7 Bed HMO, Cleethorpes, DN35 8JU, £239,950

Isaacs Hill, Cleethorpes, DN35 8JU - 1 views - 2 years ago

HMO
ROI: 15%
~135 m²
+8 photos

ValuationFair Value

Sold Prices£85K - £469.9K
Sold Prices/m²£622/m² - £2.7K/m²

 

 

Square Metres

~134.99 m²
Price/m²£1.8K/m²

Value Estimate

£241,403

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£59,988

Stamp Duty & Legal Fees

£15,497

Total Cash In

£75,484

 

 

Cash Out

 

Room Rate

£438

Gross Rent

£3,066

Running Costs/mo

£2,114

Cashflow/mo

£952

Cashflow/yr

£11,420

ROI

15%

Gross Yield

15%

Local Sold Prices

47 sold prices from £85K to £469.9K, average is £202K. £622/m² to £2.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£195K09/210.12 mi3, Clee Road, Cleethorpes, North East Lincolnshire DN35 8AD4
£200K12/200.18 mi372, Grimsby Road, Cleethorpes, North East Lincolnshire DN35 8AH4
£223.5K12/220.22 mi42, Albert Road, Cleethorpes, North East Lincolnshire DN35 8LX4
£199.9K03/210.27 mi423, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 8AA4
£129.9K06/210.29 mi11, West Street, Cleethorpes, North East Lincolnshire DN35 8QA4
£115K11/200.3 mi102, Mill Road, Cleethorpes, North East Lincolnshire DN35 8JD4
£126K12/200.3 mi74, Mill Road, Cleethorpes, North East Lincolnshire DN35 8JD4
£240K09/230.36 mi10, Knoll Street, Cleethorpes, North East Lincolnshire DN35 8LL4
£222.5K10/210.37 mi82, Clee Road, Grimsby, North East Lincolnshire DN32 8NX4
£170K08/210.41 mi18, Highgate, Cleethorpes, North East Lincolnshire DN35 8NR4
£160K11/200.43 mi71, Normandy Road, Cleethorpes, North East Lincolnshire DN35 9JE4
£115K01/230.48 mi345, Grimsby Road, Cleethorpes, North East Lincolnshire DN35 7ES4
£197.5K02/230.51 mi1, Stevenson Place, Cleethorpes, North East Lincolnshire DN35 9JH4
£189.9K03/210.51 mi27a, Parker Street, Cleethorpes, North East Lincolnshire DN35 8TH4
£154K11/210.52 mi26, Oxford Street, Cleethorpes, North East Lincolnshire DN35 8RG4
£160K09/210.55 mi82, Thrunscoe Road, Cleethorpes, North East Lincolnshire DN35 8TF4
£118K05/210.55 mi86, Thrunscoe Road, Cleethorpes, North East Lincolnshire DN35 8TF4
£130K03/210.57 mi9, Rowston Street, Cleethorpes, North East Lincolnshire DN35 8QR4
£230K01/210.59 mi46, Queens Parade, Cleethorpes, North East Lincolnshire DN35 0DG4
£308K06/230.61 mi95, Queens Parade, Cleethorpes, North East Lincolnshire DN35 0DQ4
£116K03/210.61 mi323, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7QX4
£185K02/210.61 mi10, Blenheim Place, Cleethorpes, North East Lincolnshire DN35 9BG4
£330K11/200.61 mi15, Brooklands Avenue, Cleethorpes, Humberside DN35 8QP4
£469.9K06/210.66 mi93, Bradford Avenue, Cleethorpes, Humberside DN35 0BQ4
£315K07/230.7 mi21, Bradford Avenue, Cleethorpes, North East Lincolnshire DN35 0BG4
£339.3K02/230.7 mi33, Bradford Avenue, Cleethorpes, North East Lincolnshire DN35 0BG4
£340K10/220.71 mi209, Clee Road, Cleethorpes, North East Lincolnshire DN35 9HU4
£295K08/210.71 mi37, Lindum Road, Cleethorpes, North East Lincolnshire DN35 0BN4
£325K03/210.71 mi30, Lindum Road, Cleethorpes, North East Lincolnshire DN35 0BN4
£113K05/210.72 mi180, Grimsby Road, Cleethorpes, North East Lincolnshire DN35 7EZ4
£335K11/200.74 mi128, Oxford Street, Cleethorpes, North East Lincolnshire DN35 0BP4
£300K04/210.76 mi37, Signhills Avenue, Cleethorpes, North East Lincolnshire DN35 0BT4
£180K01/230.77 mi40, Braemar Road, Cleethorpes, North East Lincolnshire DN35 9AT4
£202K02/210.8 mi211, Chichester Road, Cleethorpes, North East Lincolnshire DN35 0JP4
£225K10/220.86 mi9, Barnett Place, Cleethorpes, North East Lincolnshire DN35 7SU4
£265K10/230.86 mi10, Weekes Road, Cleethorpes, North East Lincolnshire DN35 0DU4
£230K06/230.9 mi177, Chichester Road, Cleethorpes, North East Lincolnshire DN35 0JN4
£230K03/230.9 mi147, Chichester Road, Cleethorpes, North East Lincolnshire DN35 0JN4
£130K09/210.91 mi14, Park View, Cleethorpes, North East Lincolnshire DN35 7TG4
£137.5K07/230.91 mi8, Park View, Cleethorpes, North East Lincolnshire DN35 7TG4
£280K08/210.92 mi17, Pearson Road, Cleethorpes, North East Lincolnshire DN35 0DR4
£257K02/220.92 mi17, Church Lane, Old Clee, Grimsby, North East Lincolnshire DN32 8NB4
£230K08/230.92 mi142, Davenport Drive, Cleethorpes, North East Lincolnshire DN35 9NJ4
£97K11/230.93 mi4, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7PT4
£85K11/200.96 mi141, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RL4
£215K12/200.97 mi6, Grainsby Avenue, Cleethorpes, North East Lincolnshire DN35 9PA4
£210K02/210.97 mi10, Grainsby Avenue, Cleethorpes, North East Lincolnshire DN35 9PA4

