4 Bed HMO, Grimsby, DN32 9LL, £95,000

Hainton Avenue, Grimsby, DN32 9LL - 79 views - a year ago

HMO
ROI: 28%
~176 m²
+10 photos

ValuationUndervalued

Sold Prices£76K - £495K
Sold Prices/m²£731/m² - £2.7K/m²

 

 

Square Metres

~176.10 m²
Price/m²£539/m²

Value Estimate

£114,950
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Total Cash In

£27,800

 

 

Cash Out

 

Room Rate

£429

Gross Rent

£1,716

Running Costs/mo

£1,064

Cashflow/mo

£652

Cashflow/yr

£7,823

ROI

28%

Gross Yield

22%

Local Sold Prices

50 sold prices from £76K to £495K, average is £219.5K. £731/m² to £2.7K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£104K04/210.12 mi282, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LS4
£157K09/210.12 mi290, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LS4
£98K12/200.12 mi127, Welholme Road, Grimsby, Humberside DN32 0NQ4
£97K02/210.13 mi185, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LD4
£90K11/200.13 mi26, Granville Street, Grimsby, North East Lincolnshire DN32 9NS4
£115K12/200.21 mi334, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LX4
£117K09/210.23 mi52, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0NE4
£93K05/230.26 mi37, Ainslie Street, Grimsby, North East Lincolnshire DN32 0LY4
£91K11/210.28 mi106, Heneage Road, Grimsby, North East Lincolnshire DN32 9JQ4
£250K03/210.34 mi14, Lambert Road, Grimsby, North East Lincolnshire DN32 0HT4
£225K06/210.34 mi18, Lambert Road, Grimsby, North East Lincolnshire DN32 0HT4
£135K06/210.34 mi163, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JP4
£104K11/200.37 mi184, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LB4
£178K03/210.37 mi31, St Augustine Avenue, Grimsby, North East Lincolnshire DN32 0LD4
£215K10/210.38 mi97, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PX4
£215K10/210.38 mi97, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PX4
£135K12/200.38 mi9, Abbey Drive East, Grimsby, North East Lincolnshire DN32 0HD4
£180K04/210.4 mi129, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RZ4
£115K02/230.4 mi77, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9EQ4
£290K10/220.42 mi77, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PY4
£170K12/200.43 mi148, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RR4
£305K06/210.45 mi86, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PS4
£235K07/210.45 mi57, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PZ4
£76K02/210.46 mi23, Durban Road, Grimsby, North East Lincolnshire DN32 8BD4
£149K09/210.48 mi19, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£157.5K07/210.48 mi23, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£178K06/230.48 mi5, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£220K04/210.49 mi10, Brunel Close, Grimsby, North East Lincolnshire DN32 9FE4
£270K04/230.49 mi10, Brunel Close, Grimsby, North East Lincolnshire DN32 9FE4
£270K02/230.49 mi161, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RX4
£219K04/210.5 mi2, Haigh Court, Grimsby, North East Lincolnshire DN32 9FD4
£406.2K05/230.51 mi17, Park Drive, Grimsby, North East Lincolnshire DN32 0EF4
£209.9K07/230.51 mi14, Welholme Road, Grimsby, North East Lincolnshire DN32 0DU4
£345K09/230.52 mi22, Portland Avenue, Grimsby, North East Lincolnshire DN32 0AA4
£110K11/200.52 mi451, Weelsby Street, Grimsby, North East Lincolnshire DN32 8BE4
£269.9K05/230.52 mi1, Lea Drive, Grimsby, North East Lincolnshire DN32 9FB4
£405K05/210.53 mi51, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£467.5K07/220.53 mi45, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£425K08/230.53 mi53, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£305K10/220.55 mi46, Brighowgate, Grimsby, North East Lincolnshire DN32 0QW4
£422K12/220.55 mi8, Bargate Avenue, Grimsby, North East Lincolnshire DN32 0ED4
£242.5K12/210.57 mi58, Brighowgate, Grimsby, North East Lincolnshire DN32 0QW4
£250K08/230.57 mi30, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0EA4
£465K09/210.57 mi16, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0EA4
£250K09/210.57 mi85, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PL4
£265K11/200.6 mi60, Park Avenue, Grimsby, North East Lincolnshire DN32 0DQ4
£388.5K06/220.61 mi6, Cumberland Avenue, Grimsby, North East Lincolnshire DN32 0BT4
£260K12/200.61 mi27, Cumberland Avenue, Grimsby, North East Lincolnshire DN32 0BT4
£236.5K05/210.61 mi36, Cumberland Avenue, Grimsby, North East Lincolnshire DN32 0BT4
£495K12/220.61 mi1, Cumberland Avenue, Grimsby, North East Lincolnshire DN32 0BT4

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

0.73 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £95,000

November 21, 2023

Floor Plans

Description

  • CALLING ALL INVESTORS +
  • CLOSE TO LOCAL AMENITIES +
  • GREAT SIZE +
  • Three Different Apartments +
  • Four Bedrooms +

The Property
*CALLING ALL INVESTORS *Superb opportunity for the investor or builder client. This property has been modernised and could easily be used as a house of multiple occupancy. Served with a modern kitchen, bathroom and separate W.C and shower. Gardens to the front and off road parking. Located within close distance of Grimsby Town centre with regular bus routes close to hand. Viewing is advised to fully appreciate this sizable property.

Material information: The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

Agent Details

Purplebricks, covering Doncaster

020 3840 3729

Next Steps?

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