4 Bed HMO, Grimsby, DN32 9LP, £140,000

423D192 Welholme Road, Grimsby, DN32 9LP - 24 views - 7 months ago

HMO
ROI: 13%
123 m²
+17 photos

ValuationUndervalued

Sold Prices£76K - £467.5K
Sold Prices/m²£731/m² - £2.5K/m²

 

 

Square Metres

122.78 m²
Price/m²£1.1K/m²

Value Estimate

£158,881
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,670

Total Cash In

£40,670

 

 

Cash Out

 

Room Rate

£429

Gross Rent

£1,716

Running Costs/mo

£1,219

Cashflow/mo

£497

Cashflow/yr

£5,967

ROI

15%

Gross Yield

15%

Local Sold Prices

50 sold prices from £76K to £467.5K, average is £212.5K. £731/m² to £2.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£90K11/200.07 mi26, Granville Street, Grimsby, North East Lincolnshire DN32 9NS4
£104K04/210.14 mi282, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LS4
£157K09/210.14 mi290, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LS4
£97K02/210.17 mi185, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LD4
£115K12/200.2 mi334, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LX4
£98K12/200.23 mi127, Welholme Road, Grimsby, Humberside DN32 0NQ4
£91K11/210.29 mi106, Heneage Road, Grimsby, North East Lincolnshire DN32 9JQ4
£115K02/230.31 mi77, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9EQ4
£117K09/210.32 mi52, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0NE4
£135K06/210.37 mi163, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JP4
£180K04/210.37 mi129, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RZ4
£76K02/210.38 mi23, Durban Road, Grimsby, North East Lincolnshire DN32 8BD4
£93K05/230.38 mi37, Ainslie Street, Grimsby, North East Lincolnshire DN32 0LY4
£215K10/210.39 mi97, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PX4
£215K10/210.39 mi97, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PX4
£170K12/200.4 mi148, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RR4
£104K11/200.41 mi184, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LB4
£270K02/230.42 mi161, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RX4
£178K03/210.42 mi31, St Augustine Avenue, Grimsby, North East Lincolnshire DN32 0LD4
£220K04/210.43 mi10, Brunel Close, Grimsby, North East Lincolnshire DN32 9FE4
£270K04/230.43 mi10, Brunel Close, Grimsby, North East Lincolnshire DN32 9FE4
£110K11/200.44 mi451, Weelsby Street, Grimsby, North East Lincolnshire DN32 8BE4
£219K04/210.45 mi2, Haigh Court, Grimsby, North East Lincolnshire DN32 9FD4
£290K10/220.46 mi77, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PY4
£250K03/210.46 mi14, Lambert Road, Grimsby, North East Lincolnshire DN32 0HT4
£225K06/210.46 mi18, Lambert Road, Grimsby, North East Lincolnshire DN32 0HT4
£269.9K05/230.47 mi1, Lea Drive, Grimsby, North East Lincolnshire DN32 9FB4
£305K06/210.5 mi86, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PS4
£135K12/200.51 mi9, Abbey Drive East, Grimsby, North East Lincolnshire DN32 0HD4
£235K07/210.51 mi57, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PZ4
£345K09/230.57 mi22, Portland Avenue, Grimsby, North East Lincolnshire DN32 0AA4
£406.2K05/230.6 mi17, Park Drive, Grimsby, North East Lincolnshire DN32 0EF4
£85K11/210.6 mi246, Stanley Street, Grimsby, North East Lincolnshire DN32 8BS4
£149K09/210.6 mi19, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£157.5K07/210.6 mi23, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£178K06/230.6 mi5, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£209.9K07/230.62 mi14, Welholme Road, Grimsby, North East Lincolnshire DN32 0DU4
£142K12/220.63 mi4, Silvergarth, Grimsby, North East Lincolnshire DN32 8QR4
£405K05/210.64 mi51, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£467.5K07/220.64 mi45, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£425K08/230.64 mi53, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£250K08/230.65 mi4, Goldgarth, Grimsby, North East Lincolnshire DN32 8QS4
£265K11/200.65 mi60, Park Avenue, Grimsby, North East Lincolnshire DN32 0DQ4
£422K12/220.65 mi8, Bargate Avenue, Grimsby, North East Lincolnshire DN32 0ED4
£350K10/200.66 mi101, Abbey Road, Grimsby, North East Lincolnshire DN32 0HN4
£100K04/230.66 mi167, Roberts Street, Grimsby, North East Lincolnshire DN32 8BU4
£250K09/210.67 mi85, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PL4
£388.5K06/220.67 mi6, Cumberland Avenue, Grimsby, North East Lincolnshire DN32 0BT4
£260K12/200.67 mi27, Cumberland Avenue, Grimsby, North East Lincolnshire DN32 0BT4
£236.5K05/210.67 mi36, Cumberland Avenue, Grimsby, North East Lincolnshire DN32 0BT4

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

0.85 miles away

Nearest school

0.10 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Price changed to £140,000

November 8, 2024

Listed for £149,000

August 19, 2024

Sold for £110,000

2006

Sold for £18,000

2004

Sold for £34,000

1998

Floor Plans

Description

  • Ideal Property For HMO Conversion +
  • Great Investment Opportunity +
  • Four Good Sized Bedrooms +
  • Off Road Parking At Rear Of Property +
  • 3 Reception Rooms +
  • Good Schools Catchment Area +
  • 2 Bathrooms +
  • Short Walk To Amenities +

Presenting this well looked after four bedroom family home situated within close proximity to Welholme Academy and Grimsby town centre. Offering space and convenience every buyer would look for, the ground floor has an inviting entrance hall leading to there large reception rooms, 2 of which are designed with feature bay windows, downstairs W.C and fitted kitchen with array of units. The kitchen has ample storage and space for appliances.
The first floor has a generous landing area designed to serve four good sized bedrooms as well as a large family bathroom.
Externally, there is a secured front garden as well as an enclosed rear garden which is easy to maintain and surrounded by 6ft fencing. There is also off road parking at the rear of the property.
The property is conveniently located near local amenities and transport links, and offers a great opportunity for those seeking a comfortable home in a desirable area.
Alternatively, the property could be of interest to an investor looking to convert into a HMO accommodation.

Entrance Hallway -

Living Room - 3.73m x 3.28m (12'3 x 10'9) -

2nd Reception Room - 3.53m x 2.64m (11'7 x 8'8) -

Dining Room - 4.24m x 2.62m (13'11 x 8'7) -

Kitchen - 3.48m x 2.64m (11'5 x 8'8) -

Landing -

Bedroom 1 - 4.34m x 3.71m (14'3 x 12'2) -

Bedroom 2 - 4.29m x 2.69m (14'1 x 8'10) -

Bedroom 3 - 2.74m x 1.85m (9'0 x 6'1) -

Bedroom 4 - 2.67m x 2.44m (8'9 x 8'0) -

Bathroom - 1.93m x 1.80m (6'4 x 5'11) -

Agent Details

Farrow Estate Agent Ltd, Grimsby

01472 907517

Next Steps?

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