2 Bed Terraced House, Single Let, Grimsby, DN31 2EG, £75,000

32 WHARTON STREET, GRIMSBY, DN31 2EG - a year ago

BTL
ROI: 6%
71 m²
+6 photos

ValuationOvervalued

Sold Prices£39K - £190K
Sold Prices/m²£591/m² - £2K/m²

 

 

Square Metres

71 m²
Price/m²£1.1K/m²

Value Estimate

£67,508

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£450 - £950

Rent Estimate

£470

Running Costs/mo

£348

Cashflow/mo

£122

Cashflow/yr

£1,460

ROI

6%

Gross Yield

8%

Local Sold Prices

50 sold prices from £39K to £190K, average is £68.5K. £591/m² to £2K/m², average is £951/m².

PriceDateDistanceAddressBeds 
£62K10/210.02 mi43, Lawson Avenue, Grimsby, North East Lincolnshire DN31 2EN2
£62K10/210.02 mi43, Lawson Avenue, Grimsby, North East Lincolnshire DN31 2EN2
£62K08/210.04 mi148, Haycroft Street, Grimsby, Humberside DN31 2ED2
£83K08/230.08 mi5, Wells Street, Grimsby, North East Lincolnshire DN31 2DG2
£85K05/210.09 mi15, Bramble Close, Grimsby, North East Lincolnshire DN31 2DB2
£73.5K10/200.09 mi8, Bramble Close, Grimsby, North East Lincolnshire DN31 2DB2
£95K04/220.09 mi11, Bramble Close, Grimsby, North East Lincolnshire DN31 2DB2
£58K07/230.1 mi19, Haycroft Avenue, Grimsby, North East Lincolnshire DN31 2DY2
£115K12/210.11 mi3, Bramble Close, Grimsby, North East Lincolnshire DN31 2DB2
£117.7K03/230.12 mi10, Harrison Street, Grimsby, North East Lincolnshire DN31 2DX2
£60.5K07/210.13 mi34, Haycroft Avenue, Grimsby, North East Lincolnshire DN31 2HN2
£68K06/210.14 mi82, James Street, Grimsby, North East Lincolnshire DN31 2JE2
£60K02/210.14 mi39, James Street, Grimsby, Humberside DN31 2JE2
£85K07/210.15 mi250, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EP2
£90K01/230.15 mi14, Fairfax Road, Grimsby, North East Lincolnshire DN34 4AP2
£79K07/230.15 mi77, Lister Street, Grimsby, North East Lincolnshire DN31 2JW2
£92K12/220.15 mi59, Lister Street, Grimsby, North East Lincolnshire DN31 2JW2
£90K07/230.16 mi44, Fairfax Road, Grimsby, North East Lincolnshire DN34 4AP2
£75K02/210.16 mi20, Fairfax Road, Grimsby, Humberside DN34 4AP2
£49K03/210.18 mi99, Macaulay Street, Grimsby, North East Lincolnshire DN31 2DS2
£90K12/200.18 mi23, Fairfax Road, Grimsby, North East Lincolnshire DN34 4AW2
£53.5K01/230.18 mi57, Macaulay Street, Grimsby, North East Lincolnshire DN31 2DS2
£53K10/200.19 mi28, Ripon Street, Grimsby, North East Lincolnshire DN31 2HG2
£62K03/230.2 mi146, Lord Street, Grimsby, North East Lincolnshire DN31 2NQ2
£63K10/200.22 mi45, Veal Street, Grimsby, North East Lincolnshire DN31 2HF2
£54K02/210.22 mi13, Veal Street, Grimsby, North East Lincolnshire DN31 2HF2
£69K09/210.22 mi102, Lord Street, Grimsby, North East Lincolnshire DN31 2NG2
£64K07/230.23 mi40, James Street, Grimsby, North East Lincolnshire DN31 2JD2
£60K03/230.25 mi1, Richard Street, Grimsby, North East Lincolnshire DN31 2PE2
£39K02/230.25 mi91, Lime Street, Grimsby, North East Lincolnshire DN31 2HJ2
£58K02/210.26 mi62, Ripon Street, Grimsby, Humberside DN31 2HQ2
£60K04/230.27 mi50, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PB2
£77K11/220.27 mi68, Ripon Street, Grimsby, North East Lincolnshire DN31 2HQ2
£71K10/210.27 mi11, Sidney Road, Grimsby, North East Lincolnshire DN34 4AU2
£86.5K05/230.27 mi27, Sidney Road, Grimsby, North East Lincolnshire DN34 4AU2
£67.5K12/220.27 mi221, Cromwell Road, Grimsby, North East Lincolnshire DN31 2BE2
£90K07/210.27 mi237, Cromwell Road, Grimsby, North East Lincolnshire DN31 2BE2
£53K06/210.28 mi93, Haven Avenue, Grimsby, North East Lincolnshire DN31 2NX2
£48.5K02/210.28 mi96, Haven Avenue, Grimsby, Humberside DN31 2NX2
£87K02/210.28 mi31, Earl Street, Grimsby, North East Lincolnshire DN31 2NB2
£63K11/220.29 mi43, Bowers Avenue, Grimsby, North East Lincolnshire DN31 2BG2
£55K10/200.3 mi15, Dover Street, Grimsby, North East Lincolnshire DN31 2HH2
£46.5K12/200.3 mi8, Dover Street, Grimsby, North East Lincolnshire DN31 2HH2
£95K06/230.3 mi23, Clark Avenue, Grimsby, North East Lincolnshire DN31 2BQ2
£72K11/210.3 mi43, Clark Avenue, Grimsby, North East Lincolnshire DN31 2BQ2
£69K08/210.3 mi44, Clark Avenue, Grimsby, North East Lincolnshire DN31 2BQ2
£84K07/220.3 mi22, Clark Avenue, Grimsby, North East Lincolnshire DN31 2BQ2
£190K01/210.31 mi6, The Spinney, Grimsby, North East Lincolnshire DN34 4NS2
£56K06/210.32 mi91, Earl Street, Grimsby, North East Lincolnshire DN31 2PJ2
£70.5K02/230.33 mi78, Earl Street, Grimsby, North East Lincolnshire DN31 2PW2

