3 Bed Terraced House, Single Let, Grimsby, DN31 2HG, £43,000

Ripon Street, Grimsby, Lincolnshire, DN31 2HG - a year ago

Under Offer
BTL
ROI: 21%
~93 m²
+21 photos

ValuationUndervalued

Sold Prices£31K - £195K
Sold Prices/m²£470/m² - £1.4K/m²

 

 

Square Metres

~93 m²
Price/m²£462/m²

Value Estimate

£52,030
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£10,750

Stamp Duty & Legal Fees

£3,350

Total Cash In

£14,100

 

 

Cash Out

 

Rent Range

£462 - £990

Rent Estimate

£495

Running Costs/mo

£253

Cashflow/mo

£242

Cashflow/yr

£2,900

ROI

21%

Gross Yield

14%

Local Sold Prices

50 sold prices from £31K to £195K, average is £82.3K. £470/m² to £1.4K/m², average is £878/m².

PriceDateDistanceAddressBeds 
£73K04/230 mi19, Ripon Street, Grimsby, North East Lincolnshire DN31 2HG3
£45K02/210 mi13, Ripon Street, Grimsby, North East Lincolnshire DN31 2HG3
£66K04/230.04 mi51, Veal Street, Grimsby, North East Lincolnshire DN31 2HF3
£100K10/210.04 mi6, Chantry Close, Grimsby, North East Lincolnshire DN31 2JY3
£95K09/230.05 mi11, Bemrose Way, Grimsby, North East Lincolnshire DN31 2JZ3
£67.5K11/200.07 mi77, Lord Street, Grimsby, North East Lincolnshire DN31 2ND3
£56K05/210.09 mi73, Haycroft Street, Grimsby, North East Lincolnshire DN31 2HR3
£80K04/210.11 mi39, Earl Street, Grimsby, North East Lincolnshire DN31 2NB3
£121K12/220.11 mi25, Earl Street, Grimsby, North East Lincolnshire DN31 2NB3
£80K09/230.11 mi63, Earl Street, Grimsby, North East Lincolnshire DN31 2PL3
£86K07/210.12 mi59, Arthur Street, Grimsby, North East Lincolnshire DN31 2HT3
£113K03/210.12 mi50, Earl Street, Grimsby, North East Lincolnshire DN31 2LZ3
£90K12/220.13 mi54, Arthur Street, Grimsby, North East Lincolnshire DN31 2HT3
£95K11/220.13 mi8, Earl Street, Grimsby, North East Lincolnshire DN31 2NA3
£89K03/210.14 mi26, Earl Street, Grimsby, Humberside DN31 2NA3
£51.5K02/210.16 mi13, Lord Street, Grimsby, North East Lincolnshire DN31 2LX3
£60K02/210.16 mi71, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£76K05/210.16 mi36, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£31K04/210.16 mi7, Newby Road, Grimsby, Humberside DN31 2EQ3
£90K06/210.17 mi2, Cromwell Avenue, Grimsby, North East Lincolnshire DN31 2DR3
£70K07/210.18 mi27, Lister Street, Grimsby, Humberside DN31 2HZ3
£80K06/210.19 mi46, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PB3
£82.5K11/220.19 mi181, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£46K06/210.19 mi153, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£122K02/230.19 mi117, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£60K08/210.19 mi44, Wharton Street, Grimsby, North East Lincolnshire DN31 2EG3
£90K12/220.2 mi46, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£78.5K07/210.2 mi62, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£73K10/210.2 mi32, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DW3
£95K02/210.2 mi54, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DW3
£100K02/230.21 mi196, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£65K04/210.21 mi176, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£88K08/230.21 mi205, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£85K01/230.21 mi215, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£74.3K03/230.21 mi207, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£60K07/230.21 mi66, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PA3
£82.5K01/230.21 mi220, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EJ3
£105K09/210.22 mi27, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DN3
£92K12/220.22 mi129, Fildes Street, Grimsby, North East Lincolnshire DN31 1TU3
£87K12/200.22 mi44, Lister Street, Grimsby, North East Lincolnshire DN31 2JG3
£117K09/230.24 mi17, Freshney Drive, Grimsby, North East Lincolnshire DN31 1TN3
£82K02/230.25 mi14, Somersby Street, Grimsby, North East Lincolnshire DN31 1TT3
£195K06/210.25 mi25, Dudley Street, Grimsby, North East Lincolnshire DN31 2AW3
£75K10/210.26 mi6, Lancaster Avenue, Grimsby, North East Lincolnshire DN31 2EW3
£45K12/200.26 mi36, Lancaster Avenue, Grimsby, North East Lincolnshire DN31 2EW3
£80.9K06/210.26 mi12, Lancaster Avenue, Grimsby, North East Lincolnshire DN31 2EW3
£87.5K03/230.26 mi47, Lancaster Avenue, Grimsby, North East Lincolnshire DN31 2EW3
£60K03/210.26 mi33, Joseph Street, Grimsby, North East Lincolnshire DN31 2NU3
£103K06/230.26 mi109, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DL3
£95K06/210.26 mi109, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DL3

