4 Bed Detached House, Refurb/BRRR, Grimsby, DN34 4TA, £350,000

Augusta Street, Grimsby, Lincolnshire, DN34 4TA - 9 months ago

Sold STC
Refurb/BRRR
~157 m²
+16 photos

ValuationOvervalued

Sold Prices£82K - £467.5K
Sold Prices/m²£640/m² - £3.4K/m²

 

 

Square Metres

~156.60 m²
Price/m²£2.2K/m²

Value Estimate

£244,616

 

 

End Value (After Refurb)

£350,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Refurb Costs

£63,458

Bridging Loan Interest

£9,188

Total Cash In

£185,595

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£350,000

Mortgage (After Refinance)

£262,500

Mortgage LTV

75%

Cash Left In

£185,595

Equity

£87,500

Rent Range

£462 - £2,500

Rent Estimate

£929

Running Costs/mo

£1,300

Cashflow/mo

£-371

Cashflow/yr

£-4,447

Gross Yield

3%

Local Sold Prices

50 sold prices from £82K to £467.5K, average is £250K. £640/m² to £3.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£280K06/210.07 mi6, Augusta Oaks, Grimsby, North East Lincolnshire DN34 4UG4
£425K02/230.11 mi8, Augusta Close, Grimsby, North East Lincolnshire DN34 4TF4
£245K04/230.11 mi47, Canterbury Drive, Grimsby, North East Lincolnshire DN34 4TS4
£190K02/210.11 mi37, Canterbury Drive, Grimsby, North East Lincolnshire DN34 4TS4
£410K09/210.16 mi35, Augusta Street, Grimsby, North East Lincolnshire DN34 4TH4
£245K11/220.18 mi1, Compton Drive, Grimsby, North East Lincolnshire DN34 4PB4
£410K03/210.19 mi15, Augusta Close, Grimsby, North East Lincolnshire DN34 4TG4
£165K04/210.19 mi6, The Close, Grimsby, North East Lincolnshire DN34 4PE4
£205K04/210.19 mi2, The Close, Grimsby, North East Lincolnshire DN34 4PE4
£375K09/220.2 mi11, Northumberland Close, Grimsby, North East Lincolnshire DN34 4TE4
£242.5K12/210.2 mi58, Brighowgate, Grimsby, North East Lincolnshire DN32 0QW4
£350K10/200.21 mi101, Abbey Road, Grimsby, North East Lincolnshire DN32 0HN4
£189.5K01/210.22 mi36, St Anns Avenue, Grimsby, North East Lincolnshire DN34 4PW4
£325K10/200.22 mi36, Westward Ho, Grimsby, North East Lincolnshire DN34 5AE4
£227.5K09/200.23 mi5, Heathfield Court, Grimsby, North East Lincolnshire DN34 4TW4
£129K01/230.23 mi21, Sackville Street, Grimsby, North East Lincolnshire DN34 4NX4
£305K10/220.24 mi46, Brighowgate, Grimsby, North East Lincolnshire DN32 0QW4
£145.5K09/200.25 mi2, Sackville Street, Grimsby, North East Lincolnshire DN34 4NX4
£209.9K07/230.3 mi14, Welholme Road, Grimsby, North East Lincolnshire DN32 0DU4
£149K09/210.31 mi19, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£157.5K07/210.31 mi23, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£178K06/230.31 mi5, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£177K03/220.32 mi12, Littlefield Lane, Grimsby, North East Lincolnshire DN31 2AZ4
£265K05/220.32 mi10, Roundway, Grimsby, North East Lincolnshire DN34 5AS4
£250K08/230.33 mi30, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0EA4
£465K09/210.33 mi16, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0EA4
£250K04/220.33 mi102, Bargate, Grimsby, North East Lincolnshire DN34 5AB4
£405K05/210.34 mi51, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£467.5K07/220.34 mi45, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£425K08/230.34 mi53, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£160K03/210.35 mi17, Littlefield Lane, Grimsby, North East Lincolnshire DN31 2LG4
£135K12/200.38 mi9, Abbey Drive East, Grimsby, North East Lincolnshire DN32 0HD4
£422K12/220.39 mi8, Bargate Avenue, Grimsby, North East Lincolnshire DN32 0ED4
£250K03/210.41 mi14, Lambert Road, Grimsby, North East Lincolnshire DN32 0HT4
£225K06/210.41 mi18, Lambert Road, Grimsby, North East Lincolnshire DN32 0HT4
£250K09/210.43 mi85, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PL4
£82K01/210.43 mi6, Harrison Street, Grimsby, North East Lincolnshire DN31 2DX4
£225K08/210.43 mi58, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PN4
£430K11/210.43 mi38, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PN4
£117K06/210.44 mi38, Wentworth Road, Grimsby, North East Lincolnshire DN34 4AR4
£100K05/220.48 mi52, Earl Street, Grimsby, North East Lincolnshire DN31 2PW4
£93K05/230.49 mi37, Ainslie Street, Grimsby, North East Lincolnshire DN32 0LY4
£406.2K05/230.49 mi17, Park Drive, Grimsby, North East Lincolnshire DN32 0EF4
£330K11/220.5 mi2, Devonshire Avenue, Grimsby, North East Lincolnshire DN32 0BW4
£325K03/220.5 mi8, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PP4
£257.5K04/210.53 mi35, Laceby Road, Grimsby, North East Lincolnshire DN34 5BH4
£365K04/230.55 mi67, Bargate, Grimsby, North East Lincolnshire DN34 5BD4
£194K10/200.56 mi18, Devonshire Avenue, Grimsby, North East Lincolnshire DN32 0BW4
£335K06/210.56 mi19, Devonshire Avenue, Grimsby, North East Lincolnshire DN32 0BW4
£350K04/210.56 mi21, Devonshire Avenue, Grimsby, North East Lincolnshire DN32 0BW4

