2 Bed Flat, Single Let, Grimsby, DN33 3SS, £80,000

29 Pennistone Place, Grimsby, North East Lincolnshire, DN33 3SS - 2 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£35K - £177.5K
Sold Prices/m²£556/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£91,339
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£495 - £780

Rent Estimate

£550

Running Costs/mo

£380

Cashflow/mo

£170

Cashflow/yr

£2,040

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £35K to £177.5K, average is £90K. £556/m² to £2.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£73.3K08/210 mi21, Pennistone Place, Scartho Top, Grimsby, North East Lincolnshire DN33 3SS2
£65K11/200.01 mi21, Pennistone Place, Scartho Top, Grimsby, North East Lincolnshire DN33 3SS2
£65K11/200.01 mi21, Pennistone Place, Scartho Top, Grimsby, North East Lincolnshire DN33 3SS2
£65K11/200.01 mi21, Pennistone Place, Scartho Top, Grimsby, North East Lincolnshire DN33 3SS2
£74K05/210.01 mi15, Pennistone Place, Scartho Top, Grimsby, North East Lincolnshire DN33 3SS2
£65K11/200.01 mi21, Pennistone Place, Scartho Top, Grimsby, North East Lincolnshire DN33 3SS2
£74K05/210.01 mi15, Pennistone Place, Scartho Top, Grimsby, North East Lincolnshire DN33 3SS2
£65K11/200.01 mi21, Pennistone Place, Scartho Top, Grimsby, North East Lincolnshire DN33 3SS2
£43K08/210.31 mi32, Pinewood Crescent, Grimsby, North East Lincolnshire DN33 1RB2
£43K08/210.31 mi32, Pinewood Crescent, Grimsby, North East Lincolnshire DN33 1RB2
£50K06/220.35 mi42, Columbus Way, Grimsby, North East Lincolnshire DN33 1RT2
£100K11/210.69 mi20, Briar Lane, Grimsby, North East Lincolnshire DN33 3LS2
£73K04/230.79 mi11, Waddington Place, Grimsby, North East Lincolnshire DN34 5HS2
£80K04/220.79 mi20, Coningsby Drive, Grimsby, North East Lincolnshire DN34 5HG2
£70.5K02/230.79 mi22, Coningsby Drive, Grimsby, North East Lincolnshire DN34 5HG2
£35K11/210.79 mi10, Coningsby Drive, Grimsby, North East Lincolnshire DN34 5HG2
£61K10/220.87 mi468a, Laceby Road, Grimsby, North East Lincolnshire DN34 5NU2
£80K08/231.01 mi9, St Johns Court, Grimsby, North East Lincolnshire DN34 5TE2
£95K11/221.01 mi7, St Johns Court, Grimsby, North East Lincolnshire DN34 5TE2
£80K06/211.01 mi3, St Johns Court, Grimsby, North East Lincolnshire DN34 5TE2
£67.5K05/211.03 mi20, Queens Court, Grimsby, North East Lincolnshire DN34 5TT2
£102.5K08/221.03 mi9, Queens Court, Grimsby, North East Lincolnshire DN34 5TT2
£90K12/221.03 mi20, Queens Court, Grimsby, North East Lincolnshire DN34 5TT2
£84K05/221.03 mi19, Queens Court, Grimsby, North East Lincolnshire DN34 5TT2
£100K03/211.03 mi12, Kings Court, Grimsby, North East Lincolnshire DN34 5TS2
£87K12/211.03 mi5, Kings Court, Grimsby, North East Lincolnshire DN34 5TS2
£90K11/211.03 mi14, Clare Court, Grimsby, North East Lincolnshire DN34 5UU2
£170K08/221.19 mi73a, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PL2
£90K12/201.21 mi22, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£100K03/231.21 mi12, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£90K12/201.21 mi22, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£127.5K06/221.21 mi6, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£98K06/221.22 mi17, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£107K10/221.22 mi1, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£120K11/211.34 mi4c, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0HP2
£110K05/221.34 mi8, Selmeston Court, Grimsby, North East Lincolnshire DN34 4TB2
£130K10/221.35 mi4, St James Court, Grimsby, North East Lincolnshire DN34 4SX2
£91K01/211.35 mi19, St James Court, Grimsby, North East Lincolnshire DN34 4SX2
£125K03/231.35 mi3, St James Court, Grimsby, North East Lincolnshire DN34 4SX2
£90K05/211.44 mi16, Abbey Park Mews, Grimsby, North East Lincolnshire DN32 0JA2
£105K10/221.47 mi2, Holly Mews, Grimsby, North East Lincolnshire DN34 4GL2
£104.5K11/221.47 mi8, Holly Mews, Grimsby, North East Lincolnshire DN34 4GL2
£121.5K05/211.48 miFlat D, Field House, Pelham Road, Grimsby, North East Lincolnshire DN34 4UF2
£177.5K10/201.48 miFlat F, Field House, Pelham Road, Grimsby, North East Lincolnshire DN34 4UF2
£142K05/231.48 miFlat D, Field House, Pelham Road, Grimsby, North East Lincolnshire DN34 4UF2
£42.5K01/211.53 mi71a, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DN2
£129.9K05/211.53 mi24, Grosvenor Crescent, Grimsby, Humberside DN32 0QJ2
£136K11/201.53 mi7, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£108K09/211.53 mi3, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£87K10/221.53 mi54, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2

