3 Bed Detached House, Refurb/BRRR, Immingham, DN40 2HA, £210,000

Standish Lane, Immingham, DN40 2HA - 3 views - 2 years ago

Sold STC
Refurb/BRRR
~116 m²
+12 photos

ValuationOvervalued

Sold Prices£85K - £245K
Sold Prices/m²£926/m² - £2.6K/m²

 

 

Square Metres

~115.94 m²
Price/m²£1.8K/m²

Value Estimate

£205,870

 

 

End Value (After Refurb)

£209,391

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£47,001

Bridging Loan Interest

£5,513

Total Cash In

£114,264

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£209,391

Mortgage (After Refinance)

£157,043

Mortgage LTV

75%

Cash Left In

£114,264

Equity

£52,348

Rent Range

£445 - £950

Rent Estimate

£685

Running Costs/mo

£811

Cashflow/mo

£-126

Cashflow/yr

£-1,516

Gross Yield

4%

Local Sold Prices

50 sold prices from £85K to £245K, average is £157.5K. £926/m² to £2.6K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£215K06/210.03 mi16, Standish Lane, Immingham, North East Lincolnshire DN40 2HA3
£182K04/210.09 mi101, Clyfton Crescent, Immingham, North East Lincolnshire DN40 2BU3
£178K11/200.09 mi9, Weston Grove, Immingham, North East Lincolnshire DN40 2DE3
£192.5K04/210.12 mi3, Morton Close, Immingham, North East Lincolnshire DN40 2BP3
£180K09/220.17 mi75, Winslow Drive, Immingham, North East Lincolnshire DN40 2DH3
£170K09/220.17 mi39, Winslow Drive, Immingham, North East Lincolnshire DN40 2BY3
£160K04/210.19 mi6, Balfour Place, Immingham, North East Lincolnshire DN40 2EP3
£119K01/230.2 mi10, Hollingsworth Avenue, Immingham, North East Lincolnshire DN40 2ET3
£215K03/230.21 mi3, Pilgrims Way, Immingham, North East Lincolnshire DN40 2HD3
£155K05/230.22 mi26, Woodlands Avenue, Immingham, North East Lincolnshire DN40 2JB3
£135K10/200.22 mi23, Winslow Drive, Immingham, North East Lincolnshire DN40 2BH3
£155K04/230.23 mi9, Woodlands Avenue, Immingham, North East Lincolnshire DN40 2JA3
£150K11/210.23 mi11, Leyden Close, Immingham, North East Lincolnshire DN40 2BL3
£149.9K12/220.23 mi47, Woodlands Avenue, Immingham, North East Lincolnshire DN40 2JA3
£153.8K12/200.24 mi5, Cedar Drive, Immingham, North East Lincolnshire DN40 2JE3
£220K11/220.25 mi2, Cleveland Close, Immingham, North East Lincolnshire DN40 2RS3
£188K04/230.26 mi2, Sonja Crest, Immingham, North East Lincolnshire DN40 2EG3
£127K09/200.26 mi7, Sonja Crest, Immingham, North East Lincolnshire DN40 2EG3
£200K10/220.28 mi10, Pilgrims Way, Immingham, North East Lincolnshire DN40 2HD3
£165K03/210.28 mi5, Pilgrims Way, Immingham, North East Lincolnshire DN40 2HD3
£162.5K10/210.3 mi3, Valda Vale, Immingham, North East Lincolnshire DN40 2ED3
£130K05/210.3 mi12, Valda Vale, Immingham, North East Lincolnshire DN40 2ED3
£130K05/230.3 mi2, Valda Vale, Immingham, North East Lincolnshire DN40 2ED3
£245K05/210.3 miHonorlea, 2a, Winslow Drive, Immingham, North East Lincolnshire DN40 2BQ3
£178K03/230.31 mi26, Sonja Crest, Immingham, North East Lincolnshire DN40 2EQ3
£162.5K08/210.32 mi12, St Andrews Way, Immingham, North East Lincolnshire DN40 2HH3
£155K11/200.32 mi7, St Andrews Way, Immingham, North East Lincolnshire DN40 2HH3
£244K10/220.33 mi24, Pilgrims Way, Immingham, North East Lincolnshire DN40 2HD3
£139.9K01/230.34 mi29, Clyfton Crescent, Immingham, North East Lincolnshire DN40 2AZ3
£205K12/220.35 mi12, Spinney Close, Immingham, North East Lincolnshire DN40 2JT3
£179.9K10/200.35 mi5, Viking Close, Immingham, North East Lincolnshire DN40 2RT3
£149.9K09/200.36 mi44, Sonja Crest, Immingham, North East Lincolnshire DN40 2EQ3
£160K12/220.37 mi20, Robert Close, Immingham, North East Lincolnshire DN40 2EH3
£143.5K11/210.38 mi17, Robert Close, Immingham, North East Lincolnshire DN40 2EH3
£147K09/200.41 mi314, Pelham Road, Immingham, North East Lincolnshire DN40 1PT3
£235K07/210.41 mi302, Pelham Road, Immingham, North East Lincolnshire DN40 1PT3
£115K07/220.41 mi15, Bluestone Lane, Immingham, North East Lincolnshire DN40 2DU3
£165.1K12/220.44 mi404, Pelham Road, Immingham, North East Lincolnshire DN40 1PY3
£162.5K09/220.44 miWayside, Green Lane, Immingham, North East Lincolnshire DN40 2AX3
£135K01/230.45 mi416, Pelham Road, Immingham, North East Lincolnshire DN40 1PY3
£113K01/210.45 mi420, Pelham Road, Immingham, North East Lincolnshire DN40 1PY3
£96.3K06/230.45 mi283, Pelham Road, Immingham, North East Lincolnshire DN40 1JU3
£164.9K11/220.47 mi281, Pelham Road, Immingham, North East Lincolnshire DN40 1JU3
£182.5K09/220.47 mi51, Steeping Drive, Immingham, North East Lincolnshire DN40 2DS3
£85K05/220.48 mi32, Margaret Street, Immingham, North East Lincolnshire DN40 1JY3
£112K08/220.49 mi29, Steeping Drive, Immingham, North East Lincolnshire DN40 2DS3
£134.9K10/210.49 mi161, Woodlands Avenue, Immingham, North East Lincolnshire DN40 2LW3
£132.5K03/210.49 mi23, Steeping Drive, Immingham, North East Lincolnshire DN40 2DS3
£141K04/210.49 mi4, Steeping Drive, Immingham, North East Lincolnshire DN40 2DS3
£122K04/210.5 mi52, Thornton Place, Immingham, North East Lincolnshire DN40 1NE3