Local Area Statistics

Population in DN35

34,530

Town centre distance

0.38 miles away

Nearest school

0.20 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+51%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £239,950

March 4, 2025

Listed for £249,950

July 14, 2023

Floor Plans

Description

  • Seven bedroom guest house for sale +
  • Located on Isaacs Hill +
  • Potential HMO investment +
  • Two bathrooms +
  • Viewings available upon request +
  • EPC - C +

Roost Estate Agents are delighted to present to the market this seven bedroom mid terraced house which provides the possibility to continue as a guest house or turn into a HMO offering a fantastic investment opportunity.

Situated on Isaacs Hill just before you hit Cleethorpes main attractions, within a few minutes walk you can access the seafront, pubs and restaurants.

The ground floor of the property comprises of an entrance lobby then leading into the main hallway. From here there are two double bedrooms, one being the bay fronted room and then the other has a rear window facing out into the garden. At the bottom of the hall there is a vast open plan kitchen diner which has a side bay window, two fitted storage cupboards and then kitchen cupboards to both sides of the room creating excellent storage and worktop spaces. Following on from here is a rear lobby with a door leading onto the garden and then at the very rear is the first of the bathrooms, in here there is a three piece suite including a bath, wash basin and toilet.

To the first floor there is a large landing area and then five bedrooms to this level. There are two bedrooms to the front, then a good sized double just before you get to the second of the bathrooms, which has a shower unit, wash basin and toilet. There is then a smaller room and at the very rear of this first floor is a double bedroom looking over the garden.

There is a side courtyard and then a lawned garden with a patio area and a shed at the bottom of the garden.

Overall, there are seven bedrooms and two bathrooms set over two floors and with the possibility of either a guest house or HMO, we believe this is a fantastic investment on offer.

Agent Details

Roost Estate Agents, Cleethorpes

01472 404604

Next Steps?

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

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