3 Bed Terraced House, Cash/Bridging Only, Grimsby, DN32 0NS, £60,000

Lambert Road, Grimsby, NE Lincolnshire, DN32 0NS - 8 months ago

Sold STC
Cash
ROI: 5%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£57K - £295K
Sold Prices/m²£574/m² - £1.6K/m²

 

 

Square Metres

~92.80 m²
Price/m²£647/m²

Value Estimate

£60,000

 

 

End Value (After Refurb)

£83,527

Uplift in Value

+39%

Investment Opportunity











Local Sold Prices

50 sold prices from £57K to £295K, average is £86.5K. £574/m² to £1.6K/m², average is £879/m².

PriceDateDistanceAddressBeds 
£62K02/210.04 mi130, Lambert Road, Grimsby, North East Lincolnshire DN32 0NS3
£75K03/230.05 mi326, Willingham Street, Grimsby, North East Lincolnshire DN32 9QD3
£100K03/230.09 mi90, Lambert Road, Grimsby, North East Lincolnshire DN32 0NR3
£57K05/210.11 mi47, Wintringham Road, Grimsby, North East Lincolnshire DN32 0PD3
£71K03/230.11 mi228, Willingham Street, Grimsby, North East Lincolnshire DN32 9PY3
£115K11/200.12 mi87, Welholme Road, Grimsby, North East Lincolnshire DN32 0NL3
£65K02/210.14 mi201, Willingham Street, Grimsby, North East Lincolnshire DN32 9PX3
£90K10/200.14 mi34, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0NN3
£80K06/230.16 mi11, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3
£66K03/210.16 mi26, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3
£72K07/230.16 mi26, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3
£61K11/200.16 mi4, Hare Street, Grimsby, North East Lincolnshire DN32 9LA3
£87K08/230.16 mi60, Hare Street, Grimsby, North East Lincolnshire DN32 9LA3
£125K09/210.17 mi44, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JU3
£156K11/200.18 mi60, Ainslie Street, Grimsby, North East Lincolnshire DN32 0LY3
£61.5K11/200.19 mi168, Welholme Road, Grimsby, North East Lincolnshire DN32 9LP3
£95K04/210.19 mi41, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0NE3
£87.5K01/210.23 mi12a, St Olafs Grove, Grimsby, North East Lincolnshire DN32 0HA3
£87.5K01/210.23 mi12a, St Olafs Grove, Grimsby, North East Lincolnshire DN32 0HA3
£105K05/230.25 mi131, Willingham Street, Grimsby, North East Lincolnshire DN32 9PT3
£61K04/210.25 mi49, Patrick Street, Grimsby, North East Lincolnshire DN32 9NT3
£133.5K06/230.25 mi130, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JS3
£127K05/210.27 mi60, Wellowgate, Grimsby, North East Lincolnshire DN32 0EY3
£110K10/210.28 mi141, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LA3
£100K02/210.28 mi115, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LA3
£85K04/210.28 mi113, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LA3
£80K04/230.29 mi222, Welholme Road, Grimsby, North East Lincolnshire DN32 9JB3
£104K11/210.3 mi25, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£95K08/230.3 mi21, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£90K05/230.3 mi10, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£137.5K01/230.31 mi299, Heneage Road, Grimsby, North East Lincolnshire DN32 9NW3
£86K02/230.31 mi302, Heneage Road, Grimsby, North East Lincolnshire DN32 9NW3
£295K09/220.32 mi21, Abbey Drive West, Grimsby, North East Lincolnshire DN32 0HH3
£110K06/230.32 mi90, Granville Street, Grimsby, North East Lincolnshire DN32 9NU3
£86K02/210.32 mi136, Granville Street, Grimsby, North East Lincolnshire DN32 9NU3
£100K10/210.32 mi114, Granville Street, Grimsby, North East Lincolnshire DN32 9NU3
£76.8K12/200.33 mi11, Torrington Street, Grimsby, North East Lincolnshire DN32 9QH3
£75K03/210.34 mi97, Patrick Street, Grimsby, North East Lincolnshire DN32 9PQ3
£85K01/230.34 mi13, Gertrude Street, Grimsby, North East Lincolnshire DN32 0JN3
£149K02/230.35 mi179, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JP3
£83K09/210.35 mi326, Heneage Road, Grimsby, North East Lincolnshire DN32 9NJ3
£73K09/210.35 mi317, Convamore Road, Grimsby, North East Lincolnshire DN32 9HY3
£58K09/220.35 mi87, Willingham Street, Grimsby, North East Lincolnshire DN32 9BS3
£159.5K05/210.35 mi196, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JR3
£94K01/230.36 mi92, Heneage Road, Grimsby, North East Lincolnshire DN32 9JJ3
£71K03/230.36 mi86, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9BT3
£82.8K02/230.36 mi131, Patrick Street, Grimsby, North East Lincolnshire DN32 9PQ3
£141K05/230.36 mi188, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LB3
£70K05/230.36 mi77, Highfield Avenue, Grimsby, North East Lincolnshire DN32 0JW3
£71K05/230.36 mi63, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9BX3













Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

0.65 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Price changed to £60,000

November 2, 2024

Listed for £70,000

July 31, 2024

Floor Plans

Description

  • Ready made investment for instant rental income +
  • Large mid terraced house +
  • Two reception rooms +
  • Galley kitchen and ground floor bathroom +
  • Three bedrooms and a loft room for extra storage +
  • EPC: E | Tenure: Freehold: | Council Tax: A +

Welcome to an investment opportunity on Lambert Road, offering a ready-made income stream with long-term tenants in place. This property presents a compelling investment for savvy investors
looking to expand their rental portfolio or enter the rental market.

Property Overview:

Location: Lambert Road, conveniently located near Grimsby Town Centre.
Property Type: Large mid-terrace residence.
Current Rental Income: £110 per week.
Tenancy: Long-term tenants who wish to remain due to proximity to family.
Layout:
Two reception rooms providing flexible living spaces.
Galley kitchen, optimizing space efficiency.
Ground floor bathroom for convenience.
Upstairs comprises two spacious double bedrooms and a small double bedroom.
Middle bedroom features a staircase leading to a loft room, offering potential for extra storage.
Outdoor Space: Includes both front and rear yards.
Amenities: Benefiting from easy access to Grimsby Town Centre and its amenities, including shopping, dining, and transport links such as the train station.
Education: Schools catering to all ages are within close proximity, enhancing the property's appeal to families.
Investment Appeal:
This property is tailor-made for investors seeking a hassle-free income stream. With reliable, long-term tenants already in place and expressing a desire to stay, the investment offers immediate rental income. The location ensures ongoing demand from tenants seeking convenient access to amenities and transportation, further solidifying its investment potential.

Why Invest:

Turnkey Investment: Acquire a property with tenants already providing rental income from day one.
Stable Cash Flow: Benefit from a predictable rental income with established tenants.
Potential for Growth: Opportunity to enhance rental yields with potential loft room utilization or future rental market growth in the area.
Convenient Location: Prime location with easy access to essential services and transportation hubs.
Investment Criteria:
This opportunity is exclusively available to investors aiming to start or expand their rental property portfolio. If you are looking for a secure investment with immediate returns and growth potential, Lambert Road presents an ideal choice.

Schedule Your Viewing:
To explore this investment opportunity further and secure your place in Grimsby's rental market, contact us today to arrange a viewing. Don't miss out on this ready-made investment that promises both stability and growth in rental income.
Property has no designated parking it only has on street parking .

Agent Details

DDM Residential, Grimsby

01472 404591

Next Steps?

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

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