Local Rents

14 rents from £445/mo to £950/mo, average is £713/mo.

RentDateDistanceAddressBeds 
£55012/240.16 mi-3
£75012/240.37 miRoval Drive, Immingham3
£65005/240.49 mi-2
£65012/240.51 miMuirfield Croft, Immingham2
£55001/250.51 mi-2
£75512/240.52 miBurton Road, Immingham, Lincolnshire, DN402
£75012/240.65 miPrincess Street, Immingham, DN403
£80001/240.69 mi-3
£67512/240.82 miTalbot Road, Immingham3
£95012/240.85 miShetland Way, Immingham, Lincolnshire, DN403
£44512/242 mi-1
£46512/242.02 mi-1
£85012/242.07 mi-4
£75012/242.42 mi-4

Local Area Statistics

Population in DN40

12,059

Population in Immingham

12,141

Town centre distance

0.42 miles away

Nearest school

0.20 miles away

Nearest train station

2.13 miles away

 

 

Rental growth (12m)

-18%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £210,000

July 1, 2023

Floor Plans

Description

  • Three/Four bed detached house +
  • Being sold with NO FORWARD CHAIN +
  • Ample off road parking with detached garage +
  • Large wrap around garden +
  • Highly desirable area within Immingham +
  • Range of local amenities and good schools nearby +
  • uPVC double glazing and gas central heating +
  • Energy performance rating C and Council tax band C +

Crofts Estate Agents are delighted to offer for sale with NO FORWARD CHAIN this spacious three/four bed detached family home which is located within a highly desirable area within the town of Immingham. This home is perfectly positioned with a range of local amenities nearby, schools for children of all ages and excellent road links. Requiring a scheme of modernisation throughout, this home boasts plenty of potential for the next owner to really transform it into something quite special. Another benefit is that the property can easily be converted back to a four bed, if required. Internal viewing will reveal an porch, entrance hallway, lounge, dining room, kitchen and WC. To the first floor there are three excellent size bedrooms and a large family bathroom with four piece suite.. Externally, the property benefits from ample off road parking with detached garage and a large matured wrap around garden. Viewings are strongly recommended in order to fully appreciate all that the property has to offer.

Agent Details

Crofts Estate Agents, Immingham

01469 425230

Next Steps?

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