4 Bed Bungalow, Refurb/BRRR, Grimsby, DN36 5ED, £224,999

411 Mount Pleasant, Holton-le-Clay, UK - 4 views - 8 months ago

Refurb/BRRR
~129 m²
+6 photos

ValuationFair Value

Sold Prices£152.5K - £795K
Sold Prices/m²£1.5K/m² - £3.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.7K/m²

Value Estimate

£224,999

 

 

End Value (After Refurb)

£291,812

Uplift in Value

+30%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£52,271

Bridging Loan Interest

£5,906

Total Cash In

£124,127

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£291,812

Mortgage (After Refinance)

£218,859

Mortgage LTV

75%

Cash Released

£50,110

Cash Left In

£74,017

Equity

£72,953

Rent Range

£550 - £2,500

Rent Estimate

£1,044

Running Costs/mo

£1,141

Cashflow/mo

£-97

Cashflow/yr

£-1,161

Gross Yield

6%

Local Sold Prices

50 sold prices from £152.5K to £795K, average is £275K. £1.5K/m² to £3.9K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£269.9K04/230.19 mi1, Fenwick Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5DG4
£294K06/230.19 mi11, Fenwick Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5DG4
£270K09/230.22 mi101, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YF4
£245K11/230.22 mi56, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YE4
£284K04/210.22 mi84, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YE4
£250K08/230.26 mi3, Osbourne Drive, Holton Le Clay, Grimsby, Lincolnshire DN36 5DP4
£249K03/210.27 mi9, Eastfield Rise, Holton Le Clay, Grimsby, Lincolnshire DN36 5AJ4
£343K11/200.32 mi11, Tetney Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5AP4
£180K08/210.34 mi11, Riby Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5BT4
£400K12/220.48 mi23, Cambrian Way, Holton Le Clay, Grimsby, Lincolnshire DN36 5DE4
£215K08/210.54 mi8, Whisby Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5BG4
£295K12/220.54 mi181, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5AE4
£290K08/210.55 mi42, Edinburgh Drive, Holton Le Clay, Grimsby, Lincolnshire DN36 5DF4
£152.5K12/220.56 mi4, Evendine Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5BB4
£327K09/210.63 mi81, Tetney Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5AU4
£405K08/230.63 mi200, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5AF4
£202K04/210.73 mi1, Spitfire Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5FP4
£373K08/210.97 miHawthorne House, Cheapside, Waltham, Grimsby, North East Lincolnshire DN37 0HX4
£335K11/221.25 mi44, Station Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QT4
£530K03/211.32 mi3, The Drive, Waltham, Grimsby, North East Lincolnshire DN37 0FB4
£795K06/231.32 mi28, Ings Lane, Waltham, Grimsby, North East Lincolnshire DN37 0HB4
£417.5K11/201.38 mi49, Ings Lane, Waltham, Grimsby, North East Lincolnshire DN37 0EY4
£250K10/211.47 mi2, Cardiff Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QD4
£435K05/211.48 mi1, Simpsons Fold Court, New Waltham, Grimsby, North East Lincolnshire DN36 4NY4
£280K11/221.49 mi19, Cardiff Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QD4
£317.5K04/231.5 mi20, Conisborough Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4PZ4
£275K03/211.51 mi2, Dursley Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QA4
£400K02/231.57 miTintagel Cottage, Holton Road, Tetney, Grimsby, Lincolnshire DN36 5LR4
£220K01/231.58 mi42, Greenlands Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4YE4
£610K09/231.59 mi31b, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4SW4
£525K06/211.63 mi3, Abbotts Grange, Humberston, Grimsby, North East Lincolnshire DN36 4TD4
£280K06/211.63 mi14, Garrick Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4WD4
£265K11/211.64 mi18, Inghams Road, Tetney, Grimsby, Lincolnshire DN36 5LW4
£245K11/201.64 mi18, Inghams Road, Tetney, Grimsby, Lincolnshire DN36 5LW4
£190K02/211.64 mi12, Mill View, Waltham, Grimsby, North East Lincolnshire DN37 0HJ4
£245K09/231.64 mi20, Mill View, Waltham, Grimsby, North East Lincolnshire DN37 0HJ4
£275K09/211.65 mi6, Martin Way, New Waltham, Grimsby, North East Lincolnshire DN36 4WN4
£200K04/211.65 mi2, Martin Way, New Waltham, Grimsby, North East Lincolnshire DN36 4WN4
£265K02/231.67 mi30, Church Lane, Waltham, Grimsby, North East Lincolnshire DN37 0ES4
£238.8K03/211.68 mi34, Tintagel Way, New Waltham, Grimsby, North East Lincolnshire DN36 4GT4
£271K11/201.69 mi1, Albery Way, New Waltham, Grimsby, North East Lincolnshire DN36 4WF4
£265K06/211.69 mi11, Albery Way, New Waltham, Grimsby, North East Lincolnshire DN36 4WF4
£240K08/211.72 mi8, Mellor Way, New Waltham, Grimsby, North East Lincolnshire DN36 4GW4
£195K06/211.73 mi14, Peterson Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4LF4
£196K08/211.73 mi66, Danesfield Avenue, Waltham, Grimsby, North East Lincolnshire DN37 0QB4
£337.5K12/221.76 mi12, St Clements Way, New Waltham, Grimsby, North East Lincolnshire DN36 4GU4
£300K12/201.77 mi6, Huntsmans Chase, New Waltham, Grimsby, North East Lincolnshire DN36 4WS4
£275K08/211.8 mi8, Tamar Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4YU4
£315K03/211.81 mi48, Brigsley Road, Waltham, Grimsby, North East Lincolnshire DN37 0JY4
£380K08/231.82 mi137, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4ST4

