4 Bed Bungalow, Refurb/BRRR, Grimsby, DN34 4TQ, £320,000

18 Augusta Close, Grimsby, DN34 4TQ - 4 months ago

Refurb/BRRR
159 m²
+17 photos

ValuationOvervalued

Sold Prices£82K - £467.5K
Sold Prices/m²£640/m² - £3.4K/m²

 

 

Square Metres

159 m²
Price/m²£2K/m²

Value Estimate

£251,685

 

 

End Value (After Refurb)

£278,795

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£80,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£64,430

Bridging Loan Interest

£8,400

Total Cash In

£175,280

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£278,795

Mortgage (After Refinance)

£209,096

Mortgage LTV

75%

Cash Left In

£175,280

Equity

£69,699

Rent Range

£535 - £2,000

Rent Estimate

£897

Running Costs/mo

£1,071

Cashflow/mo

£-174

Cashflow/yr

£-2,084

Gross Yield

3%

Local Sold Prices

50 sold prices from £82K to £467.5K, average is £250K. £640/m² to £3.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£425K02/230.03 mi8, Augusta Close, Grimsby, North East Lincolnshire DN34 4TF4
£410K09/210.06 mi35, Augusta Street, Grimsby, North East Lincolnshire DN34 4TH4
£410K03/210.07 mi15, Augusta Close, Grimsby, North East Lincolnshire DN34 4TG4
£375K09/220.07 mi11, Northumberland Close, Grimsby, North East Lincolnshire DN34 4TE4
£280K06/210.07 mi6, Augusta Oaks, Grimsby, North East Lincolnshire DN34 4UG4
£227.5K09/200.1 mi5, Heathfield Court, Grimsby, North East Lincolnshire DN34 4TW4
£245K04/230.15 mi47, Canterbury Drive, Grimsby, North East Lincolnshire DN34 4TS4
£190K02/210.15 mi37, Canterbury Drive, Grimsby, North East Lincolnshire DN34 4TS4
£325K10/200.17 mi36, Westward Ho, Grimsby, North East Lincolnshire DN34 5AE4
£189.5K01/210.21 mi36, St Anns Avenue, Grimsby, North East Lincolnshire DN34 4PW4
£245K11/220.25 mi1, Compton Drive, Grimsby, North East Lincolnshire DN34 4PB4
£165K04/210.27 mi6, The Close, Grimsby, North East Lincolnshire DN34 4PE4
£205K04/210.27 mi2, The Close, Grimsby, North East Lincolnshire DN34 4PE4
£265K05/220.3 mi10, Roundway, Grimsby, North East Lincolnshire DN34 5AS4
£129K01/230.31 mi21, Sackville Street, Grimsby, North East Lincolnshire DN34 4NX4
£145.5K09/200.33 mi2, Sackville Street, Grimsby, North East Lincolnshire DN34 4NX4
£250K04/220.33 mi102, Bargate, Grimsby, North East Lincolnshire DN34 5AB4
£242.5K12/210.33 mi58, Brighowgate, Grimsby, North East Lincolnshire DN32 0QW4
£350K10/200.34 mi101, Abbey Road, Grimsby, North East Lincolnshire DN32 0HN4
£250K08/230.37 mi30, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0EA4
£465K09/210.37 mi16, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0EA4
£305K10/220.37 mi46, Brighowgate, Grimsby, North East Lincolnshire DN32 0QW4
£209.9K07/230.37 mi14, Welholme Road, Grimsby, North East Lincolnshire DN32 0DU4
£405K05/210.39 mi51, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£467.5K07/220.39 mi45, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£425K08/230.39 mi53, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0DZ4
£177K03/220.4 mi12, Littlefield Lane, Grimsby, North East Lincolnshire DN31 2AZ4
£422K12/220.42 mi8, Bargate Avenue, Grimsby, North East Lincolnshire DN32 0ED4
£225K08/210.44 mi58, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PN4
£430K11/210.44 mi38, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PN4
£257.5K04/210.44 mi35, Laceby Road, Grimsby, North East Lincolnshire DN34 5BH4
£117K06/210.44 mi38, Wentworth Road, Grimsby, North East Lincolnshire DN34 4AR4
£149K09/210.45 mi19, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£157.5K07/210.45 mi23, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£178K06/230.45 mi5, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR4
£250K09/210.45 mi85, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PL4
£160K03/210.46 mi17, Littlefield Lane, Grimsby, North East Lincolnshire DN31 2LG4
£83K06/230.46 mi119, Milton Road, Grimsby, North East Lincolnshire DN33 1DD4
£330K11/220.49 mi2, Devonshire Avenue, Grimsby, North East Lincolnshire DN32 0BW4
£135K12/200.51 mi9, Abbey Drive East, Grimsby, North East Lincolnshire DN32 0HD4
£325K03/220.51 mi8, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PP4
£82K01/210.51 mi6, Harrison Street, Grimsby, North East Lincolnshire DN31 2DX4
£365K04/230.51 mi67, Bargate, Grimsby, North East Lincolnshire DN34 5BD4
£250K03/210.52 mi14, Lambert Road, Grimsby, North East Lincolnshire DN32 0HT4
£225K06/210.52 mi18, Lambert Road, Grimsby, North East Lincolnshire DN32 0HT4
£406.2K05/230.53 mi17, Park Drive, Grimsby, North East Lincolnshire DN32 0EF4
£194K10/200.54 mi18, Devonshire Avenue, Grimsby, North East Lincolnshire DN32 0BW4
£335K06/210.54 mi19, Devonshire Avenue, Grimsby, North East Lincolnshire DN32 0BW4
£350K04/210.54 mi21, Devonshire Avenue, Grimsby, North East Lincolnshire DN32 0BW4
£190K04/210.57 mi106, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0BP4

