3 Bed Terraced House, Single Let, Grimsby, DN32 7LG, £55,000

Castle Street, Grimsby, N E Lincs, DN32 7LG - 1 views - 6 months ago

Sold STC
BTL
ROI: 16%
~84 m²
+8 photos

ValuationFair Value

Sold Prices£40K - £140K
Sold Prices/m²£369/m² - £1.4K/m²

 

 

Square Metres

~84.20 m²
Price/m²£653/m²

Value Estimate

£55,410

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Total Cash In

£17,700

 

 

Cash Out

 

Rent Range

£475 - £2,000

Rent Estimate

£540

Running Costs/mo

£300

Cashflow/mo

£240

Cashflow/yr

£2,882

ROI

16%

Gross Yield

12%

Local Sold Prices

50 sold prices from £40K to £140K, average is £60.5K. £369/m² to £1.4K/m², average is £658/m².

PriceDateDistanceAddressBeds 
£49K01/230.01 mi41, Castle Street, Grimsby, North East Lincolnshire DN32 7LW3
£110K10/210.01 mi49a, Castle Street, Grimsby, North East Lincolnshire DN32 7LW3
£42.2K06/210.03 mi9, Harold Street, Grimsby, North East Lincolnshire DN32 7LR3
£45K01/210.05 mi194, Stanley Street, Grimsby, North East Lincolnshire DN32 7LH3
£57K09/230.07 mi152, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£70.5K11/210.07 mi157, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£40K03/210.07 mi150, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£58K10/200.07 mi157, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£50K11/210.08 mi71, Castle Street, Grimsby, North East Lincolnshire DN32 7LG3
£44K03/210.09 mi52, Harold Street, Grimsby, North East Lincolnshire DN32 7NB3
£59K01/210.09 mi293, Wellington Street, Grimsby, North East Lincolnshire DN32 7JU3
£66K02/230.09 mi150, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£48K12/220.09 mi43, Harold Street, Grimsby, North East Lincolnshire DN32 7NB3
£56K05/210.1 mi15, Tunnard Street, Grimsby, North East Lincolnshire DN32 7LS3
£75K04/230.1 mi6, Tunnard Street, Grimsby, North East Lincolnshire DN32 7LS3
£50K12/200.1 mi3, Tunnard Street, Grimsby, North East Lincolnshire DN32 7LS3
£82.5K01/230.12 mi87, Roberts Street, Grimsby, North East Lincolnshire DN32 8BT3
£65K03/230.12 mi211, Wellington Street, Grimsby, North East Lincolnshire DN32 7JN3
£56K02/230.12 mi59, Tunnard Street, Grimsby, North East Lincolnshire DN32 7NA3
£45K11/200.12 mi254, Stanley Street, Grimsby, North East Lincolnshire DN32 8BS3
£72K03/230.12 mi242, Stanley Street, Grimsby, North East Lincolnshire DN32 8BS3
£68K12/200.14 mi308, Weelsby Street, Grimsby, North East Lincolnshire DN32 8AE3
£43K11/200.16 mi83, Stanley Street, Grimsby, North East Lincolnshire DN32 7LN3
£55K04/210.19 mi5, Buttermere Way, Grimsby, North East Lincolnshire DN32 7EH3
£70K12/200.19 mi8, Buttermere Way, Grimsby, North East Lincolnshire DN32 7EH3
£60K04/210.2 mi59, Buller Street, Grimsby, North East Lincolnshire DN32 8BW3
£50K12/200.2 mi108, Oxford Street, Grimsby, Humberside DN32 7PB3
£75K07/230.2 mi349, Weelsby Street, Grimsby, North East Lincolnshire DN32 8BN3
£45K11/210.2 mi129, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ3
£50K04/210.2 mi94, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ3
£40K11/200.2 mi135, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ3
£60K02/210.21 mi412, Wellington Street, Grimsby, North East Lincolnshire DN32 7JS3
£72K06/210.21 mi380, Wellington Street, Grimsby, North East Lincolnshire DN32 7JS3
£61K12/200.21 mi392, Wellington Street, Grimsby, North East Lincolnshire DN32 7JS3
£82K04/230.21 mi409, Wellington Street, Grimsby, North East Lincolnshire DN32 7JT3
£70K07/210.21 mi156, Castle Street, Grimsby, North East Lincolnshire DN32 7LA3
£95K02/230.23 mi23, Seascale Walk, Grimsby, North East Lincolnshire DN32 7EL3
£115K08/210.23 mi30, Humberstone Road, Grimsby, North East Lincolnshire DN32 8BP3
£65K02/230.23 mi15, Duke Street, Grimsby, North East Lincolnshire DN32 7RU3
£78K11/220.24 mi175, Hildyard Street, Grimsby, North East Lincolnshire DN32 7LX3
£65K01/210.25 mi5, Marlborough Close, Grimsby, North East Lincolnshire DN32 7JD3
£78K02/210.25 mi383, Weelsby Street, Grimsby, North East Lincolnshire DN32 8BJ3
£49K12/200.25 mi64, Weelsby Street, Grimsby, North East Lincolnshire DN32 7RY3
£80K08/230.27 mi128, Park Street, Grimsby, North East Lincolnshire DN32 7NT3
£112K05/230.27 mi1a, Buller Street, Grimsby, North East Lincolnshire DN32 8BL3
£140K01/230.28 mi144, Durban Road, Grimsby, North East Lincolnshire DN32 8AY3
£46.5K08/210.28 mi51, Rutland Street, Grimsby, North East Lincolnshire DN32 7RS3
£65K01/210.28 mi219, Durban Road, Grimsby, North East Lincolnshire DN32 8AU3
£60K01/210.28 mi217, Durban Road, Grimsby, North East Lincolnshire DN32 8AU3
£125K04/210.28 mi142, Durban Road, Grimsby, Humberside DN32 8AY3

Local Rents

50 rents from £475/mo to £2K/mo, average is £640/mo.

