3 Bed Terraced House, Refurb/BRRR, Grimsby, DN32 9NH, £85,000

312 Heneage Road, Grimsby - 9 months ago

Sold STC
Refurb/BRRR
ROI: 2%
104 m²
+8 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Refurb Costs

£41,840

Bridging Loan Interest

£2,231

Total Cash In

£70,822

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£113,643

Mortgage (After Refinance)

£85,232

Mortgage LTV

75%

Cash Released

£21,482

Cash Left In

£49,340

Equity

£28,411

Rent Range

£495 - £1,970

Rent Estimate

£627

Running Costs/mo

£501

Cashflow/mo

£126

Cashflow/yr

£1,518

ROI

2%

Gross Yield

9%













Local Rents

51 rents from £495/mo to £2K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£62505/240.04 mi-3
£59503/240.1 miDavid Street, Grimsby3
£62505/240.1 mi-3
£65004/240.11 mi-3
£62512/240.12 mi-3
£55007/230.12 mi-3
£55003/240.13 miDavid Street, Grimsby3
£60004/240.14 miPatrick Street, Grimsby3
£65004/240.14 miPatrick Street, Grimsby, South Humberside, DN323
£62501/240.15 mi-3
£67512/240.15 mi-3
£70008/240.15 mi-3
£51503/240.16 miPatrick Street, Grimsby, North East Lincolnshire, DN323
£51503/240.16 miPatrick Street, Grimsby, North East Lincolnshire, DN323
£62504/240.17 mi-3
£59510/230.17 mi-3
£63005/240.18 mi-3
£63005/240.18 mi-3
£65004/240.21 miGranville Street, Grimsby, Lincolnshire, DN323
£55003/240.21 miHeneage Road,Grimsby3
£85512/240.23 mi-3
£63001/240.24 mi-3
£65001/250.24 mi-3
£72504/240.24 miFlorence Street, Grimsby, Lincolnshire, DN323
£67507/240.24 mi-3
£75003/240.25 miRobert Pearson Mews,Grimsby3
£67504/240.26 miFarebrother Street, Grimsby, Lincolnshire, DN323
£55003/240.28 miWelholme Road, Grimsby, DN32 9LW3
£62511/240.29 mi-3
£72512/240.33 mi-3
£69508/240.33 mi-3
£69512/240.34 mi-3
£65001/240.35 mi-3
£55003/240.35 miWillingham Street, Grimsby3
£55003/240.35 miWillingham Road3
£60012/230.35 mi-3
£59511/240.37 mi-3
£60003/240.43 miWintringham Road, Grimsby, Lincolnshire, DN323
£1,97001/250.44 mi-3
£1,97001/250.44 mi-3
£65011/240.45 mi-3
£53503/240.49 miConvamore Road, Grimsby!3
£49504/240.49 miWintringham Road, Grimsby3
£57504/240.5 miConvamore Road, Grimsby, North East Lincolnshire, DN323
£65010/240.51 mi-3
£55003/240.51 miDonnington Street, Grimsby, Grimsby3
£53001/240.51 mi-3
£65004/240.54 miDurban Road, Grimsby, DN323
£60004/240.54 miDurban Road, Grimsby3
£75012/230.57 mi-3
£75005/240.57 mi-3

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

0.91 miles away

Nearest school

0.30 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £85,000

April 22, 2024

Floor Plans

Description

  • Three sizable bedrooms with built-in wardrobes +
  • kitchen with open plan dining +
  • Well-maintained bathroom +
  • uPVC double glazing and gas heating +
  • Formerly a four-bedroom house +
  • Prime location with access to amenities +

Introducing a charming mid-terraced property that is currently listed for sale with NO FORWARD CHAIN. Though it requires renovation, the residence holds considerable potential for those willing to invest in its transformation. This property could serve as an ideal project for developers or a spacious accommodation for families, willing to make it their own. This home boasts three sizable bedrooms. The first and second bedrooms are both double rooms, each equipped with built-in wardrobes. The property holds a well-maintained bathroom featuring a bath with shower over, sink, and wc. The kitchen is a standout feature of this property, complete with an open plan dining area and well-fitted utilities. It creates an inviting space where meals can be prepared and enjoyed. There is a reception room that was formerly two rooms but has been knocked into one to create a generous space. A bay window allows ample natural light to fill the space, enhancing its appeal. The property further benefits from uPVC double glazing and gas central heating, enhancing its comfort and energy efficiency. Moreover, it was formerly a four-bedroom house, hinting at its spacious layout and potential for reconfiguration. Outside, a well-maintained, low maintenance garden complements the rear of the property, offering a serene haven for outdoor relaxation. Situated in a prime location, this property offers easy access to public transport links and local amenities, with the town center also within reach. Despite requiring renovation, its potential is undeniable, ready and waiting for the right buyer to bring it back to life. EPC rating: D. Tenure: Freehold,

Agent Details

Lovelle, Grimsby

01472 404571

Next Steps?

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