Local Rents

52 rents from £462/mo to £990/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£53503/240.01 miRipon Street, Grimsby, N E Lincolnshire, DN313
£62502/240.14 mi-3
£62502/240.14 mi-3
£62504/240.14 mi-3
£56303/240.15 mi-3
£56307/240.15 mi-3
£52503/240.15 miHaycroft Street, Grimsby3
£55003/240.17 miAnderson Street, Grimsby3
£61504/250.18 mi-3
£56006/240.19 mi-3
£60004/240.19 miCartergate, Grimsby, Lincolnshire, DN313
£55004/240.19 miLord Street, Grimsby3
£48503/240.19 miHenry Street, Grimsby, DN31 2JB3
£60004/240.21 mi-3
£56301/240.21 mi-3
£56304/240.21 mi-3
£68004/240.22 mi-3
£65003/240.22 miMacaulay Street, Grimsby, DN313
£46212/230.22 mi-3
£60003/240.23 miLawrence Street, Grimsby3
£95503/240.23 miMacaulay Park, Grimsby, DN313
£59503/240.23 miJames Street, Grimsby, South Humberside, DN313
£96503/240.24 miMacaulay Park, Grimsby, DN313
£96503/240.24 miMacaulay Park, Grimsby, DN313
£93003/240.24 miMacaulay Park, Grimsby, DN313
£93003/240.24 miMacaulay Park, Grimsby, DN313
£93003/240.24 miMacaulay Park, Grimsby, DN313
£93003/240.24 miMacaulay Park, Grimsby, DN313
£64508/240.25 mi-3
£55003/240.26 miLancaster Avenue, Grimsby3
£70003/250.26 mi-3
£80004/250.26 mi-3
£85010/240.26 mi-3
£57501/240.26 mi-3
£57501/240.26 mi-3
£99003/240.27 miMacaulay Park, Grimsby, DN313
£57503/240.28 miAiredale Way, Grimsby3
£99003/240.3 miMacaulay Park, Grimsby, DN313
£99004/240.31 miMacaulay Park, Grimsby, DN313
£52503/240.32 miCorporation Road, Grimsby3
£85003/240.34 mi-3
£49507/230.34 mi-3
£67511/240.35 mi-3
£64007/230.36 mi-3
£59503/240.36 miCorporation Road, Grimsby3
£60010/240.38 mi-3
£55004/240.38 miCorporation Road, Grimsby3
£62503/240.38 miTennyson Street, Grimsby, DN313
£62504/240.38 mi-3
£94004/240.41 miMacaulay Park, Grimsby, DN313
£99004/240.41 miMacaulay Park, Grimsby, DN313
£79503/240.43 miManor Avenue, Grimsby, Lincolnshire, DN323

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

0.64 miles away

Nearest school

0.30 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £43,000

February 27, 2024

Floor Plans

Description

  • Perfect First Time Buyer Opportunity +
  • 3 Bedrooms +
  • Dining room converted into a Third Bedroom +
  • Three Piece Bathroom +
  • Lounge and Kitchen +
  • Good Condition +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 3 bedroom house located in Lincolnshire. With 3bedrooms, three piece bathroom and easy access to local amenities, this is the perfect opportunity for first time buyer.

This well-kept home features 3 bedrooms, lounge, kitchen, three piece bathroom, dining room converted into a third bedroom and good looking.

If you are interested in viewing the Home Report, please call us.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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