3 Bed Terraced House, Refurb/BRRR, Cleethorpes, DN35 7QB, £107,500

Fuller Street, Cleethorpes, DN35 7QB - 5 views - 6 months ago

BTL
Refurb/BRRR
ROI: 3%
~93 m²
+19 photos

ValuationOvervalued

Sold Prices£60K - £168K
Sold Prices/m²£670/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£93,912

 

 

End Value (After Refurb)

£110,000

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£26,875

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£37,567

Bridging Loan Interest

£2,822

Total Cash In

£73,513

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,000

Mortgage (After Refinance)

£82,500

Mortgage LTV

75%

Cash Released

£1,875

Cash Left In

£71,638

Equity

£27,500

Rent Range

£495 - £2,384

Rent Estimate

£724

Running Costs/mo

£509

Cashflow/mo

£215

Cashflow/yr

£2,585

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £60K to £168K, average is £92K. £670/m² to £2K/m², average is £971/m².

PriceDateDistanceAddressBeds 
£68.5K06/210.01 mi67, Fuller Street, Cleethorpes, North East Lincolnshire DN35 7QB3
£72.8K12/200.01 mi5, Fuller Street, Cleethorpes, North East Lincolnshire DN35 7QB3
£103K01/210.02 mi26, Fuller Street, Cleethorpes, North East Lincolnshire DN35 7QD3
£93.5K04/210.02 mi38, Fuller Street, Cleethorpes, North East Lincolnshire DN35 7QD3
£98K02/230.05 mi49, Neville Street, Cleethorpes, North East Lincolnshire DN35 7PZ3
£85K09/210.05 mi67, Neville Street, Cleethorpes, North East Lincolnshire DN35 7PZ3
£75.5K09/210.05 mi50, Manchester Street, Cleethorpes, North East Lincolnshire DN35 7QG3
£60K07/210.05 mi24, Manchester Street, Cleethorpes, North Lincolnshire DN35 7QE3
£60K07/210.07 mi24, Manchester Street, Cleethorpes, North Lincolnshire DN35 7QE3
£116K08/210.09 mi1, Wilson Street, Cleethorpes, Humberside DN35 7QF3
£120K11/230.13 mi108, Harrington Street, Cleethorpes, North East Lincolnshire DN35 7PX3
£136K12/220.14 mi33, Warneford Road, Cleethorpes, North East Lincolnshire DN35 7QL3
£112K08/230.14 mi19, Warneford Road, Cleethorpes, North East Lincolnshire DN35 7QL3
£80K08/210.14 mi7, Warneford Road, Cleethorpes, North East Lincolnshire DN35 7QL3
£135K12/220.14 mi50, Warneford Road, Cleethorpes, North East Lincolnshire DN35 7QL3
£93K02/230.14 mi12, Imperial Avenue, Cleethorpes, North East Lincolnshire DN35 7EQ3
£73K12/200.16 mi67, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7PU3
£90K07/210.16 mi59, Blundell Avenue, Cleethorpes, Humberside DN35 7PU3
£66K07/230.16 mi61, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7PU3
£118.5K06/230.17 mi6, Kathleen Avenue, Cleethorpes, North East Lincolnshire DN35 7JF3
£93K12/210.17 mi11, Ward Street, Cleethorpes, North East Lincolnshire DN35 7RB3
£80K03/210.17 mi70, Elliston Street, Cleethorpes, North East Lincolnshire DN35 7HU3
£65K12/200.18 mi6, Ward Street, Cleethorpes, North East Lincolnshire DN35 7RD3
£68K02/230.18 mi25, Elliston Street, Cleethorpes, North East Lincolnshire DN35 7HS3
£148K07/210.18 mi33, Garnett Street, Cleethorpes, North East Lincolnshire DN35 7HG3
£88K07/210.18 mi78, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7PT3
£100K02/230.19 mi19, Elliston Street, Cleethorpes, North East Lincolnshire DN35 7HS3
£115K06/210.19 mi9, Elliston Street, Cleethorpes, North East Lincolnshire DN35 7HS3
£85K10/210.19 mi9, Combe Street, Cleethorpes, North East Lincolnshire DN35 7RE3
£64K09/230.19 mi39, Combe Street, Cleethorpes, North East Lincolnshire DN35 7RE3
£90.5K02/210.19 mi21, Bramhall Street, Cleethorpes, North East Lincolnshire DN35 7QU3
£120K04/210.19 mi2, Bramhall Street, Cleethorpes, North East Lincolnshire DN35 7QU3
£92K03/210.19 mi9, Bramhall Street, Cleethorpes, North East Lincolnshire DN35 7QU3
£81K09/230.2 mi60, Combe Street, Cleethorpes, North East Lincolnshire DN35 7RF3
£81.5K05/230.2 mi29, Suggitts Lane, Cleethorpes, North East Lincolnshire DN35 7JG3
£133K02/230.2 mi17, Suggitts Lane, Cleethorpes, North East Lincolnshire DN35 7JG3
£122K03/230.2 mi28, Bramhall Street, Cleethorpes, North East Lincolnshire DN35 7QU3
£95K09/210.22 mi12, May Street, Cleethorpes, North East Lincolnshire DN35 7HH3
£165K09/210.22 mi34, Suggitts Lane, Cleethorpes, North East Lincolnshire DN35 7JJ3
£108K12/220.22 mi101, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7RH3
£80K05/230.23 mi54, Tiverton Street, Cleethorpes, North East Lincolnshire DN35 7PR3
£168K09/230.23 mi67, Suggitts Lane, Cleethorpes, North East Lincolnshire DN35 7JH3
£77K02/230.24 mi65, Hart Street, Cleethorpes, North East Lincolnshire DN35 7RQ3
£94K01/210.25 mi41, Lestrange Street, Cleethorpes, North East Lincolnshire DN35 7HF3
£65K11/200.25 mi107, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7RH3
£80K02/230.25 mi86, Tiverton Street, Cleethorpes, North East Lincolnshire DN35 7EE3
£92K09/230.26 mi269, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7QZ3
£95K04/210.26 mi301, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7QX3
£75K11/200.26 mi184, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RA3
£139.9K05/210.27 mi34, Hawthorne Avenue, Cleethorpes, North East Lincolnshire DN35 7JN3

