3 Bed Terraced House, Single Let, Grimsby, DN31 1XP, £95,000

1 Ravenspurn Way, Grimsby, North East Lincolnshire, DN31 1XP - 4 months ago

BTL
ROI: 3%
~86 m²
+15 photos

ValuationOvervalued

Sold Prices£35K - £122K
Sold Prices/m²£489/m² - £1.4K/m²

 

 

Square Metres

~85.66 m²
Price/m²£1.1K/m²

Value Estimate

£67,045

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Total Cash In

£29,700

 

 

Cash Out

 

Rent Range

£462 - £990

Rent Estimate

£495

Running Costs/mo

£416

Cashflow/mo

£79

Cashflow/yr

£950

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £35K to £122K, average is £75K. £489/m² to £1.4K/m², average is £783/m².

PriceDateDistanceAddressBeds 
£117K09/230.05 mi17, Freshney Drive, Grimsby, North East Lincolnshire DN31 1TN3
£120K09/210.08 mi78, Frederick Street, Grimsby, North East Lincolnshire DN31 1XQ3
£58K10/200.13 mi15, Tennyson Street, Grimsby, North East Lincolnshire DN31 1RJ3
£70K02/230.14 mi140, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£75K02/230.15 mi144, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£80K06/210.16 mi46, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PB3
£65K07/210.17 mi58, Alexandra Road, Grimsby, North East Lincolnshire DN31 1RW3
£82K02/230.18 mi14, Somersby Street, Grimsby, North East Lincolnshire DN31 1TT3
£82K10/200.18 mi124, Alexandra Road, Grimsby, North East Lincolnshire DN31 1RN3
£71K08/230.18 mi150, Alexandra Road, Grimsby, North East Lincolnshire DN31 1RN3
£92K12/220.18 mi129, Fildes Street, Grimsby, North East Lincolnshire DN31 1TU3
£35K04/210.19 mi53, Alexandra Road, Grimsby, North East Lincolnshire DN31 1RD3
£80K09/230.2 mi63, Earl Street, Grimsby, North East Lincolnshire DN31 2PL3
£47K10/200.2 mi185, Corporation Road, Grimsby, North East Lincolnshire DN31 2PY3
£60K07/230.21 mi66, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PA3
£67.5K11/200.21 mi77, Lord Street, Grimsby, North East Lincolnshire DN31 2ND3
£95K09/230.23 mi11, Bemrose Way, Grimsby, North East Lincolnshire DN31 2JZ3
£73K04/230.25 mi19, Ripon Street, Grimsby, North East Lincolnshire DN31 2HG3
£45K02/210.25 mi13, Ripon Street, Grimsby, North East Lincolnshire DN31 2HG3
£51.5K02/210.25 mi13, Lord Street, Grimsby, North East Lincolnshire DN31 2LX3
£113K03/210.25 mi50, Earl Street, Grimsby, North East Lincolnshire DN31 2LZ3
£66K04/230.26 mi51, Veal Street, Grimsby, North East Lincolnshire DN31 2HF3
£121K12/220.27 mi25, Earl Street, Grimsby, North East Lincolnshire DN31 2NB3
£90K12/220.27 mi54, Arthur Street, Grimsby, North East Lincolnshire DN31 2HT3
£86K07/210.27 mi59, Arthur Street, Grimsby, North East Lincolnshire DN31 2HT3
£100K10/210.27 mi6, Chantry Close, Grimsby, North East Lincolnshire DN31 2JY3
£100K02/230.28 mi196, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£65K04/210.28 mi176, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£56K05/210.28 mi73, Haycroft Street, Grimsby, North East Lincolnshire DN31 2HR3
£46K06/210.28 mi153, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£122K02/230.28 mi117, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£80K04/210.28 mi39, Earl Street, Grimsby, North East Lincolnshire DN31 2NB3
£56K02/210.29 mi10, Beeson Grove, Grimsby, Humberside DN31 2QJ3
£60K03/210.29 mi33, Joseph Street, Grimsby, North East Lincolnshire DN31 2NU3
£95K11/220.29 mi8, Earl Street, Grimsby, North East Lincolnshire DN31 2NA3
£60K02/210.3 mi71, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£76K05/210.3 mi36, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£90K11/220.3 mi237, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£59K06/210.3 mi249, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£89K03/210.3 mi26, Earl Street, Grimsby, Humberside DN31 2NA3
£50K08/210.31 mi6, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£54K02/210.31 mi13, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£84K12/220.32 mi100, Boulevard Avenue, Grimsby, North East Lincolnshire DN31 2JH3
£75K08/210.32 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£43K10/200.32 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£90K12/220.32 mi46, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£90K09/200.32 mi7, Macaulay Street, Grimsby, North East Lincolnshire DN31 2DS3
£78.5K07/210.33 mi62, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£70K07/210.34 mi27, Lister Street, Grimsby, Humberside DN31 2HZ3
£47K01/230.36 mi121, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3

