3 Bed Semi-Detached House, Single Let, Grimsby, DN31 2DR, £90,000

37 Cromwell Avenue, Grimsby, North East Lincolnshire, DN31 2DR - 1 views - 5 months ago

BTL
ROI: 5%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£60K - £210K
Sold Prices/m²£706/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£104,327
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£462 - £995

Rent Estimate

£510

Running Costs/mo

£403

Cashflow/mo

£107

Cashflow/yr

£1,281

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £60K to £210K, average is £92.3K. £706/m² to £2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£98K05/210.04 mi14, Cheshire Walk, Grimsby, North East Lincolnshire DN37 9AR3
£89.5K06/220.05 mi29, Campbell Grove, Grimsby, North East Lincolnshire DN37 9AH3
£88K05/210.06 mi12, St Chads Walk South, Grimsby, North East Lincolnshire DN37 9JZ3
£90K06/220.1 mi60, Melrose Way, Grimsby, North East Lincolnshire DN37 9HZ3
£78K04/210.1 mi13, Melrose Way, Grimsby, North East Lincolnshire DN37 9HZ3
£80K06/210.12 mi8, Saltergate, Grimsby, North East Lincolnshire DN37 9LD3
£82K04/210.12 mi80, Queensway, Grimsby, North East Lincolnshire DN37 9AY3
£90K04/210.12 mi9, Whitgift Way, Grimsby, North East Lincolnshire DN37 9AJ3
£87.5K11/210.14 mi3, Buckfast Close, Grimsby, North East Lincolnshire DN37 9HY3
£105K12/200.14 mi12, Loft Avenue, Grimsby, North East Lincolnshire DN37 9AG3
£114.5K08/220.14 mi11, St Chads Gate, Grimsby, North East Lincolnshire DN37 9LH3
£90K12/200.15 mi50, Cheshire Walk, Grimsby, North East Lincolnshire DN37 9AP3
£92K05/210.15 mi50, Cheshire Walk, Grimsby, North East Lincolnshire DN37 9AP3
£95.5K05/230.15 mi54, Cheshire Walk, Grimsby, North East Lincolnshire DN37 9AP3
£76K03/210.15 mi2, Ravenscar Road, Grimsby, North East Lincolnshire DN37 9LQ3
£90K12/220.15 mi7, Ravenscar Road, Grimsby, North East Lincolnshire DN37 9LQ3
£91K07/220.17 mi18, Binbrook Way, Grimsby, North East Lincolnshire DN37 9AS3
£110K04/230.17 mi12, Queensway, Grimsby, North East Lincolnshire DN37 9BB3
£70K11/200.17 mi40, Binbrook Way, Grimsby, North East Lincolnshire DN37 9AS3
£60K01/210.19 mi11, Cranwell Drive, Grimsby, North East Lincolnshire DN37 9LU3
£92K11/230.19 mi38, Tintern Walk, Grimsby, North East Lincolnshire DN37 9JG3
£70K10/200.19 mi51, Westerdale Way, Grimsby, North East Lincolnshire DN37 9BZ3
£75K03/210.19 mi57, Westerdale Way, Grimsby, North East Lincolnshire DN37 9BZ3
£90K01/210.19 mi17, Queensway, Grimsby, North East Lincolnshire DN37 9BD3
£70K02/210.21 mi18, Ampleforth Avenue, Grimsby, North East Lincolnshire DN37 9AA3
£96K03/210.21 mi22, Ampleforth Avenue, Grimsby, North East Lincolnshire DN37 9AA3
£92.5K06/210.21 mi1, Bransdale Way, Grimsby, North East Lincolnshire DN37 9BL3
£65K11/200.21 mi646, Cromwell Road, Grimsby, North East Lincolnshire DN37 9JE3
£100K07/220.22 mi9, Stokesley Walk, Grimsby, North East Lincolnshire DN37 9BH3
£110K09/230.23 mi28, Ampleforth Avenue, Grimsby, North East Lincolnshire DN37 9AB3
£70K11/200.23 mi47, Eskdale Way, Grimsby, North East Lincolnshire DN37 9EB3
£75K06/230.23 mi24, Tintern Walk, Grimsby, North East Lincolnshire DN37 9JF3
£65K01/210.23 mi46, Ampleforth Avenue, Grimsby, North East Lincolnshire DN37 9AD3
£99K05/210.26 mi610, Cromwell Road, Grimsby, North East Lincolnshire DN37 9JQ3
£88K09/230.26 mi616, Cromwell Road, Grimsby, North East Lincolnshire DN37 9JQ3
£93.5K06/220.27 mi620, Cromwell Road, Grimsby, North East Lincolnshire DN37 9JQ3
£160K02/230.31 mi63, Anderby Drive, Grimsby, North East Lincolnshire DN37 9ET3
£160K11/200.35 mi18, Larmour Road, Grimsby, North East Lincolnshire DN37 9HH3
£134K12/210.36 mi52, Calver Crescent, Grimsby, North East Lincolnshire DN37 9EX3
£148.5K10/210.36 mi10, Calver Crescent, Grimsby, North East Lincolnshire DN37 9EX3
£177K10/220.37 mi6, Waby Close, Grimsby, North East Lincolnshire DN37 9HL3
£155K01/230.39 mi13, Ashby Close, Grimsby, North East Lincolnshire DN37 9HJ3
£147K11/220.39 mi10, Ashby Close, Grimsby, North East Lincolnshire DN37 9HJ3
£152K12/200.39 mi7, Ashby Close, Grimsby, North East Lincolnshire DN37 9HJ3
£155K04/210.39 mi13, Ashby Close, Grimsby, North East Lincolnshire DN37 9HJ3
£97.5K03/210.39 mi22, Newbury Avenue, Great Coates, Grimsby, North East Lincolnshire DN37 9NQ3
£142.5K05/210.41 mi60, Larmour Road, Grimsby, North East Lincolnshire DN37 9HG3
£189.9K06/230.42 mi46, Woad Lane, Great Coates, Grimsby, North East Lincolnshire DN37 9NE3
£135K10/210.42 mi44, Woad Lane, Great Coates, Grimsby, North East Lincolnshire DN37 9NE3
£210K04/230.43 mi61, Station Road, Great Coates, Grimsby, North East Lincolnshire DN37 9NL3

