3 Bed Bungalow, Refurb/BRRR, Grimsby, DN36 4SR, £395,000

65 HUMBERSTON AVENUE, HUMBERSTON GRIMSBY DN36 4SR - a year ago

Refurb/BRRR
104 m²
+24 photos

ValuationOvervalued

Sold Prices£132K - £343K
Sold Prices/m²£1.7K/m² - £3.1K/m²

 

 

Square Metres

104 m²
Price/m²£3.8K/m²

Value Estimate

£239,937

 

 

End Value (After Refurb)

£333,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£98,750

Stamp Duty & Legal Fees

£28,200

Refurb Costs

£42,057

Bridging Loan Interest

£10,369

Total Cash In

£181,126

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£333,250

Mortgage (After Refinance)

£249,938

Mortgage LTV

75%

Cash Left In

£181,126

Equity

£83,313

Rent Range

£725 - £1,000

Rent Estimate

£895

Running Costs/mo

£1,240

Cashflow/mo

£-345

Cashflow/yr

£-4,145

Gross Yield

3%

Local Sold Prices

50 sold prices from £132K to £343K, average is £190K. £1.7K/m² to £3.1K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£310K12/200.06 mi62, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4SS3
£343K07/210.19 mi41a, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4SW3
£167K03/210.32 mi33, Peterson Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4GZ3
£155K01/210.32 mi35, Peterson Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4GZ3
£250K01/230.35 mi39, Mellor Way, New Waltham, Grimsby, North East Lincolnshire DN36 4GW3
£170K06/220.36 mi10, Eagle Drive, Humberston, Grimsby, North East Lincolnshire DN36 4ZL3
£155K07/210.37 mi13, Earl Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NE3
£195K04/230.37 mi15, Earl Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NE3
£279.9K09/210.4 mi3, Trafalgar Park, New Waltham, Grimsby, North East Lincolnshire DN36 4YP3
£157K10/230.43 mi3, Baron Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NF3
£188.5K06/210.44 mi2, Findlay Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4QP3
£185K08/210.45 mi50, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4NB3
£190K05/210.45 mi42, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4NB3
£259.5K03/210.52 mi63, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4LZ3
£187.5K11/200.52 mi89, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4LZ3
£206.5K06/230.52 mi77, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4LZ3
£188K01/210.55 mi56, Priors Close, New Waltham, Grimsby, North East Lincolnshire DN36 4RA3
£149K03/230.57 mi16, Holme Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QN3
£132K03/210.57 mi16, Holme Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QN3
£200K03/210.58 mi16, Moorland Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4NQ3
£165K11/200.58 mi4, Weelsby View, New Waltham, Grimsby, North East Lincolnshire DN36 4LX3
£140K06/210.58 mi13, Station Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QS3
£168K11/200.62 mi104, Peaks Avenue, New Waltham, Grimsby, North Lincolnshire DN36 4LT3
£184K11/220.64 mi32, Janton Court, New Waltham, Grimsby, North East Lincolnshire DN36 4LL3
£270K01/210.64 mi5, Strathmore Court, New Waltham, Grimsby, North East Lincolnshire DN36 4BS3
£200K08/230.65 mi11, Margaret Place, New Waltham, Grimsby, North East Lincolnshire DN36 4NR3
£190K11/210.66 mi83, Peaks Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4LP3
£215K11/200.66 mi17, Pendeen Close, New Waltham, Grimsby, North East Lincolnshire DN36 4GQ3
£175K10/220.67 mi22, David Place, New Waltham, Grimsby, North East Lincolnshire DN36 4NT3
£170K05/210.68 mi21, Greenlands Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4YE3
£195K02/230.69 mi5, Wayside Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4LW3
£159K11/210.7 mi29, Farmhouse Mews, New Waltham, Grimsby, North East Lincolnshire DN36 4YA3
£145K10/220.71 mi78, Wilton Road, Humberston, Grimsby, North East Lincolnshire DN36 4AW3
£155K02/210.73 mi1a, Barbican Way, New Waltham, Grimsby, North East Lincolnshire DN36 4YN3
£182.5K11/200.74 mi44, Charles Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4PD3
£220K06/210.74 mi8, St Clements Way, New Waltham, Grimsby, North East Lincolnshire DN36 4GU3
£250K03/210.76 mi34, Coniston Crescent, Humberston, Grimsby, North East Lincolnshire DN36 4AY3
£255K06/230.78 mi258, Station Road, New Waltham, Grimsby, North East Lincolnshire DN36 4PE3
£195K08/230.8 mi46, Pretymen Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4PB3
£190K10/230.8 mi31, Pretymen Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4NU3
£200K10/230.8 mi51, Pretymen Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4NU3
£235K09/210.84 mi11, Derwent Drive, Humberston, Grimsby, North East Lincolnshire DN36 4BB3
£189.9K02/210.84 mi37, Derwent Drive, Humberston, Grimsby, North East Lincolnshire DN36 4BB3
£185K07/230.85 mi35, Glebe Road, Humberston, Grimsby, North East Lincolnshire DN36 4JP3
£180K01/230.86 mi53, St Christophers Road, Humberston, Grimsby, North East Lincolnshire DN36 4EA3
£190K09/210.87 mi3, Roladan Close, New Waltham, Grimsby, North East Lincolnshire DN36 4BL3
£193K02/210.87 mi94, Coniston Crescent, Humberston, Grimsby, North East Lincolnshire DN36 4AB3
£190K06/210.88 mi22, Glebe Road, Humberston, Grimsby, North East Lincolnshire DN36 4JR3
£145K07/220.88 mi14, Glebe Road, Humberston, Grimsby, North East Lincolnshire DN36 4JR3
£230K05/210.88 mi10, Lindisfarne Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QB3

