3 Bed Terraced House, Refurb/BRRR, Grimsby, DN34 4AS, £97,000

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

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+13 photos

ValuationFair Value

Sold Prices£71K - £185K
Sold Prices/m²£864/m² - £2.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1K/m²

Value Estimate

£97,970

 

 

End Value (After Refurb)

£121,120

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,250

Stamp Duty & Legal Fees

£6,050

Refurb Costs

£37,686

Bridging Loan Interest

£2,546

Total Cash In

£72,282

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£121,120

Mortgage (After Refinance)

£90,840

Mortgage LTV

75%

Cash Released

£18,090

Cash Left In

£54,192

Equity

£30,280

Rent Range

£462 - £990

Rent Estimate

£638

Running Costs/mo

£526

Cashflow/mo

£112

Cashflow/yr

£1,343

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £71K to £185K, average is £116K. £864/m² to £2.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£105K01/230.03 mi7, Morton Road, Grimsby, North East Lincolnshire DN34 4AS3
£142.5K03/230.05 mi46, Marshall Avenue, Grimsby, North East Lincolnshire DN34 4AF3
£123.5K07/210.05 mi46, Marshall Avenue, Grimsby, North East Lincolnshire DN34 4AF3
£125K06/210.05 mi40, Marshall Avenue, Grimsby, North East Lincolnshire DN34 4AF3
£185K05/230.06 mi18, Marklew Avenue, Grimsby, North East Lincolnshire DN34 4AB3
£155K03/210.06 mi18, Marklew Avenue, Grimsby, North East Lincolnshire DN34 4AB3
£76K10/200.06 mi20, Wentworth Road, Grimsby, North East Lincolnshire DN34 4AR3
£100K07/210.06 mi23, Wentworth Road, Grimsby, North East Lincolnshire DN34 4AR3
£71K05/210.07 mi6, Sidney Road, Grimsby, North East Lincolnshire DN34 4AU3
£105K01/210.07 mi28, Norman Road, Grimsby, North East Lincolnshire DN34 4AT3
£95K06/210.07 mi26, Norman Road, Grimsby, North East Lincolnshire DN34 4AT3
£121K06/210.08 mi53, Marshall Avenue, Grimsby, North East Lincolnshire DN34 4AG3
£86K11/220.09 mi8, Sidney Road, Grimsby, North East Lincolnshire DN34 4AU3
£78K03/210.09 mi10, Sidney Road, Grimsby, North East Lincolnshire DN34 4AU3
£151K06/230.09 mi27, Wimborn Avenue, Grimsby, North East Lincolnshire DN34 4QS3
£123K04/230.09 mi21, Wimborn Avenue, Grimsby, North East Lincolnshire DN34 4QS3
£88K09/210.11 mi54, Fairfax Road, Grimsby, North East Lincolnshire DN34 4AP3
£127.5K02/230.11 mi9, Little John Street, Grimsby, North East Lincolnshire DN34 4AQ3
£150K12/200.11 mi27, Landeck Avenue, Grimsby, North East Lincolnshire DN34 4PR3
£135K02/210.11 mi8, Landeck Avenue, Grimsby, North East Lincolnshire DN34 4PR3
£95K12/200.12 mi15, Clifton Road, Grimsby, North East Lincolnshire DN34 4QW3
£90K11/200.12 mi57, Clifton Road, Grimsby, North East Lincolnshire DN34 4QW3
£94K06/210.12 mi17, Clifton Road, Grimsby, North East Lincolnshire DN34 4QW3
£142K11/220.13 mi56, Clifton Road, Grimsby, North East Lincolnshire DN34 4QN3
£139.9K11/210.13 mi27, Rosalind Avenue, Grimsby, North East Lincolnshire DN34 4PH3
£117K02/230.13 mi4, Clifton Road, Grimsby, North East Lincolnshire DN34 4QN3
£85K01/210.13 mi32, Clifton Road, Grimsby, North East Lincolnshire DN34 4QN3
£180K11/220.14 mi7, Marshall Avenue, Grimsby, North East Lincolnshire DN34 4AJ3
£135K09/220.14 mi54, Yarborough Road, Grimsby, North East Lincolnshire DN34 4DJ3
£100K05/210.14 mi18, Rosalind Avenue, Grimsby, North East Lincolnshire DN34 4PG3
£105K01/210.14 mi61, Yarborough Road, Grimsby, North East Lincolnshire DN34 4EG3
£120K12/220.14 mi16, Phyllis Avenue, Grimsby, North East Lincolnshire DN34 4PJ3
£115K08/210.16 mi131, Littlefield Lane, Grimsby, North East Lincolnshire DN34 4PN3
£103K06/230.16 mi109, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DL3
£95K06/210.16 mi109, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DL3
£85K01/210.17 mi6, Little Michael Street, Grimsby, North East Lincolnshire DN34 4AL3
£134.9K10/220.17 mi19, Little Michael Street, Grimsby, North East Lincolnshire DN34 4AL3
£175K05/220.17 mi196, Littlefield Lane, Grimsby, North East Lincolnshire DN34 4QU3
£118K08/210.18 mi49, Phyllis Avenue, Grimsby, North East Lincolnshire DN34 4PQ3
£111.5K12/200.18 mi34, Phyllis Avenue, Grimsby, North East Lincolnshire DN34 4PQ3
£127.5K07/210.18 mi35, Phyllis Avenue, Grimsby, North East Lincolnshire DN34 4PQ3
£119.5K06/210.18 mi41, Phyllis Avenue, Grimsby, Humberside DN34 4PQ3
£140K08/230.18 mi204, Littlefield Lane, Grimsby, North East Lincolnshire DN34 4QU3
£80K05/210.19 mi24, Wall Street, Grimsby, Humberside DN34 4BH3
£133K12/220.19 mi25, Salsbury Avenue, Grimsby, North East Lincolnshire DN34 4PX3
£132.5K10/220.2 mi37, Corinthian Avenue, Grimsby, North East Lincolnshire DN34 4QT3
£93K02/210.2 mi45, Corinthian Avenue, Grimsby, North East Lincolnshire DN34 4QT3
£92K03/210.2 mi9, Corinthian Avenue, Grimsby, North East Lincolnshire DN34 4QT3
£105K05/210.2 mi21, Corinthian Avenue, Grimsby, North East Lincolnshire DN34 4QT3
£97.5K05/230.2 mi22, Corinthian Avenue, Grimsby, North East Lincolnshire DN34 4QT3

