3 Bed Terraced House, Refurb/BRRR, Grimsby, DN31 2QY, £35,000
ValuationUndervalued
Sold Prices | £40K - £122K |
Sold Prices/m² | £449/m² - £1.4K/m² |
| |
Square Metres | ~86.50 m² |
Price/m² | £405/m² |
Value Estimate | £43,400£43,400 |
BMV | 24% |
Investment Opportunity
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £8,750£8,750 |
Stamp Duty & Legal Fees | £1,200£1,200 |
Total Cash In | £9,950£9,950 |
| |
Cash Out | |
Rent Range | £462 - £990£462 - £990 |
Rent Estimate | £0 |
Running Costs/mo | £129£129 |
Cashflow/mo | £-129£-129 |
Cashflow/yr | £-1,552£-1,552 |
Local Sold Prices
50 sold prices from £40K to £122K, average is £68K. £449/m² to £1.4K/m², average is £831/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£62K | 06/23 | 0.02 mi | 97, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW | £681 | 91 | 3 | Terraced House | |
£55K | 05/21 | 0.02 mi | 97, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW | £604 | 91 | 3 | Terraced House | |
£55K | 05/21 | 0.02 mi | 113, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW | - | - | 3 | Terraced House | |
£93K | 12/22 | 0.04 mi | 1, Harlow Street, Grimsby, North East Lincolnshire DN31 2QX | £1,134 | 82 | 3 | Terraced House | |
£74.5K | 12/22 | 0.07 mi | 164, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RP | £931 | 80 | 3 | Terraced House | |
£47K | 09/20 | 0.07 mi | 126, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RP | £534 | 88 | 3 | Terraced House | |
£50K | 05/21 | 0.1 mi | 57, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RL | £568 | 88 | 3 | Terraced House | |
£64K | 04/23 | 0.1 mi | 141, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RR | £831 | 77 | 3 | Terraced House | |
£47K | 09/20 | 0.11 mi | 14, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QR | £540 | 87 | 3 | Terraced House | |
£68K | 02/23 | 0.11 mi | 28, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QR | £829 | 82 | 3 | Terraced House | |
£40K | 10/20 | 0.11 mi | 25, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QP | £449 | 89 | 3 | Terraced House | |
£68K | 06/23 | 0.12 mi | 30, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RN | - | - | 3 | Terraced House | |
£65K | 12/22 | 0.13 mi | 93, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RU | £793 | 82 | 3 | Terraced House | |
£50K | 06/23 | 0.13 mi | 22, Dunmow Street, Grimsby, North East Lincolnshire DN31 2RE | £532 | 94 | 3 | Semi-Detached House | |
£87K | 08/23 | 0.17 mi | 155, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RY | £1,160 | 75 | 3 | Terraced House | |
£46K | 10/20 | 0.17 mi | 153, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RY | £639 | 72 | 3 | Terraced House | |
£50K | 08/21 | 0.17 mi | 153, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RY | £694 | 72 | 3 | Terraced House | |
£47K | 01/23 | 0.19 mi | 121, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ | - | - | 3 | Terraced House | |
£75K | 08/21 | 0.22 mi | 93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ | £852 | 88 | 3 | Terraced House | |
£43K | 10/20 | 0.22 mi | 93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ | £489 | 88 | 3 | Terraced House | |
£50K | 08/21 | 0.23 mi | 6, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS | - | - | 3 | Terraced House | |
£54K | 02/21 | 0.23 mi | 13, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS | £692 | 78 | 3 | Terraced House | |
