2 Bed Flat, Single Let, Grimsby, DN31 1XR, £50,000

2 RAVENSPURN WAY, GRIMSBY DN31 1XR - 2 years ago

Sold STC
Leasehold
BTL
ROI: 14%
57 m²
+3 photos

ValuationUndervalued

Sold Prices£31.9K - £177.5K
Sold Prices/m²£482/m² - £2.1K/m²

 

 

Square Metres

57 m²
Price/m²£877/m²

Value Estimate

£61,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£450 - £950

Rent Estimate

£454

Running Costs/mo

£267

Cashflow/mo

£187

Cashflow/yr

£2,243

ROI

14%

Gross Yield

11%

Local Sold Prices

34 sold prices from £31.9K to £177.5K, average is £100K. £482/m² to £2.1K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£55.8K12/210 mi44, Ravenspurn Way, Grimsby, North East Lincolnshire DN31 1XR2
£50K11/220 mi50, Ravenspurn Way, Grimsby, North East Lincolnshire DN31 1XR2
£31.9K04/220.04 mi2, Ravenspurn Way, Grimsby, North East Lincolnshire DN31 1XR2
£65K11/220.26 mi1, Alexandra Wharf, Grimsby, North East Lincolnshire DN31 1TQ2
£42.5K01/210.52 mi71a, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DN2
£100K11/220.54 mi21, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£121.5K05/210.55 miFlat D, Field House, Pelham Road, Grimsby, North East Lincolnshire DN34 4UF2
£177.5K10/200.55 miFlat F, Field House, Pelham Road, Grimsby, North East Lincolnshire DN34 4UF2
£142K05/230.55 miFlat D, Field House, Pelham Road, Grimsby, North East Lincolnshire DN34 4UF2
£117.5K10/220.55 mi15, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£129.9K05/210.55 mi24, Grosvenor Crescent, Grimsby, Humberside DN32 0QJ2
£136K11/200.55 mi7, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£108K09/210.55 mi3, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£87K10/220.55 mi54, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£105K12/210.55 mi27, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£90K05/220.56 mi1, Wellowgate Mews, Grimsby, North East Lincolnshire DN32 0RY2
£130K10/220.67 mi4, St James Court, Grimsby, North East Lincolnshire DN34 4SX2
£91K01/210.67 mi19, St James Court, Grimsby, North East Lincolnshire DN34 4SX2
£125K03/230.67 mi3, St James Court, Grimsby, North East Lincolnshire DN34 4SX2
£110K05/220.72 mi8, Selmeston Court, Grimsby, North East Lincolnshire DN34 4TB2
£33.5K03/230.73 mi24, Werneth Road, Grimsby, North East Lincolnshire DN32 7EF2
£90K05/210.75 mi16, Abbey Park Mews, Grimsby, North East Lincolnshire DN32 0JA2
£60K04/230.76 mi52a, Ainslie Street, Grimsby, North East Lincolnshire DN32 0LY2
£120K11/210.78 mi4c, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0HP2
£107K10/220.83 mi1, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£98K06/220.83 mi17, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£90K12/200.83 mi22, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£100K03/230.83 mi12, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£90K12/200.83 mi22, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£127.5K06/220.83 mi6, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£45K05/220.84 mi240, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LJ2
£50K06/220.89 mi121, Convamore Road, Grimsby, North East Lincolnshire DN32 9ED2
£104.5K11/220.96 mi8, Holly Mews, Grimsby, North East Lincolnshire DN34 4GL2
£105K10/220.96 mi2, Holly Mews, Grimsby, North East Lincolnshire DN34 4GL2

Local Rents

50 rents from £450/mo to £950/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£84004/240.06 miMacaulay Park, Grimsby, DN312
£84003/240.06 miDane Park, Hull, HU62
£59504/240.08 miWaterside Drive, Grimsby, Lincolnshire, DN312
£65004/240.14 miWaterside Drive, Grimsby2
£53503/240.16 mi-2
£53503/240.16 mi-2
£58001/240.2 mi-2
£59510/240.2 mi-2
£65003/250.2 mi-2
£48503/240.2 miDover Street, Grimsby2
£45002/250.23 mi-2
£85004/240.25 miMacaulay Park, Grimsby, DN312
£85004/240.25 miMacaulay Park, Grimsby, DN312
£56411/240.25 mi-2
£55003/240.27 miSaunders Street, Grimsby, Lincolnshire, DN312
£57504/240.28 miRipon Street, Grimsby, Lincolnshire, DN312
£50003/250.28 mi-2
£52503/240.29 miHaycroft Street, Grimsby, Lincolnshire, DN312
£49503/240.29 miRipon Street, Grimsby2
£49003/240.31 miHaycroft Avenue, Grimsby2
£57503/240.31 miJoseph Street, Grimsby, Lincolnshire, DN312
£60003/240.33 miBoulevard Avenue, Grimsby2
£65001/240.36 mi-2
£65001/240.36 mi-2
£59503/240.37 miVictoria Wharf, Grimsby, DN312
£55005/240.37 miMacaulay Street, Grimsby2
£55003/240.37 miMacaulay Street, Grimsby, DN312
£59503/240.38 miVictoria Court,Grimsby2
£55003/240.39 miHaycroft Avenue, Grimsby2
£62503/240.42 miMacaulay Street, Grimsby, Lincolnshire, DN312
£67503/240.43 miBramble Close, Grimsby2
£62503/240.43 miLister Street, Grimsby2
£50003/240.43 mi-2
£45003/240.44 miQueens Parade, Grimsby, DN312
£52508/240.44 mi-2
£55002/250.44 mi-2
£52011/240.49 mi-2
£55003/240.53 miWellowgate Mews, Grimsby2
£45003/240.54 miLynton Parade, Grimsby2
£65006/240.54 mi-2
£64512/230.54 mi-2
£95004/240.55 miPelham Road, Grimsby, DN342
£62504/240.57 miPelham Road, Grimsby, North East Lincolnshire, DN342
£69503/240.57 miPelham Road, Grimsby, NE Lincolnshire, DN342
£75003/240.57 miPelham Road, Grimsby2
£75002/250.58 mi-2
£75003/250.58 mi-2
£75003/250.58 mi-2
£75003/250.58 mi-2
£60003/240.58 miLittle Michael Street, Grimsby2

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

0.89 miles away

Nearest school

0.20 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £50,000

January 10, 2023

Floor Plans

Description

  • VIDEO VIEWING AVAILABLE +
  • Purpose Built First Floor Flat With Garage +
  • Living Room +
  • Kitchen +
  • 2 Bedrooms +
  • Bathroom +
  • Some uPVC Double Glazing & Electric Heaters +
  • Front Garden & Garage In Block To Rear +
  • Conveniently Placed For Grimsby Town Centre & Humber Bank Industries +
  • 116 Years Remaining On Lease +

(WE ARE OFFERING PART ONLY OF THE PROPERTY SHOWN IN THE PHOTOGRAPH)
ATTENTION INVESTORS - This is a purpose built first floor apartment with garage, conveniently place for Grimsby town centre and the Humber Bank Industries.
Benefitting from some double glazing and electric independent heaters it offers well planned self contained accommodation comprising private entrance lobby and stairs to landing, living room, fitted kitchen (including oven and hob), two good sized bedrooms along with a bathroom (bath, w.c., wash hand basin).
Having the use of the front garden, the property also has the benefit of a garage in a block to the rear.
FANTASTIC OPPORTUNITY - VIEWING ESSENTIAL.

Agent Details

Jackson Green and Preston, Grimsby

01472 404357

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