3 Bed Bungalow, Refurb/BRRR, Grimsby, DN36 4NS, £160,000

31 Sea View Street, Cleethorpes, North East Lincolnshire, DN35 8EU - 3 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£132K - £343K
Sold Prices/m²£1.7K/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£165,000

 

 

End Value (After Refurb)

£201,989

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,150

Refurb Costs

£37,609

Bridging Loan Interest

£4,200

Total Cash In

£89,709

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£201,989

Mortgage (After Refinance)

£151,492

Mortgage LTV

75%

Cash Released

£31,492

Cash Left In

£58,217

Equity

£50,497

Rent Range

£825 - £1,000

Rent Estimate

£918

Running Costs/mo

£835

Cashflow/mo

£83

Cashflow/yr

£998

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £132K to £343K, average is £189.3K. £1.7K/m² to £3.1K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£200K08/230.04 mi11, Margaret Place, New Waltham, Grimsby, North East Lincolnshire DN36 4NR3
£182.5K11/200.05 mi44, Charles Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4PD3
£175K10/220.07 mi22, David Place, New Waltham, Grimsby, North East Lincolnshire DN36 4NT3
£140K06/210.11 mi13, Station Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QS3
£255K06/230.11 mi258, Station Road, New Waltham, Grimsby, North East Lincolnshire DN36 4PE3
£195K08/230.12 mi46, Pretymen Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4PB3
£159K11/210.12 mi29, Farmhouse Mews, New Waltham, Grimsby, North East Lincolnshire DN36 4YA3
£190K10/230.13 mi31, Pretymen Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4NU3
£200K10/230.13 mi51, Pretymen Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4NU3
£170K05/210.15 mi21, Greenlands Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4YE3
£270K01/210.2 mi5, Strathmore Court, New Waltham, Grimsby, North East Lincolnshire DN36 4BS3
£155K02/210.2 mi1a, Barbican Way, New Waltham, Grimsby, North East Lincolnshire DN36 4YN3
£230K05/210.24 mi10, Lindisfarne Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QB3
£255K04/230.24 mi15, Lindisfarne Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QB3
£149K03/230.26 mi16, Holme Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QN3
£132K03/210.26 mi16, Holme Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QN3
£285K12/220.27 mi17, Maple Grove, New Waltham, Grimsby, North East Lincolnshire DN36 4PU3
£188K01/210.29 mi56, Priors Close, New Waltham, Grimsby, North East Lincolnshire DN36 4RA3
£188.5K06/210.29 mi2, Findlay Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4QP3
£215K11/200.32 mi17, Pendeen Close, New Waltham, Grimsby, North East Lincolnshire DN36 4GQ3
£240K12/220.42 mi415, Louth Road, New Waltham, Grimsby, North East Lincolnshire DN36 4PX3
£220K06/210.43 mi8, St Clements Way, New Waltham, Grimsby, North East Lincolnshire DN36 4GU3
£184K11/220.43 mi32, Janton Court, New Waltham, Grimsby, North East Lincolnshire DN36 4LL3
£185K08/210.43 mi50, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4NB3
£190K05/210.43 mi42, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4NB3
£157K10/230.44 mi3, Baron Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NF3
£155K07/210.44 mi13, Earl Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NE3
£195K04/230.44 mi15, Earl Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NE3
£190K09/210.45 mi3, Roladan Close, New Waltham, Grimsby, North East Lincolnshire DN36 4BL3
£250K01/230.49 mi39, Mellor Way, New Waltham, Grimsby, North East Lincolnshire DN36 4GW3
£167K03/210.49 mi33, Peterson Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4GZ3
£155K01/210.49 mi35, Peterson Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4GZ3
£343K07/210.5 mi41a, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4SW3
£259.5K03/210.52 mi63, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4LZ3
£187.5K11/200.52 mi89, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4LZ3
£206.5K06/230.52 mi77, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4LZ3
£195K02/230.53 mi5, Wayside Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4LW3
£200K03/210.53 mi16, Moorland Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4NQ3
£170K06/220.55 mi10, Eagle Drive, Humberston, Grimsby, North East Lincolnshire DN36 4ZL3
£190K11/210.59 mi83, Peaks Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4LP3
£279.9K09/210.59 mi3, Trafalgar Park, New Waltham, Grimsby, North East Lincolnshire DN36 4YP3
£168K11/200.63 mi104, Peaks Avenue, New Waltham, Grimsby, North Lincolnshire DN36 4LT3
£310K12/200.68 mi62, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4SS3
£165K11/200.73 mi4, Weelsby View, New Waltham, Grimsby, North East Lincolnshire DN36 4LX3
£188.5K12/220.88 mi4, Braeton Lane, Grimsby, North East Lincolnshire DN33 2LE3
£254.5K02/230.95 mi6, Heron Way, Holton Le Clay, Grimsby, Lincolnshire DN36 5YD3
£185K01/230.96 mi34, Eastfield Avenue, Grimsby, North East Lincolnshire DN33 2PD3
£175K06/230.97 mi10, Eastfield Avenue, Grimsby, North East Lincolnshire DN33 2PD3
£145K11/200.97 mi34, Eastfield Avenue, Grimsby, North East Lincolnshire DN33 2PD3
£165K12/220.97 mi15, Eastfield Avenue, Grimsby, North East Lincolnshire DN33 2PD3