£59K | 06/21 | 0.23 mi | 249, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ | - | - | 3 | Terraced House | |
£80K | 10/20 | 0.24 mi | 24, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA | £1,176 | 68 | 3 | Terraced House | |
£95K | 11/20 | 0.24 mi | 35, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA | £1,267 | 75 | 3 | Terraced House | |
£71K | 04/21 | 0.24 mi | 2, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA | £1,203 | 59 | 3 | Terraced House | |
£90K | 11/22 | 0.24 mi | 237, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ | - | - | 3 | Terraced House | |
£90K | 09/22 | 0.24 mi | 12, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA | £1,385 | 65 | 3 | Semi-Detached House | |
£95K | 01/22 | 0.24 mi | 35, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW | £1,284 | 74 | 3 | Semi-Detached House | |
£56K | 02/21 | 0.25 mi | 10, Beeson Grove, Grimsby, Humberside DN31 2QJ | £875 | 64 | 3 | Terraced House | |
£83K | 12/20 | 0.25 mi | 26, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW | £1,153 | 72 | 3 | Terraced House | |
£88K | 01/21 | 0.25 mi | 33a, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW | £1,189 | 74 | 3 | Terraced House | |
£84K | 12/22 | 0.26 mi | 100, Boulevard Avenue, Grimsby, North East Lincolnshire DN31 2JH | £1,097 | 77 | 3 | Terraced House | |
£60K | 03/21 | 0.29 mi | 33, Joseph Street, Grimsby, North East Lincolnshire DN31 2NU | £723 | 83 | 3 | Terraced House | |
£47K | 10/20 | 0.33 mi | 185, Corporation Road, Grimsby, North East Lincolnshire DN31 2PY | £495 | 95 | 3 | Terraced House | |
£100K | 02/23 | 0.34 mi | 196, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ | - | - | 3 | Terraced House | |
£65K | 04/21 | 0.34 mi | 176, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ | £776 | 84 | 3 | Terraced House | |
£60K | 07/23 | 0.36 mi | 66, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PA | - | - | 3 | Terraced House | |
£46K | 06/21 | 0.37 mi | 153, Lord Street, Grimsby, North East Lincolnshire DN31 2NH | £554 | 83 | 3 | Terraced House | |
£122K | 02/23 | 0.37 mi | 117, Lord Street, Grimsby, North East Lincolnshire DN31 2NH | £1,386 | 88 | 3 | Semi-Detached House | |
£90K | 12/22 | 0.37 mi | 46, James Street, Grimsby, North East Lincolnshire DN31 2JE | - | - | 3 | Terraced House | |
£78.5K | 07/21 | 0.37 mi | 62, James Street, Grimsby, North East Lincolnshire DN31 2JE | £897 | 88 | 3 | Terraced House | |
£87K | 12/20 | 0.37 mi | 44, Lister Street, Grimsby, North East Lincolnshire DN31 2JG | £1,048 | 83 | 3 | Terraced House | |
£75K | 02/23 | 0.39 mi | 144, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP | - | - | 3 | Terraced House | |
£70K | 02/23 | 0.4 mi | 140, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP | £796 | 88 | 3 | Terraced House | |
£60K | 02/21 | 0.41 mi | 71, Henry Street, Grimsby, North East Lincolnshire DN31 2JA | £732 | 82 | 3 | Terraced House | |
£76K | 05/21 | 0.41 mi | 36, Henry Street, Grimsby, North East Lincolnshire DN31 2JA | £916 | 83 | 3 | Terraced House | |
£80K | 06/21 | 0.41 mi | 46, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PB | - | - | 3 | Terraced House | |
£82.5K | 01/23 | 0.41 mi | 220, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EJ | £994 | 83 | 3 | Terraced House | |
£70K | 07/21 | 0.41 mi | 27, Lister Street, Grimsby, Humberside DN31 2HZ | £854 | 82 | 3 | Terraced House |
Local Rents
52 rents from £462/mo to £990/mo, average is £625/mo.