Local Rents

26 rents from £535/mo to £2K/mo, average is £763/mo.

RentDateDistanceAddressBeds 
£2,00004/240.08 miAugusta Street, Grimsby4
£85003/240.24 mi-3
£90004/240.26 miThe Cresta, Grimsby, N E Lincs, DN34 3
£77504/240.27 miBargate ( GF Front), Grimsby, North East Lincolnshire, DN343
£1,39503/240.33 miWelholme Avenue, Grimsby, DN324
£1,39503/240.33 miThe Curve, Welholme Avenue, Grimsby4
£1,39503/240.33 miThe Curve, Welholme Avenue, Grimsby4
£67007/230.34 mi-3
£1,39503/240.35 miThe Curve, Welholme Road, Grimsby4
£1,10004/240.37 miWelholme Road, Grimsby, Lincolnshire, DN323
£79503/240.43 miManor Avenue, Grimsby, Lincolnshire, DN323
£64007/230.44 mi-3
£75008/240.47 mi-3
£72508/240.49 mi-3
£85010/240.5 mi-3
£75001/240.5 mi-4
£75001/240.5 mi-4
£57501/240.5 mi-3
£57501/240.5 mi-3
£69503/240.53 miAshtree Avenue, Grimsby3
£79510/240.55 mi-3
£60004/240.57 miCartergate, Grimsby, Lincolnshire, DN313
£53503/240.59 miRipon Street, Grimsby, N E Lincolnshire, DN313
£60004/240.59 mi-3
£80003/240.61 miAinslie Street, Grimsby, DN324
£55003/240.61 miLancaster Avenue, Grimsby3

Local Area Statistics

Population in DN34

19,205

Population in Grimsby

124,581

Town centre distance

0.16 miles away

Nearest school

0.20 miles away

Nearest train station

0.58 miles away

 

 

Rental growth (12m)

-18%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £320,000

November 25, 2024

Floor Plans

Description

  • VIDEO VIEWING AVAILABLE +
  • 4/5 Bedroom Detached Bungalow +
  • 0.22 Acre Plot +
  • Ample Off-Road Parking +
  • Popular Central Position +
  • Garage & Car Port +
  • uPVC Double Glazing +
  • Gas Central Heating System +

An individually built 4/5 bedroom detached bungalow, located in the ever popular Augusta Close. Located within close proximity to Grimsby Town Centre, this property offers practicality for any generation of buyer.
Internally and externally, extraordinary space is offered with flexible accommodation and a near quarter of an acre plot.
Although in need of general modernisation, the price is reflective allowing a perspective buyer to create their own dream home.
Available with 'No Chain' viewing is a must for this rare opportunity.

Agent Details

Jackson Green and Preston, Grimsby

01472 404357

Next Steps?

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