3 Bed Terraced House, Single Let, Grimsby, DN33 1HS, £78,000

72 Winchester Avenue, Grimsby, DN33 1HS - 8 months ago

BTL
ROI: 14%
84 m²
+15 photos

ValuationUndervalued

Sold Prices£65K - £220K
Sold Prices/m²£764/m² - £2.3K/m²

 

 

Square Metres

84 m²
Price/m²£929/m²

Value Estimate

£95,160
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£24,600

 

 

Cash Out

 

Rent Range

£525 - £925

Rent Estimate

£677

Running Costs/mo

£399

Cashflow/mo

£278

Cashflow/yr

£3,334

ROI

14%

Gross Yield

10%

Local Sold Prices

50 sold prices from £65K to £220K, average is £121K. £764/m² to £2.3K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£123K01/230.05 mi111, Winchester Avenue, Grimsby, North East Lincolnshire DN33 1HN3
£125K08/230.08 mi37, Withern Road, Grimsby, North East Lincolnshire DN33 1JE3
£89K06/210.1 mi6, Marton Grove, Grimsby, North East Lincolnshire DN33 1JF3
£125K06/210.12 mi78, Stainton Drive, Grimsby, North East Lincolnshire DN33 1EF3
£122.3K04/230.15 mi16, Stainton Drive, Grimsby, North East Lincolnshire DN33 1EG3
£65K12/200.15 mi63, Winchester Avenue, Grimsby, North East Lincolnshire DN33 1EL3
£88K11/230.15 mi10, Langton Close, Grimsby, North East Lincolnshire DN33 1HG3
£110K09/210.16 mi27, Malvern Avenue, Grimsby, North East Lincolnshire DN33 1EQ3
£85K06/210.18 mi114, Stainton Drive, Grimsby, North East Lincolnshire DN33 1JB3
£120K07/210.18 mi126, Stainton Drive, Grimsby, North East Lincolnshire DN33 1JB3
£75K12/200.19 mi15, Dale View, Grimsby, North East Lincolnshire DN33 1RE3
£80K05/210.19 mi52, Pinewood Crescent, Grimsby, North East Lincolnshire DN33 1RB3
£72K07/230.19 mi18, Wymark View, Grimsby, North East Lincolnshire DN33 1RF3
£66.5K10/200.2 mi11, Alder View, Grimsby, North East Lincolnshire DN33 1RH3
£77K12/220.2 mi39, Alder View, Grimsby, North East Lincolnshire DN33 1RH3
£100K10/200.22 mi2, Warwick Avenue, Grimsby, North East Lincolnshire DN33 1EJ3
£100K02/230.23 mi133, Crosby Road, Grimsby, North East Lincolnshire DN33 1LY3
£85K05/210.23 mi3, Stratford Avenue, Grimsby, North East Lincolnshire DN33 1EN3
£140K12/200.27 mi36, Pennistone Place, Scartho Top, Grimsby, North East Lincolnshire DN33 3SS3
£143K05/210.28 mi245, Laceby Road, Grimsby, North East Lincolnshire DN34 5DU3
£125K08/210.28 mi239, Laceby Road, Grimsby, North East Lincolnshire DN34 5DU3
£219.9K08/230.29 mi15, Sheldon Road, Scartho Top, Grimsby, North East Lincolnshire DN33 3GA3
£130K03/230.29 mi48, Barry Avenue, Grimsby, North East Lincolnshire DN34 5LS3
£118K02/210.29 mi40, Barry Avenue, Grimsby, North East Lincolnshire DN34 5LS3
£150K03/210.29 mi14, Barry Avenue, Grimsby, North East Lincolnshire DN34 5LS3
£155K03/210.29 mi24, Barry Avenue, Grimsby, Humberside DN34 5LS3
£149K09/210.32 mi231, Laceby Road, Grimsby, Humberside DN34 5DT3
£95K04/210.32 mi216, Winchester Avenue, Grimsby, North East Lincolnshire DN33 1PT3
£116K09/200.33 mi33, Buckingham Grove, Scartho Top, Grimsby, North East Lincolnshire DN33 3RR3
£172K11/220.35 mi364, Laceby Road, Grimsby, North East Lincolnshire DN34 5LU3
£165K01/210.37 mi186, Laceby Road, Grimsby, North East Lincolnshire DN34 5DP3
£179.9K05/210.37 mi200, Laceby Road, Grimsby, North East Lincolnshire DN34 5DP3
£165K01/230.37 mi216, Laceby Road, Grimsby, North East Lincolnshire DN34 5DP3
£134K11/210.37 mi23, Belgrave Road, Scartho Top, Grimsby, North East Lincolnshire DN33 3RS3
£140K02/230.37 mi28, Belgrave Road, Scartho Top, Grimsby, North East Lincolnshire DN33 3RS3
£120K08/230.37 mi34, Belgrave Road, Scartho Top, Grimsby, North East Lincolnshire DN33 3RS3
£159K12/200.38 mi14, Norwich Avenue, Grimsby, North East Lincolnshire DN34 5ET3
£102K07/210.39 mi16, Worcester Avenue, Grimsby, North East Lincolnshire DN34 5HB3
£147.5K03/230.39 mi27, Western Outway, Grimsby, North East Lincolnshire DN34 5EX3
£126K08/210.39 mi35, Western Outway, Grimsby, North East Lincolnshire DN34 5EX3
£165K12/220.4 mi1, Tattershall Avenue, Grimsby, North East Lincolnshire DN34 5JL3
£122K12/200.42 mi8, Bloomsbury Gardens, Grimsby, North East Lincolnshire DN33 3RU3
£87K10/200.42 mi5, Castleford Avenue, Grimsby, North East Lincolnshire DN34 5HP3
£117K11/210.42 mi27, Eastern Inway, Grimsby, North East Lincolnshire DN34 5HH3
£102K10/200.42 mi22, Eastern Inway, Grimsby, North East Lincolnshire DN34 5HH3
£103K05/210.43 mi75, Carnforth Crescent, Grimsby, North East Lincolnshire DN34 5JB3
£112.5K05/210.44 mi11, Utgard Way, Grimsby, North East Lincolnshire DN33 3RL3
£220K05/230.44 mi233, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5BX3
£95K02/230.44 mi195, Milton Road, Grimsby, North East Lincolnshire DN33 1DN3
£135K03/230.44 mi384, Laceby Road, Grimsby, North East Lincolnshire DN34 5LX3