Rent | Date | Distance | Address | Beds | Type | |
£495 | 03/24 | 0.04 mi | Elsenham Road, Grimsby | 3 | Terraced House | |
£625 | 10/24 | 0.05 mi | - | 3 | Terraced House | |
£625 | 02/24 | 0.07 mi | - | 3 | Terraced House | |
£630 | 01/24 | 0.09 mi | - | 3 | Terraced House | |
£640 | 09/24 | 0.09 mi | - | 3 | Terraced House | |
£525 | 07/24 | 0.1 mi | - | 3 | Terraced House | |
£550 | 04/24 | 0.21 mi | Corporation Road, Grimsby | 3 | Terraced House | |
£595 | 03/24 | 0.23 mi | Corporation Road, Grimsby | 3 | Terraced House | |
£990 | 05/24 | 0.28 mi | Macaulay Park, Grimsby, DN31 | 3 | Semi-Detached House | |
£595 | 03/24 | 0.32 mi | James Street, Grimsby, South Humberside, DN31 | 3 | Terraced House | |
£645 | 09/24 | 0.33 mi | - | 3 | Terraced House | |
£600 | 03/24 | 0.33 mi | Lawrence Street, Grimsby | 3 | Terraced House | |
£525 | 03/24 | 0.33 mi | Corporation Road, Grimsby | 3 | Flat | |
£563 | 01/24 | 0.35 mi | - | 3 | Terraced House | |
£563 | 04/24 | 0.35 mi | - | 3 | Terraced House | |
£550 | 04/24 | 0.36 mi | Lord Street, Grimsby | 3 | Terraced House | |
£485 | 03/24 | 0.37 mi | Henry Street, Grimsby, DN31 2JB | 3 | Terraced House | |
£560 | 06/24 | 0.37 mi | - | 3 | Terraced House | |
£650 | 03/24 | 0.4 mi | Macaulay Street, Grimsby, DN31 | 3 | Flat | |
£680 | 04/24 | 0.4 mi | - | 3 | Terraced House | |
£462 | 12/23 | 0.41 mi | - | 3 | Terraced House | |
£625 | 02/24 | 0.43 mi | - | 3 | Terraced House | |
£625 | 02/24 | 0.43 mi | - | 3 | Terraced House | |
£625 | 04/24 | 0.43 mi | - | 3 | Terraced House | |
£525 | 03/24 | 0.43 mi | Haycroft Street, Grimsby | 3 | Terraced House | |
£563 | 03/24 | 0.44 mi | - | 3 | Terraced House | |
£563 | 07/24 | 0.44 mi | - | 3 | Terraced House | |
£650 | 01/25 | 0.44 mi | - | 3 | Terraced House | |
£650 | 12/24 | 0.44 mi | - | 3 | Terraced House | |
£675 | 04/24 | 0.44 mi | Roseveare Avenue, Grimsby, Lincolnshire, DN31 | 3 | Terraced House | |
£550 | 03/24 | 0.44 mi | Lancaster Avenue, Grimsby | 3 | Terraced House | |
£600 | 04/24 | 0.46 mi | - | 3 | Terraced House | |
£930 | 03/24 | 0.47 mi | Macaulay Park, Grimsby, DN31 | 3 | Semi-Detached House | |
£930 | 03/24 | 0.47 mi | Macaulay Park, Grimsby, DN31 | 3 | Semi-Detached House | |
£955 | 03/24 | 0.49 mi | Macaulay Park, Grimsby, DN31 | 3 | Detached House | |
£965 | 03/24 | 0.49 mi | Macaulay Park, Grimsby, DN31 | 3 | Detached House | |
£965 | 03/24 | 0.49 mi | Macaulay Park, Grimsby, DN31 | 3 | Detached House | |
£930 | 03/24 | 0.5 mi | Macaulay Park, Grimsby, DN31 | 3 | Semi-Detached House | |
£930 | 03/24 | 0.5 mi | Macaulay Park, Grimsby, DN31 | 3 | Semi-Detached House | |
£635 | 03/24 | 0.53 mi | Tyler Avenue, Grimsby | 3 | Terraced House | |
£650 | 03/24 | 0.53 mi | Roseveare Avenue, Grimsby | 3 | Detached House | |
£695 | 11/23 | 0.53 mi | - | 3 | Terraced House | |
£535 | 03/24 | 0.55 mi | Ripon Street, Grimsby, N E Lincolnshire, DN31 | 3 | Terraced House | |
£575 | 01/24 | 0.56 mi | - | 3 | Terraced House | |
£575 | 01/24 | 0.56 mi | - | 3 | Terraced House | |
£850 | 10/24 | 0.56 mi | - | 3 | Terraced House | |
£575 | 03/24 | 0.56 mi | Airedale Way, Grimsby | 3 | Terraced House | |
£625 | 10/24 | 0.56 mi | - | 3 | Terraced House | |
£625 | 05/24 | 0.56 mi | Spring Bank, Grimsby, DN34 | 3 | Terraced House | |
£590 | 07/23 | 0.57 mi | - | 3 | Terraced House | |
£625 | 05/24 | 0.57 mi | Spring Bank, Grimsby | 3 | Terraced House | |
£600 | 05/24 | 0.57 mi | - | 3 | Terraced House |
Local Area Statistics
Population in DN31 | 9,5989,598 |
Population in Grimsby | 124,581124,581 |
