2 Bed Terraced House, Refurb/BRRR, Grimsby, DN37 0EQ, £129,950

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

Refurb/BRRR
ROI: 6%
~56 m²
+4 photos

ValuationFair Value

Sold Prices£105K - £315K
Sold Prices/m²£1.9K/m² - £3.6K/m²

 

 

Square Metres

~56.10 m²
Price/m²£2.3K/m²

Value Estimate

£130,530

 

 

End Value (After Refurb)

£135,875

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,488

Stamp Duty & Legal Fees

£7,797

Refurb Costs

£22,733

Bridging Loan Interest

£3,411

Total Cash In

£68,178

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,875

Mortgage (After Refinance)

£101,906

Mortgage LTV

75%

Cash Released

£4,444

Cash Left In

£63,734

Equity

£33,969

Rent Range

£600 - £2,400

Rent Estimate

£957

Running Costs/mo

£636

Cashflow/mo

£321

Cashflow/yr

£3,852

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £105K to £315K, average is £165K. £1.9K/m² to £3.6K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£125K05/210.1 mi40, Fairway, Waltham, Grimsby, North East Lincolnshire DN37 0LU2
£161.5K04/230.16 mi29, Fairway, Waltham, Grimsby, North East Lincolnshire DN37 0LY2
£150K11/210.19 mi8, Church View, Waltham, Grimsby, North East Lincolnshire DN37 0PH2
£250K06/210.19 mi4, Church View, Waltham, Grimsby, North East Lincolnshire DN37 0PH2
£235K03/210.22 mi159, Fairway, Waltham, Grimsby, North East Lincolnshire DN37 0NE2
£160K09/210.3 mi2, Kirkside, Waltham, Grimsby, North East Lincolnshire DN37 0LR2
£176K06/210.31 mi167, Fairway, Waltham, Grimsby, North East Lincolnshire DN37 0PY2
£137.9K07/230.31 mi17, Brian Avenue, Waltham, Grimsby, North East Lincolnshire DN37 0JS2
£172.5K12/220.32 mi19, New Road, Waltham, Grimsby, North East Lincolnshire DN37 0EN2
£215K11/200.32 mi4, Church Lane, Waltham, Grimsby, North East Lincolnshire DN37 0ES2
£134K05/230.37 mi11, Tannery Close, Waltham, Grimsby, North East Lincolnshire DN37 0GD2
£227.5K10/200.38 mi10, Camargue Avenue, Waltham, Grimsby, North East Lincolnshire DN37 0PA2
£146K01/210.4 mi7, Coral Drive, Waltham, Grimsby, North East Lincolnshire DN37 0YD2
£315K11/200.41 mi30, Skinners Lane, Waltham, Grimsby, Humberside DN37 0EU2
£249K06/210.43 mi57a, Mill View, Waltham, Grimsby, North East Lincolnshire DN37 0HG2
£148K03/210.45 mi62, Boundary Road, Grimsby, North East Lincolnshire DN33 3BQ2
£130K03/210.45 mi3, Cardinal Court, Waltham, Grimsby, Humberside DN37 0YE2
£160K10/200.46 mi25, Torbay Drive, Grimsby, North East Lincolnshire DN33 3DQ2
£155K08/220.48 mi2, Kiddier Avenue, Grimsby, North East Lincolnshire DN33 3DA2
£145K01/210.49 mi8, Emfield Road, Grimsby, North East Lincolnshire DN33 3BP2
£175K08/230.5 mi36, Windermere Avenue, Grimsby, North East Lincolnshire DN33 3DD2
£144K03/230.5 mi27, Mill View, Waltham, Grimsby, North East Lincolnshire DN37 0HQ2
£212.5K04/230.52 mi21, Wheatfield Drive, Waltham, Grimsby, North East Lincolnshire DN37 0XT2
£175K05/230.53 mi7, Chiltern Drive, Waltham, Grimsby, North East Lincolnshire DN37 0DY2
£165K07/230.54 mi4, Rivan Avenue, Grimsby, North East Lincolnshire DN33 3BJ2
£165K11/220.54 mi14, Rivan Avenue, Grimsby, North East Lincolnshire DN33 3BJ2
£179K11/200.55 mi11, Mill Close, Waltham, Grimsby, North East Lincolnshire DN37 0HH2
£200K09/220.6 mi48, Langdale Avenue, Grimsby, North East Lincolnshire DN33 3HN2
£180K06/230.61 mi24, Westfield Road, Waltham, Grimsby, North East Lincolnshire DN37 0DX2
£157.5K06/210.62 mi9, Old Farm Court, Waltham, Grimsby, North East Lincolnshire DN37 0XY2
£168K04/210.64 mi2, Thirlmere Avenue, Grimsby, North East Lincolnshire DN33 3EA2
£175.5K06/210.64 mi45, Fallowfield Road, Grimsby, North East Lincolnshire DN33 3HD2
£159.5K11/210.65 mi16, Langdale Avenue, Grimsby, North East Lincolnshire DN33 3HN2
£136K11/200.65 mi44, Langdale Avenue, Grimsby, North East Lincolnshire DN33 3HN2
£148K12/200.67 mi8, Amos Close, Grimsby, North East Lincolnshire DN33 3HP2
£180K11/210.68 mi79, Cheapside, Waltham, Grimsby, North East Lincolnshire DN37 0HP2
£173K12/220.75 mi11, Fairfield Road, Grimsby, North East Lincolnshire DN33 3DR2
£164K10/220.75 mi11, Southern Walk, Grimsby, North East Lincolnshire DN33 2PG2
£165K09/220.76 mi15, Amesbury Avenue, Grimsby, North East Lincolnshire DN33 3HR2
£175K12/200.79 mi43, Bradley Road, Barnoldby Le Beck, Grimsby, North East Lincolnshire DN37 0YW2
£135K05/210.81 mi28, Fallowfield Road, Grimsby, North East Lincolnshire DN33 3EY2
£122.5K10/200.84 mi2, Hilary Road, Grimsby, North East Lincolnshire DN33 2PN2
£105K07/210.84 mi14, Hilary Road, Grimsby, North East Lincolnshire DN33 2PN2
£169.5K10/230.85 mi33, Ancaster Avenue, Grimsby, North East Lincolnshire DN33 3LH2
£195K04/230.86 mi15, Eastbourne Way, Grimsby, North East Lincolnshire DN33 2PH2
£235K09/220.88 mi9, Eastbourne Way, Grimsby, North East Lincolnshire DN33 2PH2
£188K11/200.9 mi31, Southfield Avenue, Grimsby, North East Lincolnshire DN33 2NX2
£155K03/230.91 mi22, Croxby Avenue, Grimsby, North East Lincolnshire DN33 2NW2
£140K11/210.91 mi22, Croxby Avenue, Grimsby, North East Lincolnshire DN33 2NW2
£149.9K11/210.94 mi8, Croxby Grove, Grimsby, North East Lincolnshire DN33 2NP2

