4 Bed Detached House, Refurb/BRRR, Grimsby, DN36 5QG, £365,000

APPLEBY HOUSE Church Lane, Grimsby, Lincolnshire, DN36 5QG - 3 views - 10 months ago

Refurb/BRRR
~187 m²
+21 photos

ValuationUndervalued

Sold Prices£152.5K - £600K
Sold Prices/m²£1.7K/m² - £3.2K/m²

 

 

Square Metres

~187.20 m²
Price/m²£1.9K/m²

Value Estimate

£375,950
BMV3%

 

 

End Value (After Refurb)

£408,211

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£17,900

Refurb Costs

£75,703

Bridging Loan Interest

£9,581

Total Cash In

£196,184

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£408,211

Mortgage (After Refinance)

£306,159

Mortgage LTV

75%

Cash Released

£32,409

Cash Left In

£163,776

Equity

£102,053

Rent Range

£550 - £2,500

Rent Estimate

£1,256

Running Costs/mo

£1,547

Cashflow/mo

£-291

Cashflow/yr

£-3,490

Gross Yield

4%

Local Sold Prices

35 sold prices from £152.5K to £600K, average is £294K. £1.7K/m² to £3.2K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£315K10/200.12 miThe Wickets, High Street, North Thoresby, Grimsby, Lincolnshire DN36 5PL4
£325K07/210.12 mi11, Highfield Road, North Thoresby, Grimsby, Lincolnshire DN36 5RT4
£257K12/200.12 mi38, Highfield Road, North Thoresby, Grimsby, Lincolnshire DN36 5RT4
£355K05/210.17 miAppleby House, Church Lane, North Thoresby, Grimsby, Lincolnshire DN36 5QG4
£205K12/200.18 mi22, Robinsons Lane, North Thoresby, Grimsby, Lincolnshire DN36 5QY4
£475K07/230.42 miWillows, Station Road, North Thoresby, Grimsby, Lincolnshire DN36 5QS4
£600K11/231.79 miAsh Tree House, Livesey Road, Ludborough, Grimsby, Lincolnshire DN36 5SF4
£435K04/231.88 miBirches, Ludborough Park, Ludborough, Grimsby, Lincolnshire DN36 5SN4
£450K07/232.14 mi3, Todds Close, Tetney, Grimsby, Lincolnshire DN36 5LD4
£212.5K02/212.22 mi8, St Johns Gate, Tetney, Grimsby, Lincolnshire DN36 5PH4
£390K01/212.32 miKingfisher Lodge, Northway, Fulstow, Louth, Lincolnshire LN11 0XH4
£275K11/202.32 miThe Orchards, Northway, Fulstow, Louth, Lincolnshire LN11 0XH4
£290K12/222.34 miLindridge House, Church Lane, Tetney, Grimsby, Lincolnshire DN36 5JX4
£310K06/212.34 mi19, Casswell Crescent, Fulstow, Louth, Lincolnshire LN11 0XJ4
£320K03/232.34 mi17, Casswell Crescent, Fulstow, Louth, Lincolnshire LN11 0XJ4
£269.9K04/232.37 mi1, Fenwick Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5DG4
£294K06/232.37 mi11, Fenwick Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5DG4
£400K02/232.37 miTintagel Cottage, Holton Road, Tetney, Grimsby, Lincolnshire DN36 5LR4
£270K09/232.43 mi101, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YF4
£265K11/212.44 mi18, Inghams Road, Tetney, Grimsby, Lincolnshire DN36 5LW4
£245K11/202.44 mi18, Inghams Road, Tetney, Grimsby, Lincolnshire DN36 5LW4
£245K11/232.45 mi56, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YE4
£284K04/212.45 mi84, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YE4
£152.5K12/222.49 mi4, Evendine Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5BB4
£250K08/232.54 mi3, Osbourne Drive, Holton Le Clay, Grimsby, Lincolnshire DN36 5DP4
£327K09/212.61 mi81, Tetney Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5AU4
£180K08/212.62 mi11, Riby Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5BT4
£215K08/212.62 mi8, Whisby Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5BG4
£343K11/202.7 mi11, Tetney Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5AP4
£385K11/212.7 miThe Sycamores, Chapel Lane, Ashby Cum Fenby, Grimsby, North East Lincolnshire DN37 0QT4
£452K10/222.77 miThe Rectory, Post Office Lane, Ashby Cum Fenby, Grimsby, North East Lincolnshire DN37 0QS4
£249K03/212.78 mi9, Eastfield Rise, Holton Le Clay, Grimsby, Lincolnshire DN36 5AJ4
£373K08/212.82 miHawthorne House, Cheapside, Waltham, Grimsby, North East Lincolnshire DN37 0HX4
£240K03/212.85 miThe Posthouse, Main Road, Utterby, Louth, Lincolnshire LN11 0TP4
£400K12/222.99 mi23, Cambrian Way, Holton Le Clay, Grimsby, Lincolnshire DN36 5DE4

