2 Bed Flat, Cash/Bridging Only, Grimsby, DN33 1RB, £51,000
211 Pinewood Crescent, Grimsby - 2 years ago
Leasehold
Cash
ROI: 1%
~68 m²





+2 photos
ValuationFair Value
Sold Prices | £35K - £102.5K |
Sold Prices/m² | £556/m² - £1.6K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £749/m² |
Value Estimate | £52,020 |
| |
End Value (After Refurb) | £93,618 |
Uplift in Value | +84% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £12,750 |
Stamp Duty & Legal Fees | £3,750 |
Refurb Costs | £27,571 |
Bridging Loan Interest | £1,339 |
Total Cash In | £47,159 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £93,618 |
Mortgage (After Refinance) | £70,214 |
Mortgage LTV | 75% |
Cash Released | £31,964 |
Cash Left In | £15,196 |
Equity | £23,405 |
Rent Range | £495 - £780 |
Rent Estimate | £450 |
Running Costs/mo | £403 |
Cashflow/mo | £47 |
Cashflow/yr | £569 |
ROI | 1% |
Gross Yield | 11% |
Local Sold Prices
28 sold prices from £35K to £102.5K, average is £73.6K. £556/m² to £1.6K/m², average is £1.3K/m².
Local Rents
18 rents from £495/mo to £780/mo, average is £625/mo.
Local Area Statistics
Population in DN33 | 19,406 |
Population in Grimsby | 124,581 |
Town centre distance | 1.19 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 1.72 miles away |
| |
Rental growth (12m) | +38% |
Sales demand | Balanced market |
Capital growth (5yrs) | +23% |
Property History
Price changed to £51,000
February 24, 2025
Listed for £49,950
September 12, 2023
Floor Plans
