6 Bed HMO, Grimsby, DN32 9LE, £105,000

Catherine Street, Grimsby, DN32 9LE - 1 views - 5 months ago

HMO
ROI: 28%
~127 m²
+6 photos

ValuationUndervalued

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

 

 

Square Metres

~126.50 m²
Price/m²£830/m²

Value Estimate

£129,150
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£6,450

Total Cash In

£32,700

 

 

Cash Out

 

Room Rate

£353

Gross Rent

£2,118

Running Costs/mo

£1,357

Cashflow/mo

£761

Cashflow/yr

£9,133

ROI

28%

Gross Yield

24%

Local Sold Prices

50 sold prices from £76K to £467.5K, average is £195K. £731/m² to £2.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£97K02/210.07 mi185, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LD4
£91K11/210.09 mi106, Heneage Road, Grimsby, North East Lincolnshire DN32 9JQ4
£90K11/200.28 mi26, Granville Street, Grimsby, North East Lincolnshire DN32 9NS4
£98K12/200.28 mi127, Welholme Road, Grimsby, Humberside DN32 0NQ4
£104K04/210.3 mi282, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LS4
£157K09/210.3 mi290, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LS4
£115K02/230.31 mi77, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9EQ4
£76K02/210.34 mi23, Durban Road, Grimsby, North East Lincolnshire DN32 8BD4
£93K05/230.35 mi37, Ainslie Street, Grimsby, North East Lincolnshire DN32 0LY4
£110K11/200.39 mi451, Weelsby Street, Grimsby, North East Lincolnshire DN32 8BE4
£115K12/200.39 mi334, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LX4
£117K09/210.41 mi52, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0NE4
£135K12/200.44 mi9, Abbey Drive East, Grimsby, North East Lincolnshire DN32 0HD4
£250K03/210.46 mi14, Lambert Road, Grimsby, North East Lincolnshire DN32 0HT4
£225K06/210.46 mi18, Lambert Road, Grimsby, North East Lincolnshire DN32 0HT4
£85K11/210.5 mi246, Stanley Street, Grimsby, North East Lincolnshire DN32 8BS4
£149K09/210.52 mi19, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£157.5K07/210.52 mi23, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£178K06/230.52 mi5, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£135K06/210.54 mi163, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JP4
£104K11/200.56 mi184, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LB4
£178K03/210.56 mi31, St Augustine Avenue, Grimsby, North East Lincolnshire DN32 0LD4
£215K10/210.57 mi97, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PX4
£215K10/210.57 mi97, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PX4
£180K04/210.57 mi129, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RZ4
£305K10/220.6 mi46, Brighowgate, Grimsby, North East Lincolnshire DN32 0QW4
£170K12/200.61 mi148, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RR4
£290K10/220.61 mi77, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PY4
£350K10/200.61 mi101, Abbey Road, Grimsby, North East Lincolnshire DN32 0HN4
£100K04/230.61 mi167, Roberts Street, Grimsby, North East Lincolnshire DN32 8BU4
£242.5K12/210.63 mi58, Brighowgate, Grimsby, North East Lincolnshire DN32 0QW4
£270K02/230.63 mi161, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RX4
£235K07/210.64 mi57, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PZ4
£209.9K07/230.64 mi14, Welholme Road, Grimsby, North East Lincolnshire DN32 0DU4
£305K06/210.64 mi86, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PS4
£220K04/210.65 mi10, Brunel Close, Grimsby, North East Lincolnshire DN32 9FE4
£270K04/230.65 mi10, Brunel Close, Grimsby, North East Lincolnshire DN32 9FE4
£219K04/210.67 mi2, Haigh Court, Grimsby, North East Lincolnshire DN32 9FD4
£405K05/210.67 mi51, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£467.5K07/220.67 mi45, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£425K08/230.67 mi53, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£406.2K05/230.68 mi17, Park Drive, Grimsby, North East Lincolnshire DN32 0EF4
£269.9K05/230.69 mi1, Lea Drive, Grimsby, North East Lincolnshire DN32 9FB4
£422K12/220.71 mi8, Bargate Avenue, Grimsby, North East Lincolnshire DN32 0ED4
£250K08/230.71 mi30, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0EA4
£465K09/210.71 mi16, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0EA4
£345K09/230.71 mi22, Portland Avenue, Grimsby, North East Lincolnshire DN32 0AA4
£100K05/220.73 mi52, Earl Street, Grimsby, North East Lincolnshire DN31 2PW4
£250K09/210.74 mi85, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PL4
£101K12/200.76 mi1, Queen Mary Avenue, Cleethorpes, North East Lincolnshire DN35 7SW4

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

0.84 miles away

Nearest school

0.10 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Price changed to £105,000

November 3, 2024

Listed for £110,000

October 4, 2024

Floor Plans

Description

  • VIDEO VIEWING AVAILABLE +
  • Regent Guest House Investment Property +
  • 6 Guest Bedrooms Across 2 Floors +
  • Shared Facilities & Communal Kitchen +
  • Conveniently Located 1.2 Miles From Grimsby Town Centre +
  • Well Presented +
  • Potential For Conversion Into A HMO (Subject To Necessary Consents) +

Jackson Green & Preston are delighted to offer to the market Regent Guest House, an appealing investment property situated on Catherine Street in Grimsby offering investors the opportunity of an immediate income stream. This property features six guest bedrooms (all with TV’s) across two floors, complemented by shared washing and drying facilities and a communal kitchen. The property operates a keyless system with all doors (including front door) having changeable entrance codes. The site is monitored by 14 motion detection CCTV cameras. We understand the owner is selling due to opening a larger hotel in the London area.

Regent Guest House is conveniently located near Grimsby's town centre train station (approximately 0.9 miles), an administrative hub and a historic port town. Cleethorpes, a charming seaside destination, is just a short 2-mile journey away. Humberside Airport, approximately 15 miles from the property, provides added convenience for travellers. Accessible transport links are available via the M180, A46, and A18.

Beyond its current use as a guest house, the property also holds potential for conversion into an HMO (House in Multiple Occupation). We understand from the current owner that planning requirements are already in place to satisfy conversion to a HMO however we advise all interested parties make their own enquiries.

VIEWING ESSENTIAL TO FULLY APPRECIATE ALL THAT IS ON OFFER.

Agent Details

Jackson Green and Preston, Grimsby

01472 404357

Next Steps?

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