3 Bed Terraced House, Refurb/BRRR, Grimsby, DN34 5HN, £79,950

312 Worcester Avenue, Grimsby - a year ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£69K - £220K
Sold Prices/m²£980/m² - £2.1K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£80,750

 

 

End Value (After Refurb)

£132,230

Uplift in Value

+65%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£19,988

Stamp Duty & Legal Fees

£3,599

Refurb Costs

£37,686

Bridging Loan Interest

£2,099

Total Cash In

£65,120

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£132,230

Mortgage (After Refinance)

£99,173

Mortgage LTV

75%

Cash Released

£39,210

Cash Left In

£25,910

Equity

£33,058

Rent Range

£600 - £895

Rent Estimate

£706

Running Costs/mo

£574

Cashflow/mo

£132

Cashflow/yr

£1,579

ROI

2%

Gross Yield

11%

Local Sold Prices

50 sold prices from £69K to £220K, average is £122.5K. £980/m² to £2.1K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£140K09/210 mi53, Worcester Avenue, Grimsby, North East Lincolnshire DN34 5HN3
£95K08/230.11 mi124, Carnforth Crescent, Grimsby, North East Lincolnshire DN34 5EF3
£105K07/210.11 mi104, Carnforth Crescent, Grimsby, North East Lincolnshire DN34 5EF3
£117K11/210.13 mi27, Eastern Inway, Grimsby, North East Lincolnshire DN34 5HH3
£102K10/200.13 mi22, Eastern Inway, Grimsby, North East Lincolnshire DN34 5HH3
£87K10/200.13 mi5, Castleford Avenue, Grimsby, North East Lincolnshire DN34 5HP3
£102K07/210.14 mi16, Worcester Avenue, Grimsby, North East Lincolnshire DN34 5HB3
£147.5K03/230.14 mi27, Western Outway, Grimsby, North East Lincolnshire DN34 5EX3
£126K08/210.14 mi35, Western Outway, Grimsby, North East Lincolnshire DN34 5EX3
£87.5K05/210.16 mi10, Eastern Inway, Grimsby, North East Lincolnshire DN34 5HF3
£103K05/210.18 mi75, Carnforth Crescent, Grimsby, North East Lincolnshire DN34 5JB3
£127.5K06/210.19 mi164, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5DB3
£162.5K05/230.2 mi42, Cambridge Road, Grimsby, North East Lincolnshire DN34 5EA3
£119.5K07/210.21 mi17, Western Outway, Grimsby, North East Lincolnshire DN34 5HE3
£132.5K01/230.21 mi136, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5DA3
£159K12/200.21 mi14, Norwich Avenue, Grimsby, North East Lincolnshire DN34 5ET3
£120K08/210.22 mi139, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5BZ3
£127K07/210.22 mi163, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5BZ3
£145K11/220.23 mi20, Watford Avenue, Grimsby, North East Lincolnshire DN34 5JF3
£82K01/230.23 mi153, Sherwood Road, Grimsby, North East Lincolnshire DN34 5TQ3
£108K09/230.25 mi14, Westhill Road, Grimsby, North East Lincolnshire DN34 4SF3
£143K05/210.25 mi245, Laceby Road, Grimsby, North East Lincolnshire DN34 5DU3
£125K08/210.25 mi239, Laceby Road, Grimsby, North East Lincolnshire DN34 5DU3
£180K11/210.27 mi262, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5DF3
£125K03/210.27 mi227, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5BY3
£157K02/230.27 mi225, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5BY3
£165K01/210.28 mi186, Laceby Road, Grimsby, North East Lincolnshire DN34 5DP3
£179.9K05/210.28 mi200, Laceby Road, Grimsby, North East Lincolnshire DN34 5DP3
£165K01/230.28 mi216, Laceby Road, Grimsby, North East Lincolnshire DN34 5DP3
£87K10/200.28 mi58, Sherwood Road, Grimsby, North East Lincolnshire DN34 5TJ3
£125K10/210.29 mi174, Westward Ho, Grimsby, North East Lincolnshire DN34 5EN3
£115K08/210.29 mi63, Crowland Avenue, Grimsby, North East Lincolnshire DN34 5JT3
£149K09/210.29 mi231, Laceby Road, Grimsby, Humberside DN34 5DT3
£220K05/230.31 mi233, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5BX3
£85K05/210.31 mi3, Stratford Avenue, Grimsby, North East Lincolnshire DN33 1EN3
£135K05/230.32 mi114a, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SD3
£117K11/210.32 mi100, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SD3
£90K11/200.32 mi88, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SD3
£69K02/210.32 mi100, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SD3
£90K12/200.33 mi91, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SE3
£96K01/210.33 mi53, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SE3
£85.1K06/210.33 mi93, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SE3
£155K02/210.33 mi10, Darwin Court, Grimsby, North East Lincolnshire DN34 5XS3
£139K04/210.33 mi21, Darwin Court, Grimsby, North East Lincolnshire DN34 5XS3
£95K01/230.33 mi7, Willoughby Grove, Grimsby, North East Lincolnshire DN34 5JS3
£119K01/230.33 mi59, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SE3
£92K02/210.33 mi6, Willoughby Grove, Grimsby, North East Lincolnshire DN34 5JS3
£100K10/200.34 mi2, Warwick Avenue, Grimsby, North East Lincolnshire DN33 1EJ3
£135K12/200.34 mi40, Peterhouse Road, Grimsby, North East Lincolnshire DN34 5UX3
£171K04/210.34 mi45, Peterhouse Road, Grimsby, North East Lincolnshire DN34 5UX3

