Potential 4-Bed HMO, Grimsby, DN32 0LB, £120,000

323D181 Legsby Avenue, Grimsby, DN32 0LB - 9 months ago

Sold STC
HMO
ROI: 17%
~159 m²
+35 photos

ValuationUndervalued

Sold Prices£61K - £295K
Sold Prices/m²£598/m² - £2.8K/m²

 

 

Square Metres

~159.20 m²
Price/m²£754/m²

Value Estimate

£148,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Room Rate

£416

Gross Rent

£1,664

Running Costs/mo

£1,139

Cashflow/mo

£525

Cashflow/yr

£6,305

ROI

17%

Gross Yield

17%

Local Sold Prices

50 sold prices from £61K to £295K, average is £127.5K. £598/m² to £2.8K/m², average is £980/m².

PriceDateDistanceAddressBeds 
£141K05/230.03 mi188, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LB3
£159.5K05/210.03 mi196, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JR3
£149K02/230.05 mi179, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JP3
£97K12/200.08 mi7, Bratton Court, Grimsby, North East Lincolnshire DN32 0AR3
£85K01/230.08 mi13, Gertrude Street, Grimsby, North East Lincolnshire DN32 0JN3
£110K10/210.11 mi141, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LA3
£100K02/210.11 mi115, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LA3
£85K04/210.11 mi113, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LA3
£70K05/230.11 mi77, Highfield Avenue, Grimsby, North East Lincolnshire DN32 0JW3
£133.5K06/230.11 mi130, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JS3
£95K10/210.12 mi204, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LB3
£218.5K04/230.13 mi5, Portland Place, Grimsby, North East Lincolnshire DN32 0AB3
£182.5K07/230.13 mi7, Portland Place, Grimsby, North East Lincolnshire DN32 0AB3
£199.9K02/210.13 mi5, Portland Place, Grimsby, North East Lincolnshire DN32 0AB3
£162K03/210.13 mi7, Portland Place, Grimsby, North East Lincolnshire DN32 0AB3
£125K12/200.15 mi11, Weelsby Grove, Grimsby, North East Lincolnshire DN32 0AG3
£150K09/210.16 mi15, Dixon Avenue, Grimsby, North East Lincolnshire DN32 0AJ3
£210K08/230.16 mi37, Dixon Avenue, Grimsby, North East Lincolnshire DN32 0AJ3
£150K08/210.16 mi7, Dixon Avenue, Grimsby, North East Lincolnshire DN32 0AJ3
£155K06/210.16 mi4, Dixon Avenue, Grimsby, North East Lincolnshire DN32 0AJ3
£185K06/230.16 mi7, Dixon Avenue, Grimsby, North East Lincolnshire DN32 0AJ3
£197.5K06/210.17 mi12, Portland Avenue, Grimsby, North East Lincolnshire DN32 0AA3
£145K06/210.18 mi12, Weelsby Avenue, Grimsby, North East Lincolnshire DN32 0AQ3
£136K02/230.19 mi400, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9QR3
£95K04/210.2 mi41, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0NE3
£125K09/210.2 mi44, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JU3
£80K06/230.24 mi11, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3
£66K03/210.24 mi26, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3
£72K07/230.24 mi26, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3
£168K06/210.25 mi19, Mirfield Road, Grimsby, North East Lincolnshire DN32 0AW3
£130K04/210.26 mi1, Recto Avenue, Grimsby, North East Lincolnshire DN32 9RA3
£113K04/230.26 mi37, Algernon Street, Grimsby, North East Lincolnshire DN32 9QS3
£86.5K05/210.26 mi17, Algernon Street, Grimsby, North East Lincolnshire DN32 9QS3
£76.8K12/200.27 mi11, Torrington Street, Grimsby, North East Lincolnshire DN32 9QH3
£104K11/210.27 mi25, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£95K08/230.27 mi21, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£90K05/230.27 mi10, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£295K10/220.28 mi1b, Lansdowne Avenue, Grimsby, North East Lincolnshire DN32 0DF3
£115K11/200.28 mi87, Welholme Road, Grimsby, North East Lincolnshire DN32 0NL3
£61K04/210.3 mi49, Patrick Street, Grimsby, North East Lincolnshire DN32 9NT3
£140K10/200.3 mi4, Rudham Avenue, Grimsby, North East Lincolnshire DN32 0AX3
£145K12/200.3 mi17, Revigo Avenue, Grimsby, North East Lincolnshire DN32 9RB3
£167K03/210.3 mi51, Weelsby Avenue, Grimsby, North East Lincolnshire DN32 0AU3
£104K02/210.31 mi397, Heneage Road, Grimsby, North East Lincolnshire DN32 9NQ3
£190K12/220.31 mi55, Drew Avenue, Grimsby, North East Lincolnshire DN32 0AY3
£169.9K01/210.31 mi55, Drew Avenue, Grimsby, North East Lincolnshire DN32 0AY3
£136K02/230.31 mi397, Heneage Road, Grimsby, North East Lincolnshire DN32 9NQ3
£90K10/200.32 mi34, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0NN3
£83K09/210.34 mi326, Heneage Road, Grimsby, North East Lincolnshire DN32 9NJ3
£86K02/230.35 mi302, Heneage Road, Grimsby, North East Lincolnshire DN32 9NW3

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

0.64 miles away

Nearest school

0.20 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Price changed to £120,000

January 19, 2025

Price changed to £129,950

September 17, 2024

Listed for £149,000

July 1, 2024

Floor Plans

Description

  • "Attention All First Time Buyers" +
  • Good Schools Catchment Area +
  • Three Reception Rooms +
  • Gas Central Heating +
  • Ideal Property For HMO Conversion +
  • Downstairs W.C +
  • Can Be A Good Investment Property +
  • Prominent Grimsby Location +

An attractive & large, 3 Bedroom, mid-terrace home situated in an established residential position that is convenient for transport links, shops and amenities. Currently decorated to a high standard and ready to move into, potential buyers will be pleased with the size of accommodation on offer and the versatility that it affords.
This briefly comprises of: spacious entrance hallway, quirky lounge and separate diner, an extra reception room as well as a modern kitchen with a range of base and eye level units and downstairs W.C.
To the first floor there is a landing area that gives access to the 3 principal double bedrooms and a light grey decorated family bathroom with shower over bath.
Externally the property offers low maintenance rear garden enclosed to all sides. Finally there is the modern benefit of uPVC double glazing and gas central heating throughout.

Entrance Hallway -

Lounge - 3.6 x .35 (11'9" x .114'9") -

Reception Area - 4.0 x 2.5 (13'1" x 8'2") -

Dining Room - 4.9 x 2.8 (16'0" x 9'2") -

Kitchen - 5.1 x 2.8 (16'8" x 9'2") -

W.C -

Landing -

Bedroom 1 - 4.5 x 3.5 (14'9" x 11'5") -

Bedroom 2 - 4.1 x 2.8 (13'5" x 9'2") -

Bedroom 3 - 3.1 x 2.8 (10'2" x 9'2") -

Bathroom - 2.0 x 1.9 (6'6" x 6'2") -

Rear Garden -

Agent Details

Farrow Estate Agent Ltd, Grimsby

01472 907517

Next Steps?

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