3 Bed Terraced House, Single Let, Grimsby, DN31 1RF, £80,000

101 Alexandra Road, Grimsby, North East Lincolnshire, DN31 1RF - 6 months ago

Sold STC
BTL
ROI: 6%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£35K - £122K
Sold Prices/m²£489/m² - £1.4K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£72,790

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£462 - £990

Rent Estimate

£495

Running Costs/mo

£369

Cashflow/mo

£126

Cashflow/yr

£1,512

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £35K to £122K, average is £75K. £489/m² to £1.4K/m², average is £783/m².

PriceDateDistanceAddressBeds 
£82K10/200.05 mi124, Alexandra Road, Grimsby, North East Lincolnshire DN31 1RN3
£71K08/230.05 mi150, Alexandra Road, Grimsby, North East Lincolnshire DN31 1RN3
£58K10/200.05 mi15, Tennyson Street, Grimsby, North East Lincolnshire DN31 1RJ3
£65K07/210.07 mi58, Alexandra Road, Grimsby, North East Lincolnshire DN31 1RW3
£35K04/210.14 mi53, Alexandra Road, Grimsby, North East Lincolnshire DN31 1RD3
£82K02/230.16 mi14, Somersby Street, Grimsby, North East Lincolnshire DN31 1TT3
£92K12/220.18 mi129, Fildes Street, Grimsby, North East Lincolnshire DN31 1TU3
£117K09/230.2 mi17, Freshney Drive, Grimsby, North East Lincolnshire DN31 1TN3
£120K09/210.21 mi78, Frederick Street, Grimsby, North East Lincolnshire DN31 1XQ3
£80K09/230.27 mi63, Earl Street, Grimsby, North East Lincolnshire DN31 2PL3
£70K02/230.28 mi140, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£75K02/230.28 mi144, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£51.5K02/210.29 mi13, Lord Street, Grimsby, North East Lincolnshire DN31 2LX3
£67.5K11/200.3 mi77, Lord Street, Grimsby, North East Lincolnshire DN31 2ND3
£113K03/210.31 mi50, Earl Street, Grimsby, North East Lincolnshire DN31 2LZ3
£80K06/210.31 mi46, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PB3
£121K12/220.33 mi25, Earl Street, Grimsby, North East Lincolnshire DN31 2NB3
£47K10/200.34 mi185, Corporation Road, Grimsby, North East Lincolnshire DN31 2PY3
£80K04/210.34 mi39, Earl Street, Grimsby, North East Lincolnshire DN31 2NB3
£95K11/220.35 mi8, Earl Street, Grimsby, North East Lincolnshire DN31 2NA3
£66K04/230.35 mi51, Veal Street, Grimsby, North East Lincolnshire DN31 2HF3
£95K09/230.35 mi11, Bemrose Way, Grimsby, North East Lincolnshire DN31 2JZ3
£89K03/210.35 mi26, Earl Street, Grimsby, Humberside DN31 2NA3
£73K04/230.36 mi19, Ripon Street, Grimsby, North East Lincolnshire DN31 2HG3
£45K02/210.36 mi13, Ripon Street, Grimsby, North East Lincolnshire DN31 2HG3
£60K07/230.36 mi66, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PA3
£100K10/210.39 mi6, Chantry Close, Grimsby, North East Lincolnshire DN31 2JY3
£90K12/220.41 mi54, Arthur Street, Grimsby, North East Lincolnshire DN31 2HT3
£56K05/210.41 mi73, Haycroft Street, Grimsby, North East Lincolnshire DN31 2HR3
£86K07/210.41 mi59, Arthur Street, Grimsby, North East Lincolnshire DN31 2HT3
£90K09/200.42 mi7, Macaulay Street, Grimsby, North East Lincolnshire DN31 2DS3
£56K02/210.42 mi10, Beeson Grove, Grimsby, Humberside DN31 2QJ3
£100K02/230.42 mi196, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£65K04/210.42 mi176, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£46K06/210.43 mi153, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£122K02/230.43 mi117, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£90K11/220.44 mi237, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£59K06/210.44 mi249, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£60K02/210.44 mi71, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£76K05/210.44 mi36, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£75K11/210.44 mi43, Railway Street, Grimsby, North East Lincolnshire DN32 7BN3
£60K03/210.44 mi33, Joseph Street, Grimsby, North East Lincolnshire DN31 2NU3
£75K08/210.45 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£43K10/200.45 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£50K08/210.46 mi6, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£54K02/210.46 mi13, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£84K12/220.47 mi100, Boulevard Avenue, Grimsby, North East Lincolnshire DN31 2JH3
£90K12/220.47 mi46, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£78.5K07/210.47 mi62, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£70K07/210.48 mi27, Lister Street, Grimsby, Humberside DN31 2HZ3

