3 Bed Terraced House, Single Let, Grimsby, DN31 2PZ, £55,000

Corporation Road, Grimsby, Lincolnshire, DN31 2PZ - 5 views - 4 months ago

Sold STC
BTL
ROI: 15%
~93 m²
+4 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£2,850

Total Cash In

£16,600

 

 

Cash Out

 

Rent Range

£462 - £990

Rent Estimate

£495

Running Costs/mo

£291

Cashflow/mo

£204

Cashflow/yr

£2,450

ROI

15%

Gross Yield

11%













Local Rents

52 rents from £462/mo to £990/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£59503/240.02 miCorporation Road, Grimsby3
£55004/240.02 miCorporation Road, Grimsby3
£52503/240.11 miCorporation Road, Grimsby3
£59503/240.15 miJames Street, Grimsby, South Humberside, DN313
£63001/240.15 mi-3
£64009/240.15 mi-3
£56301/240.16 mi-3
£56304/240.16 mi-3
£48503/240.18 miHenry Street, Grimsby, DN31 2JB3
£56006/240.2 mi-3
£49503/240.2 miElsenham Road, Grimsby3
£60003/240.2 miLawrence Street, Grimsby3
£55004/240.21 miLord Street, Grimsby3
£64508/240.22 mi-3
£52503/240.23 miHaycroft Street, Grimsby3
£93003/240.25 miMacaulay Park, Grimsby, DN313
£62510/240.25 mi-3
£93003/240.26 miMacaulay Park, Grimsby, DN313
£62502/240.26 mi-3
£95503/240.27 miMacaulay Park, Grimsby, DN313
£96503/240.27 miMacaulay Park, Grimsby, DN313
£96503/240.27 miMacaulay Park, Grimsby, DN313
£62502/240.28 mi-3
£62502/240.28 mi-3
£62504/240.28 mi-3
£93003/240.28 miMacaulay Park, Grimsby, DN313
£93003/240.28 miMacaulay Park, Grimsby, DN313
£56303/240.3 mi-3
£56307/240.3 mi-3
£68004/240.3 mi-3
£65003/240.3 miMacaulay Street, Grimsby, DN313
£46212/230.31 mi-3
£52508/240.32 mi-3
£99005/240.33 miMacaulay Park, Grimsby, DN313
£57503/240.35 miAiredale Way, Grimsby3
£60004/240.36 mi-3
£55003/240.36 miLancaster Avenue, Grimsby3
£53503/240.37 miRipon Street, Grimsby, N E Lincolnshire, DN313
£67511/240.4 mi-3
£49507/230.4 mi-3
£60010/240.43 mi-3
£62503/240.43 miTennyson Street, Grimsby, DN313
£62504/240.43 mi-3
£55003/240.45 miAnderson Street, Grimsby3
£94004/240.46 miMacaulay Park, Grimsby, DN313
£99004/240.46 miMacaulay Park, Grimsby, DN313
£57501/240.47 mi-3
£57501/240.47 mi-3
£65001/250.47 mi-3
£85010/240.47 mi-3
£67504/240.48 miRoseveare Avenue, Grimsby, Lincolnshire, DN313
£99004/240.49 miMacaulay Park, Grimsby, DN313

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

1.01 miles away

Nearest school

0.30 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £55,000

November 29, 2024

Description

  • 3 Bedrooms +
  • Mid Terrace Property +
  • Ideal Investment +
  • Updating Required +
  • No Forward Chain +
  • Grimsby Location +
  • Viewing Essential +
  • EPC Rating - D, Council Tax Band - A +

IDEAL INVESTMENT. Offered for sale with No Forward Chain! This 3 bedroom Mid Terrace Property is in need of refurbishment which is an ideal investment opportunity. Located in Grimsby, the property is close to Grimsby Town Centre and easy access to the A180 Motorway.  Internal accommodation briefly comprises of: Entrance Hallway, Through Lounge and Kitchen. Upstairs are 3 Bedrooms and Bathroom. On street parking is available. If the property has been done to a good standard it is the agents opinion that a rent in the region of £595pcm could be achieved.

Agent Details

Pygott & Crone, Grimsby

01472 404413

Next Steps?

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