Local Rents

52 rents from £450/mo to £950/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£50003/240.03 mi-2
£52508/240.05 mi-2
£55002/250.05 mi-2
£67503/240.09 miBramble Close, Grimsby2
£55003/240.1 miHaycroft Avenue, Grimsby2
£45003/240.1 miLynton Parade, Grimsby2
£49003/240.14 miHaycroft Avenue, Grimsby2
£52503/240.15 miHaycroft Street, Grimsby, Lincolnshire, DN312
£50003/250.16 mi-2
£55003/240.17 miSaunders Street, Grimsby, Lincolnshire, DN312
£62503/240.17 miLister Street, Grimsby2
£62503/240.17 miMacaulay Street, Grimsby, Lincolnshire, DN312
£55003/240.18 miMacaulay Street, Grimsby, DN312
£55005/240.18 miMacaulay Street, Grimsby2
£49503/240.19 miRipon Street, Grimsby2
£60003/240.2 miLittle Michael Street, Grimsby2
£57504/240.2 miRipon Street, Grimsby, Lincolnshire, DN312
£56411/240.21 mi-2
£57503/240.23 miJoseph Street, Grimsby, Lincolnshire, DN312
£65001/240.23 mi-2
£65001/240.23 mi-2
£63008/230.27 mi-2
£60003/240.27 mi8 Bowers Avenue, Grimsby2
£53503/240.28 mi-2
£53503/240.28 mi-2
£60003/240.28 miBoulevard Avenue, Grimsby2
£60003/240.29 miBowers Avenue, Grimsby2
£59510/230.3 mi-2
£48503/240.3 miDover Street, Grimsby2
£65003/250.3 mi-2
£45003/240.32 miQueens Parade, Grimsby, DN312
£95004/240.33 miPelham Road, Grimsby, DN342
£45002/250.33 mi-2
£65004/240.36 miWaterside Drive, Grimsby2
£52011/240.37 mi-2
£84004/240.38 miMacaulay Park, Grimsby, DN312
£84003/240.38 miDane Park, Hull, HU62
£59504/240.39 miWaterside Drive, Grimsby, Lincolnshire, DN312
£75003/240.41 miPelham Road, Grimsby2
£69503/240.41 miPelham Road, Grimsby, NE Lincolnshire, DN342
£62504/240.41 miPelham Road, Grimsby, North East Lincolnshire, DN342
£60003/240.43 miFinchley Court, Grimsby, Lincolnshire, DN312
£75003/250.43 mi-2
£75002/250.43 mi-2
£75003/250.43 mi-2
£75003/250.43 mi-2
£64512/230.46 mi-2
£65006/240.46 mi-2
£85004/240.47 miMacaulay Park, Grimsby, DN312
£85004/240.47 miMacaulay Park, Grimsby, DN312
£58001/240.52 mi-2
£59510/240.52 mi-2

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

0.67 miles away

Nearest school

0.20 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £75,000

January 8, 2024

Floor Plans

Description

  • Calling All Landlord Investors +
  • 2 Bedroomed Mid-Link In Established Location +
  • Close To Local Amenities +
  • Let On Assured Shorthold Tenancy Agreement At £470 PCM +
  • uPVC Double Glazing & Gas Central Heating +
  • Excellent Addition To A Lettings Portfolio +
  • 7.5% Investment Yield At Current Asking Price +
  • Viewing A Must +

If you're a landlord investor looking to increase your lettings portfolio then Jackson, Green and Preston having just the property for you.
This is a two bedroomed mid-terrace house located on Wharton Street in Grimsby, convenient for local schools and with local shopping amenities nearby.
The property is currently let on an Assured Shorthold Tenancy Agreement at a passing rent of £470 per calendar month representing a 7.5% investment yield at the current price. The tenant wishes to remain in occupation and therefore this is ready made income stream.
The accommodation comprises entrance porch, living room, kitchen-diner, two bedrooms and bathroom with white three piece suite.
It has uPVC double glazing and gas fired central heating.
Gardens to front and rear.
VIEWING ESSENTIAL.

Agent Details

Jackson Green and Preston, Grimsby

01472 404357

Next Steps?

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