3 Bed Semi-Detached House, Refurb/BRRR, Grimsby, DN36 5PL, £208,000

High Street, North Thoresby, Grimsby, DN36 5PL - 5 months ago

Refurb/BRRR
ROI: 4%
~93 m²
+24 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£198,478

 

 

End Value (After Refurb)

£202,797

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,000

Stamp Duty & Legal Fees

£13,260

Refurb Costs

£37,609

Bridging Loan Interest

£5,460

Total Cash In

£110,079

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£202,797

Mortgage (After Refinance)

£152,098

Mortgage LTV

75%

Cash Left In

£110,079

Equity

£50,699

Rent Range

£550 - £2,500

Rent Estimate

£1,256

Running Costs/mo

£905

Cashflow/mo

£351

Cashflow/yr

£4,213

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £125.5K to £365K, average is £194K. £1.4K/m² to £4.6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£220K06/210.08 miWychwood, High Street, North Thoresby, Grimsby, Lincolnshire DN36 5PL3
£193K11/210.08 miDurley, High Street, North Thoresby, Grimsby, Lincolnshire DN36 5PL3
£215K07/210.08 miMollann, High Street, North Thoresby, Grimsby, Lincolnshire DN36 5PL3
£189.9K07/210.08 miFoxleigh, High Street, North Thoresby, Grimsby, Lincolnshire DN36 5PL3
£175K07/220.25 mi1, Old Plumtree Lane, North Thoresby, Grimsby, Lincolnshire DN36 5QF3
£162.5K12/220.34 mi7, Marfleet Corner, North Thoresby, Grimsby, Lincolnshire DN36 5RH3
£165K07/230.34 mi11, Robinsons Lane, North Thoresby, Grimsby, Lincolnshire DN36 5QY3
£197K11/220.35 mi20, Robinsons Lane, North Thoresby, Grimsby, Lincolnshire DN36 5QY3
£237.5K04/210.38 mi1, Mumby Close, North Thoresby, Grimsby, Lincolnshire DN36 5RL3
£225K09/210.38 mi2, Mumby Close, North Thoresby, Grimsby, Lincolnshire DN36 5RL3
£365K12/200.61 miTanglin, Station Road, North Thoresby, Grimsby, Lincolnshire DN36 5QS3
£235K08/232.21 miConifer, Thoresby Road, Tetney, Grimsby, Lincolnshire DN36 5JR3
£190K11/202.21 miThe Rise, Thoresby Road, Tetney, Grimsby, Lincolnshire DN36 5JL3
£287.5K11/232.24 miRone, School Lane, Tetney, Grimsby, Lincolnshire DN36 5JJ3
£237.5K04/212.24 miSpringfield House, School Lane, Tetney, Grimsby, Lincolnshire DN36 5JJ3
£270K12/202.28 miKirkfield House, Town Road, Tetney, Grimsby, Lincolnshire DN36 5JD3
£335K01/232.28 mi4, Todds Close, Tetney, Grimsby, Lincolnshire DN36 5LD3
£140K08/212.32 miChelston, Town Road, Tetney, Grimsby, Lincolnshire DN36 5JE3
£200K12/222.34 mi11, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5HN3
£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
£127K05/212.41 mi43, Beverley Close, Holton Le Clay, Grimsby, Lincolnshire DN36 5HG3
£240K11/212.44 mi99, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YF3
£228K03/232.44 mi83, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YF3
£196.5K11/212.46 mi90, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YE3
£175K03/212.46 mi68, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YE3
£193K12/222.46 mi37, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5EA3
£182.5K06/212.46 mi59, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5EA3
£155K05/212.46 mi13, South View, Holton Le Clay, Grimsby, Lincolnshire DN36 5BW3
£167K08/232.48 mi30, North End Road, Tetney, Grimsby, Lincolnshire DN36 5NA3
£125.5K03/212.48 mi4, North Holme, Tetney, Grimsby, Lincolnshire DN36 5NE3
£265K11/212.49 miChurch Cottage, Church Lane, Tetney, Grimsby, Lincolnshire DN36 5JX3
£195K01/212.49 miField House, Church Lane, Tetney, Grimsby, Lincolnshire DN36 5JX3
£140K11/212.5 mi7, Northway, Fulstow, Louth, Lincolnshire LN11 0XH3
£192K06/212.52 mi15, Grainsby Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BL3
£237.9K02/232.52 mi37, Grainsby Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BL3
£193K01/212.52 mi41, Grainsby Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BL3
£160K02/212.52 mi8, Casswell Crescent, Fulstow, Louth, Lincolnshire LN11 0XJ3
£155K02/232.55 mi1, Garthway, Holton Le Clay, Grimsby, Lincolnshire DN36 5DW3
£197.2K10/232.55 mi11, Holton Mount, Holton Le Clay, Grimsby, Lincolnshire DN36 5EB3
£212.5K01/232.55 mi16, Ashby Close, Holton Le Clay, Grimsby, Lincolnshire DN36 5BD3
£175K06/212.55 mi46, Pinfold Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5DN3
£232K03/232.57 mi46, Langton Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5BJ3
£150K08/222.58 mi5, Humberston Terrace, Tetney, Grimsby, Lincolnshire DN36 5LJ3
£232K09/232.59 mi6, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5DR3
£185K12/222.59 mi43, Langton Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5BH3
£267K02/232.6 mi3, Campions Close, Holton Le Clay, Grimsby, Lincolnshire DN36 5HF3
£210K06/232.61 mi14, Newstead Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BU3
£166.5K11/212.62 mi25, Holton Mount, Holton Le Clay, Grimsby, Lincolnshire DN36 5EH3
£166K06/212.63 mi13, Newstead Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BX3

