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

Sold Prices£40K - £122K
Sold Prices/m²£449/m² - £1.4K/m²

 

 

Square Metres

~93 m²
Price/m²£591/m²

Value Estimate

£68,750
BMV25%

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 Sold Prices

50 sold prices from £40K to £122K, average is £69K. £449/m² to £1.4K/m², average is £830/m².

PriceDateDistanceAddressBeds 
£59K06/210.02 mi249, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£90K11/220.02 mi237, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£56K02/210.04 mi10, Beeson Grove, Grimsby, Humberside DN31 2QJ3
£50K08/210.04 mi6, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£75K08/210.04 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£43K10/200.04 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£54K02/210.05 mi13, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£47K01/230.06 mi121, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£50K06/230.11 mi22, Dunmow Street, Grimsby, North East Lincolnshire DN31 2RE3
£47K10/200.11 mi185, Corporation Road, Grimsby, North East Lincolnshire DN31 2PY3
£68K06/230.11 mi30, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RN3
£47K09/200.12 mi14, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QR3
£68K02/230.12 mi28, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QR3
£50K05/210.12 mi57, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RL3
£65K12/220.12 mi93, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RU3
£84K12/220.12 mi100, Boulevard Avenue, Grimsby, North East Lincolnshire DN31 2JH3
£40K10/200.13 mi25, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QP3
£60K03/210.14 mi33, Joseph Street, Grimsby, North East Lincolnshire DN31 2NU3
£95K01/220.16 mi35, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£60K07/230.16 mi66, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PA3
£75K02/230.17 mi144, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£70K02/230.18 mi140, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£100K02/230.18 mi196, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£65K04/210.18 mi176, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£83K12/200.19 mi26, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£88K01/210.19 mi33a, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£80K06/210.2 mi46, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PB3
£46K06/210.21 mi153, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£122K02/230.21 mi117, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£62K06/230.22 mi97, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£55K05/210.22 mi97, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£55K05/210.22 mi113, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£90K12/220.24 mi46, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£78.5K07/210.24 mi62, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£120K09/210.24 mi78, Frederick Street, Grimsby, North East Lincolnshire DN31 1XQ3
£60K02/210.26 mi71, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£76K05/210.26 mi36, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£93K12/220.26 mi1, Harlow Street, Grimsby, North East Lincolnshire DN31 2QX3
£117K09/230.26 mi17, Freshney Drive, Grimsby, North East Lincolnshire DN31 1TN3
£87K12/200.27 mi44, Lister Street, Grimsby, North East Lincolnshire DN31 2JG3
£90K12/220.27 mi54, Arthur Street, Grimsby, North East Lincolnshire DN31 2HT3
£74.5K12/220.27 mi164, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RP3
£47K09/200.27 mi126, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RP3
£86K07/210.28 mi59, Arthur Street, Grimsby, North East Lincolnshire DN31 2HT3
£70K07/210.29 mi27, Lister Street, Grimsby, Humberside DN31 2HZ3
£56K05/210.31 mi73, Haycroft Street, Grimsby, North East Lincolnshire DN31 2HR3
£82.5K01/230.31 mi220, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EJ3
£64K04/230.32 mi141, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RR3
£85K01/230.32 mi215, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£74.3K03/230.32 mi207, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3

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?

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