Local Rents

19 rents from £725/mo to £1K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£89503/240.2 miParklands Avenue, Humberston, Grimsby, Lincolnshire, DN363
£92503/240.28 miGreen Lane, Humberston, GRIMSBY3
£89504/240.3 mi-3
£89503/240.3 miHarvey Walk, New Waltham, DN363
£87508/240.31 mi-3
£89505/240.31 miPeterson Drive, Grimsby, DN363
£88504/240.56 miStation Avenue, New Waltham, Lincolnshire, DN363
£92503/240.61 miAlder Avenue, Humberston, Grimsby, Lincolnshire, DN363
£82502/240.69 mi-3
£89503/250.69 mi-3
£92503/241 miBecklands Avenue, New Waltham, Grimsby3
£89504/241.01 miQueen Elizabeth Road, Humberston, Grimsby3
£87503/241.01 miPrimrose Way, Cleethorpes3
£85001/251.05 mi-3
£92504/241.13 miFern Close, Humberston, Grimsby, DN363
£90503/241.13 miFern Close, Humberston, Grimsby, Lincolnshire, DN363
£99504/241.22 miWellington Avenue, New Waltham3
£72510/231.22 mi-3
£1,00008/241.23 mi-3

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

2.86 miles away

Nearest school

0.50 miles away

Nearest train station

2.64 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £395,000

December 18, 2024

Price changed to £425,000

September 25, 2024

Listed for £475,000

April 3, 2024

Floor Plans

Description

  • VIDEO VIEWING AVAILABLE +
  • Located In One Of The Area Premier And Highly Regarded Avenues +
  • 3 Bedroomed "Arts & Crafts" Style Detached Bungalow +
  • Standing In Extensive Gardens Extending To 0.32 Of An Acre +
  • Offering Scope For Modernisation Or Redevelopment (Subject To All Necessary Consents) +
  • Through Living Room/Dining Room, Breakfast Kitchen & Conservatory +
  • Cloakroom & Shower Room +
  • 2 Ground Floor Bedrooms +
  • First Floor Bedroom +
  • Fantastic Gardens With Double Garage +

Located in one of the areas premier and highly regarded Avenues in this three bedroomed "Arts and Craft" style detached bungalow.
Standing in extensive gardens extending to 0.32 of an acre (0.13 of a hectare) (subject to survey) it offers scope of modernisation or redevelopment (subject to all necessary consents).
Briefly, it comprises entrance porch, entrance hall, cloakroom (w.c. and wash hand basin), through living room dining room, breakfast kitchen, conservatory, two ground floor bedrooms along with a shower room.
On the first floor there is a further bedroom.
Standing in fantastic mature gardens there is a double garage and a side drive.
Benefitting from part uPVC double glazing and gas central heating system.
This is a fantastic opportunity offered with NO UPWARD "CHAIN".

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 💪

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