Local Rents

19 rents from £600/mo to £895/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£72508/240.16 mi-3
£75008/240.2 mi-3
£67507/230.36 mi-3
£79503/240.4 mi-3
£89503/240.41 miStainton Drive, Grimsby, Lincolnshire, DN333
£79509/240.45 mi-3
£69503/240.47 mi-3
£60012/230.47 mi-3
£69512/240.47 mi-3
£65011/230.49 mi-3
£67512/240.49 mi-3
£67007/230.5 mi-3
£69503/240.51 miAshtree Avenue, Grimsby3
£70004/240.52 miToothill Gardens, Grimsby, North East Lincs, DN34 3
£72504/240.53 mi-3
£72504/240.53 miWroxham Avenue, Grimsby, DN343
£72503/240.58 miClarendon Road, Grimsby, DN343
£68501/250.6 mi-3
£62505/240.62 miC3

Local Area Statistics

Population in DN34

19,205

Population in Grimsby

124,581

Town centre distance

0.75 miles away

Nearest school

0.20 miles away

Nearest train station

1.21 miles away

 

 

Rental growth (12m)

-25%

Sales demand

Buyer's market

Capital growth (5yrs)

+16%

Property History

Listed for £79,950

November 30, 2023

Floor Plans

Description

  • Mid-Terrace House +
  • Spacious Accommodation +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Kitchen & Bathroom +
  • Modernisation Required +
  • Off-Road Parking +
  • Established Town Centre Location +

Lovelle offer to market with NO ONWARD CHAIN this three bedroom mid-terraced house located in a well established area of Grimsby whilst also being positioned within easy reach to the vast range of local amenities. The accommodation briefly comprises of two separate reception rooms, kitchen, entrance hall and cloakroom with wc to the ground floor. To the first floor there are three excellent size bedrooms and family bathroom. Externally there are well maintained gardens to both the front and rear with the front garden being utilised for off-road parking.  A majority of the property benefits from uPVC double glazing and there is no gas central heating. Viewings are highly recommended in order to fully appreciate all this wonderful family home has to offer. EPC rating: E. Tenure: Freehold,

Agent Details

Lovelle, Grimsby

01472 404571

Next Steps?

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

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