3 Bed Detached House, Refurb/BRRR, Grimsby, DN36 5TJ, £315,000

Littlefield Lane, Marshchapel, Lincolnshire, DN36 5TJ - 7 months ago

Refurb/BRRR
~129 m²
+24 photos

ValuationOvervalued

Sold Prices£105K - £335K
Sold Prices/m²£1.3K/m² - £4.6K/m²

 

 

Square Metres

~129.30 m²
Price/m²£2.4K/m²

Value Estimate

£271,815

 

 

End Value (After Refurb)

£270,831

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£52,288

Bridging Loan Interest

£8,269

Total Cash In

£163,757

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£270,831

Mortgage (After Refinance)

£203,123

Mortgage LTV

75%

Cash Left In

£163,757

Equity

£67,708

Rent Range

£525 - £1,500

Rent Estimate

£869

Running Costs/mo

£1,040

Cashflow/mo

£-171

Cashflow/yr

£-2,054

Gross Yield

3%

Local Sold Prices

27 sold prices from £105K to £335K, average is £195K. £1.3K/m² to £4.6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£200K02/210.14 mi4, Swaby Close, Marshchapel, Grimsby, Lincolnshire DN36 5SA3
£158K05/220.17 mi13, Harpham Road, Marshchapel, Grimsby, Lincolnshire DN36 5TR3
£182K06/230.17 mi7, Harpham Road, Marshchapel, Grimsby, Lincolnshire DN36 5TR3
£154K02/210.17 mi10, Harpham Road, Marshchapel, Grimsby, Lincolnshire DN36 5TR3
£285K10/230.17 mi1, Harpham Road, Marshchapel, Grimsby, Lincolnshire DN36 5TR3
£177.5K06/210.25 miBonners Cottage, Sea Dyke Way, Marshchapel, Grimsby, Lincolnshire DN36 5TD3
£190K03/210.31 mi9, Mill Close, Marshchapel, Grimsby, Lincolnshire DN36 5TP3
£190K11/200.31 mi7, Mill Close, Marshchapel, Grimsby, Lincolnshire DN36 5TP3
£185K12/220.31 mi2, Mill Close, Marshchapel, Grimsby, Lincolnshire DN36 5TP3
£160K12/211.21 miLa Corbiere, Lock Road, North Cotes, Grimsby, Lincolnshire DN36 5UP3
£225K11/201.45 miEvenwood, Fire Beacon Lane, Covenham St Bartholomew, Louth, Lincolnshire LN11 0PA3
£330K10/211.65 miCharis, Wragholme Road, Grainthorpe, Louth, Lincolnshire LN11 7JD3
£305K03/211.69 miSouthey Green, Sea Lane, North Cotes, Grimsby, Lincolnshire DN36 5UZ3
£105K07/231.88 mi112, Samphire Close, North Cotes, Grimsby, Lincolnshire DN36 5XF3
£255K02/231.95 mi5, Stapes Garth, Grainthorpe, Louth, Lincolnshire LN11 7FD3
£275K02/231.98 mi1, Whyalla Close, Grainthorpe, Louth, Lincolnshire LN11 7JQ3
£128K02/211.98 mi16, Chapel Lane, Grainthorpe, Louth, Lincolnshire LN11 7HZ3
£160K02/212.17 mi8, Casswell Crescent, Fulstow, Louth, Lincolnshire LN11 0XJ3
£140K11/212.19 mi7, Northway, Fulstow, Louth, Lincolnshire LN11 0XH3
£265K11/212.67 miChurch Cottage, Church Lane, Tetney, Grimsby, Lincolnshire DN36 5JX3
£195K01/212.67 miField House, Church Lane, Tetney, Grimsby, Lincolnshire DN36 5JX3
£335K01/232.88 mi4, Todds Close, Tetney, Grimsby, Lincolnshire DN36 5LD3
£235K08/232.88 miConifer, Thoresby Road, Tetney, Grimsby, Lincolnshire DN36 5JR3
£287.5K11/232.91 miRone, School Lane, Tetney, Grimsby, Lincolnshire DN36 5JJ3
£237.5K04/212.91 miSpringfield House, School Lane, Tetney, Grimsby, Lincolnshire DN36 5JJ3
£320K09/232.92 miPeartree Cottage, Main Road, Covenham St Bartholomew, Louth, Lincolnshire LN11 0PF3
£190K11/202.93 miThe Rise, Thoresby Road, Tetney, Grimsby, Lincolnshire DN36 5JL3

Local Rents

5 rents from £525/mo to £1.5K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£52503/240.49 miSea Dyke Way, Marshchapel, DN36 5TF2
£90001/251.51 mi-3
£1,50005/241.97 miElland Way, Poors End, Grainthorpe3
£72512/242.12 mi-2
£69506/242.19 miStarks Row , Fulstow2

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

8.18 miles away

Nearest school

0.20 miles away

Nearest train station

6.93 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £315,000

February 20, 2025

Listed for £325,000

September 16, 2024

Floor Plans

Description

  • Stunning 3 Bed Detached Home +
  • Much Sought After Marshchapel Location +
  • Generous Reception Space +
  • Modern Fitted Kitchen/Diner +
  • Sizable Conservatory +
  • Attractive Front and Rear Gardens +
  • Two Driveways for Off Road Parking +
  • Council Tax Band C +
  • EPC Rating D +

Now available to market is this simply beautiful detached family home nestled within the popular and highly sought after village of Marshchapel.

The product of many years of careful maintenance and tasteful modernisation, the result is a totally bespoke and singular house that offers immense appeal to a wide variety of potential buyers while the unique layout combines a generosity of space with the warm attraction of a bright decor.

The property itself is framed within attractive and mature gardens, the rear of which is pleasantly designed to make good use of the ample space providing a selection of spaces ideal for relaxation or leisure. The plot is also pleasingly private while accommodating plentiful off road parking in the form of not one, but two driveways as well a detached garage to the rear.

Entry into the ground floor reveals a spacious entry hall that grants access to the home's wealth of versatile reception space. A huge dual aspect lounge with wood burning stove, a smaller office or snug that is ideal for home working and last, but by no means least, a stunning, open kitchen/diner. This amazingly sleek and attractive space offers any buyer a wide spectrum of counter and cupboard space while also benefitting from a range of integrated appliances including oven, hob and dishwasher. Plentiful dining space is brightly lit thanks to the glut of natural light through both the sliding patio doors and Velux skylights set above the kitchen itself. The whole room is imbued with a sense of style and grandeur and would serve as a wonderful hub for busy home life.

In addition, a handy utility space can be found at the rear of the kitchen which also leads into a downstairs shower room, brilliant advantages both for larger families. Finally, a sizable glazed conservatory has also been installed to the rear of the dining area, providing a brilliant vantage point for the entirety of the rear garden and a great space to sit and relax all year round.

The first floor consists of three well-appointed bedrooms, the largest two of which benefit from pragmatic fitted storage, and the family bathroom which includes a spacious walk in shower unit and elegant his and her sinks. Each portion of space is used practically but presents beautifully with aesthetic touches such as sleek timber and glass balustrade at the top of the stairs that help to bring out the overall class and character of this charming home.

The efficient grade of modern, oil fired combi boiler combined with heating controls and high quality PVC glazing ensure that this is a surprisingly cost effective property to run as well, even for one of this size and detachment. Yet another element of peace of mind that this house offers to potential buyers.

This truly is a special home that defies easy description and this agent would whole heartedly recommend internal viewings to appreciate all that it has to offer.

Agent Details

Relo Estate Agents, Covering Grimsby

01472 404360

Next Steps?

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