3 Bed Terraced House, Refurb/BRRR, Grimsby, DN32 7RP, £49,950

31154 Grafton Street, Grimsby, DN32 7RP - 15 views - 5 months ago

Sold STC
BTL
Refurb/BRRR
ROI: 7%
~93 m²
+19 photos

ValuationUndervalued

Sold Prices£40K - £120K
Sold Prices/m²£458/m² - £1.4K/m²

 

 

Square Metres

~93 m²
Price/m²£537/m²

Value Estimate

£56,100
BMV2%

 

 

End Value (After Refurb)

£68,526

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,488

Stamp Duty & Legal Fees

£2,850

Refurb Costs

£37,415

Bridging Loan Interest

£1,311

Total Cash In

£55,814

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£68,526

Mortgage (After Refinance)

£51,395

Mortgage LTV

75%

Cash Released

£13,932

Cash Left In

£41,881

Equity

£17,132

Rent Range

£475 - £850

Rent Estimate

£703

Running Costs/mo

£375

Cashflow/mo

£328

Cashflow/yr

£3,939

ROI

7%

Gross Yield

17%

Local Sold Prices

50 sold prices from £40K to £120K, average is £61.5K. £458/m² to £1.4K/m², average is £675/m².

PriceDateDistanceAddressBeds 
£46.5K08/210.06 mi51, Rutland Street, Grimsby, North East Lincolnshire DN32 7RS3
£50K12/200.09 mi108, Oxford Street, Grimsby, Humberside DN32 7PB3
£65K02/230.1 mi15, Duke Street, Grimsby, North East Lincolnshire DN32 7RU3
£45K08/210.12 mi64, Mansel Street, Grimsby, North East Lincolnshire DN32 7QX3
£60K01/230.12 mi45, Mansel Street, Grimsby, North East Lincolnshire DN32 7QX3
£49K12/200.12 mi64, Weelsby Street, Grimsby, North East Lincolnshire DN32 7RY3
£43K11/200.13 mi83, Stanley Street, Grimsby, North East Lincolnshire DN32 7LN3
£78K11/220.16 mi175, Hildyard Street, Grimsby, North East Lincolnshire DN32 7LX3
£65K01/210.16 mi5, Marlborough Close, Grimsby, North East Lincolnshire DN32 7JD3
£56K02/230.17 mi59, Tunnard Street, Grimsby, North East Lincolnshire DN32 7NA3
£66K02/230.19 mi150, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£56K05/210.2 mi15, Tunnard Street, Grimsby, North East Lincolnshire DN32 7LS3
£75K04/230.2 mi6, Tunnard Street, Grimsby, North East Lincolnshire DN32 7LS3
£50K12/200.2 mi3, Tunnard Street, Grimsby, North East Lincolnshire DN32 7LS3
£57K09/230.22 mi152, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£70.5K11/210.22 mi157, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£40K03/210.22 mi150, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£58K10/200.22 mi157, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£48K12/220.22 mi43, Harold Street, Grimsby, North East Lincolnshire DN32 7NB3
£52K05/210.23 mi18, Sussex Street, Cleethorpes, North East Lincolnshire DN35 7NP3
£70K01/230.23 mi49, Sussex Street, Cleethorpes, North East Lincolnshire DN35 7NW3
£92.5K08/230.23 mi60, Grimsby Road, Cleethorpes, North East Lincolnshire DN35 7AB3
£44K03/210.24 mi52, Harold Street, Grimsby, North East Lincolnshire DN32 7NB3
£77K05/210.24 mi23, Montague Street, Cleethorpes, North East Lincolnshire DN35 7AP3
£80K08/230.24 mi128, Park Street, Grimsby, North East Lincolnshire DN32 7NT3
£63K05/230.24 mi55, Sidney Street, Cleethorpes, North East Lincolnshire DN35 7NQ3
£40K12/200.25 mi50, Sidney Street, Cleethorpes, North East Lincolnshire DN35 7NQ3
£105K06/230.25 mi57, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RP3
£110K12/210.25 mi75, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RP3
£120K01/230.25 mi41, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RP3
£45K11/210.25 mi129, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ3
£50K04/210.25 mi94, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ3
£40K11/200.25 mi135, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ3
£45K01/210.26 mi194, Stanley Street, Grimsby, North East Lincolnshire DN32 7LH3
£42.2K06/210.26 mi9, Harold Street, Grimsby, North East Lincolnshire DN32 7LR3
£72.5K09/230.26 mi55, Clerke Street, Cleethorpes, North East Lincolnshire DN35 7NE3
£49K01/230.29 mi41, Castle Street, Grimsby, North East Lincolnshire DN32 7LW3
£50K11/210.29 mi71, Castle Street, Grimsby, North East Lincolnshire DN32 7LG3
£80K12/220.29 mi16, Harrington Street, Cleethorpes, North East Lincolnshire DN35 7AY3
£110K10/210.29 mi49a, Castle Street, Grimsby, North East Lincolnshire DN32 7LW3
£75K04/210.29 mi11, Johnson Street, Cleethorpes, North East Lincolnshire DN35 7NA3
£75K04/210.29 mi11, Johnson Street, Cleethorpes, North East Lincolnshire DN35 7NA3
£70K07/210.32 mi156, Castle Street, Grimsby, North East Lincolnshire DN32 7LA3
£77K03/210.32 mi56, Phelps Street, Cleethorpes, North East Lincolnshire DN35 7AS3
£51K02/210.32 mi18, Phelps Street, Cleethorpes, North East Lincolnshire DN35 7AS3
£80K11/200.32 mi85, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NN3
£80K06/230.32 mi85, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NN3
£59K01/210.32 mi293, Wellington Street, Grimsby, North East Lincolnshire DN32 7JU3
£88K01/210.33 mi144, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NU3
£100K12/220.33 mi160, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NU3