Local Rents

50 rents from £495/mo to £2.4K/mo, average is £613/mo.

RentDateDistanceAddressBeds 
£60004/240.01 miFuller Street, Cleethorpes3
£75012/240.02 mi-3
£57503/240.03 miNeville Street, Cleethorpes3
£60004/240.03 miFuller St, Cleethorpes, DN353
£60005/240.03 mi-3
£59503/240.04 mi64 Neville Street, Cleethorpes3
£60012/240.05 mi-3
£60004/240.05 mi-3
£60012/240.05 mi-3
£75012/240.06 mi-3
£56003/240.07 miManchester Street, Cleethorpes!3
£65003/240.18 miBramhall Street, Cleethorpes3
£1,80002/240.18 mi-3
£1,80004/240.18 mi-3
£62503/240.18 miGarnett Street, Cleethorpes, Lincolnshire, DN353
£2,38403/240.18 miBlundell Avenue, Cleethorpes, Lincolnshire, DN353
£57504/240.21 miHart Street, Cleethorpes3
£55504/240.22 miHart St, Cleethorpes!3
£62504/240.23 mi-3
£59504/240.24 miHart Street, Cleethorpes3
£99503/250.28 mi-3
£62502/240.3 mi-3
£99502/250.34 mi-3
£69503/240.34 miDaubney Street3
£59503/240.34 miBarcroft Street, Cleethorpes, Lincolnshire, DN353
£51503/240.34 miBarcroft Street, Cleethorpes3
£74003/250.34 mi-3
£75002/240.35 mi-3
£67501/240.35 mi-3
£55001/240.35 mi-3
£62502/250.36 mi-3
£62503/240.36 mi-3
£67503/240.36 miBennett Road, Cleethorpes3
£1,50004/240.37 mi-3
£69503/250.38 mi-3
£57503/240.38 miPhelps Street3
£67503/240.4 miSimons Place, Cleethorpes3
£57505/240.4 miBarcroft Street, Cleethorpes3
£62503/240.43 mi168 Barcroft Street, Cleethorpes3
£62503/240.43 mi168 Barcroft Street, Cleethorpes3
£60003/250.43 mi-3
£49503/240.45 miSidney Street, Cleethorpes, DN35 7NQ3
£78004/250.46 mi-3
£56503/240.46 miDaubney Street, Cleethorpes3
£52503/240.46 miMontague Street, Cleethorpes, Lincolnshire, DN353
£59503/240.46 miMontague Street, Grimsby3
£60004/250.46 mi-3
£53004/240.46 miMontague Street, Cleethorpes3
£57503/240.47 miTaylor Street, Cleethorpes3
£76003/250.48 mi-3

Local Area Statistics

Population in DN35

34,530

Town centre distance

1.15 miles away

Nearest school

0.10 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+51%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £107,500

January 3, 2025

Listed for £110,000

October 20, 2024

Sold for £84,000

2009

Sold for £59,000

2004

Sold for £38,500

2003

Floor Plans

Description

  • Stunning three bedroom mid terraced home +
  • Modernised throughout & generously sized +
  • Sought after seaside resort of Cleethorpes +
  • No onward chain - early viewing highly recommended +
  • Open plan living/sitting/dining room & superb fitted kitchen +
  • Fantastic three piece family bathroom suite +
  • Three double bedrooms & large loft room +

Roost Estate Agents are pleased to bring this generously sized and beautifully presented three bedroom mid terraced home to the market.

Offered with no onward chain and boasting a full scheme of modernisation, this would make the perfect purchase for any first time buyer or buy to let investor - with internal viewing at an early stage coming highly recommended to ensure that you don't miss out!

Found in the sought after seaside resort of Cleethorpes, the property is ideally placed for a wide range of amenities, regular bus services and in catchment of well regarded schools.

Internally, the property briefly comprises of an entrance porch, hallway with stairs leading to the first floor, living room which opens up in to the spacious sitting/dining room, an attractive and fitted modern kitchen and a superb ground floor three piece family bathroom suite.

To the first floor there are three well sized double bedrooms and a fantastic loft room which is accessed via pull down ladders.

Externally, there is a low maintenance and enclosed rear garden which provides the perfect space for soaking up the summer sun and entertaining.

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 💪