-3
£75003/241.11 miCottesmore Road, Cleethorpes3
£95003/241.16 miPytchley Walk, Cleethorpes, DN353
£89503/241.16 miParklands Avenue, Humberston, Grimsby, Lincolnshire, DN363
£95003/241.21 miBeaufort Crescent, Cleethorpes3

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

3.54 miles away

Nearest school

0.10 miles away

Nearest train station

2.19 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £215,000

January 23, 2025

Price changed to £220,000

September 25, 2024

Listed for £230,000

October 21, 2022

Floor Plans

Description

  • Detached House +
  • Living Room & Dining Room +
  • Fitted Kitchen +
  • 2 Double Bedrooms +
  • Bathroom (Bath & Basin) & Separate W.C. +
  • Large Integral Double Garage (With Potential To Be Converted Into Ground Floor Accommodation) +
  • uPVC Double Glazing +
  • Red Brick Driveway +

Jackson, Green and Preston are pleased to offer for sale this three double bedroomed detached house situated in this sought-after residential position lying just off Church Avenue in the popular village of Humberston with its highly regarded schools.
Although in need of general modernisation the property enjoys the benefit of uPVC double glazing and has a gas central heating system (new boiler installed January 2023.
The well planned accommodation briefly comprises hall, living room, dining room and kitchen on the ground floor whilst on the first floor are three double bedrooms and bathroom (bath and basin) and a separate w.c.
Particularly noteworthy the property has a large integral double garage which is excellent for off-road parking but also provides the possibility of further extending the ground floor accommodation to provide a fourth bedroom/large sitting room/granny annex etc if required.
A HOME WITH GREAT POTENTIAL - VIEWING HIGHLY RECOMMENDED.

Agent Details

Jackson Green and Preston, Grimsby

01472 404357

Next Steps?

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