2 Bed Terraced House, Single Let, Grimsby, DN31 2RJ, £47,500

Cleveland Street, Grimsby, DN31 2RJ - 2 views - 2 years ago

Sold STC
BTL
ROI: 17%
~80 m²

ValuationUndervalued

Sold Prices£39K - £125K
Sold Prices/m²£512/m² - £2.4K/m²

 

 

Square Metres

~79.90 m²
Price/m²£594/m²

Value Estimate

£57,475
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,875

Stamp Duty & Legal Fees

£3,575

Total Cash In

£15,450

 

 

Cash Out

 

Rent Range

£450 - £840

Rent Estimate

£490

Running Costs/mo

£266

Cashflow/mo

£224

Cashflow/yr

£2,683

ROI

17%

Gross Yield

12%

Local Sold Prices

50 sold prices from £39K to £125K, average is £71.5K. £512/m² to £2.4K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£70K10/230.08 mi199, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RY2
£42K12/220.08 mi143, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QS2
£60K04/210.18 mi31, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RL2
£53K06/210.37 mi93, Haven Avenue, Grimsby, North East Lincolnshire DN31 2NX2
£48.5K02/210.37 mi96, Haven Avenue, Grimsby, Humberside DN31 2NX2
£79K07/230.4 mi77, Lister Street, Grimsby, North East Lincolnshire DN31 2JW2
£92K12/220.4 mi59, Lister Street, Grimsby, North East Lincolnshire DN31 2JW2
£85K07/210.41 mi250, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EP2
£64K07/230.41 mi40, James Street, Grimsby, North East Lincolnshire DN31 2JD2
£100K03/230.43 mi11, Finchley Court, Grimsby, North East Lincolnshire DN31 2FE2
£68K06/210.44 mi82, James Street, Grimsby, North East Lincolnshire DN31 2JE2
£60K02/210.44 mi39, James Street, Grimsby, Humberside DN31 2JE2
£92.5K08/210.46 mi306, Cromwell Road, Grimsby, North East Lincolnshire DN31 2BN2
£62K03/230.48 mi146, Lord Street, Grimsby, North East Lincolnshire DN31 2NQ2
£125K11/210.49 mi2, Freshney Drive, Grimsby, North East Lincolnshire DN31 1TP2
£60K04/230.5 mi50, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PB2
£70K06/210.5 mi15, Jackson Street, Grimsby, North East Lincolnshire DN31 1TS2
£67.5K12/220.51 mi221, Cromwell Road, Grimsby, North East Lincolnshire DN31 2BE2
£90K07/210.51 mi237, Cromwell Road, Grimsby, North East Lincolnshire DN31 2BE2
£76K09/230.52 mi30, York Street, Grimsby, North East Lincolnshire DN31 1TR2
£62K10/210.54 mi43, Lawson Avenue, Grimsby, North East Lincolnshire DN31 2EN2
£62K10/210.54 mi43, Lawson Avenue, Grimsby, North East Lincolnshire DN31 2EN2
£95K06/230.55 mi23, Clark Avenue, Grimsby, North East Lincolnshire DN31 2BQ2
£72K11/210.55 mi43, Clark Avenue, Grimsby, North East Lincolnshire DN31 2BQ2
£69K08/210.55 mi44, Clark Avenue, Grimsby, North East Lincolnshire DN31 2BQ2
£84K07/220.55 mi22, Clark Avenue, Grimsby, North East Lincolnshire DN31 2BQ2
£60K03/230.55 mi1, Richard Street, Grimsby, North East Lincolnshire DN31 2PE2
£63K11/220.55 mi43, Bowers Avenue, Grimsby, North East Lincolnshire DN31 2BG2
£60.5K07/210.57 mi34, Haycroft Avenue, Grimsby, North East Lincolnshire DN31 2HN2
£69K09/210.58 mi102, Lord Street, Grimsby, North East Lincolnshire DN31 2NG2
£39K02/230.59 mi91, Lime Street, Grimsby, North East Lincolnshire DN31 2HJ2
£62K08/210.59 mi148, Haycroft Street, Grimsby, Humberside DN31 2ED2
£83K08/230.6 mi5, Wells Street, Grimsby, North East Lincolnshire DN31 2DG2
£58K07/230.62 mi19, Haycroft Avenue, Grimsby, North East Lincolnshire DN31 2DY2
£58K02/210.63 mi62, Ripon Street, Grimsby, Humberside DN31 2HQ2
£77K11/220.63 mi68, Ripon Street, Grimsby, North East Lincolnshire DN31 2HQ2
£85K05/210.63 mi15, Bramble Close, Grimsby, North East Lincolnshire DN31 2DB2
£95K04/220.63 mi11, Bramble Close, Grimsby, North East Lincolnshire DN31 2DB2
£76K10/200.64 mi43, Waterside Drive, Grimsby, North East Lincolnshire DN31 1RY2
£87.5K08/230.64 mi11, Waterside Drive, Grimsby, North East Lincolnshire DN31 1RY2
£71K10/200.64 mi33, Waterside Drive, Grimsby, North East Lincolnshire DN31 1RY2
£78K03/210.64 mi21, Waterside Drive, Grimsby, North East Lincolnshire DN31 1RY2
£91.5K04/230.64 mi67, Waterside Drive, Grimsby, North East Lincolnshire DN31 1RY2
£90K12/220.64 mi1, Waterside Drive, Grimsby, North East Lincolnshire DN31 1RY2
£115K12/210.64 mi3, Bramble Close, Grimsby, North East Lincolnshire DN31 2DB2
£117.7K03/230.64 mi10, Harrison Street, Grimsby, North East Lincolnshire DN31 2DX2
£90K07/230.64 mi44, Fairfax Road, Grimsby, North East Lincolnshire DN34 4AP2
£75K02/210.64 mi20, Fairfax Road, Grimsby, Humberside DN34 4AP2
£71K10/210.66 mi11, Sidney Road, Grimsby, North East Lincolnshire DN34 4AU2
£86.5K05/230.66 mi27, Sidney Road, Grimsby, North East Lincolnshire DN34 4AU2