Local Rents

10 rents from £495/mo to £780/mo, average is £668/mo.

RentDateDistanceAddressBeds 
£65003/240.19 mi-2
£68503/240.25 miPatchett Close, Scartho Top, Grimsby, Lincolnshire, DN332
£72004/240.27 miWalsh Gardens, Scartho Top, Grimsby, NE Lincolnshire, DN332
£49501/240.34 mi-2
£50001/250.34 mi-2
£70003/240.36 miFenwick Road, Scartho Top, Grimsby2
£78008/240.43 mi-2
£55003/240.57 miSecond Avenue, Grimsby2
£55003/240.57 miSecond Avenue, Grimsby2
£75005/240.58 miBramley Close, Scartho2

Local Area Statistics

Population in DN33

19,406

Population in Grimsby

124,581

Town centre distance

1.17 miles away

Nearest school

0.30 miles away

Nearest train station

1.71 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £80,000

November 8, 2024

Sold for £60,000

2008

Floor Plans

Description

  • Two double bedrooms +
  • Open-plan lounge and kitchen +
  • Modern bathroom +
  • Allocated parking space +
  • Popular Scartho Top location +
  • Leasehold property with affordable service charge +

Nestled in the sought-after Scartho Top area of Grimsby, this modern two-bedroom ground-floor apartment offers a blend of style and convenience. Upon entering the property, you are welcomed by a spacious entrance hallway, which sets the tone for the rest of the home. The open-plan living space is a standout feature, combining a bright and airy lounge with a contemporary fitted kitchen. The kitchen boasts sleek worktops, ample storage, and integrated appliances, making it both practical and aesthetically pleasing—perfect for entertaining guests or enjoying a quiet evening at home.

Both bedrooms are generously sized, allowing plenty of room for double beds and additional furniture. The master bedroom benefits from built-in wardrobes, offering plenty of storage space while maintaining a sleek and tidy appearance. The second bedroom is equally spacious, ideal for guests, a home office, or even as a children's room.

The stylish, modern bathroom is well-appointed with high-quality fixtures, including a bath with overhead shower, a modern sink unit, and a low-level WC. The neutral, contemporary décor throughout the apartment ensures it is move-in ready, with the flexibility to add personal touches.

Externally, the property includes an allocated parking space, ensuring easy parking at any time. The apartment is part of a well-maintained development, offering a safe and welcoming environment for residents. Situated in the heart of Scartho Top, the property is within easy reach of essential amenities, including the recently opened Aldi supermarket, local schools, healthcare facilities, and green spaces. With excellent transport links nearby, access to Grimsby town centre and beyond is quick and straightforward, making it an ideal location for commuters.

This property is perfect for first-time buyers, investors looking for a solid rental opportunity, or those wishing to downsize into a low-maintenance home in a prime location. With its modern design, convenient location, and spacious layout, this apartment truly offers the best of both comfort and practicality.

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You can secure this property with an optional reservation deposit of £2,500. This forms part of the property's total purchase price and is not an additional fee. The deposit draws up a legally binding exclusivity agreement which gives exclusive rights to purchase the property within an agreed timeframe.

The reservation deposit guarantees that the seller will remove their property from the market as soon as the offer is accepted and the deposit is paid. This means that the property is reserved for you, giving you time to complete the sale without the risk of being gazumped.

The fixed exclusivity period (typically 8-10 weeks) allows you to prepare financing, surveys and property searches with the confidence that you aren't wasting money on a sale that may fall through.

Speak to one of our property specialists about our reservation deposit scheme to find out more.

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These particulars, whilst believed to be accurate, are set out as a general outline and are only intended as guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. No person employed by SmoothSale has the authority to make or give any representation or warranty in respect of the property. Photographs are reproduced for general information and it must not be inferred that any item shown is included for sale with the property. Prospective purchasers are advised to inspect the property and commission an expert report where appropriate.

Agent Details

SmoothSale, Leeds

0117 463 2797

Next Steps?

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