Local Rents

51 rents from £462/mo to £995/mo, average is £645/mo.

RentDateDistanceAddressBeds 
£60003/240.17 mi-3
£62503/240.17 miWingate Road, Grimsby, Lincolnshire, DN373
£89502/250.5 mi-3
£89512/240.54 miOsprey Drive, Grimsby3
£59007/230.64 mi-3
£62505/240.64 miSpring Bank, Grimsby3
£60005/240.64 mi-3
£99502/250.65 mi-3
£65012/240.66 mi-3
£69511/230.66 mi-3
£82503/240.68 miSilver Birch Place, Grimsby, DN343
£63503/240.7 miTyler Avenue, Grimsby3
£70004/240.72 miToothill Gardens, Grimsby, North East Lincs, DN34 3
£65003/240.72 miRoseveare Avenue, Grimsby3
£67504/240.74 miRoseveare Avenue, Grimsby, Lincolnshire, DN313
£62511/240.74 mi-3
£62505/240.74 miSpring Bank, Grimsby, DN343
£65001/250.75 mi-3
£99005/240.81 miMacaulay Park, Grimsby, DN313
£52508/240.84 mi-3
£62502/240.85 mi-3
£69503/240.86 miAshtree Avenue, Grimsby3
£79503/240.87 mi-3
£79510/240.88 mi-3
£67507/230.89 mi-3
£72503/240.91 miSanctuary Way, Grimsby, DN373
£62510/240.93 mi-3
£85012/240.94 miDefender Drive, Grimsby, Lincolnshire, DN373
£89512/240.95 miSt. Nicholas Drive, Wybers Wood, Grimsby, DN373
£49503/240.96 miElsenham Road, Grimsby3
£70004/250.97 mi-3
£55003/240.97 miLancaster Avenue, Grimsby3
£64007/231 mi-3
£46212/231.01 mi-3
£64508/241.01 mi-3
£65003/241.01 miMacaulay Street, Grimsby, DN313
£68004/241.01 mi-3
£63001/241.01 mi-3
£64009/241.01 mi-3
£57501/241.01 mi-3
£57501/241.01 mi-3
£85010/241.02 mi-3
£60004/241.03 mi-3
£80004/251.03 mi-3
£60003/241.04 miLawrence Street, Grimsby3
£73004/251.04 mi-3
£67007/231.05 mi-3
£55004/241.08 miCorporation Road, Grimsby3
£56303/241.09 mi-3
£56307/241.09 mi-3
£55004/241.09 miLord Street, Grimsby3

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

1.53 miles away

Nearest school

0.20 miles away

Nearest train station

1.59 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £90,000

November 27, 2024

Sold for £79,950

2004

Sold for £32,000

2000

Floor Plans

Description

  • VIDEO VIEWING AVAILABLE +
  • Substantial 3 Bedroom House +
  • Currently Let At £700 PCM +
  • Excellent First Time Purchase Or Investment +
  • Kitchen-Diner & 2 Reception Rooms +
  • Front & Rear Gardens +
  • uPVC Double Glazing +
  • Gas Central Heating System +

A substantial 3 bedroom mid terraced house, located in close proximity to Grimsby town centre.
Offering flexible internal space with 2 reception rooms and a kitchen diner on the ground floor, this could be a perfect first time home.
Alternatively, the property is currently let at £700PCM representing a yield of 9.3% at the current asking price making this an excellent addition to any buy to let investors portfolio.
Viewing is highly advised.

Agent Details

Jackson Green & Preston, Grimsby

01472 404357

Next Steps?

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