2 Bed Terraced House, Single Let, Grimsby, DN32 9PQ, £70,000

141 Patrick Street, Grimsby, North East Lincolnshire, DN32 9PQ - 4 views - 6 months ago

BTL
ROI: 6%
~68 m²
+26 photos

ValuationUndervalued

Sold Prices£50K - £265K
Sold Prices/m²£633/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£97,539
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,599

Total Cash In

£21,099

 

 

Cash Out

 

Rent Range

£425 - £1,970

Rent Estimate

£475

Running Costs/mo

£334

Cashflow/mo

£141

Cashflow/yr

£1,695

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £50K to £265K, average is £95.5K. £633/m² to £2.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£62.5K02/210.07 mi58, David Street, Grimsby, North East Lincolnshire DN32 9NN2
£100K12/200.14 mi38, Robert Pearson Mews, Grimsby, North East Lincolnshire DN32 9SJ2
£96K10/200.16 mi34, Robert Pearson Mews, Grimsby, North East Lincolnshire DN32 9SJ2
£105K04/210.16 mi5, Danes Close, Grimsby, North East Lincolnshire DN32 9AG2
£93K07/210.16 mi80, Danes Close, Grimsby, North East Lincolnshire DN32 9AG2
£78K12/200.26 mi47, Columbia Road, Grimsby, North East Lincolnshire DN32 8EA2
£85K12/220.29 mi43, Columbia Road, Grimsby, North East Lincolnshire DN32 8EA2
£60K03/210.3 mi216, Heneage Road, Grimsby, North East Lincolnshire DN32 9JF2
£60.3K09/210.32 mi86, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9EG2
£62.5K07/210.38 mi30, Julian Street, Grimsby, North East Lincolnshire DN32 8BG2
£105K10/210.42 mi9, Cartledge Avenue, Grimsby, North East Lincolnshire DN32 8ES2
£115K10/210.42 mi29, Cartledge Avenue, Grimsby, Humberside DN32 8ES2
£163K12/220.42 mi14, Cartledge Avenue, Grimsby, North East Lincolnshire DN32 8ES2
£79K05/210.42 mi13, Farebrother Street, Grimsby, North East Lincolnshire DN32 0NH2
£89K03/210.44 mi80, Runswick Road, Grimsby, North East Lincolnshire DN32 8HL2
£72.5K02/230.44 mi188, Willingham Street, Grimsby, North East Lincolnshire DN32 9PU2
£65K11/210.45 mi46, Julian Street, Grimsby, North East Lincolnshire DN32 8BH2
£135K10/210.46 mi32, Samuel Avenue, Grimsby, North East Lincolnshire DN32 8ET2
£94.5K08/210.47 mi93, Lambert Road, Grimsby, North East Lincolnshire DN32 0NR2
£115K09/220.47 mi19, Samuel Avenue, Grimsby, North East Lincolnshire DN32 8ET2
£81K03/210.48 mi136, Fairmont Road, Grimsby, North East Lincolnshire DN32 8DX2
£80K05/210.48 mi81, Fairmont Road, Grimsby, North East Lincolnshire DN32 8DX2
£90K04/210.49 mi165, Cooper Road, Grimsby, North East Lincolnshire DN32 8DQ2
£102.1K10/210.49 mi94, Cooper Road, Grimsby, North East Lincolnshire DN32 8DQ2
£120K10/210.5 mi28, Colin Avenue, Grimsby, North East Lincolnshire DN32 8EP2
£95K08/210.54 mi9, Old Mill Court, Grimsby, North East Lincolnshire DN32 0PE2
£63K02/210.57 mi323, Weelsby Street, Grimsby, North East Lincolnshire DN32 8AE2
£132.5K01/210.58 mi42, Lichfield Road, Grimsby, North East Lincolnshire DN32 8JZ2
£122K08/210.58 mi3, Howard Grove, Grimsby, North East Lincolnshire DN32 8JE2
£150K01/230.58 mi4, Howard Grove, Grimsby, North East Lincolnshire DN32 8JE2
£115K11/200.58 mi2, Howard Grove, Grimsby, North East Lincolnshire DN32 8JE2
£155K12/220.59 mi20, Howard Grove, Grimsby, North East Lincolnshire DN32 8JE2
£50K06/230.59 mi63, Roberts Street, Grimsby, North East Lincolnshire DN32 8AW2
£62K01/210.59 mi75, Roberts Street, Grimsby, North East Lincolnshire DN32 8AW2
£106K09/210.63 mi23, Rudham Avenue, Grimsby, North East Lincolnshire DN32 0AX2
£64K05/230.64 mi253, Durban Road, Grimsby, North East Lincolnshire DN32 8AU2
£235K05/210.68 mi25, St Andrews Drive, Grimsby, North East Lincolnshire DN32 8PR2
£98K10/210.72 mi13, Helene Grove, Grimsby, North East Lincolnshire DN32 8JX2
£120K11/210.72 mi10, Helene Grove, Grimsby, North East Lincolnshire DN32 8JX2
£265K03/220.72 mi28, St Andrews Drive, Grimsby, North East Lincolnshire DN32 8PS2
£82.5K03/230.73 mi135, Castle Street, Grimsby, North East Lincolnshire DN32 7LB2
£130K08/220.74 mi9b, Holyoake Road, Grimsby, North East Lincolnshire DN32 8JH2
£100K06/210.74 mi44, Grove Crescent, Grimsby, North East Lincolnshire DN32 8JU2
£92K11/200.74 mi84, Grove Crescent, Grimsby, North East Lincolnshire DN32 8JU2
£97K02/210.74 mi64, Grove Crescent, Grimsby, North East Lincolnshire DN32 8JU2
£87K03/210.74 mi31, Grove Crescent, Grimsby, North East Lincolnshire DN32 8JU2
£100K06/210.74 mi57, Grove Crescent, Grimsby, Humberside DN32 8JU2
£138K08/230.74 mi9, Holyoake Road, Grimsby, North East Lincolnshire DN32 8JH2
£93K01/230.76 mi27, Kathleen Grove, Grimsby, North East Lincolnshire DN32 8JT2
£62K06/230.76 mi165, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ2