Local Rents

50 rents from £475/mo to £850/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£60012/240.02 mi-3
£85001/250.03 mi-3
£80004/250.03 mi-3
£57503/240.05 miStanley St, Grimsby, DN323
£60002/250.06 mi-3
£80002/250.09 mi-3
£75004/250.09 mi-3
£65002/250.1 mi-3
£60012/230.1 mi-3
£75004/250.11 mi-3
£59503/250.15 mi-3
£54003/250.17 mi-3
£70004/250.18 mi-3
£75004/250.18 mi-3
£80003/250.18 mi-3
£52504/240.22 mi33 Harold Street, Grimsby3
£63001/250.23 mi-3
£57501/250.23 mi-3
£59503/240.24 miMontague Street, Grimsby3
£53004/240.24 miMontague Street, Cleethorpes3
£49503/240.24 miSidney Street, Cleethorpes, DN35 7NQ3
£52503/240.25 miMontague Street, Cleethorpes, Lincolnshire, DN353
£47503/240.25 miHarold Street, Grimsby3
£60003/250.26 mi-3
£60004/250.26 mi-3
£54003/240.26 miClerke Street, Cleethorpes3
£57503/240.27 miTaylor Street, Cleethorpes3
£57501/240.27 mi-3
£78004/250.27 mi-3
£55004/240.29 miWeelsby Street, Grimsby, DN323
£57501/240.29 mi-3
£65003/250.29 mi-3
£62011/230.3 mi-3
£62002/250.3 mi-3
£65004/250.31 mi-3
£57503/240.32 miPhelps Street3
£55001/240.34 mi-3
£56503/240.34 miDaubney Street, Cleethorpes3
£65002/240.35 mi-3
£62502/250.35 mi-3
£62503/240.35 mi-3
£60003/240.35 mi-3
£60003/240.35 miDaubney St, Cleethorpes, DN353
£72503/250.35 mi-3
£75002/250.35 mi-3
£53503/240.36 miWellington Street, Grimsby3
£69503/240.36 miDaubney Street3
£62503/240.36 mi168 Barcroft Street, Cleethorpes3
£62503/240.36 mi168 Barcroft Street, Cleethorpes3
£74003/250.37 mi-3

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

1.68 miles away

Nearest school

0.20 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Price changed to £49,950

January 7, 2025

Listed for £55,000

November 29, 2024

Floor Plans

Description

  • Perfect Buy To Let Opportunity +
  • Ideal First Property +
  • Gas Central Heating +
  • 3 Good Sized Bedrooms +
  • Refurbishment Works Required +
  • Good Schools Catchment Area +
  • Short Walk To Amenities +
  • Easy Access To Cleethorpes Sea Front +

Offered to the market with No Chain and found in this popular and convenient Grimsby location is this traditional 3 bedroom family home.
Although in need of some refurbishment, this property will be a perfect first home or buy to let opportunity.
The spacious accommodation on offer briefly comprises of an entrance hall with stairs leading to the first floor, a generously sized living room, separate dining room and fitted kitchen with ample space for appliances and downstairs bathroom.
To the first floor is designed to hold 3 principal bedrooms, all of which are doubles.
Externally, it benefits from a low maintenance and enclosed rear garden with laid to lawn and small patio area providing the perfect space for soaking up the summer sun and entertaining.
With gas central heating and double glazing throughout.

Entrance Hallway -

Lounge - 3.91m x 3.33m (12'10 x 10'11) -

Dining Room - 4.11m x 3.33m (13'6 x 10'11) -

Kitchen - 4.60m x 2.41m (15'1 x 7'11) -

Bathroom - 2.41m x 1.93m (7'11 x 6'4) -

Landing -

Bedroom 1 - 5.11m x 3.84m (16'9 x 12'7) -

Bedroom 2 - 4.19m x 3.18m (13'9 x 10'5) -

Bedroom 3 - 4.60m x 2.41m (15'1 x 7'11) -

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 💪