3 Bed Terraced House, Refurb/BRRR, Cleethorpes, DN35 7NN, £88,000

62 St Peters Avenue, Cleethorpes, DN35 8HP - 7 months ago

Refurb/BRRR
ROI: 5%
~99 m²
+6 photos

ValuationOvervalued

Sold Prices£40K - £145K
Sold Prices/m²£537/m² - £1.8K/m²

 

 

Square Metres

~99.30 m²
Price/m²£886/m²

Value Estimate

£82,216

 

 

End Value (After Refurb)

£87,618

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,000

Stamp Duty & Legal Fees

£5,600

Refurb Costs

£40,111

Bridging Loan Interest

£2,310

Total Cash In

£71,771

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£87,618

Mortgage (After Refinance)

£65,713

Mortgage LTV

75%

Cash Left In

£71,771

Equity

£21,904

Rent Range

£495 - £2,384

Rent Estimate

£726

Running Costs/mo

£439

Cashflow/mo

£287

Cashflow/yr

£3,444

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £40K to £145K, average is £80K. £537/m² to £1.8K/m², average is £863/m².

PriceDateDistanceAddressBeds 
£80K11/200.01 mi85, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NN3
£80K06/230.01 mi85, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NN3
£80K10/210.03 mi134, Barcroft Street, Cleethorpes, North East Lincolnshire DN35 7DT3
£67K10/210.03 mi130, Barcroft Street, Cleethorpes, North East Lincolnshire DN35 7DT3
£92K09/230.03 mi136, Barcroft Street, Cleethorpes, North East Lincolnshire DN35 7DT3
£63K05/230.08 mi55, Sidney Street, Cleethorpes, North East Lincolnshire DN35 7NQ3
£40K12/200.08 mi50, Sidney Street, Cleethorpes, North East Lincolnshire DN35 7NQ3
£85K05/230.09 mi97, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RN3
£85K08/210.09 mi87, Lovett Street, Cleethorpes, North East Lincolnshire DN35 7EB3
£70K01/230.1 mi49, Sussex Street, Cleethorpes, North East Lincolnshire DN35 7NW3
£52K05/210.1 mi18, Sussex Street, Cleethorpes, North East Lincolnshire DN35 7NP3
£100K09/230.1 mi113, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RL3
£120K01/230.1 mi41, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RP3
£105K06/230.1 mi57, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RP3
£110K12/210.1 mi75, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RP3
£92.5K08/230.11 mi60, Grimsby Road, Cleethorpes, North East Lincolnshire DN35 7AB3
£80K02/230.12 mi86, Tiverton Street, Cleethorpes, North East Lincolnshire DN35 7EE3
£72.5K09/230.14 mi55, Clerke Street, Cleethorpes, North East Lincolnshire DN35 7NE3
£96K12/210.14 mi149, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NT3
£92.5K12/210.14 mi54, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7BA3
£84.5K12/200.14 mi12, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7BA3
£85K11/200.14 mi42, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7BA3
£77K03/210.15 mi56, Phelps Street, Cleethorpes, North East Lincolnshire DN35 7AS3
£51K02/210.15 mi18, Phelps Street, Cleethorpes, North East Lincolnshire DN35 7AS3
£81K02/210.15 mi72, Lovett Street, Cleethorpes, North East Lincolnshire DN35 7BH3
£77K05/210.15 mi23, Montague Street, Cleethorpes, North East Lincolnshire DN35 7AP3
£88K01/210.16 mi144, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NU3
£100K12/220.16 mi160, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NU3
£65K11/200.18 mi107, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7RH3
£108K12/220.18 mi101, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7RH3
£75K04/210.18 mi11, Johnson Street, Cleethorpes, North East Lincolnshire DN35 7NA3
£75K04/210.18 mi11, Johnson Street, Cleethorpes, North East Lincolnshire DN35 7NA3
£80K05/230.19 mi54, Tiverton Street, Cleethorpes, North East Lincolnshire DN35 7PR3
£60K01/230.21 mi45, Mansel Street, Grimsby, North East Lincolnshire DN32 7QX3
£45K08/210.21 mi64, Mansel Street, Grimsby, North East Lincolnshire DN32 7QX3
£80K12/220.22 mi16, Harrington Street, Cleethorpes, North East Lincolnshire DN35 7AY3
£80K08/230.22 mi128, Park Street, Grimsby, North East Lincolnshire DN32 7NT3
£77K02/230.22 mi65, Hart Street, Cleethorpes, North East Lincolnshire DN35 7RQ3
£88K07/210.23 mi78, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7PT3
£93K02/230.24 mi12, Imperial Avenue, Cleethorpes, North East Lincolnshire DN35 7EQ3
£78K11/220.24 mi175, Hildyard Street, Grimsby, North East Lincolnshire DN32 7LX3
£81K09/230.25 mi60, Combe Street, Cleethorpes, North East Lincolnshire DN35 7RF3
£73K12/200.25 mi67, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7PU3
£90K07/210.25 mi59, Blundell Avenue, Cleethorpes, Humberside DN35 7PU3
£66K07/230.25 mi61, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7PU3
£88K12/200.25 mi4, Jenner Court, Cleethorpes, North East Lincolnshire DN35 7PH3
£145K05/230.25 mi5, Colson Place, Cleethorpes, North East Lincolnshire DN35 7SR3
£112K02/210.25 mi2, Colson Place, Cleethorpes, Humberside DN35 7SR3
£85K10/210.27 mi9, Combe Street, Cleethorpes, North East Lincolnshire DN35 7RE3
£64K09/230.27 mi39, Combe Street, Cleethorpes, North East Lincolnshire DN35 7RE3