Local Rents

11 rents from £825/mo to £1K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£82502/240.01 mi-3
£89503/250.01 mi-3
£88504/240.14 miStation Avenue, New Waltham, Lincolnshire, DN363
£92503/240.42 miBecklands Avenue, New Waltham, Grimsby3
£89503/240.5 miHarvey Walk, New Waltham, DN363
£89504/240.5 mi-3
£89505/240.51 miPeterson Drive, Grimsby, DN363
£87508/240.51 mi-3
£99504/240.53 miWellington Avenue, New Waltham3
£1,00008/240.55 mi-3
£92503/240.57 miGreen Lane, Humberston, GRIMSBY3

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

2.72 miles away

Nearest school

0.30 miles away

Nearest train station

3.03 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £160,000

December 4, 2024

Listed for £165,000

June 28, 2024

Description

  • Semi Detached Dormer Bungalow +
  • Three Bedrooms +
  • Popular Village Location +
  • Excellent Potential +
  • Spacious & Versatile Accommodation +
  • Good Sized Gardens +
  • No Forward Chain +

NO FORWARD CHAIN | REQUIRES MODERNISATION | EXCELLENT POTENTIAL | PLEASANT VILLAGE LOCATION | VERSATILE ACCOMMODATION | GOOD SIZED GARDENS | AMPLE OFF ROAD PARKING & GARAGE | IDEALLY SITUTATED FOR LOCAL AMENITES | VIEWING HIGHLY RECOMMENDED
A superb opportunity to acquire this spacious three bedroom dormer bungalow, found just off Station Road, in the ever popular village of New Waltham.
In need of a full scheme of modernisation and refurbishment, the accommodation comprises:- a side entrance hall, front aspect lounge, kitchen, bathroom, a rear aspect double bedroom, third bedroom/dining room, and first floor master bedroom and dressing room (potential en-suite bathroom). Front and rear lawned gardens, driveway parking and detached garage.

Lounge - 5.11 x 3.45 (16'9" x 11'3") -

Kitchen - 3.39 x 2.41 (11'1" x 7'10") -

Bathroom - 2.23 x 1.92 (7'3" x 6'3") -

Bedroom 2 - 4.10 x 3.44 (13'5" x 11'3") -

Bedroom 3/Dining Room - 3.41 x 2.41 (11'2" x 7'10") -

First Floor -

Master Bedroom - 4.52 x 3.45 (14'9" x 11'3") -

Dressing Room - 3.39 x 3.22 (11'1" x 10'6") -

Tenure - FREEHOLD

Council Tax Band - B

Agent Details

Argyle Estate Agents, Cleethorpes

01472 404597

Next Steps?

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