3 Bed Semi-Detached House, Refurb/BRRR, Grimsby, DN36 4AG, £275,000

162 Grimsby Road, Grimsby, North East Lincolnshire, DN36 4AG - 2 views - 7 months ago

Refurb/BRRR
~93 m²
+27 photos

ValuationOvervalued

Sold Prices£80K - £328K
Sold Prices/m²£1K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£228,962

 

 

End Value (After Refurb)

£253,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£37,609

Bridging Loan Interest

£7,219

Total Cash In

£126,028

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£253,750

Mortgage (After Refinance)

£190,313

Mortgage LTV

75%

Cash Left In

£126,028

Equity

£63,438

Rent Range

£675 - £3,337

Rent Estimate

£894

Running Costs/mo

£992

Cashflow/mo

£-98

Cashflow/yr

£-1,173

Gross Yield

4%

Local Sold Prices

50 sold prices from £80K to £328K, average is £199K. £1K/m² to £4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£175K07/230 mi186, Grimsby Road, Humberston, Grimsby, North East Lincolnshire DN36 4AG3
£160K03/210.11 mi10, Marigold Walk, Cleethorpes, Humberside DN35 0SZ3
£280K05/210.12 mi183, Humberston Road, Cleethorpes, North East Lincolnshire DN35 0PH3
£235K09/210.12 mi11, Derwent Drive, Humberston, Grimsby, North East Lincolnshire DN36 4BB3
£189.9K02/210.12 mi37, Derwent Drive, Humberston, Grimsby, North East Lincolnshire DN36 4BB3
£250K03/210.15 mi34, Coniston Crescent, Humberston, Grimsby, North East Lincolnshire DN36 4AY3
£245K03/230.15 mi280, Grimsby Road, Humberston, Grimsby, North East Lincolnshire DN36 4AF3
£257K12/210.15 mi238, Grimsby Road, Humberston, Grimsby, North East Lincolnshire DN36 4AF3
£200K03/210.15 mi226, Grimsby Road, Humberston, Grimsby, North East Lincolnshire DN36 4AF3
£225K01/230.15 mi236, Grimsby Road, Humberston, Grimsby, North East Lincolnshire DN36 4AF3
£189K02/210.18 mi5, Chaffinch Drive, Cleethorpes, North East Lincolnshire DN35 0ST3
£173K03/210.18 mi10a, Chaffinch Drive, Cleethorpes, North East Lincolnshire DN35 0ST3
£170K08/230.18 mi15, Chaffinch Drive, Cleethorpes, North East Lincolnshire DN35 0ST3
£193K02/210.25 mi94, Coniston Crescent, Humberston, Grimsby, North East Lincolnshire DN36 4AB3
£140.1K03/210.25 mi128, Grimsby Road, Humberston, Grimsby, North East Lincolnshire DN36 4AH3
£125K11/200.28 mi14, Delamere Court, Cleethorpes, North East Lincolnshire DN35 0TT3
£150K07/230.28 mi7, Delamere Court, Cleethorpes, North East Lincolnshire DN35 0TT3
£144.5K08/230.28 mi11, Delamere Court, Cleethorpes, North East Lincolnshire DN35 0TT3
£325K02/210.29 mi15, Cheltenham Way, Cleethorpes, North East Lincolnshire DN35 0UG3
£190K08/230.32 mi8, Arden Village, Cleethorpes, North East Lincolnshire DN35 0TS3
£165K06/210.32 mi12, Arden Village, Cleethorpes, North East Lincolnshire DN35 0TS3
£235K01/230.36 mi306, Grimsby Road, Humberston, Grimsby, North East Lincolnshire DN36 4AA3
£198K03/210.36 mi324, Grimsby Road, Humberston, Grimsby, North East Lincolnshire DN36 4AA3
£210K12/200.36 mi308, Grimsby Road, Humberston, Grimsby, North East Lincolnshire DN36 4AA3
£145K10/220.38 mi78, Wilton Road, Humberston, Grimsby, North East Lincolnshire DN36 4AW3
£190K04/210.4 mi11, Paul Crescent, Humberston, Grimsby, North East Lincolnshire DN36 4DF3
£320K04/230.41 mi29, Queen Elizabeth Road, Humberston, Grimsby, North East Lincolnshire DN36 4DQ3
£169.9K03/230.41 mi16, Queen Elizabeth Road, Humberston, Grimsby, North East Lincolnshire DN36 4DD3
£116K09/230.42 mi26, Oak Way, Cleethorpes, North East Lincolnshire DN35 0RA3
£145.5K11/200.42 mi23, Oak Way, Cleethorpes, North East Lincolnshire DN35 0RA3
£140K06/210.42 mi4, Beech Way, Cleethorpes, North East Lincolnshire DN35 0RG3
£185K05/210.45 mi10, Church Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4DB3
£180K01/230.45 mi53, St Christophers Road, Humberston, Grimsby, North East Lincolnshire DN36 4EA3
£260K07/230.46 mi18, Larch Road, Cleethorpes, North East Lincolnshire DN35 0RW3
£220K11/200.46 mi19, Larch Road, Cleethorpes, North East Lincolnshire DN35 0RW3
£301K07/230.46 mi32, Westbury Road, Cleethorpes, North East Lincolnshire DN35 0QE3
£80K05/210.46 mi14, Meadow View, Cleethorpes, North East Lincolnshire DN35 0QU3
£245K04/210.48 mi6, The Crofts, Humberston, Grimsby, North East Lincolnshire DN36 4DN3
£210K01/230.48 mi24, Pine Walk, Cleethorpes, North East Lincolnshire DN35 8BP3
£328K06/230.48 mi5, Pytchley Walk, Cleethorpes, North East Lincolnshire DN35 0RS3
£255K10/220.49 mi7, Pytchley Walk, Cleethorpes, North East Lincolnshire DN35 0RS3
£265K08/230.5 mi12, Cottesmore Road, Cleethorpes, North East Lincolnshire DN35 0RY3
£160K12/220.51 mi12, St Johns Road, Humberston, Grimsby, North East Lincolnshire DN36 4DY3
£236.5K06/210.51 mi23, Beaufort Crescent, Cleethorpes, North East Lincolnshire DN35 0RR3
£325K01/210.51 mi43, Beaufort Crescent, Cleethorpes, North East Lincolnshire DN35 0RR3
£185K02/230.53 mi25, Westport Road, Cleethorpes, North East Lincolnshire DN35 0QF3
£249.9K06/210.55 mi15, Ingram Place, Cleethorpes, North East Lincolnshire DN35 9QP3
£280K06/210.55 mi14, Ingram Place, Cleethorpes, North East Lincolnshire DN35 9QP3
£210K01/210.56 mi15, Cotswold Close, Cleethorpes, North East Lincolnshire DN35 0EA3
£220K01/210.57 mi10, Mayfair Court, Cleethorpes, North East Lincolnshire DN35 0QG3