Local Rents

50 rents from £495/mo to £2.4K/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£74003/250.04 mi-3
£51503/240.04 miBarcroft Street, Cleethorpes3
£59503/240.05 miBarcroft Street, Cleethorpes, Lincolnshire, DN353
£60003/250.08 mi-3
£49503/240.09 miSidney Street, Cleethorpes, DN35 7NQ3
£62502/240.09 mi-3
£55001/240.1 mi-3
£69503/250.1 mi-3
£57505/240.11 miBarcroft Street, Cleethorpes3
£1,50004/240.12 mi-3
£62503/240.13 mi168 Barcroft Street, Cleethorpes3
£62503/240.13 mi168 Barcroft Street, Cleethorpes3
£56503/240.14 miDaubney Street, Cleethorpes3
£54003/240.14 miClerke Street, Cleethorpes3
£69503/240.14 miDaubney Street3
£62502/250.15 mi-3
£57503/240.15 miPhelps Street3
£62503/240.15 mi-3
£59503/240.15 miMontague Street, Grimsby3
£53004/240.16 miMontague Street, Cleethorpes3
£52503/240.16 miMontague Street, Cleethorpes, Lincolnshire, DN353
£72503/250.17 mi-3
£75002/250.17 mi-3
£63001/250.18 mi-3
£60003/250.19 mi-3
£78004/250.2 mi-3
£60003/240.2 miDaubney St, Cleethorpes, DN353
£60003/240.2 mi-3
£57504/240.2 miHart Street, Cleethorpes3
£57503/240.2 miTaylor Street, Cleethorpes3
£55504/240.21 miHart St, Cleethorpes!3
£65002/240.22 mi-3
£62504/240.22 mi-3
£59504/240.22 miHart Street, Cleethorpes3
£2,38403/240.23 miBlundell Avenue, Cleethorpes, Lincolnshire, DN353
£1,80002/240.23 mi-3
£1,80004/240.23 mi-3
£67504/240.26 miDaubney Street, Cleethorpes3
£60002/250.29 mi-3
£85004/240.31 miQueen Mary Avenue, Cleethorpes, DN353
£59503/250.31 mi-3
£85001/250.34 mi-3
£80003/250.34 mi-3
£60012/240.34 mi-3
£57503/240.35 miNeville Street, Cleethorpes3
£60004/240.36 mi-3
£60012/240.36 mi-3
£75012/240.36 mi-3
£59503/240.36 mi64 Neville Street, Cleethorpes3
£75003/250.36 mi-3

Local Area Statistics

Population in DN35

34,530

Town centre distance

1.40 miles away

Nearest school

0.30 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+51%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £88,000

February 16, 2025

Listed for £91,500

September 4, 2024

Floor Plans

Description

  • Mid terraced property located within the town of Cleethorpes +
  • Being sold with NO FORWARD CHAIN +
  • Ideal for a family or investor +
  • Three bedrooms, all good sizes - Bathroom +
  • Lounge, dining room, kitchen, utility room and sitting room +
  • Nearby to a wide variety of local amenities, schools and bus links +
  • Gas central heating and uPVC double glazing +
  • Energy performance rating D and Council tax band A +

Crofts estate agents are delighted to offer for sale WITH NO FORWARD CHAIN this mid terrace property located within the town of Cleethorpes. Requiring a scheme of modernisation, this provides an opportunity to make it how you like. Located near to a wide variety of local amenities and schools. Internal viewing will reveal the entrance hall, lounge, dining room, kitchen, utility room, sitting room, three bedrooms and the bathroom. There are also gardens to the front and rear and the property also benefits from uPVC double glazing and gas central heating.

Agent Details

Crofts Estate Agents, Cleethorpes

01472 404562

Next Steps?

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