3 Bed Terraced House, Single Let, Grimsby, DN32 9JD, £60,000

Welholme Road, Grimsby, N.E Lincolnshire, DN32 9JD - 2 views - a year ago

Sold STC

BTL

ROI: 15%

~92 m²

+6 photos

ValuationUndervalued

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Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£15,000£15,000
Stamp Duty & Legal Fees	£4,200£4,200
Total Cash In	£19,200£19,200

Cash Out
Rent Range	£515 - £1,970£515 - £1,970
Rent Estimate	£550
Running Costs/mo	£318£318
Cashflow/mo	£233£233
Cashflow/yr	£2,790£2,790
ROI	15%15%
Gross Yield	11%11%

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Local Rents

51 rents from £515/mo to £2K/mo, average is £630/mo.

Rent	Date	Distance	Address	Beds	Type
£600	04/25	0.02 mi	-	3	Semi-Detached House
£600	12/23	0.08 mi	-	3	Semi-Detached House
£595	11/24	0.08 mi	-	3	Terraced House
£550	03/24	0.12 mi	Heneage Road,Grimsby	3	Terraced House
£625	04/24	0.13 mi	-	3	Terraced House
£675	04/25	0.13 mi	-	3	Terraced House
£515	03/24	0.14 mi	Patrick Street, Grimsby, North East Lincolnshire, DN32	3	Terraced House
£515	03/24	0.14 mi	Patrick Street, Grimsby, North East Lincolnshire, DN32	3	Terraced House
£630	05/24	0.14 mi	-	3	Terraced House
£630	05/24	0.14 mi	-	3	Terraced House
£650	04/24	0.15 mi	Granville Street, Grimsby, Lincolnshire, DN32	3	Terraced House
£1,970	04/25	0.16 mi	-	3	Semi-Detached House
£1,970	03/25	0.16 mi	-	3	Terraced House
£625	01/24	0.17 mi	-	3	Terraced House
£675	12/24	0.17 mi	-	3	Terraced House
£550	03/24	0.18 mi	David Street, Grimsby	3	Terraced House
£625	12/24	0.18 mi	-	3	Terraced House
£650	11/24	0.18 mi	-	3	Terraced House
£625	05/24	0.19 mi	-	3	Terraced House
£695	04/25	0.19 mi	-	3	Terraced House
£535	03/24	0.2 mi	Convamore Road, Grimsby!	3	Terraced House
£695	02/25	0.2 mi	-	3	Flat
£575	04/24	0.21 mi	Convamore Road, Grimsby, North East Lincolnshire, DN32	3	Terraced House
£600	04/24	0.21 mi	Patrick Street, Grimsby	3	Terraced House
£650	04/24	0.21 mi	Patrick Street, Grimsby, South Humberside, DN32	3	Terraced House
£550	03/24	0.22 mi	Donnington Street, Grimsby, Grimsby	3	Terraced House
£530	01/24	0.22 mi	-	3	Terraced House
£550	07/23	0.23 mi	-	3	Terraced House
£675	04/25	0.23 mi	-	3	Terraced House
£750	03/24	0.24 mi	Robert Pearson Mews,Grimsby	3	Flat
£650	10/24	0.25 mi	-	3	Terraced House
£650	04/24	0.25 mi	-	3	Terraced House
£595	03/24	0.25 mi	David Street, Grimsby	3	House
£700	07/24	0.25 mi	-	3	Terraced House
£625	05/24	0.25 mi	-	3	Terraced House
£695	03/25	0.25 mi	-	3	Terraced House
£550	03/24	0.25 mi	Welholme Road, Grimsby, DN32 9LW	3	Terraced House
£550	03/24	0.26 mi	Willingham Street, Grimsby	3	Terraced House
£550	03/24	0.26 mi	Willingham Road	3	Terraced House
£600	04/25	0.27 mi	-	3	Terraced House
£650	04/24	0.27 mi	Durban Road, Grimsby, DN32	3	Terraced House
£675	04/25	0.27 mi	-	3	Terraced House
£600	04/24	0.27 mi	Durban Road, Grimsby	3	Terraced House
£675	07/24	0.28 mi	-	3	Terraced House
£750	12/23	0.28 mi	-	3	Terraced House
£750	05/24	0.28 mi	-	3	Terraced House
£750	03/25	0.28 mi	-	3	Terraced House
£525	03/24	0.32 mi	Edward Street, Grimsby Move in deal £760!!	3	Terraced House
£675	03/25	0.32 mi	-	3	Terraced House
£695	09/24	0.33 mi	-	3	Terraced House
£700	03/25	0.33 mi	-	3	Terraced House

Local Area Statistics

Population in DN32	29,05029,050
Population in Grimsby	124,581124,581
Town centre distance	0.96 miles away0.96 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.70 miles away0.70 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+14%+14%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+13%+13%

Property History

Price changed to £60,000

September 19, 2024

Listed for £65,000

May 17, 2024

Floor Plans

Description

End terraced property +
Three good sized bedrooms +
Two interlinked reception rooms +
Fitted kitchen +
Downstairs bathroom +
Gardens front and rear +
Investment +
EPC: E | Tenure: Freehold | Council Tax: A +

A three bedroomed end terraced property in this ever popular location close to local amenities and schools. Offered for Sale with No Forward Chain.

A three bedroomed end terraced property in this ever popular location close to local amenities and schools. Offered for Sale with No Forward Chain.
Briefly comprising two inter linking reception rooms a fitted kitchen and a ground floor bathroom.
To the first floor there are three good sized bedrooms. The property also benefits from a front and rear garden.
This property would make an ideal investment or first time buy and is of a good size so ideal for families too.
Please note there is on street parking only nearby for this property it does not come with any private parking. Please also note there is limited indoor mobile signal coverage at this property.

Agent Details

DDM Residential, Grimsby

01472 404591

Next Steps?

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

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