3 Bed Detached House, Refurb/BRRR, Grimsby, DN34 4UD, £219,950

3 2 2 Eaton Court, Grimsby - 7 months ago

Sold STC
Refurb/BRRR
72 m²
+13 photos

ValuationOvervalued

Sold Prices£93K - £350K
Sold Prices/m²£1K/m² - £2.5K/m²

 

 

Square Metres

72.02 m²
Price/m²£3.1K/m²

Value Estimate

£123,008

 

 

End Value (After Refurb)

£209,963

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£54,988

Stamp Duty & Legal Fees

£7,799

Refurb Costs

£29,184

Bridging Loan Interest

£5,774

Total Cash In

£99,494

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£209,963

Mortgage (After Refinance)

£157,472

Mortgage LTV

75%

Cash Left In

£99,494

Equity

£52,491

Rent Range

£495 - £1,100

Rent Estimate

£710

Running Costs/mo

£818

Cashflow/mo

£-108

Cashflow/yr

£-1,298

Gross Yield

4%

Local Sold Prices

50 sold prices from £93K to £350K, average is £170K. £1K/m² to £2.5K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£350K02/210.06 mi1a, Westlands Avenue, Grimsby, North East Lincolnshire DN34 4SP3
£250K12/220.09 mi5, Augusta Close, Grimsby, North East Lincolnshire DN34 4TF3
£185K11/220.09 mi10, Augusta Street, Grimsby, North East Lincolnshire DN34 4TA3
£197.5K06/230.11 mi29, College Street, Grimsby, North East Lincolnshire DN34 4TN3
£249K03/230.12 mi17, Augusta Close, Grimsby, North East Lincolnshire DN34 4TQ3
£200K08/200.14 mi34, Westward Ho, Grimsby, North East Lincolnshire DN34 5AE3
£160K07/230.18 mi18, Canterbury Drive, Grimsby, North East Lincolnshire DN34 4TS3
£119K03/210.18 mi38, Canterbury Drive, Grimsby, North East Lincolnshire DN34 4TS3
£302K05/220.18 mi12a, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0HP3
£210K11/220.19 mi88, Bargate, Grimsby, North East Lincolnshire DN34 5AB3
£225K12/200.21 mi30, The Cresta, Grimsby, North East Lincolnshire DN34 5AW3
£134.9K05/210.21 mi3, Westminster Drive, Grimsby, North East Lincolnshire DN34 4TT3
£128K05/210.21 mi11, Westminster Drive, Grimsby, North East Lincolnshire DN34 4TT3
£153K11/200.22 mi32, Westminster Drive, Grimsby, North East Lincolnshire DN34 4TZ3
£180K01/230.23 mi35, The Cresta, Grimsby, North East Lincolnshire DN34 5AP3
£140K10/200.23 mi52, Westminster Drive, Grimsby, North East Lincolnshire DN34 4TY3
£215K03/210.24 mi64d, Brighowgate, Grimsby, North East Lincolnshire DN32 0QW3
£176K11/210.24 mi3, Roundway, Grimsby, North East Lincolnshire DN34 5AS3
£195K03/210.24 mi63, Roundway, Grimsby, Humberside DN34 5AS3
£185K11/220.24 mi43, Roundway, Grimsby, North East Lincolnshire DN34 5AS3
£233K06/230.24 mi59, Roundway, Grimsby, North East Lincolnshire DN34 5AS3
£138K06/230.25 mi4, Hereford Avenue, Grimsby, North East Lincolnshire DN34 5AJ3
£193K03/210.26 mi26, Welholme Road, Grimsby, North East Lincolnshire DN32 0DU3
£277K07/210.26 mi7, Welholme Road, Grimsby, North East Lincolnshire DN32 0DT3
£207K07/220.26 mi10, Compton Drive, Grimsby, North East Lincolnshire DN34 4PB3
£160K09/210.27 mi32, Compton Drive, Grimsby, North East Lincolnshire DN34 4PB3
£122.3K10/200.27 mi31, Compton Drive, Grimsby, North East Lincolnshire DN34 4PB3
£157.5K06/210.27 mi23, Compton Drive, Grimsby, North East Lincolnshire DN34 4PB3
£162K06/210.27 mi34, Compton Drive, Grimsby, North East Lincolnshire DN34 4PB3
£163K03/210.28 mi28, St Anns Avenue, Grimsby, North East Lincolnshire DN34 4PW3
£185K10/200.28 mi15, St Anns Avenue, Grimsby, North East Lincolnshire DN34 4PW3
£170K07/230.28 mi23, St Anns Avenue, Grimsby, North East Lincolnshire DN34 4PW3
£167K11/200.28 mi11, St Hildas Avenue, Grimsby, North East Lincolnshire DN34 4PF3
£145K10/200.29 mi24, Carlton Road, Grimsby, North East Lincolnshire DN34 4PP3
£175K06/210.29 mi16, Carlton Road, Grimsby, North East Lincolnshire DN34 4PP3
£157.5K08/210.29 mi25, Carlton Road, Grimsby, Humberside DN34 4PP3
£140K01/210.29 mi35, Carlton Road, Grimsby, North East Lincolnshire DN34 4PP3
£195K06/210.32 mi25, Dudley Street, Grimsby, North East Lincolnshire DN31 2AW3
£115K08/210.35 mi131, Littlefield Lane, Grimsby, North East Lincolnshire DN34 4PN3
£93K06/230.35 mi34, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR3
£125K07/210.35 mi37, Littlefield Lane, Grimsby, North East Lincolnshire DN34 4NU3
£130K06/210.35 mi83, Littlefield Lane, Grimsby, North East Lincolnshire DN34 4NU3
£170K05/230.35 mi93, Littlefield Lane, Grimsby, North East Lincolnshire DN34 4NU3
£295K09/220.35 mi21, Abbey Drive West, Grimsby, North East Lincolnshire DN32 0HH3
£252K04/210.36 mi44, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PN3
£120K12/220.37 mi16, Phyllis Avenue, Grimsby, North East Lincolnshire DN34 4PJ3
£170K11/200.38 mi42, Gloucester Avenue, Grimsby, North East Lincolnshire DN34 5BW3
£118K08/210.39 mi49, Phyllis Avenue, Grimsby, North East Lincolnshire DN34 4PQ3
£111.5K12/200.39 mi34, Phyllis Avenue, Grimsby, North East Lincolnshire DN34 4PQ3
£119.5K06/210.39 mi41, Phyllis Avenue, Grimsby, Humberside DN34 4PQ3

