3 Bed Terraced House, Single Let, Grimsby, DN31 2RR, £65,000

Gilbey Road, Grimsby, Lincolnshire. DN31 2RR - 6 months ago

BTL
ROI: 10%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£40K - £122K
Sold Prices/m²£449/m² - £1.4K/m²

 

 

Square Metres

~93 m²
Price/m²£699/m²

Value Estimate

£79,326
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Total Cash In

£20,700

 

 

Cash Out

 

Rent Range

£462 - £990

Rent Estimate

£499

Running Costs/mo

£323

Cashflow/mo

£176

Cashflow/yr

£2,113

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £40K to £122K, average is £68K. £449/m² to £1.4K/m², average is £853/m².

PriceDateDistanceAddressBeds 
£64K04/230 mi141, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RR3
£74.5K12/220.05 mi164, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RP3
£47K09/200.05 mi126, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RP3
£93K12/220.06 mi1, Harlow Street, Grimsby, North East Lincolnshire DN31 2QX3
£87K08/230.07 mi155, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RY3
£46K10/200.07 mi153, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RY3
£50K08/210.07 mi153, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RY3
£62K06/230.1 mi97, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£55K05/210.1 mi97, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£55K05/210.1 mi113, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£80K10/200.14 mi24, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA3
£95K11/200.14 mi35, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA3
£71K04/210.14 mi2, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA3
£90K09/220.14 mi12, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA3
£50K05/210.2 mi57, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RL3
£47K09/200.21 mi14, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QR3
£68K02/230.21 mi28, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QR3
£68K06/230.21 mi30, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RN3
£40K10/200.21 mi25, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QP3
£65K12/220.21 mi93, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RU3
£50K06/230.22 mi22, Dunmow Street, Grimsby, North East Lincolnshire DN31 2RE3
£47K01/230.29 mi121, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£95K01/220.31 mi35, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£83K12/200.31 mi26, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£88K01/210.31 mi33a, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£54K02/210.32 mi13, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£50K08/210.32 mi6, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£75K08/210.32 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£43K10/200.32 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£59K06/210.33 mi249, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£90K11/220.34 mi237, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£84K12/220.35 mi100, Boulevard Avenue, Grimsby, North East Lincolnshire DN31 2JH3
£56K02/210.35 mi10, Beeson Grove, Grimsby, Humberside DN31 2QJ3
£60K03/210.37 mi33, Joseph Street, Grimsby, North East Lincolnshire DN31 2NU3
£100K02/230.42 mi196, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£65K04/210.42 mi176, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£47K10/200.43 mi185, Corporation Road, Grimsby, North East Lincolnshire DN31 2PY3
£87K12/200.43 mi44, Lister Street, Grimsby, North East Lincolnshire DN31 2JG3
£90K12/220.44 mi46, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£78.5K07/210.44 mi62, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£46K06/210.44 mi153, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£122K02/230.44 mi117, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£60K07/230.45 mi66, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PA3
£82.5K01/230.47 mi220, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EJ3
£100K08/210.47 mi275, Cromwell Road, Grimsby, North East Lincolnshire DN31 2BH3
£60K02/210.48 mi71, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£76K05/210.48 mi36, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£70K07/210.48 mi27, Lister Street, Grimsby, Humberside DN31 2HZ3
£85K01/230.48 mi215, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£74.3K03/230.48 mi207, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3

Local Rents

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

RentDateDistanceAddressBeds 
£52508/240 mi-3
£62502/240.07 mi-3
£62510/240.1 mi-3
£49503/240.13 miElsenham Road, Grimsby3
£63001/240.19 mi-3
£64009/240.19 mi-3
£99005/240.29 miMacaulay Park, Grimsby, DN313
£55004/240.3 miCorporation Road, Grimsby3
£59503/240.33 miCorporation Road, Grimsby3
£64508/240.39 mi-3
£60003/240.4 miLawrence Street, Grimsby3
£59503/240.41 miJames Street, Grimsby, South Humberside, DN313
£65012/240.41 mi-3
£52503/240.43 miCorporation Road, Grimsby3
£67504/240.43 miRoseveare Avenue, Grimsby, Lincolnshire, DN313
£65001/250.43 mi-3
£56301/240.44 mi-3
£56304/240.44 mi-3
£55004/240.44 miLord Street, Grimsby3
£56006/240.45 mi-3
£48503/240.45 miHenry Street, Grimsby, DN31 2JB3
£65003/240.46 miMacaulay Street, Grimsby, DN313
£68004/240.46 mi-3
£46212/230.46 mi-3
£55003/240.49 miLancaster Avenue, Grimsby3
£62502/240.5 mi-3
£62502/240.5 mi-3
£62504/240.5 mi-3
£56303/240.5 mi-3
£56307/240.5 mi-3
£69511/230.51 mi-3
£63503/240.51 miTyler Avenue, Grimsby3
£52503/240.52 miHaycroft Street, Grimsby3
£60004/240.52 mi-3
£65003/240.52 miRoseveare Avenue, Grimsby3
£59007/230.54 mi-3
£62505/240.54 miSpring Bank, Grimsby3
£60005/240.54 mi-3
£62510/240.56 mi-3
£62505/240.56 miSpring Bank, Grimsby, DN343
£93003/240.56 miMacaulay Park, Grimsby, DN313
£93003/240.57 miMacaulay Park, Grimsby, DN313
£95503/240.59 miMacaulay Park, Grimsby, DN313
£96503/240.59 miMacaulay Park, Grimsby, DN313
£96503/240.59 miMacaulay Park, Grimsby, DN313
£93003/240.6 miMacaulay Park, Grimsby, DN313
£93003/240.6 miMacaulay Park, Grimsby, DN313
£57501/240.6 mi-3
£57501/240.6 mi-3
£85010/240.6 mi-3

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

1.21 miles away

Nearest school

0.90 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £65,000

October 18, 2024

Listed for £69,950

September 19, 2024

Description

  • Offered For Sale With Tenants In Situ Currently Achieving £7140pa +
  • 3 Bedroom Property Currently Achieving £7140pa +
  • Redecorated Throughout Plus New Floorings and Window Blinds +
  • Through Lounge/Dining Room +
  • Modern Kitchen +
  • Gas Central Heating +
  • Upvc Double Glazed Windows +
  • Served By Excellent Transport and Road Links +

EXCELLENT INVESTMENT OPPORTUNITY OFFERED FOR SALE WITH TENANTS IN SITU, CURRENTLY ACHIEVING £7140 pa** This spacious 3 bedroom family home benefits from a full redecoration plus new floorings and window blinds throughout, Boasting gas central heating, upvc windows and briefly comprising: Entrance Hall, Lounge, Dining Room, Modern Kitchen with built in oven, hob and extractor hood, Bathroom and 3 Good Size Bedrooms. Close to local amenities, popular schools and served by excellent road and transport links.

Agent Details

Let's Move Sales and Lettings, Hull

01482 251802

Next Steps?

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