4 Bed HMO, Grimsby, DN32 9PY, £99,950

278 Willingham Street, Grimsby, North East Lincolnshire, DN32 9PY - 22 views - 6 months ago

HMO
ROI: 24%
~129 m²
+9 photos

ValuationUndervalued

Sold Prices£76K - £467.5K
Sold Prices/m²£731/m² - £2.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£773/m²

Value Estimate

£119,940
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£4,199

Total Cash In

£29,186

 

 

Cash Out

 

Room Rate

£412

Gross Rent

£1,648

Running Costs/mo

£1,066

Cashflow/mo

£582

Cashflow/yr

£6,982

ROI

24%

Gross Yield

20%

Local Sold Prices

50 sold prices from £76K to £467.5K, average is £217K. £731/m² to £2.5K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£97K02/210.09 mi185, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LD4
£98K12/200.14 mi127, Welholme Road, Grimsby, Humberside DN32 0NQ4
£104K04/210.19 mi282, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LS4
£157K09/210.19 mi290, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LS4
£90K11/200.21 mi26, Granville Street, Grimsby, North East Lincolnshire DN32 9NS4
£93K05/230.22 mi37, Ainslie Street, Grimsby, North East Lincolnshire DN32 0LY4
£91K11/210.24 mi106, Heneage Road, Grimsby, North East Lincolnshire DN32 9JQ4
£117K09/210.26 mi52, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0NE4
£115K12/200.29 mi334, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LX4
£250K03/210.32 mi14, Lambert Road, Grimsby, North East Lincolnshire DN32 0HT4
£225K06/210.32 mi18, Lambert Road, Grimsby, North East Lincolnshire DN32 0HT4
£135K12/200.34 mi9, Abbey Drive East, Grimsby, North East Lincolnshire DN32 0HD4
£135K06/210.41 mi163, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JP4
£115K02/230.42 mi77, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9EQ4
£178K03/210.42 mi31, St Augustine Avenue, Grimsby, North East Lincolnshire DN32 0LD4
£104K11/200.42 mi184, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LB4
£149K09/210.43 mi19, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£157.5K07/210.43 mi23, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£178K06/230.43 mi5, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£215K10/210.45 mi97, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PX4
£215K10/210.45 mi97, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PX4
£76K02/210.47 mi23, Durban Road, Grimsby, North East Lincolnshire DN32 8BD4
£290K10/220.47 mi77, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PY4
£180K04/210.47 mi129, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RZ4
£235K07/210.5 mi57, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PZ4
£350K10/200.5 mi101, Abbey Road, Grimsby, North East Lincolnshire DN32 0HN4
£209.9K07/230.5 mi14, Welholme Road, Grimsby, North East Lincolnshire DN32 0DU4
£305K10/220.5 mi46, Brighowgate, Grimsby, North East Lincolnshire DN32 0QW4
£170K12/200.5 mi148, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RR4
£305K06/210.5 mi86, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PS4
£110K11/200.52 mi451, Weelsby Street, Grimsby, North East Lincolnshire DN32 8BE4
£242.5K12/210.52 mi58, Brighowgate, Grimsby, North East Lincolnshire DN32 0QW4
£405K05/210.53 mi51, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£467.5K07/220.53 mi45, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£425K08/230.53 mi53, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£406.2K05/230.53 mi17, Park Drive, Grimsby, North East Lincolnshire DN32 0EF4
£422K12/220.56 mi8, Bargate Avenue, Grimsby, North East Lincolnshire DN32 0ED4
£250K08/230.57 mi30, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0EA4
£465K09/210.57 mi16, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0EA4
£345K09/230.57 mi22, Portland Avenue, Grimsby, North East Lincolnshire DN32 0AA4
£220K04/210.57 mi10, Brunel Close, Grimsby, North East Lincolnshire DN32 9FE4
£270K04/230.57 mi10, Brunel Close, Grimsby, North East Lincolnshire DN32 9FE4
£270K02/230.57 mi161, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RX4
£219K04/210.58 mi2, Haigh Court, Grimsby, North East Lincolnshire DN32 9FD4
£250K09/210.59 mi85, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PL4
£269.9K05/230.6 mi1, Lea Drive, Grimsby, North East Lincolnshire DN32 9FB4
£225K08/210.64 mi58, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PN4
£430K11/210.64 mi38, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PN4
£265K11/200.64 mi60, Park Avenue, Grimsby, North East Lincolnshire DN32 0DQ4
£85K11/210.65 mi246, Stanley Street, Grimsby, North East Lincolnshire DN32 8BS4

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

0.71 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £99,950

September 22, 2024

Sold for £51,000

2019

Floor Plans

Description

  • 4 Bedroom HMO Ready-Made Investment +
  • Annual Rent Of Approximately £24k +
  • Gas Central Heating +
  • 2 Different Bathrooms +
  • Currently Partly Tenanted +
  • Prominent Grimsby Location +
  • Short Walk To Amenities +
  • Council Tax Band A +

This converted 4 bedroom HMO property is offered to the market For Sale with No Chain. Currently partly tenanted and achieving an annual approximate rent of £24,000, this property would be an ideal investment for buyers seeking their first HMO venture.
Situated within close proximity to Grimsby Town Centre and other amenities, this ready-made investment is being sold as part of 3 other profitable HMO properties.
Internal accommodation comprises: entrance hallway, downstairs bedroom, living area with comfy sofas, fitted kitchen with appliances, downstairs W.C and bathroom with shower cubicle.
The first floor holds 3 extra principal bedrooms, all of which are doubles.
Externally, the property offers low maintenance gardens to the front and rear. The rear garden is surrounded by 6ft fencing and mainly paved.

Entrance Hallway -

Bedroom 1 - 3.53m x 2.92m (11'7 x 9'7) -

Lounge - 3.61m x 2.67m (11'10 x 8'9) -

Kitchen - 3.48m x 2.79m (11'5 x 9'2) -

Bathroom - 2.67m x 2.29m (8'9 x 7'6) -

W.C -

Landing -

Bedroom 2 - 3.71m x 3.05m (12'2 x 10'0) -

Bedroom 3 - 4.57m x 2.24m (15'0 x 7'4) -

Bedroom 4 - 3.99m x 3.53m (13'1 x 11'7) -

Garden -

Agent Details

Farrow Estate Agent Ltd, Grimsby

01472 907517

Next Steps?

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