Local Rents

50 rents from £600/mo to £2.4K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£75004/250.28 mi-2
£60003/240.31 miGrimsby Road, Waltham, Grimsby, Lincolnshire, DN371
£70007/230.35 mi-2
£71509/240.35 mi-2
£1,25003/240.4 miKemeshame Court, Waltham, Grimsby, DN373
£89509/230.43 mi-3
£79508/230.51 mi-3
£85005/240.58 mi-2
£89510/240.73 mi-2
£87510/230.75 mi-3
£1,00008/240.95 mi-3
£99504/240.97 miWellington Avenue, New Waltham3
£80008/231.02 mi-1
£75005/241.06 miBramley Close, Scartho2
£92503/241.19 miBecklands Avenue, New Waltham, Grimsby3
£78008/241.24 mi-2
£79508/231.25 mi-3
£95003/241.32 miPasture Lane, Scartho Top, Grimsby, DN333
£95003/241.32 miSt. Giles Avenue, Scartho3
£1,00010/231.32 miFenwick Road, Grimsby4
£70003/241.32 miFenwick Road, Scartho Top, Grimsby2
£92504/241.32 miPasture Lane, Scartho Park3
£99503/241.41 miAldwych Croft, New Waltham4
£72004/241.41 miWalsh Gardens, Scartho Top, Grimsby, NE Lincolnshire, DN332
£1,40004/241.42 miGarrick Lane, New Waltham, DN365
£82503/241.44 miGill Court, Scartho Top, Grimsby, DN333
£68503/241.46 miPatchett Close, Scartho Top, Grimsby, Lincolnshire, DN332
£67509/241.47 mi-2
£82502/241.5 mi-3
£89503/251.5 mi-3
£67003/241.52 miColonsay Court, New Waltham, N E Lincolnshire, DN362
£65003/241.52 mi-2
£67003/241.52 miSt Clements Way, New Waltham, Grimsby, DN362
£65004/241.52 miSt Clements Way, New Waltham, Grimsby, North East Lincolnshire, DN362
£75003/241.57 miBelgrave Road, Scartho, Grimsby, DN333
£65003/241.59 mi-3
£92511/241.63 mi-3
£88504/241.63 miStation Avenue, New Waltham, Lincolnshire, DN363
£85003/241.64 miEsther Way, Scartho Top3
£77504/241.69 miEdge Avenue, Grimsby3
£67503/241.73 miEdge Avenue, Scartho, Grimsby, North East Lincolnshire, DN333
£92502/251.76 mi-3
£77504/251.76 mi-3
£85003/241.78 miCragston Avenue, Scartho, DN33 3
£85002/241.83 mi-3
£75003/241.85 miAmethyst Court, New Waltham, Grimsby, Lincolnshire, DN362
£2,40003/241.85 mi-3
£2,40001/251.85 mi-3
£2,40005/241.85 mi-3
£2,40003/241.85 miBills Included, Grimsby, DN333

Local Area Statistics

Population in DN37

21,700

Population in Grimsby

124,581

Town centre distance

2.60 miles away

Nearest school

0.20 miles away

Nearest train station

3.09 miles away

 

 

Rental growth (12m)

-16%

Sales demand

Buyer's market

Capital growth (5yrs)

+17%

Property History

Price changed to £129,950

March 4, 2025

Listed for £135,000

September 9, 2024

Floor Plans

Description

  • End of terrace property located within a popular village +
  • Being sold with NO FORWARD CHAIN +
  • Two double bedrooms and bathroom +
  • Spacious lounge and kitchen-diner +
  • Off road parking and low maintenance gardens +
  • Nearby to a wide variety of local amenities +
  • Ideal for a variety of buyers +
  • Energy performance rating D and Council tax band B +

NO FORWARD CHAIN - IDEAL PURCHASE FOR A VARIETY OF BUYERS - NO BOILER - OFF ROAD PARKING - An opportunity to purchase a property within the popular village of Waltham. Requiring a scheme of modernisation but priced to reflect, this property comes with viewing highly advised. Nearby to a wide variety of local amenities, schools and also a bus route. Internal viewing will reveal the lounge, kitchen-diner, two double bedrooms and the bathroom. Externally there are low maintenance gardens to the front and rear with off road parking. The property also benefits from uPVC double glazing and although there is no boiler the radiators are all still fitted.

Agent Details

Crofts Estate Agents, Cleethorpes

01472 404562

Next Steps?

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

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