Local Rents

24 rents from £675/mo to £3.3K/mo, average is £915/mo.

RentDateDistanceAddressBeds 
£87503/240.14 miPrimrose Way, Cleethorpes3
£85001/250.28 mi-3
£89504/240.4 miQueen Elizabeth Road, Humberston, Grimsby3
£95003/240.48 miPytchley Walk, Cleethorpes, DN353
£95003/240.51 miBeaufort Crescent, Cleethorpes3
£75003/240.51 miCottesmore Road, Cleethorpes3
£92503/240.75 miAlder Avenue, Humberston, Grimsby, Lincolnshire, DN363
£92504/240.81 miFern Close, Humberston, Grimsby, DN363
£90503/240.81 miFern Close, Humberston, Grimsby, Lincolnshire, DN363
£95012/240.85 mi-3
£99503/250.85 mi-3
£1,00004/240.96 mi-3
£1,00004/250.96 mi-3
£1,00004/250.96 mi-3
£89503/240.97 miParklands Avenue, Humberston, Grimsby, Lincolnshire, DN363
£87508/241.01 mi-3
£89505/241.01 miPeterson Drive, Grimsby, DN363
£89504/241.01 mi-3
£89503/241.01 miHarvey Walk, New Waltham, DN363
£3,33702/251.06 mi-3
£75003/251.09 mi-3
£95003/241.09 mi-3
£67504/241.1 miWarwick Road, Cleethorpes3
£92503/241.16 miGreen Lane, Humberston, GRIMSBY3

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

2.76 miles away

Nearest school

0.50 miles away

Nearest train station

1.80 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £275,000

September 26, 2024

Sold for £167,500

2015

Floor Plans

Description

  • Simply stunning three bedroom semi detached home +
  • Modernised to a high standard - viewing highly recommended +
  • Desirable village of Humberston - perfect for schools & amenities +
  • Bay fronted living room & superb open plan living/dining kitchen +
  • Fantastic four piece family bathroom suite +
  • Ample driveway space & large rear garden +

Roost Estate Agents are delighted to bring this simply STUNNING three bedroom semi detached family home to the market.

Boasting beautifully presented and generously sized living accommodation, this superb home has benefited from a full scheme of modernisation throughout - including the creation of a magnificent open plan living/dining kitchen which provides the perfect space for modern day living, as well as a four piece family bathroom suite - which is why internal viewing at an early stage comes HIGHLY recommended to ensure that you don't miss out on the opportunity to own this wonderful home.

Found in the desirable village of Humberston, the property is ideally placed for a wide range of amenities, regular bus services and in catchment of highly regarded schools - making it the perfect purchase for a multitude of buyers.

Briefly comprising of a bright and welcoming entrance hall, bay fronted living room and the stunning open plan living dining kitchen to the ground floor.
To the first floor there are three bedrooms (two of which are generous doubles - both with fitted wardrobe units) and the stunning four piece family bathroom suite also.

Externally, the property benefits from an attractive frontage with ample driveway space and to the rear is a large and enclosed garden which provides the perfect space for soaking up the summer sun, entertaining and for the whole family to enjoy.

With gas central heating and double glazing throughout.

Agent Details

Roost Estate Agents, Cleethorpes

01472 404604

Next Steps?

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