Local Rents

19 rents from £495/mo to £1.1K/mo, average is £670/mo.

RentDateDistanceAddressBeds 
£77504/240.15 miBargate ( GF Front), Grimsby, North East Lincolnshire, DN343
£90004/240.22 miThe Cresta, Grimsby, N E Lincs, DN34 3
£85003/240.25 mi-3
£1,10004/240.26 miWelholme Road, Grimsby, Lincolnshire, DN323
£79503/240.34 miManor Avenue, Grimsby, Lincolnshire, DN323
£67007/230.45 mi-3
£64007/230.5 mi-3
£60004/240.52 miCartergate, Grimsby, Lincolnshire, DN313
£85010/240.54 mi-3
£57501/240.55 mi-3
£57501/240.55 mi-3
£75008/240.56 mi-3
£53503/240.58 miRipon Street, Grimsby, N E Lincolnshire, DN313
£49504/240.58 miWintringham Road, Grimsby3
£55003/240.6 miAnderson Street, Grimsby3
£72508/240.6 mi-3
£72512/240.61 mi-3
£60004/240.62 mi-3
£65001/240.62 mi-3

Local Area Statistics

Population in DN34

19,205

Population in Grimsby

124,581

Town centre distance

0.07 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental growth (12m)

-25%

Sales demand

Buyer's market

Capital growth (5yrs)

+16%

Property History

Price changed to £219,950

September 24, 2024

Listed for £239,950

June 14, 2024

Floor Plans

Description

  • Detached House +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Two Bathrooms +
  • Popular Town Centre Location +
  • Driveway & Garage +
  • uPVC Double Glazing +
  • Gas Central Heating +

NO CHAIN For sale is this well-maintained, three-bedroom, detached property located in a peaceful town centre residential area. Despite requiring some modernisation, this property offers a fantastic opportunity for families seeking a spacious home with a host of unique features and convenient access to local amenities, schools, and public transport links. Upon entering the property, you are greeted by a welcoming entrance hall that benefits from a cloakroom fitted with a wc and sink. The property boasts two reception rooms, both offering dual aspect windows that bathe the rooms in natural light. Reception room one serves as a cosy lounge, complete with a living flame gas fire - perfect for those relaxed evenings at home. Reception room two is a dining room, providing ample space for family meals and entertaining guests. Notably, it features a sliding door that opens up to the property's garden. This outdoor space is a real asset to the property, offering plenty of room for outdoor relaxation or children's play. The property's kitchen is practical and convenient, equipped with an oven and gas hob, along with plumbing for a washer and dishwasher, and space for a tumble dryer. There are three bedrooms within the property, two of which are double rooms. Both double bedrooms benefit from built-in wardrobes and dual aspect windows. The master bedroom offers the added luxury of an en-suite bathroom, fitted with a shower, sink with vanity unit, wc, and a towel radiator. The third bedroom is a single room, perfect for a child's bedroom or home office. In addition to the en-suite, the property also features a fully tiled family bathroom. Complete with a bath, shower, wc, and sink, this bathroom provides excellent facilities to meet a busy family's needs. One of the key unique features of the property is its garage and additional parking space. This, along with the beneficial uPVC double glazing and gas central heating, makes the property an attractive prospect for prospective buyers. In summary, this property provides an excellent opportunity for families to create their perfect home. With its spacious rooms, practical features, and ideal location, this property is sure to attract a great deal of interest. Please contact us today to arrange a viewing. EPC rating: C. Tenure: Freehold,

Agent Details

Lovelle, Grimsby

01472 404571

Next Steps?

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