Local Rents

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

RentDateDistanceAddressBeds 
£93003/240.03 miMacaulay Park, Grimsby, DN313
£93003/240.03 miMacaulay Park, Grimsby, DN313
£57503/240.04 miAiredale Way, Grimsby3
£96503/240.04 miMacaulay Park, Grimsby, DN313
£96503/240.04 miMacaulay Park, Grimsby, DN313
£95503/240.05 miMacaulay Park, Grimsby, DN313
£93003/240.06 miMacaulay Park, Grimsby, DN313
£93003/240.07 miMacaulay Park, Grimsby, DN313
£49507/230.11 mi-3
£67511/240.12 mi-3
£60010/240.14 mi-3
£62503/240.15 miTennyson Street, Grimsby, DN313
£62504/240.15 mi-3
£99004/240.17 miMacaulay Park, Grimsby, DN313
£52503/240.18 miHaycroft Street, Grimsby3
£99003/240.18 miMacaulay Park, Grimsby, DN313
£94004/240.18 miMacaulay Park, Grimsby, DN313
£99004/240.18 miMacaulay Park, Grimsby, DN313
£55003/240.19 miAnderson Street, Grimsby3
£52503/240.2 miCorporation Road, Grimsby3
£99003/240.21 miMacaulay Park, Grimsby, DN313
£48503/240.23 miHenry Street, Grimsby, DN31 2JB3
£56301/240.23 mi-3
£56304/240.23 mi-3
£53503/240.24 miRipon Street, Grimsby, N E Lincolnshire, DN313
£56006/240.25 mi-3
£59503/240.26 miJames Street, Grimsby, South Humberside, DN313
£60004/240.27 miCartergate, Grimsby, Lincolnshire, DN313
£55004/240.27 miLord Street, Grimsby3
£62502/240.3 mi-3
£62502/240.3 mi-3
£62504/240.3 mi-3
£59503/240.3 miCorporation Road, Grimsby3
£56303/240.32 mi-3
£56307/240.32 mi-3
£60003/240.33 miLawrence Street, Grimsby3
£55004/240.33 miCorporation Road, Grimsby3
£64508/240.36 mi-3
£68004/240.38 mi-3
£65003/240.38 miMacaulay Street, Grimsby, DN313
£46212/230.39 mi-3
£60004/240.4 mi-3
£55003/240.45 miLancaster Avenue, Grimsby3
£63001/240.46 mi-3
£64009/240.46 mi-3
£57501/240.49 mi-3
£57501/240.49 mi-3
£85010/240.49 mi-3
£49503/240.51 miElsenham Road, Grimsby3
£79503/240.55 miManor Avenue, Grimsby, Lincolnshire, DN323
£99005/240.55 miMacaulay Park, Grimsby, DN313
£62510/240.57 mi-3

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

0.84 miles away

Nearest school

0.10 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £95,000

November 8, 2024

Floor Plans

Description

  • Ideal for first-time buyers and downsizers: Spacious three-bedroom terrace with comfortable living space. +
  • Inviting entrance: Features a convenient downstairs w/c and cosy lounge with a brick fireplace. +
  • Functional kitchen diner: Opens to the rear garden, enhancing practicality and outdoor enjoyment. +
  • Generous bedrooms: Two large double bedrooms and a spacious single bedroom on the first floor. +
  • Convenient location: Close to Grimsby Town Centre, schools, and amenities, with a 5-minute walk to a supermarket. +
  • No forward chain: Offers a seamless opportunity to move in or invest, with rental potential of approx. £7,200/year. +

Welcome to Ravenspurn Way, where this charming three-bedroom terrace is perfectly suited for both first-time buyers and downsizers. This spacious property provides a comfortable and functional living space that is ready to become a cherished home.

Upon entering, you are welcomed by an inviting entrance hall with a convenient downstairs w/c and stairs leading to the first floor. The lounge, featuring a characterful brick fireplace, offers a cosy retreat for relaxation. Adjacent to the lounge, the kitchen diner is thoughtfully designed with ample base and wall units, and it opens directly to the rear garden, enhancing both practicality and enjoyment of outdoor space.

Upstairs, the first floor features two generously sized double bedrooms along with a spacious single bedroom, ideal for families or those in need of additional space. A stylish family bathroom completes this level, providing comfort and convenience.

Outside, the property has a front lawn and a rear garden with a further lawn area, garage, and gated access to communal parking. A convenient walkway connecting Frederick Street and Corporation Road improves accessibility, and essential amenities, including a supermarket just a 5-minute walk away, add to the property’s appeal.

Located close to Grimsby Town Centre, the home offers easy access to schools for all age groups, making it a wonderful choice for families. For investors, there is also potential rental income of approximately £7,200 per year, subject to current compliance regulations.

This property is offered with no forward chain, presenting a seamless opportunity to make it your own. Don’t miss this fantastic chance to secure a home that combines comfort, convenience, and potential. Arrange your viewing today and imagine your future at Ravenspurn Way!

Agent Details

DDM Residential, Grimsby

01472 404591

Next Steps?

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