Local Rents

50 rents from £550/mo to £2.5K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£55505/240.11 mi-2
£59504/240.11 miBeverley Close, Holton-Le-Clay, Grimsby, DN362
£55011/230.11 mi-2
£1,60004/240.13 miLouth Road, Holton-le-Clay, Grimsby, Lincolnshire, DN365
£87504/240.19 miCampions Close, Holton-le-Clay, Grimsby, Lincolnshire, DN362
£92505/240.27 miChurch Close, Holton Le Clay, DN363
£85003/240.41 miNewstead Avenue, Holton Le Clay, Grimsby3
£85004/240.41 miNewstead Avenue, Holton Le Clay, Grimsby3
£72510/230.47 mi-3
£2,40003/241.3 miThe Maples, Humberston, DN364
£82502/241.32 mi-3
£89503/251.32 mi-3
£99504/241.34 miWellington Avenue, New Waltham3
£88504/241.36 miStation Avenue, New Waltham, Lincolnshire, DN363
£1,00008/241.38 mi-3
£92503/241.4 miGreen Lane, Humberston, GRIMSBY3
£67509/241.45 mi-2
£75003/241.48 miHolton Road, Tetney, DN36 5LN2
£1,20003/241.5 miParklands Avenue, Humberston 4
£99503/241.51 miAldwych Croft, New Waltham4
£1,25003/241.57 miKemeshame Court, Waltham, Grimsby, DN373
£1,08301/251.57 mi-5
£89503/241.58 miParklands Avenue, Humberston, Grimsby, Lincolnshire, DN363
£80008/231.59 mi-1
£92503/241.59 miHedges Drive, Humberston, Grimsby, DN363
£92503/241.6 miBecklands Avenue, New Waltham, Grimsby3
£1,40004/241.63 miGarrick Lane, New Waltham, DN365
£1,20003/241.67 miBygott Walk, New Waltham, Grimsby, DN364
£89503/241.7 miHarvey Walk, New Waltham, DN363
£89504/241.7 mi-3
£70007/231.71 mi-2
£71509/241.71 mi-2
£99503/241.72 miPeterson Drive, New Waltham4
£67003/241.73 miColonsay Court, New Waltham, N E Lincolnshire, DN362
£89505/241.73 miPeterson Drive, Grimsby, DN363
£87508/241.73 mi-3
£60003/241.75 miGrimsby Road, Waltham, Grimsby, Lincolnshire, DN371
£67003/241.76 miSt Clements Way, New Waltham, Grimsby, DN362
£65004/241.76 miSt Clements Way, New Waltham, Grimsby, North East Lincolnshire, DN362
£1,20004/241.8 miHumberston Road, Tetney, Grimsby1
£89509/231.8 mi-3
£1,20004/241.82 miTown Road, Tetney4
£75003/241.85 miAmethyst Court, New Waltham, Grimsby, Lincolnshire, DN362
£75004/251.85 mi-2
£87510/231.91 mi-3
£79508/231.96 mi-3
£92503/241.96 miAlder Avenue, Humberston, Grimsby, Lincolnshire, DN363
£2,50003/241.98 miThoresby Road, Tetney, DN365
£89510/241.99 mi-2
£2,30004/242.01 miThe Barn, Thoresby Road, Tetney6

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

3.98 miles away

Nearest school

0.30 miles away

Nearest train station

4.33 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £224,999

August 8, 2024

Sold for £146,000

2003

Floor Plans

Description

  • Generous plot 0.18 acre sts +
  • Four bedrooms +
  • Bathroom & en-suite bath to bedroom 1 +
  • Spacious open plan kitchen & Family room +
  • Off-road parking & garage +
  • uPVC double glazing & gas central heating +

Presenting a unique opportunity to purchase a detached bungalow, nestled on a generous 0.18 acre plot (sts) in the sought-after village of Holton le Clay. This property is for sale and, given its need for some renovation, it presents an exciting prospect for those looking to tailor a home to their tastes. The property is configured with a well-sized, reception room, open plan kitchen, four bedrooms, and a bathroom. Each of these spaces affords the potential for transformation into a stylish and well-appointed home. A stand-out feature of the home is the spacious family lounge, which is open to the kitchen. It features an open fire, creating a cosy focal point for those family gatherings or quiet evenings in. The room also benefits from a sliding door that leads directly to the private garden, perfectly bridging the gap between indoor and outdoor living. The kitchen is spacious and has been designed with high gloss units. It is equipped with plumbing for both a dishwasher and a washing machine, and has space for a large oven and a dryer. The kitchen's open plan layout to the family room is perfect for modern living and entertaining. The property boasts four bedrooms, three of which are double-sized. The first bedroom is a generous double room with built-in wardrobes, offering ample storage space. It also has a unique feature of a door leading to the garden, and a separate bath within the closet/dressing room. The second and third bedrooms are also double rooms, whilst the fourth is a spacious single room, offering flexibility in use. The bathroom is equipped with a shower, a WC, and a sink with vanity, offering all the essentials. The property benefits from a host of unique features, including a large driveway, a garage, and a private garden. It also has uPVC double glazing and gas central heating installed, enhancing comfort and efficiency. The location is ideal for families and retirees alike, with excellent public transport links, nearby schools, and local amenities. Furthermore, the property is part of a strong local community, reinforcing the sense of belonging and making it a desirable place to live. In conclusion, this bungalow, with its generous plot, ample living space, and potential for transformation, is a fantastic opportunity for those looking to create their dream home in a delightful village setting. EPC rating: D. Tenure: Freehold,

Agent Details

Lovelle, Grimsby

01472 404571

Next Steps?

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