3 Bed Terraced House, Refurb/BRRR, Grimsby, DN34 4AR, £75,000

Wentworth Road, Grimsby, Lincolnshire, DN34 4AR - 24 views - 4 months ago

Refurb/BRRR
Negative Equity
ROI: 3%
~93 m²
+10 photos

ValuationOvervalued











Investment Opportunity



































Property History

Price changed to £75,000

November 18, 2024

Listed for £70,000

-16%

November 13, 2024

Sold for £81,250

2006

Sold for £33,000

1999

Floor Plans

Description

  • Three bedrooms +
  • Substantial garden space +
  • UPVC double glazed windows +
  • Combi boiler +
  • Quiet neighbourhood +
  • Close to amenities +
  • On-road parking +
  • Investment opportunity +
  • Potential rental income +
  • Excellent local schools +

Presenting for sale, a three-bedroom mid-terraced house that offers a fantastic first-time buyer or investment opportunity. Although in need of some tender loving care, this property holds a wealth of potential for the right buyer.

The interior provides a well-sized reception room, perfect for relaxation or entertainment, and a separate kitchen ready for the new owner to make their mark. The property boasts three bedrooms, including two double and one single, accommodating a variety of living situations. A three-piece bathroom suite serves these rooms, further enhancing the home's practical appeal.

The property is enhanced further with UPVC double glazed windows and a combi boiler, which contribute to its EPC rating of 'D'. The council tax falls within band 'A', another attractive feature for potential buyers.

One of the standout features of this property is the substantial garden space, complete with an outbuilding. This outdoor area provides a blank canvas with vast potential for landscaping or extension, subject to necessary permissions.

The property's location is a key selling point, situated within a quiet neighbourhood with excellent local schools and close proximity to amenities. Added to this, the on-road parking facility adds convenience for residents.

As an investment, this property could potentially generate a rental income of £650 pcm upon completion of refurbishment works, indicating a gross yield of approximately 11.1%. This is an opportunity not to be missed for buyers seeking a rewarding project with promising returns.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

GRI240471/2

Agent Details

Reeds Rains, Grimsby

01472 404505

Next Steps?

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