Local Rents

9 rents from £550/mo to £2.5K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£1,65004/240.65 miStation Road, North Thoresby4
£2,50003/242.21 miThoresby Road, Tetney, DN365
£2,30004/242.22 miThe Barn, Thoresby Road, Tetney6
£1,20004/242.33 miTown Road, Tetney4
£92504/252.36 mi-4
£69506/242.38 miStarks Row , Fulstow2
£55011/232.41 mi-2
£59504/242.41 miBeverley Close, Holton-Le-Clay, Grimsby, DN362
£55505/242.41 mi-2

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

6.42 miles away

Nearest school

0.10 miles away

Nearest train station

6.73 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £208,000

February 8, 2025

Price changed to £215,000

January 11, 2025

Listed for £220,000

November 20, 2024

Floor Plans

Description

  • Quote Ref No.: JS0755 when booking to view. +
  • 1930's Semi-Detached House +
  • Retaining Plenty of Character +
  • Renovated with Modern Finishes +
  • Superb Kitchen & Quartz Worktops +
  • Two Reception Rooms & Three Bedrooms +
  • Modern Bathroom +
  • Beautiful Village Location +
  • Village Shops & Pubs +
  • Central for Louth & Grimsby +

**NEW PRICE FOR A QUICK SALE: This beautiful semi detached house retains much of it's 1930's character and charm but has also had a significant renovation, bringing quality modern finishes throughout. ** Set in the village of North Thoresby, which is central for both Louth and Grimsby. To one end of the village is Venney's bar & restaurant and the other end, The New Inn pub. The village also has convenience shops, a nursery and primary school, and a village hall at the centre. The property is a lovely, traditional 1930's semi detached house which has been renovated by the current owners, including a beautiful new kitchen and bathroom, as well as a re-wire. However, the renovation hasn't sacrificed any of the charm and character that you would expect from a house of this period, which includes a lovely stained glass inner front door. To the ground floor is a porch, hall, living room, dining room with a pantry, kitchen, rear lobby/utility and cloakroom. On the first floor are three bedrooms and the bathroom. Outside you will find good sized gardens. The front garden is large enough to incorporate a driveway, subject to the installation of a drop kerb. The rear garden is largely lawned, with a raised timber decked area and overlooks fields to the rear. This property is definitely worth a closer look, please quote Ref No.: JS0755 when booking to view. Porch Having a covered porch with double glazed doors. Entrance Hall You are greeted by a lovely, period door with stained glass inset, engineered Oak flooring which flows through to the dining and kitchen space. With stairs to the first floor and a small cupboard beneath. Living Room - 4.59m max into bay x 3.43m max (15'0" x 11'3") Having a double glazed bay window to the front, a beautiful feature fireplace, having potential for an open fire to be installed, and a radiator. Dining Room - 5.23m x 3.37m (17'1" x 11'0") A lovely, spacious dining room with the continued engineered Oak flooring, an exposed brick chimney breast, which would be perfect for a log burner, two double glazed windows and a radiator. There is a useful shelved pantry and the room has been made open plan to the superb fitted kitchen. Kitchen - 3.46m x 2.24m (11'4" x 7'4") A superb Howden's fitted kitchen, with rich 'Fir Green' coloured units which are complimented with beautiful white Quartz worktops that incorporate a breakfast bar area, extending in to the dining space, and also featuring a counter sunk Belfast style sink. There is also an integrated oven, hob and extractor above. The engineered Oak floor continues in to this room and there is a double glazed window and space for a fridge freezer. Utility/Rear Lobby A handy utility space with plumbing for a washing machine, space for a dryer and having a double glazed door to the garden. Cloakroom Just off the lobby, and handy for coming in from the garden, is this downstairs cloakroom, fitted with a low flush w.c. and having a double glazed window. Landing This first floor landing has a double glazed window. Bedroom 1 - 3.62m x 3.43m max (11'10" x 11'3") A good double room with a central chimney breast and wardrobes fitted to either side of the recess. Also having a radiator and double glazed window. Bedroom 2 - 3.35m max x 2.96m (10'11" x 9'8") Another good double room with a double glazed window, radiator and an airing cupboard with a how water cylinder. Bedroom 3 - 2.41m x 2.1m (7'10" x 6'10") A good single room with a radiator and double glazed window. Bathroom The bathroom is fitted with a modern white suite which comprises a bath with a shower over and glazed screen, a hand basin set within a vanity cabinet and a low flush w.c. Having a double glazed window, tiling to the walls and floor, and a radiator. Outbuilding Having a small brick outbuilding which contains the oil fired central heating boiler. Gardens Having good sized gardens to the front and rear, the front being currently lawned but having plenty of space for a driveway, subject to the installation of a drop kerb. The rear garden is largely laid to lawn and has a good sized decked area which is an ideal place to enjoy the late afternoon sun, and overlooks fields to the rear.

Agent Details

eXp UK, Yorkshire and The Humber

03304 609968

Next Steps?

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