Local Rents

41 rents from £425/mo to £2K/mo, average is £525/mo.

RentDateDistanceAddressBeds 
£49508/230.12 mi-2
£49503/240.12 mi-2
£49503/240.12 mi-2
£55002/250.15 mi-2
£60009/240.16 mi-2
£49501/240.16 mi-2
£52502/250.16 mi-2
£52501/250.16 mi-2
£52504/250.16 mi-2
£67504/240.16 miDanes Close, Grimsby, North East Lincolnshire, DN322
£45503/250.23 mi-2
£42503/240.25 miTasburgh Street, Grimsby, DN322
£1,97004/250.25 mi-2
£47503/240.25 miHainton Avenue, Grimsby, Lincolnshire, DN322
£48003/240.26 miAlgernon Street, Grimsby2
£59001/240.28 mi-2
£60003/240.29 mi-2
£60003/240.29 mi-2
£60003/240.29 mi-2
£50003/250.29 mi-2
£65003/250.3 mi-2
£59503/240.32 miLadysmith Road, Grimsby, DN322
£58504/250.32 mi-2
£47504/240.36 miFlorence Street, Grimsby2
£47504/240.36 miFlorence Street, Grimsby2
£65003/240.37 miHeneage Road, Grimsby, DN322
£49503/240.38 miJulian Street, Grimsby2
£52509/230.39 mi-2
£52509/230.39 mi-2
£48003/240.39 miWelholme Road, Grimsby2
£56010/240.39 mi-2
£55003/250.39 mi-2
£60003/240.45 miHeneage Road, Grimsby2
£47503/240.48 miWintringham Road, Grimsby2
£55004/240.53 miWintringham Road, Grimsby, North East Lincs, DN322
£55004/240.57 miWeelsby Street, Grimsby, Lincolnshire, DN322
£49003/240.57 miHainton Avenue, Grimsby, DN322
£49503/240.57 miHainton Avenue, Grimsby, DN322
£51003/240.59 miHeneage Road, Grimsby2
£48003/240.59 miWillingham Street, Grimsby2
£48003/240.59 miWillingham Street, Grimsby2

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

0.99 miles away

Nearest school

0.20 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Price changed to £70,000

March 8, 2025

Price changed to £75,950

November 21, 2024

Listed for £79,950

October 14, 2024

Sold for £28,500

1999

Sold for £30,000

1997

Sold for £16,250

1997

Floor Plans

Description

  • Perfect First Home / Investment Opportunity +
  • Two Double Bedrooms +
  • New Boiler +
  • Short Walk To Amenities +
  • Can Be Sold With Tenants In Situ +
  • Gas Fired Central Heating System +
  • Secured Rear Garden +
  • Good Schools Catchment Area +
  • Council Tax Band A +

Farrow Estate Agents are delighted to offer to the market this two bedroomed mid terrace home located on Patrick Street, close to local shopping amenities and bus routes to Grimsby town centre.
This would be perfect for a young couple or first time buyer but would also appeal to landlord investors as it does have a valid gas safety certificate and electrical installation condition report.
Pleasantly presented throughout it comprises entrance hallway, spacious living room, separate dining rom, kitchen with modern units with integrated appliances (oven, hob, extractor), two bedrooms and bathroom with white three piece suite.
It has the benefit of uPVC double glazing and gas fired central heating system.
Gardens to front and rear. The rear garden is fortified with 6ft wooden fencing surrounding all sides.

Entrance Hallway -

Living Room - 3.45m x 3.38m (11'4 x 11'1) -

Dining Room - 4.34m x 3.78m (14'3 x 12'5) -

Kitchen - 5.16m x 2.67m (16'11 x 8'9) -

Landing -

Bedroom 1 - 4.24m x 3.40m (13'11 x 11'2) -

Bedroom 2 - 3.81m x 2.77m (12'6 x 9'1) -

Bathroom - 3.10m x 2.51m (10'2 x 8'3) -

Front & Rear Gardens -

Agent Details

Farrow Estate Agent Ltd, Grimsby

01472 907517

Next Steps?

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