Local Rents

16 rents from £525/mo to £925/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£65011/230.04 mi-3
£67502/250.04 mi-3
£60012/230.06 mi-3
£69502/250.06 mi-3
£69503/240.07 mi-3
£89503/240.14 miStainton Drive, Grimsby, Lincolnshire, DN333
£85003/240.27 miEsther Way, Scartho Top3
£92502/250.34 mi-3
£75003/240.37 miBelgrave Road, Scartho, Grimsby, DN333
£65003/240.41 mi-3
£62505/240.42 miC3
£92511/240.42 mi-3
£55003/240.51 miSecond Avenue, Grimsby3
£82503/240.52 miGill Court, Scartho Top, Grimsby, DN333
£52503/240.53 miSecond Avenue, Grimsby3
£75008/240.56 mi-3

Local Area Statistics

Population in DN33

19,406

Population in Grimsby

124,581

Town centre distance

1.01 miles away

Nearest school

0.20 miles away

Nearest train station

1.54 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £78,000

January 23, 2025

Listed for £80,000

July 10, 2024

Floor Plans

Description

  • VIDEO VIEWING AVAILABLE +
  • Pleasant 3-bedroom terraced house, ideal home and investment. +
  • Currently let on an Assured Shorthold Tenancy (AST) agreement. +
  • Tenant pays £625 every 4 weeks, totaling £8,125 annually. +
  • Long-term tenant desires to remain, ensuring stable income. +
  • Located in an established area with excellent transport links. +
  • Close to local amenities, providing convenience for residents. +
  • Reliable rental income opportunity; contact us for a viewing. +

This pleasant 3-bedroom terraced house is not only a delightful home but also an excellent investment opportunity. Currently, the property is let on an Assured Shorthold Tenancy (AST) agreement, with the tenant paying £625 every 4 weeks, resulting in an annual income of £8,125. The tenant has been in occupation for many years and wishes to remain, providing a stable income stream for the new owner. Situated in an established location with great transport links and access to local amenities, this property offers both a comfortable living space and a lucrative investment option. Don't miss out on the chance to own this desirable property that provides a reliable rental income. Contact us today to arrange a viewing and secure this fantastic opportunity.

Agent Details

Jackson Green and Preston, Grimsby

01472 404357

Next Steps?

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