Potential 4-Bed HMO, Grimsby, DN31 1RF, £95,000

109 Alexandra Road, Grimsby, North East Lincolnshire, DN31 1RF - 33 views - 4 months ago

Sold STC
HMO
ROI: 26%
~93 m²
+22 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Total Cash In

£27,800

 

 

Cash Out

 

Room Rate

£416

Gross Rent

£1,664

Running Costs/mo

£1,053

Cashflow/mo

£611

Cashflow/yr

£7,336

ROI

26%

Gross Yield

21%













Property History

Listed for £95,000

November 14, 2024

Sold for £70,000

2021

Sold for £29,250

2002

Sold for £16,000

2001

Floor Plans

Description

  • Ideal Property For HMO Investment +
  • Perfect First Home +
  • Brand New Boiler +
  • Gas Central Heating +
  • Short Walk To Amenities +
  • Grimsby Town Centre +
  • Two Spacious Bathrooms +
  • Easy Access To A180 Motorway +

This attractive 3 bedroom mid-terrace property is now offered to market with no forward chain. Located close to the Grimsby Town Centre, Alexandra Road stands only minutes away from a wealth of local amenities including a supermarket & Shopping Centre only around the corner.
The property is generously proportioned and has the added advantage of having been adapted to suit every aspect of modern convenience.
The ground floor consists of an open plan large reception room in the form of a stylish lounge / diner. To the rear of the property there is a fitted kitchen finished with high gloss fitted units. The wealth of counter and cupboard space is accompanied by the oven and hob. As well as a downstairs bathroom.
The first floor consists of 3 well-proportioned bedrooms and a stylish shower room. This clever use of the available space has enabled the preservation of vital bedroom space while ensuring the house has two available bathrooms.
Externally, the low maintenance rear garden offers ample space for relaxation.

Entrance Hallway -

Living Room - 3.61m x 3.40m (11'10 x 11'2) -

Dining Room - 3.91m x 3.40m (12'10 x 11'2) -

Kitchen - 4.47m x 2.69m (14'8 x 8'10) -

Bathroom 1 - 2.69m x 1.68m (8'10 x 5'6) -

Landing -

Bedroom 1 - 4.39m x 3.66m (14'5 x 12'0) -

Bedroom 2 - 3.73m x 2.62m (12'3 x 8'7) -

Bedroom 3 - 2.69m x 2.51m (8'10 x 8'3) -

Bathroom 2 - 1.83m x 1.73m (6'0 x 5'8) -

Rear Garden -

Agent Details

Farrow Estate Agent Ltd, Grimsby

01472 907517

Next Steps?

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

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