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

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Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£13,750£13,750
Stamp Duty & Legal Fees	£2,850£2,850
Total Cash In	£16,600£16,600

Cash Out
Rent Range	£462 - £990£462 - £990
Rent Estimate	£495
Running Costs/mo	£291£291
Cashflow/mo	£204£204
Cashflow/yr	£2,450£2,450
ROI	15%15%
Gross Yield	11%11%

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Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£595	03/24	0.02 mi	Corporation Road, Grimsby	3	Terraced House
£550	04/24	0.02 mi	Corporation Road, Grimsby	3	Terraced House
£525	03/24	0.11 mi	Corporation Road, Grimsby	3	Flat
£595	03/24	0.15 mi	James Street, Grimsby, South Humberside, DN31	3	Terraced House
£630	01/24	0.15 mi	-	3	Terraced House
£640	09/24	0.15 mi	-	3	Terraced House
£563	01/24	0.16 mi	-	3	Terraced House
£563	04/24	0.16 mi	-	3	Terraced House
£485	03/24	0.18 mi	Henry Street, Grimsby, DN31 2JB	3	Terraced House
£560	06/24	0.2 mi	-	3	Terraced House
£495	03/24	0.2 mi	Elsenham Road, Grimsby	3	Terraced House
£600	03/24	0.2 mi	Lawrence Street, Grimsby	3	Terraced House
£550	04/24	0.21 mi	Lord Street, Grimsby	3	Terraced House
£645	08/24	0.22 mi	-	3	Terraced House
£525	03/24	0.23 mi	Haycroft Street, Grimsby	3	Terraced House
£930	03/24	0.25 mi	Macaulay Park, Grimsby, DN31	3	Semi-Detached House
£625	10/24	0.25 mi	-	3	Terraced House
£930	03/24	0.26 mi	Macaulay Park, Grimsby, DN31	3	Semi-Detached House
£625	02/24	0.26 mi	-	3	Terraced House
£955	03/24	0.27 mi	Macaulay Park, Grimsby, DN31	3	Detached House
£965	03/24	0.27 mi	Macaulay Park, Grimsby, DN31	3	Detached House
£965	03/24	0.27 mi	Macaulay Park, Grimsby, DN31	3	Detached House
£625	02/24	0.28 mi	-	3	Terraced House
£625	02/24	0.28 mi	-	3	Terraced House
£625	04/24	0.28 mi	-	3	Terraced House
£930	03/24	0.28 mi	Macaulay Park, Grimsby, DN31	3	Semi-Detached House
£930	03/24	0.28 mi	Macaulay Park, Grimsby, DN31	3	Semi-Detached House
£563	03/24	0.3 mi	-	3	Terraced House
£563	07/24	0.3 mi	-	3	Terraced House
£680	04/24	0.3 mi	-	3	Terraced House
£650	03/24	0.3 mi	Macaulay Street, Grimsby, DN31	3	Flat
£462	12/23	0.31 mi	-	3	Terraced House
£525	08/24	0.32 mi	-	3	Terraced House
£990	05/24	0.33 mi	Macaulay Park, Grimsby, DN31	3	Semi-Detached House
£575	03/24	0.35 mi	Airedale Way, Grimsby	3	Terraced House
£600	04/24	0.36 mi	-	3	Terraced House
£550	03/24	0.36 mi	Lancaster Avenue, Grimsby	3	Terraced House
£535	03/24	0.37 mi	Ripon Street, Grimsby, N E Lincolnshire, DN31	3	Terraced House
£675	11/24	0.4 mi	-	3	Terraced House
£495	07/23	0.4 mi	-	3	Terraced House
£600	10/24	0.43 mi	-	3	Terraced House
£625	03/24	0.43 mi	Tennyson Street, Grimsby, DN31	3	Semi-Detached House
£625	04/24	0.43 mi	-	3	Semi-Detached House
£550	03/24	0.45 mi	Anderson Street, Grimsby	3	Terraced House
£940	04/24	0.46 mi	Macaulay Park, Grimsby, DN31	3	Semi-Detached House
£990	04/24	0.46 mi	Macaulay Park, Grimsby, DN31	3	Detached House
£575	01/24	0.47 mi	-	3	Terraced House
£575	01/24	0.47 mi	-	3	Terraced House
£650	01/25	0.47 mi	-	3	Terraced House
£850	10/24	0.47 mi	-	3	Terraced House
£675	04/24	0.48 mi	Roseveare Avenue, Grimsby, Lincolnshire, DN31	3	Terraced House
£990	04/24	0.49 mi	Macaulay Park, Grimsby, DN31	3	Semi-Detached House

Local Area Statistics

Population in DN31	9,5989,598
Population in Grimsby	124,581124,581
Town centre distance	1.01 miles away1.01 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.69 miles away0.69 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	-4%-4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+23%+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?

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

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ValuationUndervalued

CashflowsOpen in Analyser

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Local Area Statistics

Property History

Description

Agent Details

Next Steps?

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Cashflows

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