3 Bed Terraced House, Single Let, Cleethorpes, DN35 7NQ, £45,000

62 St Peters Avenue, Cleethorpes, DN35 8HP - a year ago

Auction
BTL
ROI: 22%
~87 m²

ValuationUndervalued

Sold Prices£40K - £145K
Sold Prices/m²£533/m² - £1.8K/m²

 

 

Square Metres

~86.50 m²
Price/m²£520/m²

Value Estimate

£56,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£3,450

Total Cash In

£14,700

 

 

Cash Out

 

Rent Range

£495 - £2,384

Rent Estimate

£538

Running Costs/mo

£268

Cashflow/mo

£270

Cashflow/yr

£3,237

ROI

22%

Gross Yield

14%

Local Sold Prices

50 sold prices from £40K to £145K, average is £80K. £533/m² to £1.8K/m², average is £828/m².

PriceDateDistanceAddressBeds 
£40K12/200.04 mi50, Sidney Street, Cleethorpes, North East Lincolnshire DN35 7NQ3
£63K05/230.05 mi55, Sidney Street, Cleethorpes, North East Lincolnshire DN35 7NQ3
£80K11/200.05 mi85, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NN3
£80K06/230.05 mi85, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NN3
£92.5K08/230.07 mi60, Grimsby Road, Cleethorpes, North East Lincolnshire DN35 7AB3
£80K10/210.07 mi134, Barcroft Street, Cleethorpes, North East Lincolnshire DN35 7DT3
£67K10/210.07 mi130, Barcroft Street, Cleethorpes, North East Lincolnshire DN35 7DT3
£92K09/230.07 mi136, Barcroft Street, Cleethorpes, North East Lincolnshire DN35 7DT3
£70K01/230.08 mi49, Sussex Street, Cleethorpes, North East Lincolnshire DN35 7NW3
£52K05/210.09 mi18, Sussex Street, Cleethorpes, North East Lincolnshire DN35 7NP3
£120K01/230.11 mi41, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RP3
£105K06/230.11 mi57, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RP3
£110K12/210.11 mi75, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RP3
£77K05/210.11 mi23, Montague Street, Cleethorpes, North East Lincolnshire DN35 7AP3
£77K03/210.11 mi56, Phelps Street, Cleethorpes, North East Lincolnshire DN35 7AS3
£51K02/210.11 mi18, Phelps Street, Cleethorpes, North East Lincolnshire DN35 7AS3
£92.5K12/210.11 mi54, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7BA3
£84.5K12/200.11 mi12, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7BA3
£85K11/200.11 mi42, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7BA3
£85K05/230.13 mi97, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RN3
£85K08/210.13 mi87, Lovett Street, Cleethorpes, North East Lincolnshire DN35 7EB3
£100K09/230.15 mi113, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RL3
£80K02/230.15 mi86, Tiverton Street, Cleethorpes, North East Lincolnshire DN35 7EE3
£81K02/210.15 mi72, Lovett Street, Cleethorpes, North East Lincolnshire DN35 7BH3
£72.5K09/230.15 mi55, Clerke Street, Cleethorpes, North East Lincolnshire DN35 7NE3
£80K12/220.17 mi16, Harrington Street, Cleethorpes, North East Lincolnshire DN35 7AY3
£96K12/210.18 mi149, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NT3
£60K01/230.18 mi45, Mansel Street, Grimsby, North East Lincolnshire DN32 7QX3
£45K08/210.19 mi64, Mansel Street, Grimsby, North East Lincolnshire DN32 7QX3
£88K01/210.19 mi144, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NU3
£100K12/220.19 mi160, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NU3
£80K05/230.19 mi54, Tiverton Street, Cleethorpes, North East Lincolnshire DN35 7PR3
£75K04/210.2 mi11, Johnson Street, Cleethorpes, North East Lincolnshire DN35 7NA3
£75K04/210.2 mi11, Johnson Street, Cleethorpes, North East Lincolnshire DN35 7NA3
£108K12/220.21 mi101, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7RH3
£65K11/200.22 mi107, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7RH3
£80K08/230.23 mi128, Park Street, Grimsby, North East Lincolnshire DN32 7NT3
£78K11/220.23 mi175, Hildyard Street, Grimsby, North East Lincolnshire DN32 7LX3
£88K07/210.23 mi78, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7PT3
£46.5K08/210.24 mi51, Rutland Street, Grimsby, North East Lincolnshire DN32 7RS3
£93K02/230.25 mi12, Imperial Avenue, Cleethorpes, North East Lincolnshire DN35 7EQ3
£73K12/200.25 mi67, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7PU3
£90K07/210.25 mi59, Blundell Avenue, Cleethorpes, Humberside DN35 7PU3
£66K07/230.25 mi61, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7PU3
£77K02/230.26 mi65, Hart Street, Cleethorpes, North East Lincolnshire DN35 7RQ3
£88K12/200.27 mi4, Jenner Court, Cleethorpes, North East Lincolnshire DN35 7PH3
£81K09/230.28 mi60, Combe Street, Cleethorpes, North East Lincolnshire DN35 7RF3
£145K05/230.29 mi5, Colson Place, Cleethorpes, North East Lincolnshire DN35 7SR3
£112K02/210.29 mi2, Colson Place, Cleethorpes, Humberside DN35 7SR3
£40K11/200.29 mi135, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ3

