3 Bed Bungalow, Refurb/BRRR, Grimsby, DN36 4PL, £220,000

Pemberton Drive, New Waltham, N E Lincs, DN36 4PL - 1 views - 6 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£132K - £343K
Sold Prices/m²£1.7K/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£210,357

 

 

End Value (After Refurb)

£198,008

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£37,609

Bridging Loan Interest

£5,775

Total Cash In

£107,934

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£198,008

Mortgage (After Refinance)

£148,506

Mortgage LTV

75%

Cash Left In

£107,934

Equity

£49,502

Rent Range

£725 - £1,250

Rent Estimate

£920

Running Costs/mo

£823

Cashflow/mo

£97

Cashflow/yr

£1,167

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £132K to £343K, average is £188.5K. £1.7K/m² to £3.1K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£230K05/210.08 mi10, Lindisfarne Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QB3
£255K04/230.08 mi15, Lindisfarne Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QB3
£240K12/220.14 mi415, Louth Road, New Waltham, Grimsby, North East Lincolnshire DN36 4PX3
£255K06/230.18 mi258, Station Road, New Waltham, Grimsby, North East Lincolnshire DN36 4PE3
£285K12/220.22 mi17, Maple Grove, New Waltham, Grimsby, North East Lincolnshire DN36 4PU3
£155K02/210.23 mi1a, Barbican Way, New Waltham, Grimsby, North East Lincolnshire DN36 4YN3
£159K11/210.24 mi29, Farmhouse Mews, New Waltham, Grimsby, North East Lincolnshire DN36 4YA3
£195K08/230.25 mi46, Pretymen Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4PB3
£182.5K11/200.25 mi44, Charles Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4PD3
£190K10/230.26 mi31, Pretymen Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4NU3
£200K10/230.26 mi51, Pretymen Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4NU3
£170K05/210.27 mi21, Greenlands Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4YE3
£200K08/230.33 mi11, Margaret Place, New Waltham, Grimsby, North East Lincolnshire DN36 4NR3
£190K09/210.34 mi3, Roladan Close, New Waltham, Grimsby, North East Lincolnshire DN36 4BL3
£175K10/220.35 mi22, David Place, New Waltham, Grimsby, North East Lincolnshire DN36 4NT3
£215K11/200.38 mi17, Pendeen Close, New Waltham, Grimsby, North East Lincolnshire DN36 4GQ3
£140K06/210.4 mi13, Station Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QS3
£149K03/230.41 mi16, Holme Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QN3
£132K03/210.41 mi16, Holme Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QN3
£220K06/210.41 mi8, St Clements Way, New Waltham, Grimsby, North East Lincolnshire DN36 4GU3
£270K01/210.47 mi5, Strathmore Court, New Waltham, Grimsby, North East Lincolnshire DN36 4BS3
£184K11/220.48 mi32, Janton Court, New Waltham, Grimsby, North East Lincolnshire DN36 4LL3
£188.5K06/210.51 mi2, Findlay Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4QP3
£195K02/230.55 mi5, Wayside Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4LW3
£188K01/210.58 mi56, Priors Close, New Waltham, Grimsby, North East Lincolnshire DN36 4RA3
£185K08/210.59 mi50, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4NB3
£190K05/210.59 mi42, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4NB3
£157K10/230.6 mi3, Baron Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NF3
£188.5K12/220.6 mi4, Braeton Lane, Grimsby, North East Lincolnshire DN33 2LE3
£200K03/210.61 mi16, Moorland Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4NQ3
£190K11/210.63 mi83, Peaks Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4LP3
£259.5K03/210.64 mi63, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4LZ3
£187.5K11/200.64 mi89, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4LZ3
£206.5K06/230.64 mi77, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4LZ3
£155K07/210.64 mi13, Earl Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NE3
£195K04/230.64 mi15, Earl Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NE3
£250K01/230.68 mi39, Mellor Way, New Waltham, Grimsby, North East Lincolnshire DN36 4GW3
£185K01/230.69 mi34, Eastfield Avenue, Grimsby, North East Lincolnshire DN33 2PD3
£167K03/210.69 mi33, Peterson Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4GZ3
£155K01/210.69 mi35, Peterson Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4GZ3
£168K11/200.7 mi104, Peaks Avenue, New Waltham, Grimsby, North Lincolnshire DN36 4LT3
£175K06/230.7 mi10, Eastfield Avenue, Grimsby, North East Lincolnshire DN33 2PD3
£145K11/200.7 mi34, Eastfield Avenue, Grimsby, North East Lincolnshire DN33 2PD3
£165K12/220.7 mi15, Eastfield Avenue, Grimsby, North East Lincolnshire DN33 2PD3
£173K02/230.71 mi33, Southern Walk, Grimsby, North East Lincolnshire DN33 2PF3
£140K04/210.73 mi33, Eastbourne Way, Grimsby, North East Lincolnshire DN33 2PH3
£279.9K09/210.75 mi3, Trafalgar Park, New Waltham, Grimsby, North East Lincolnshire DN36 4YP3
£343K07/210.75 mi41a, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4SW3
£315K10/220.79 mi7, Southfield Avenue, Grimsby, North East Lincolnshire DN33 2PB3
£165K11/200.83 mi4, Weelsby View, New Waltham, Grimsby, North East Lincolnshire DN36 4LX3