Local Rents

22 rents from £450/mo to £840/mo, average is £570/mo.

RentDateDistanceAddressBeds 
£60003/240.32 miBoulevard Avenue, Grimsby2
£65001/240.34 mi-2
£65001/240.34 mi-2
£57503/240.38 miJoseph Street, Grimsby, Lincolnshire, DN312
£62503/240.38 miLister Street, Grimsby2
£60003/240.42 miFinchley Court, Grimsby, Lincolnshire, DN312
£56411/240.45 mi-2
£59510/230.51 mi-2
£50003/240.52 mi-2
£52503/240.54 miHaycroft Street, Grimsby, Lincolnshire, DN312
£60003/240.54 mi8 Bowers Avenue, Grimsby2
£55003/240.55 miSaunders Street, Grimsby, Lincolnshire, DN312
£50003/250.56 mi-2
£49003/240.57 miHaycroft Avenue, Grimsby2
£45003/240.57 miLynton Parade, Grimsby2
£60003/240.57 miBowers Avenue, Grimsby2
£84004/240.6 miMacaulay Park, Grimsby, DN312
£84003/240.6 miDane Park, Hull, HU62
£53503/240.6 mi-2
£53503/240.6 mi-2
£52508/240.6 mi-2
£55001/250.6 mi-2

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

1.22 miles away

Nearest school

0.90 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £47,500

March 19, 2023

Floor Plans

Description

  • End of Terrace Freehold House +
  • Two Double bedrooms +
  • Rear Garden +
  • Large First Floor Bathroom +
  • Gas Central Heating +
  • UPVC Double Glazing +
  • No Onward Chain +
  • Ideal 1st Purchase +
  • Potential Investment Property +

**All enquiries or viewing requests should be submitted online via this advert
**
IDEAL FOR FIRST-TIME BUYERS/INVESTORS. 

Hauzoo are delighted to offer For Sale this two bedroom end of terrace house located in a quiet cul-de-sac position just off Elsenham Road.
The property is well proportioned throughout but would benefit from some redecoration works.

Ground floor accommodation briefly comprises entrance porch, spacious through living room with ample dining space and kitchen to the rear which has direct access to a good sized rear garden.
On the first floor are two double bedrooms and the bathroom.

The property benefits from uPVC double glazing and has a gas central heating system with combination boiler.

Summary:

  • Offers Over:          £47,500
  • Tenure:                  Freehold
  • Council tax band:            A All enquiries or viewing requests should be submitted online via this advert

Agent Details

HAUZOO, London

020 3907 0635

Next Steps?

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