RentDateDistanceAddressBeds 
£62011/230.02 mi-3
£62002/250.02 mi-3
£47503/240.04 miHarold Street, Grimsby3
£57501/240.04 mi-3
£65003/250.04 mi-3
£55004/240.06 miWeelsby Street, Grimsby, DN323
£57501/250.08 mi-3
£52504/240.08 mi33 Harold Street, Grimsby3
£57501/240.1 mi-3
£58004/240.11 miWeelsby Street, Grimsby3
£70004/250.11 mi-3
£60002/250.11 mi-3
£54003/250.11 mi-3
£80003/250.12 mi-3
£75004/250.12 mi-3
£58503/240.14 miWeelsby Street, Grimsby3
£59503/240.14 miWeelsby Street, Grimsby3
£59503/250.17 mi-3
£75004/250.19 mi-3
£65002/250.19 mi-3
£80002/250.2 mi-3
£75004/250.2 mi-3
£72512/240.2 mi-3
£53503/240.21 miWellington Street, Grimsby3
£60002/250.25 mi-3
£85001/250.25 mi-3
£80004/250.25 mi-3
£57503/240.27 miBuller Street, Grimsby, DN323
£64012/240.28 mi-3
£67502/250.28 mi-3
£60012/240.28 mi-3
£65003/240.29 miWeelsby Street, Grimsby3
£67503/250.3 mi-3
£63001/250.3 mi-3
£64003/240.3 miCooper Road, Grimsby3
£2,00001/250.3 mi-3
£57503/240.31 miStanley St, Grimsby, DN323
£57503/240.31 miDurban Road, Grimsby, DN323
£60012/230.31 mi-3
£70003/240.31 miCooper Road, Grimsby3
£72503/240.31 miDurban Road, Grimsby, DN323
£72504/240.31 miDurban Road, Grimsby, DN323
£62504/240.31 miDurban Road, Grimsby3
£85004/240.33 miQueen Mary Avenue, Cleethorpes, DN353
£75012/230.34 mi-3
£75005/240.34 mi-3
£75003/250.34 mi-3
£65002/240.34 mi-3
£54003/240.34 miClerke Street, Cleethorpes3
£67504/240.35 miDaubney Street, Cleethorpes3

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

1.41 miles away

Nearest school

0.10 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Price changed to £55,000

December 4, 2024

Listed for £60,000

October 14, 2024

Floor Plans

Description

  • Large mid-terrace home +
  • 3 DOUBLE Bedrooms +
  • Ideal investment +
  • Refurbishment Opportunity +
  • Large rear garden +
  • 4 piece bathroom suite +
  • Short walk to shops and amenities +
  • EPC: D | Tenure: Freehold | Council Tax: A +

This spacious, three-bedroom mid-terrace property offers an excellent investment opportunity. With no forward chain and an attractive price point, this home is perfect for both first-time buyers and investor

This spacious, three-bedroom mid-terrace property offers an excellent investment opportunity. With no forward chain and an attractive price point, this home is perfect for both first-time buyers and investors looking for a refurbishment project with significant potential. Once a scheme of works is completed, the property holds the promise of a high rental yield.

Upon entering the ground floor, you are greeted by a spacious living room, which leads, open-plan, into a generously sized dining room, making it ideal for family gatherings or entertaining guests. These two large reception areas benefit from plenty of natural light, creating a bright and airy feel throughout.
Towards the rear of the ground floor, the kitchen offers a practical layout, with ample countertop space and plenty of cabinetry. Although currently in need of updating, this area provides a fantastic canvas for modernisation, allowing the buyer to create a contemporary, stylish kitchen. The ground-floor family bathroom is conveniently located and offers further scope for refurbishment.

Upstairs, the property boasts three well-proportioned bedrooms, each offering plenty of space and potential for customization. The floorplan reveals that the largest bedroom spans an impressive 12'2" by 11'8", while the other two rooms offer similarly generous dimensions, making this home ideal for families or as a rental investment.

This property represents a fantastic refurbishment opportunity, allowing you to tailor the space to your own tastes and needs. It is large for a terrace, with the floorplan highlighting the practicality of the space, offering 906 sq. ft. of accomodation in total.

Whether you're looking to modernise the kitchen and bathroom or refresh the décor throughout, the potential to add value is undeniable. Once the work is complete, the home’s size and layout will make it highly desirable for both families and renters, ensuring a solid return on investment.

With easy access to local amenities and transport links, this property is a must-see for anyone looking to undertake a project with substantial rewards.

Agent Details

DDM Residential, Grimsby

01472 404591

Next Steps?

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