Town centre distance | 1.15 miles away1.15 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 0.90 miles away0.90 miles away |
| |
Rental demand | Tenant's marketTenant's market |
Rental growth (12m) | -6%-6% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +15%+15% |
Property History
Listed for £35,000
June 24, 2024
Floor Plans
Description
- EPC D +
- Being Sold By Online Auction +
- Buy-It-Now option available +
- Buyer's fees apply +
- Spacious three bedroom property +
- In need of modernisation +
- No Chain +
Being Sold by YOPA Online Auction Starting Bids from £35,000 Buy it now option available Please call or visit YOPA Online Auctions for more information. YOPA Online Auctions is a new, innovative and pioneering platform for buying and selling property. Open to both cash and mortgage buyers. It provides all the benefits synonymous with traditional auctions, including: speed and certainty of sale, transparency and zero risk of gazumping or double-selling but with the added advantage of being able to bid pressure-free from the comfort of your own home or office via desktop, tablet or mobile phone. YOPA also offer a Buy-it-Now feature which allows you to place an offer and purchase before the Auction end date. If you request a viewing of this property or make an offer, then you agree that your personal information (name and contact details) will be shared with GOTO Auctions (YOPA’s Online Auction partner) to enable them to ensure that you understand the auction process. To book a viewing visit YOPA. Presenting this terraced property, a hidden gem that is awaiting an eager buyer. This property is currently listed for sale and is in need of modernisation, promising an excellent opportunity for those looking to personalise their next home or investment.
Cash Buyer's only. This Property is of non standard construction and may effect your ability to purchase the property with a mortgage. The house boasts three bedrooms, two of which are spacious doubles and the third, a comfortable single room. These rooms, like the rest of the house, are ripe for refurbishing and offer ample space for creativity and personal design touches.
The property also features a single reception room. This space has been designed in an open-plan style, enhancing the flow of natural light and offering a versatile area for relaxation and entertainment. This room can easily accommodate both a living and dining area, making it perfect for both quiet nights in and hosting guests.
A functional kitchen also forms part of this property, ready to be transformed into the heart of the home. There is also a single bathroom, primed for modernisation.
Despite its need for updating, this property's potential is undeniable. Situated near public transport links, local amenities, and schools, it is ideally placed for families, couples, and investors.
The property benefits from being in council tax band A, easing the financial burden for the new homeowners. If you're seeking an exciting renovation project with excellent potential returns, this terraced property is an opportunity not to be missed.
Material information: The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract are issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of £6,600 including VAT and a Legal Pack Fee of £372 including VAT). This secures the transaction and takes the property off the market.
The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.
Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.
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