Local Rents

15 rents from £725/mo to £1.3K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£92503/240.17 miBecklands Avenue, New Waltham, Grimsby3
£99504/240.3 miWellington Avenue, New Waltham3
£1,00008/240.3 mi-3
£82502/240.3 mi-3
£89503/250.3 mi-3
£88504/240.42 miStation Avenue, New Waltham, Lincolnshire, DN363
£89503/240.71 miHarvey Walk, New Waltham, DN363
£89504/240.71 mi-3
£89505/240.71 miPeterson Drive, Grimsby, DN363
£87508/240.71 mi-3
£92503/240.86 miGreen Lane, Humberston, GRIMSBY3
£1,25003/240.97 miKemeshame Court, Waltham, Grimsby, DN373
£89503/241.05 miParklands Avenue, Humberston, Grimsby, Lincolnshire, DN363
£72510/231.15 mi-3
£95003/241.2 miSt. Giles Avenue, Scartho3

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

2.55 miles away

Nearest school

0.40 miles away

Nearest train station

2.90 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £220,000

October 16, 2024

Floor Plans

Description

  • Versatile 2/3 bedroom layout: Spacious lounge, flexible dining room/second bedroom, and a study/third bedroom. +
  • Low-maintenance outdoor spaces: Paved driveway and rear garden, perfect for easy upkeep. +
  • Lovingly maintained: Well-kept by current owners, with potential for modernisation. +
  • Village charm with urban convenience: Located in New Waltham, close to Grimsby and Lincolnshire’s scenic countryside. +
  • Family-friendly location: Quiet area with good schools, green spaces, and a strong community. +
  • Excellent transport links: Easy access to Grimsby town centre and the surrounding region. +

Detached 2/3 Bedroom Bungalow Offering Comfort, Versatility, and Tranquillity.

Discover the charm of this lovingly looked after 2/3 bedroom detached bungalow located on the peaceful Pemberton Drive in the desirable village of New Waltham.

Whether you're seeking a tranquil retreat or a versatile family home, this property provides a unique opportunity to enjoy spacious living with the potential to make it your own.

Property Highlights:
Spacious Lounge: A welcoming and airy space, perfect for relaxing or entertaining, with plenty of natural light flowing through large windows.

Breakfast Kitchen: Ideal for informal dining, this kitchen offers cupboard space and room for modern upgrades, giving you the opportunity to create your dream cooking space.

Double Master Bedroom: A generously sized main bedroom, perfect for a restful night’s sleep.

Dining Room/Bedroom Two: Offering flexibility, this room can be used as a formal dining space or easily converted into a second double bedroom to suit your needs.

Study/Bedroom Three: This cosy space is ideal for working from home, or it can be converted into a smaller third bedroom or nursery.

Shower Room: Featuring a functional layout, this bathroom offers potential for modernisation, ensuring both style and comfort.

Low Maintenance Outdoor Space: The property boasts a paved driveway and rear garden, offering ease of upkeep while providing space to relax or entertain outdoors.

Location: A Perfect Blend of Village Charm and Convenience
Situated in the heart of New Waltham, this bungalow is ideal for those seeking a peaceful, village lifestyle while remaining well-connected. The area is known for its family-friendly atmosphere, excellent local schools, and community spirit. Nearby, you’ll find green spaces perfect for walks, while the stunning Lincolnshire countryside and coastline are only a short journey away.

For those looking for urban conveniences, Grimsby town centre is just a short drive, offering a range of shopping, dining, and entertainment options. Whether you're commuting or simply exploring, New Waltham benefits from strong transport links, making travel around the region easy.

A Home Ready for Your Personal Touch
This bungalow has been lovingly cared for by its current owners and presents a fantastic opportunity for modernisation. With its versatile layout, spacious rooms, and convenient location, it’s a home you can easily adapt to your lifestyle and needs.

Whether you're looking to downsize, start a family, or simply enjoy single-level living, this property offers both comfort and potential.

Interested in making this lovely bungalow your next home?
Contact us today to arrange a viewing and explore the possibilities that await you on Pemberton Drive!

Agent Details

DDM Residential, Grimsby

01472 404591

Next Steps?

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