5 Bed HMO, Cleethorpes, DN35 8QR, £175,000

522E7 Rowston Street, Cleethorpes, DN35 8QR - 10 months ago

HMO
ROI: 15%
91 m²
+10 photos

ValuationOvervalued

Sold Prices£90K - £655K
Sold Prices/m²£701/m² - £4.2K/m²

 

 

Square Metres

91 m²
Price/m²£1.9K/m²

Value Estimate

£144,082

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£9,950

Total Cash In

£53,700

 

 

Cash Out

 

Room Rate

£438

Gross Rent

£2,190

Running Costs/mo

£1,528

Cashflow/mo

£662

Cashflow/yr

£7,940

ROI

15%

Gross Yield

15%

Local Sold Prices

35 sold prices from £90K to £655K, average is £315K. £701/m² to £4.2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£300K01/230.46 mi2, Elm Gardens, Cleethorpes, North East Lincolnshire DN35 8DB5
£110K06/210.49 mi71, Mill Road, Cleethorpes, North East Lincolnshire DN35 8JB5
£450K02/230.5 mi15, Kings Road, Cleethorpes, North East Lincolnshire DN35 0AH5
£220.3K01/230.56 mi10, Blenheim Place, Cleethorpes, North East Lincolnshire DN35 9BG5
£325K12/220.62 mi181, Chichester Road, Cleethorpes, North East Lincolnshire DN35 0JN5
£306K04/210.72 mi38, Fillingham Crescent, Cleethorpes, North East Lincolnshire DN35 0JE5
£343K10/200.74 mi61, Bolingbroke Road, Cleethorpes, North East Lincolnshire DN35 0HF5
£268K09/231.19 mi2, Redwood Drive, Cleethorpes, North East Lincolnshire DN35 0RN5
£550K01/231.21 mi14, Cheltenham Way, Cleethorpes, North East Lincolnshire DN35 0UG5
£472.5K01/211.21 mi8, Cheltenham Way, Cleethorpes, North East Lincolnshire DN35 0UG5
£115K09/231.65 mi53, Harrington Street, Cleethorpes, North East Lincolnshire DN35 7BD5
£105K09/231.65 mi57, Harrington Street, Cleethorpes, North East Lincolnshire DN35 7BD5
£275K12/201.89 mi259, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4JA5
£655K01/212.17 mi117, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4ST5
£565K12/202.17 mi131, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4ST5
£145K03/232.18 mi53, Hare Street, Grimsby, North East Lincolnshire DN32 9LA5
£128K03/212.18 mi358, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LX5
£90K02/212.23 mi40, Heneage Road, Grimsby, North East Lincolnshire DN32 9ES5
£267.5K01/232.34 mi6, Peterson Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4LF5
£395K06/212.43 mi74, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PS5
£280K03/212.45 mi29, Park Drive, Grimsby, North East Lincolnshire DN32 0EG5
£450K03/232.58 mi23, Welholme Road, Grimsby, North East Lincolnshire DN32 0DR5
£420K03/232.63 mi27, Weelsby Road, Grimsby, North East Lincolnshire DN32 0QA5
£330K05/212.66 mi39, Abbey Park Road, Grimsby, North East Lincolnshire DN32 0HS5
£600K07/222.67 mi8, Park Drive, Grimsby, North East Lincolnshire DN32 0EE5
£315K09/212.69 mi6, Abbey Road, Grimsby, North East Lincolnshire DN32 0HQ5
£382K03/232.7 mi75, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PL5
£340K06/212.81 mi19, Eastwood Avenue, Grimsby, North East Lincolnshire DN34 5BE5
£239.9K06/212.83 mi34, St Helens Avenue, Grimsby, North East Lincolnshire DN33 2AH5
£355K03/212.87 mi72, St Giles Avenue, Grimsby, North East Lincolnshire DN33 2HD5
£245K09/212.88 mi30, Cragston Avenue, Grimsby, North East Lincolnshire DN33 2AU5
£295K11/202.89 mi23, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DD5
£357K08/232.92 mi21, St Giles Avenue, Grimsby, North East Lincolnshire DN33 2HA5
£350K03/212.93 mi18, Pelham Road, Grimsby, North East Lincolnshire DN34 4SU5
£220K12/202.97 mi12, Princes Avenue, Grimsby, North East Lincolnshire DN31 2AA5

Local Area Statistics

Population in DN35

34,530

Town centre distance

0.26 miles away

Nearest school

0.40 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+51%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £175,000

February 4, 2025

Listed for £180,000

June 1, 2024

Floor Plans

Description

  • Ideal Property For HMO +
  • Perfect Sea Front Location +
  • 5 Good Sized Bedrooms +
  • Gas Central Heating +
  • Spacious 3-Storey Property +
  • Freshly Decorated Throughout +
  • Council Tax Band A +

Situated within stones throw from the stunning Cleethorpes Sea Front is this stylish 3-storey, 5 bedroom family home. Having been previous operated as HMO accommodation, it offers fantastic versatility and oozing character.
The spacious accommodation briefly comprises: entrance hallway, rather large living room with feature bay window, spacious dining room with fireplace, fitted kitchen, cloakroom, and stylish double bedroom to the rear.
On the first floor there is a generous landing area which holds three good sized bedrooms and spacious bathroom with shower over bath.
The second floor holds a large double bedroom which offers stunning views of the Sea Front.
Externally, the property boasts gardens to the front and rear. Both of which are easy to maintain.
It also benefits from a gas central heating system and uPVC double glazing.

Entrance Hallway -

Living Room - 3.78m x 3.43m (12'5 x 11'3) -

Dining Room - 3.94m x 3.48m (12'11 x 11'5) -

Kitchen - 3.86m x 2.72m (12'8 x 8'11) -

Cloakroom / W.C - 1.68m x 1.09m (5'6 x 3'7) -

Bedroom 1 - 4.11m x 2.54m (13'6 x 8'4) -

Bedroom 2 - 4.47m x 3.81m (14'8 x 12'6) -

Bedroom 3 - 3.94m x 2.69m (12'11 x 8'10) -

Bedroom 4 - 3.07m x 2.64m (10'1 x 8'8) -

Bedroom 5 - 4.11m x 3.66m (13'6 x 12'0) -

Bathroom - 1.80m x 1.78m (5'11 x 5'10) -

Rear Garden -

Agent Details

Farrow Estate Agent Ltd, Grimsby

01472 907517

Next Steps?

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