Local Rents

39 rents from £462/mo to £2.5K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£2,00004/240.08 miAugusta Street, Grimsby4
£85003/240.17 mi-3
£77504/240.18 miBargate ( GF Front), Grimsby, North East Lincolnshire, DN343
£1,39503/240.21 miThe Curve, Welholme Avenue, Grimsby4
£1,39503/240.21 miThe Curve, Welholme Avenue, Grimsby4
£1,39503/240.22 miWelholme Avenue, Grimsby, DN324
£1,39503/240.24 miThe Curve, Welholme Road, Grimsby4
£79503/240.3 miManor Avenue, Grimsby, Lincolnshire, DN323
£90004/240.3 miThe Cresta, Grimsby, N E Lincs, DN34 3
£1,10004/240.3 miWelholme Road, Grimsby, Lincolnshire, DN323
£67007/230.42 mi-3
£64007/230.43 mi-3
£60004/240.44 miCartergate, Grimsby, Lincolnshire, DN313
£85010/240.46 mi-3
£57501/240.47 mi-3
£57501/240.47 mi-3
£80003/240.49 miAinslie Street, Grimsby, DN324
£53503/240.49 miRipon Street, Grimsby, N E Lincolnshire, DN313
£55003/240.52 miAnderson Street, Grimsby3
£60004/240.54 mi-3
£56303/240.56 mi-3
£56307/240.56 mi-3
£55003/240.57 miLancaster Avenue, Grimsby3
£99003/240.57 miMacaulay Park, Grimsby, DN313
£75001/240.57 mi-4
£75001/240.57 mi-4
£49504/240.57 miWintringham Road, Grimsby3
£62502/240.58 mi-3
£62502/240.58 mi-3
£62504/240.58 mi-3
£46212/230.59 mi-3
£2,50004/240.59 mi-4
£2,50004/240.59 mi-4
£2,50003/240.59 miLegsby Avenue, Grimsby, DN324
£68004/240.6 mi-3
£65003/240.6 miMacaulay Street, Grimsby, DN313
£75008/240.6 mi-3
£69503/240.61 miAshtree Avenue, Grimsby3
£1,30005/240.62 miPark Drive, Grimsby4

Local Area Statistics

Population in DN34

19,205

Population in Grimsby

124,581

Town centre distance

0.16 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental growth (12m)

-18%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £350,000

June 17, 2024

Floor Plans

Description

  • Detached Property +
  • 4 Bedrooms +
  • Lounge & Dining Room +
  • Kitchen & Study +
  • Driveway & Garage +
  • Spacious Rear Garden +
  • Well Presented Throughout +
  • EPC Rating - TBC, Council Tax Band - E +

This substantial 4 bedroom detached family residence lies in this desirable area of Grimsby. The property is well presented throughout which has an excellent opportunity for modernisation to suit your personal taste. The home features a generous driveway and a detached garage, providing ample parking and storage space. Inside, you'll find a welcoming layout with four well-sized bedrooms, making it ideal for family living. One of the highlights of this property is the large, well-kept garden. Perfect for outdoor activities, gardening enthusiasts, or simply relaxing in a private, green space, the garden adds significant appeal. Situated in a well respected area of Grimsby, the home is close to reputable schools, local amenities, and transport links, making daily commutes and errands convenient. Internal accommodation briefly comprises; Entrance Hallway, WC, Lounge, Study, Dining Room and Kitchen. Upstairs are 4 Bedrooms and Family Bathroom.  Viewings are highly recommended to fully appreciate the living space on offer.

Agent Details

Pygott & Crone, Grimsby

01472 404413

Next Steps?

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