3 Bed Terraced House, Single Let, Grimsby, DN31 2RL, £55,000

Gilbey Road, Grimsby, Lincolnshire. DN31 2RL - 4 months ago

BTL
ROI: 14%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£40K - £122K
Sold Prices/m²£449/m² - £1.4K/m²

 

 

Square Metres

~93 m²
Price/m²£591/m²

Value Estimate

£68,200
BMV24%

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

£462 - £990

Rent Estimate

£495

Running Costs/mo

£291

Cashflow/mo

£204

Cashflow/yr

£2,450

ROI

14%

Gross Yield

11%

Local Sold Prices

50 sold prices from £40K to £122K, average is £68K. £449/m² to £1.4K/m², average is £831/m².

PriceDateDistanceAddressBeds 
£50K05/210.03 mi57, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RL3
£68K06/230.05 mi30, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RN3
£47K09/200.05 mi14, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QR3
£68K02/230.05 mi28, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QR3
£40K10/200.07 mi25, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QP3
£50K06/230.07 mi22, Dunmow Street, Grimsby, North East Lincolnshire DN31 2RE3
£65K12/220.07 mi93, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RU3
£62K06/230.07 mi97, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£55K05/210.07 mi97, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£55K05/210.07 mi113, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£93K12/220.12 mi1, Harlow Street, Grimsby, North East Lincolnshire DN31 2QX3
£47K01/230.12 mi121, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£74.5K12/220.13 mi164, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RP3
£47K09/200.13 mi126, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RP3
£75K08/210.15 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£43K10/200.15 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£50K08/210.15 mi6, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£54K02/210.16 mi13, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£59K06/210.16 mi249, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£90K11/220.17 mi237, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£64K04/230.17 mi141, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RR3
£56K02/210.18 mi10, Beeson Grove, Grimsby, Humberside DN31 2QJ3
£95K01/220.18 mi35, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£84K12/220.2 mi100, Boulevard Avenue, Grimsby, North East Lincolnshire DN31 2JH3
£83K12/200.2 mi26, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£88K01/210.2 mi33a, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£60K03/210.23 mi33, Joseph Street, Grimsby, North East Lincolnshire DN31 2NU3
£87K08/230.23 mi155, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RY3
£46K10/200.23 mi153, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RY3
£50K08/210.23 mi153, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RY3
£47K10/200.26 mi185, Corporation Road, Grimsby, North East Lincolnshire DN31 2PY3
£100K02/230.28 mi196, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£65K04/210.28 mi176, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£60K07/230.29 mi66, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PA3
£46K06/210.3 mi153, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£122K02/230.3 mi117, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£80K10/200.31 mi24, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA3
£95K11/200.31 mi35, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA3
£71K04/210.31 mi2, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA3
£90K09/220.31 mi12, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA3
£90K12/220.31 mi46, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£78.5K07/210.31 mi62, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£87K12/200.32 mi44, Lister Street, Grimsby, North East Lincolnshire DN31 2JG3
£75K02/230.32 mi144, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£70K02/230.33 mi140, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£80K06/210.33 mi46, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PB3
£60K02/210.34 mi71, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£76K05/210.34 mi36, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£70K07/210.36 mi27, Lister Street, Grimsby, Humberside DN31 2HZ3
£82.5K01/230.36 mi220, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EJ3

Local Rents

52 rents from £462/mo to £990/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£63001/240.06 mi-3
£64009/240.06 mi-3
£49503/240.07 miElsenham Road, Grimsby3
£62510/240.11 mi-3
£62502/240.12 mi-3
£55004/240.13 miCorporation Road, Grimsby3
£59503/240.16 miCorporation Road, Grimsby3
£52508/240.17 mi-3
£59503/240.25 miJames Street, Grimsby, South Humberside, DN313
£52503/240.26 miCorporation Road, Grimsby3
£99005/240.27 miMacaulay Park, Grimsby, DN313
£60003/240.27 miLawrence Street, Grimsby3
£64508/240.27 mi-3
£56301/240.28 mi-3
£56304/240.28 mi-3
£48503/240.3 miHenry Street, Grimsby, DN31 2JB3
£55004/240.3 miLord Street, Grimsby3
£56006/240.3 mi-3
£65003/240.35 miMacaulay Street, Grimsby, DN313
£68004/240.35 mi-3
£46212/230.36 mi-3
£52503/240.36 miHaycroft Street, Grimsby3
£62502/240.37 mi-3
£62502/240.37 mi-3
£62504/240.37 mi-3
£56303/240.38 mi-3
£56307/240.38 mi-3
£93003/240.4 miMacaulay Park, Grimsby, DN313
£55003/240.4 miLancaster Avenue, Grimsby3
£93003/240.4 miMacaulay Park, Grimsby, DN313
£60004/240.41 mi-3
£95503/240.42 miMacaulay Park, Grimsby, DN313
£96503/240.42 miMacaulay Park, Grimsby, DN313
£96503/240.42 miMacaulay Park, Grimsby, DN313
£65001/250.43 mi-3
£93003/240.43 miMacaulay Park, Grimsby, DN313
£93003/240.43 miMacaulay Park, Grimsby, DN313
£67504/240.43 miRoseveare Avenue, Grimsby, Lincolnshire, DN313
£65012/240.44 mi-3
£53503/240.48 miRipon Street, Grimsby, N E Lincolnshire, DN313
£57503/240.49 miAiredale Way, Grimsby3
£57501/240.51 mi-3
£57501/240.51 mi-3
£85010/240.51 mi-3
£65003/240.52 miRoseveare Avenue, Grimsby3
£63503/240.52 miTyler Avenue, Grimsby3
£69511/230.53 mi-3
£67511/240.55 mi-3
£49507/230.55 mi-3
£62510/240.55 mi-3
£62505/240.55 miSpring Bank, Grimsby, DN343
£59007/230.57 mi-3

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

1.10 miles away

Nearest school

0.10 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £55,000

November 6, 2024

Description

  • Guide Price £55,000 - £65,000 +
  • Excellent Investment Property +
  • Spacious 3 Bedroom Property +
  • Two Reception Rooms +
  • Upvc Windows and Doors +
  • Good Size Rear Garden +
  • Gas Central Heating +
  • Popular Residential Location +

GUIDE PRICE £55,000 - £65,000EXCELLENT INVESTMENT OPPORTUNITY** Spacious 3 bedroom mid terrace house in need of improvement but boasting gas central heating and fully double glazed upvc windows and doors. Briefly comprising: Entrance Hall, Two Receptions Rooms, Kitchen, Bathroom and Three Good Size Bedrooms. There is also a good size garden to the rear. Located in a popular residential area, close to local amenities, schools and served by excellent road links

Agent Details

Let's Move Sales and Lettings, Hull

01482 251802

Next Steps?

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