Local Rents

8 rents from £550/mo to £2.5K/mo, average is £948/mo.

RentDateDistanceAddressBeds 
£1,65004/240.46 miStation Road, North Thoresby4
£2,50003/242.07 miThoresby Road, Tetney, DN365
£2,30004/242.08 miThe Barn, Thoresby Road, Tetney6
£69506/242.2 miStarks Row , Fulstow2
£1,20004/242.2 miTown Road, Tetney4
£55011/232.41 mi-2
£59504/242.42 miBeverley Close, Holton-Le-Clay, Grimsby, DN362
£55505/242.42 mi-2

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

6.46 miles away

Nearest school

0.10 miles away

Nearest train station

6.69 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £365,000

June 27, 2024

Sold for £355,000

2021

Floor Plans

Description

  • Available with No Forward Chain +
  • Stunning Detached Property +
  • Sizable Gardens +
  • Idyllic Village Location +
  • 4 Bedrooms +
  • Opportunities for Improvement +
  • Large Drive, Car Port and Garage +
  • Council Tax Band E +
  • EPC Grade D +

Available to market with NO FORWARD CHAIN

An utterly unique opportunity at idyllic village life in a beautiful home awaits any buyer keen to explore the rich potential of this stunning family house.

Nestled within the village of North Thoresby, the property is well placed to be within easy commutable distance from Grimsby, Cleethorpes and Louth while offering up its own range of amenities such as village shops and pubs.

Requiring a substantial scheme of modernisation, this property represents the proverbial blank canvas, set against the backdrop of a staggeringly extensive, secluded, and private mature plot that is closely situated to the village church. Offering both beautiful front and rear gardens and a wealth of space, the property also boasts an extensive gated drive for multiple vehicles, a car port and garage.

It is abundantly clear when exploring this house that it was built for family use. It's broad dimensions, modern charm and attractive character all combine to reveal an immensely generous and practical home. The extensive opportunities for improvement include a scheme of modernisation that could add substantial value to the property, while enabling any buyer to place their own unique stamp and personality on such a special home.

Reception space consists of a well-appointed lounge/diner that also leads on to a large conservatory to the rear via a set of patio doors. This is a highly adaptable and spacious set of rooms that provides plentiful space for dining, entertaining or relaxing while the conservatory supplies an excellent vantage of the amazing rear garden, a chance to sit and enjoy such privileged access to the natural world around.

The fitted kitchen can be accessed from the dining area and entrance hall, providing an extensive range of options for those looking to modernise the kitchen, or even utilise the serviceable elements in place already. Further convenience can be found in the form of a downstairs W/C and a large utility room found at the back of the integral garage, and accessed via an internal lobby corridor.

The first floor consists of four well-proportioned bedrooms that would be the envy of most other large detached homes, while two bathrooms, including family main and ensuite from the main bedroom, add to the extensive array of advantages that this property already claims in its favour.

The house is also serviced by an oil fired central heating system and boiler as well double glazing throughout, while its relatively modern build has rendered it a surprisingly energy efficient property for a home of such scale.

In short, this property represents an amazing opportunity; an utterly singular style of project, and a chance to craft a once in a lifetime family home in a truly beautiful part of the area.

This agent would firmly recommend internal viewing to fully appreciate all that this home could have to offer.

Agent Details

Relo Estate Agents, Covering Grimsby

01472 404360

Next Steps?

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