3 Bed Bungalow, Refurb/BRRR, Grimsby, DN36 5QP, £240,000

CARLYON Station Road, Grimsby, Lincolnshire, DN36 5QP - 2 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²

ValuationOvervalued

Sold Prices£125.5K - £365K
Sold Prices/m²£1.4K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£188,548

 

 

End Value (After Refurb)

£215,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£37,609

Bridging Loan Interest

£6,300

Total Cash In

£114,059

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£215,750

Mortgage (After Refinance)

£161,813

Mortgage LTV

75%

Cash Left In

£114,059

Equity

£53,938

Rent Range

£550 - £2,500

Rent Estimate

£1,199

Running Costs/mo

£934

Cashflow/mo

£265

Cashflow/yr

£3,180

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £125.5K to £365K, average is £193K. £1.4K/m² to £4.6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£175K07/220.12 mi1, Old Plumtree Lane, North Thoresby, Grimsby, Lincolnshire DN36 5QF3
£165K07/230.13 mi11, Robinsons Lane, North Thoresby, Grimsby, Lincolnshire DN36 5QY3
£197K11/220.13 mi20, Robinsons Lane, North Thoresby, Grimsby, Lincolnshire DN36 5QY3
£162.5K12/220.15 mi7, Marfleet Corner, North Thoresby, Grimsby, Lincolnshire DN36 5RH3
£237.5K04/210.22 mi1, Mumby Close, North Thoresby, Grimsby, Lincolnshire DN36 5RL3
£225K09/210.22 mi2, Mumby Close, North Thoresby, Grimsby, Lincolnshire DN36 5RL3
£220K06/210.24 miWychwood, High Street, North Thoresby, Grimsby, Lincolnshire DN36 5PL3
£182.5K10/200.24 miClaridge, High Street, North Thoresby, Grimsby, Lincolnshire DN36 5PL3
£193K11/210.24 miDurley, High Street, North Thoresby, Grimsby, Lincolnshire DN36 5PL3
£215K07/210.24 miMollann, High Street, North Thoresby, Grimsby, Lincolnshire DN36 5PL3
£189.9K07/210.24 miFoxleigh, High Street, North Thoresby, Grimsby, Lincolnshire DN36 5PL3
£365K12/200.3 miTanglin, Station Road, North Thoresby, Grimsby, Lincolnshire DN36 5QS3
£235K08/231.98 miConifer, Thoresby Road, Tetney, Grimsby, Lincolnshire DN36 5JR3
£190K11/201.99 miThe Rise, Thoresby Road, Tetney, Grimsby, Lincolnshire DN36 5JL3
£287.5K11/232.02 miRone, School Lane, Tetney, Grimsby, Lincolnshire DN36 5JJ3
£237.5K04/212.02 miSpringfield House, School Lane, Tetney, Grimsby, Lincolnshire DN36 5JJ3
£335K01/232.05 mi4, Todds Close, Tetney, Grimsby, Lincolnshire DN36 5LD3
£270K12/202.07 miKirkfield House, Town Road, Tetney, Grimsby, Lincolnshire DN36 5JD3
£140K08/212.11 miChelston, Town Road, Tetney, Grimsby, Lincolnshire DN36 5JE3
£140K11/212.2 mi7, Northway, Fulstow, Louth, Lincolnshire LN11 0XH3
£160K02/212.23 mi8, Casswell Crescent, Fulstow, Louth, Lincolnshire LN11 0XJ3
£265K11/212.24 miChurch Cottage, Church Lane, Tetney, Grimsby, Lincolnshire DN36 5JX3
£195K01/212.24 miField House, Church Lane, Tetney, Grimsby, Lincolnshire DN36 5JX3
£167K08/232.28 mi30, North End Road, Tetney, Grimsby, Lincolnshire DN36 5NA3
£125.5K03/212.29 mi4, North Holme, Tetney, Grimsby, Lincolnshire DN36 5NE3
£165K10/202.3 mi13, Westlands Avenue, Tetney, Grimsby, Lincolnshire DN36 5LP3
£215K03/232.35 mi8, Southfield Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5YG3
£182K04/212.35 mi8, Southfield Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5YG3
£200K12/222.35 mi11, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5HN3
£150K08/222.38 mi5, Humberston Terrace, Tetney, Grimsby, Lincolnshire DN36 5LJ3
£127K05/212.42 mi43, Beverley Close, Holton Le Clay, Grimsby, Lincolnshire DN36 5HG3
£155K05/212.43 mi13, South View, Holton Le Clay, Grimsby, Lincolnshire DN36 5BW3
£240K11/212.43 mi99, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YF3
£228K03/232.43 mi83, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YF3
£196.5K11/212.45 mi90, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YE3
£175K03/212.45 mi68, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YE3
£193K12/222.47 mi37, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5EA3
£182.5K06/212.47 mi59, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5EA3
£192K06/212.48 mi15, Grainsby Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BL3
£237.9K02/232.48 mi37, Grainsby Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BL3
£193K01/212.48 mi41, Grainsby Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BL3
£212.5K01/232.5 mi16, Ashby Close, Holton Le Clay, Grimsby, Lincolnshire DN36 5BD3
£232K03/232.53 mi46, Langton Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5BJ3
£155K02/232.54 mi1, Garthway, Holton Le Clay, Grimsby, Lincolnshire DN36 5DW3
£175K06/212.55 mi46, Pinfold Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5DN3
£185K12/222.56 mi43, Langton Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5BH3
£197.2K10/232.56 mi11, Holton Mount, Holton Le Clay, Grimsby, Lincolnshire DN36 5EB3
£232K09/232.57 mi6, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5DR3
£210K06/232.58 mi14, Newstead Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BU3
£166K06/212.59 mi13, Newstead Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BX3

Local Rents

9 rents from £550/mo to £2.5K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£1,65004/240.33 miStation Road, North Thoresby4
£2,50003/241.98 miThoresby Road, Tetney, DN365
£2,30004/241.99 miThe Barn, Thoresby Road, Tetney6
£69506/242.08 miStarks Row , Fulstow2
£1,20004/242.12 miTown Road, Tetney4
£55011/232.42 mi-2
£59504/242.42 miBeverley Close, Holton-Le-Clay, Grimsby, DN362
£55505/242.42 mi-2
£75003/242.43 miHolton Road, Tetney, DN36 5LN2

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

6.48 miles away

Nearest school

0.20 miles away

Nearest train station

6.67 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £240,000

November 16, 2024

Sold for £160,000

2006

Floor Plans

Description

  • Detached bungalow located within a popular village +
  • Being sold with NO FORWARD CHAIN - Located off a shared driveway +
  • In need of a scheme of modernisation +
  • HEAT PUMP AND SOLAR PANELS +
  • Single detached with ample off road parking +
  • Private plot with gardens to all sides +
  • Lounge, dining room and kitchen - Three bedrooms and a bathroom +
  • Energy performance rating TBC and Council tax band D +

NO FORWARD CHAIN - SOLAR PANELS - HEAT PUMP - Crofts estate agents are delighted to offer for sale this spacious and versatile property which is located within a popular village location. Located with access off a shared driveway on Station Road, this secluded plot offers plenty of parking and private garden spaces. Requiring a scheme of modernisation, this property is expected to be popular and comes with viewing highly advised. The village boasts a variety of local amenities and internal viewing will reveal the spacious hallway, lounge, dining room, kitchen, three bedrooms and the bathroom. With a single garage, ample space for parking and gardens to all sides. The property also benefits from uPVC double glazing, solar panels and a heat pump.

Agent Details

Crofts Estate Agents, Cleethorpes

01472 404562

Next Steps?

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