Local Rents

51 rents from £462/mo to £990/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£64007/230.07 mi-3
£80004/250.17 mi-3
£80004/250.17 mi-3
£85010/240.17 mi-3
£57501/240.17 mi-3
£57501/240.17 mi-3
£67007/230.23 mi-3
£62511/240.24 mi-3
£62505/240.24 miSpring Bank, Grimsby, DN343
£55003/240.27 miLancaster Avenue, Grimsby3
£65003/240.27 miRoseveare Avenue, Grimsby3
£70003/250.27 mi-3
£69503/240.27 miAshtree Avenue, Grimsby3
£60004/240.28 mi-3
£63503/240.29 miTyler Avenue, Grimsby3
£65001/250.3 mi-3
£67504/240.31 miRoseveare Avenue, Grimsby, Lincolnshire, DN313
£85003/240.32 mi-3
£46212/230.32 mi-3
£69511/230.32 mi-3
£65003/240.33 miMacaulay Street, Grimsby, DN313
£68004/240.33 mi-3
£60005/240.33 mi-3
£62505/240.33 miSpring Bank, Grimsby3
£59007/230.33 mi-3
£79510/240.34 mi-3
£82503/240.35 miSilver Birch Place, Grimsby, DN343
£56303/240.36 mi-3
£56307/240.36 mi-3
£65012/240.38 mi-3
£62502/240.39 mi-3
£62502/240.39 mi-3
£62504/240.39 mi-3
£64508/240.41 mi-3
£99005/240.42 miMacaulay Park, Grimsby, DN313
£53503/240.43 miRipon Street, Grimsby, N E Lincolnshire, DN313
£60003/240.43 miLawrence Street, Grimsby3
£55004/240.45 miLord Street, Grimsby3
£56006/240.46 mi-3
£67507/230.48 mi-3
£48503/240.5 miHenry Street, Grimsby, DN31 2JB3
£59503/240.5 miJames Street, Grimsby, South Humberside, DN313
£52503/240.51 miHaycroft Street, Grimsby3
£56301/240.51 mi-3
£56304/240.51 mi-3
£60004/240.55 miCartergate, Grimsby, Lincolnshire, DN313
£70004/240.57 miToothill Gardens, Grimsby, North East Lincs, DN34 3
£72508/240.57 mi-3
£55003/240.57 miAnderson Street, Grimsby3
£61504/250.59 mi-3
£55004/240.62 miCorporation Road, Grimsby3

Local Area Statistics

Population in DN34

19,205

Population in Grimsby

124,581

Town centre distance

0.58 miles away

Nearest school

0.30 miles away

Nearest train station

0.68 miles away

 

 

Rental growth (12m)

-18%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Price changed to £97,000

January 2, 2025

Price changed to £103,000

September 11, 2024

Listed for £110,000

August 2, 2024

Floor Plans

Description

  • Three Bedroom Mid Terrace Property +
  • Popular & Convenient Grimsby Location +
  • Requiring Some General Modernisation +
  • Open Plan To The Ground Floor +
  • Good Sized Rear Garden +
  • No Forward Chain +
  • VIDEO VIEWING AVAILABLE +

A traditional three bedroom mid terrace property located in this established residential area of Grimsby. Ideally placed for local amenities on Cromwell Road and a short distance to the town centre. Requiring some general modernisation and improvements the accommodation includes; entrance hall, living room, kitchen, downstairs wc, and to the first floor are three bedrooms and a bathroom. Good sized garden to the rear with gated access. An ideal first time purchase/rental investment, offered for sale with no forward chain.

Entrance Hall - Front entrance to the property, with staircase to the first floor.

Kitchen - 4.90 x 3.48 (16'0" x 11'5") - KITCHEN
Comprising of fitted units, and wall mounted gas central heating boiler (new 2020). Rear aspect window.
Open access to:-

Living Room - 3.92 x 3.12 (12'10" x 10'2") - With a front aspect half bay window.

Rear Porch/Wc - 2.02 x 1.51 (6'7" x 4'11") - Rear entrance to the property, leading to the wc.

First Floor Landing - With access to the loft.

Bedroom 1 - 3.49 x 3.25 (11'5" x 10'7") - To rear aspect, with built-in wardrobes.

Bedroom 2 - 3.34 x 3.03 (10'11" x 9'11") - To front aspect, with built-in storage cupboards.

Bedroom 3 - 2.25 x 1.74 (7'4" x 5'8") - To front aspect.

Bathroom - 1.78 x 1.46 (5'10" x 4'9") - Fitted with a modern suite comprising a vanity sink unit, concealed cistern wc, and panelled bath with overhead shower. Wall boarding. Obscure glazed window.

Tenure - FREEHOLD

Council Tax - A

Agent Details

Argyle Estate Agents, Cleethorpes

01472 404597

Next Steps?

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