Local Rents

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

RentDateDistanceAddressBeds 
£62504/240.05 mi-3
£62503/240.05 miTennyson Street, Grimsby, DN313
£49507/230.05 mi-3
£60010/240.05 mi-3
£67511/240.06 mi-3
£94004/240.07 miMacaulay Park, Grimsby, DN313
£99004/240.07 miMacaulay Park, Grimsby, DN313
£99004/240.1 miMacaulay Park, Grimsby, DN313
£99003/240.11 miMacaulay Park, Grimsby, DN313
£57503/240.11 miAiredale Way, Grimsby3
£99003/240.17 miMacaulay Park, Grimsby, DN313
£93003/240.18 miMacaulay Park, Grimsby, DN313
£93003/240.18 miMacaulay Park, Grimsby, DN313
£96503/240.19 miMacaulay Park, Grimsby, DN313
£96503/240.19 miMacaulay Park, Grimsby, DN313
£95503/240.2 miMacaulay Park, Grimsby, DN313
£93003/240.21 miMacaulay Park, Grimsby, DN313
£93003/240.21 miMacaulay Park, Grimsby, DN313
£55003/240.23 miAnderson Street, Grimsby3
£60004/240.3 miCartergate, Grimsby, Lincolnshire, DN313
£52503/240.32 miHaycroft Street, Grimsby3
£52503/240.34 miCorporation Road, Grimsby3
£53503/240.35 miRipon Street, Grimsby, N E Lincolnshire, DN313
£48503/240.38 miHenry Street, Grimsby, DN31 2JB3
£56301/240.38 mi-3
£56304/240.38 mi-3
£56006/240.4 mi-3
£59503/240.41 miJames Street, Grimsby, South Humberside, DN313
£55004/240.42 miLord Street, Grimsby3
£62502/240.44 mi-3
£62502/240.44 mi-3
£62504/240.44 mi-3
£59503/240.44 miCorporation Road, Grimsby3
£56303/240.46 mi-3
£56307/240.46 mi-3
£55004/240.47 miCorporation Road, Grimsby3
£60003/240.48 miLawrence Street, Grimsby3
£64508/240.51 mi-3
£68004/240.53 mi-3
£65003/240.53 miMacaulay Street, Grimsby, DN313
£79503/240.53 miManor Avenue, Grimsby, Lincolnshire, DN323
£46212/230.53 mi-3
£60004/240.54 mi-3
£75002/240.55 mi-3
£75003/240.55 miHainton Avenue, Grimsby3
£57504/240.55 mi-3
£74503/240.58 mi-3
£55003/240.58 miLancaster Avenue, Grimsby3
£63001/240.59 mi-3
£64009/240.59 mi-3
£85010/240.62 mi-3

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

0.87 miles away

Nearest school

0.10 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £80,000

September 15, 2024

Sold for £55,500

2013

Sold for £54,000

2005

Sold for £16,000

2001

Floor Plans

Description

  • NO FORWARD CHAIN +
  • Three double bedrooms +
  • Two reception rooms +
  • Large chef's kitchen +
  • Low-maintenance paved gardens +
  • Separate WC +
  • Council tax band A +
  • Potential rental income £600 +
  • Gross yield 9.00% +
  • Laminate flooring throughout +

Welcome to this charming, three-bedroom terraced house, now on the market and eagerly waiting for its new homeowner. Ideal for first-time buyers or investors, this neutrally decorated home is neatly nestled in the heart of Grimsby, DN31.

Step inside, and you'll find a welcoming and cosy atmosphere, with two reception rooms that are perfect for entertaining guests or just enjoying a quiet evening in. The large kitchen is a chef's dream, complete with plenty of cupboard space for all your culinary needs and hard tiled flooring for easy maintenance.

Space is certainly no issue in this home – with three generously-sized double bedrooms, there's plenty of room for family and guests alike. The property also boasts a three-piece bathroom suite, as well as a separate WC for added convenience.

Outside, you'll find low-maintenance paved gardens at the front and rear – ideal for those who enjoy outdoor living without the fuss of constant gardening.

Adding to the appeal of this delightful property is its current council tax band A status. As an investment, it also offers a potential rental income of £600 per calendar month, equating to a gross yield of 9.00% - a fantastic opportunity for the savvy investor!

Throughout the house, laminate flooring adds a touch of elegance and ensures cleaning is a breeze.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

GRI240531/2

Agent Details

Reeds Rains, Grimsby

01472 404505

Next Steps?

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