Local Rents

50 rents from £495/mo to £2.4K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£60003/250.04 mi-3
£49503/240.05 miSidney Street, Cleethorpes, DN35 7NQ3
£55001/240.07 mi-3
£51503/240.09 miBarcroft Street, Cleethorpes3
£74003/250.09 mi-3
£59503/240.09 miBarcroft Street, Cleethorpes, Lincolnshire, DN353
£59503/240.11 miMontague Street, Grimsby3
£53004/240.11 miMontague Street, Cleethorpes3
£57503/240.12 miPhelps Street3
£52503/240.12 miMontague Street, Cleethorpes, Lincolnshire, DN353
£69503/240.12 miDaubney Street3
£62502/250.12 mi-3
£62503/240.12 mi-3
£62502/240.13 mi-3
£60003/250.14 mi-3
£69503/250.15 mi-3
£57505/240.15 miBarcroft Street, Cleethorpes3
£78004/250.15 mi-3
£54003/240.15 miClerke Street, Cleethorpes3
£57503/240.16 miTaylor Street, Cleethorpes3
£1,50004/240.17 mi-3
£62503/240.17 mi168 Barcroft Street, Cleethorpes3
£62503/240.17 mi168 Barcroft Street, Cleethorpes3
£56503/240.17 miDaubney Street, Cleethorpes3
£63001/250.18 mi-3
£72503/250.21 mi-3
£75003/250.21 mi-3
£60003/240.23 miDaubney St, Cleethorpes, DN353
£60003/240.23 mi-3
£2,38403/240.23 miBlundell Avenue, Cleethorpes, Lincolnshire, DN353
£1,80002/240.23 mi-3
£1,80004/240.23 mi-3
£57504/240.24 miHart Street, Cleethorpes3
£55504/240.24 miHart St, Cleethorpes!3
£65002/240.25 mi-3
£62504/240.26 mi-3
£60002/250.26 mi-3
£59504/240.26 miHart Street, Cleethorpes3
£67504/240.29 miDaubney Street, Cleethorpes3
£59503/250.3 mi-3
£60012/240.31 mi-3
£85001/250.31 mi-3
£80003/250.31 mi-3
£85004/240.33 miQueen Mary Avenue, Cleethorpes, DN353
£57503/240.34 miStanley St, Grimsby, DN323
£65002/250.35 mi-3
£75003/250.35 mi-3
£80002/250.36 mi-3
£80003/250.36 mi-3
£75004/250.37 mi-3

Local Area Statistics

Population in DN35

34,530

Town centre distance

1.44 miles away

Nearest school

0.30 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+51%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £45,000

February 8, 2025

Listed for £65,000

April 25, 2024

Floor Plans

Description

  • Three bedroom mid terrace property +
  • Ideal rental property currently tenanted at a rent of £395pcm +
  • Current tenant would like to remain in the property for any new landlord +
  • Gas central heating and uPVC double glazing +
  • Hallway, lounge, dining/sitting room, kitchen and bathroom +
  • Landing and three bedrooms +
  • Low maintenance rear garden +
  • Energy performance rating D and Council tax band A +

Auctioneer CommentsThis property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day ReservationPeriod. Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd).If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer InformationPack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recentinformation on the Buyer Information Pack fee, please contact the iamsold team.The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchaseprice inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during theReservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if theservice is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Agent Details

Crofts Estate Agents, Cleethorpes

01472 404562

Next Steps?

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