3 Bed Semi-Detached House, Refurb/BRRR, Grimsby, DN32 8QF, £230,000

32 Vivian Avenue, Grimsby, North East Lincolnshire, DN32 8QF - 2 views - 4 months ago

Refurb/BRRR
~93 m²
+21 photos

ValuationOvervalued

Sold Prices£100K - £393K
Sold Prices/m²£1.1K/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£174,253

 

 

End Value (After Refurb)

£215,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£37,415

Bridging Loan Interest

£6,038

Total Cash In

£110,803

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£215,000

Mortgage (After Refinance)

£161,250

Mortgage LTV

75%

Cash Left In

£110,803

Equity

£53,750

Rent Range

£515 - £2,000

Rent Estimate

£682

Running Costs/mo

£828

Cashflow/mo

£-146

Cashflow/yr

£-1,755

Gross Yield

4%

Local Sold Prices

50 sold prices from £100K to £393K, average is £182.5K. £1.1K/m² to £3.6K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£245K02/230.02 mi4, Vaughan Avenue, Grimsby, North East Lincolnshire DN32 8QD3
£225K03/230.04 mi17, Vivian Avenue, Grimsby, North East Lincolnshire DN32 8QF3
£263K06/210.04 mi14, Vivian Avenue, Grimsby, Humberside DN32 8QF3
£260K03/210.08 mi174, Weelsby Road, Grimsby, North East Lincolnshire DN32 8QQ3
£216K09/210.09 mi26, Ashridge Drive, Cleethorpes, North East Lincolnshire DN35 9NN3
£215K06/230.09 mi27, Ashridge Drive, Cleethorpes, North East Lincolnshire DN35 9NN3
£157.5K07/210.09 mi11, Ashridge Drive, Cleethorpes, North East Lincolnshire DN35 9NN3
£115K06/210.13 mi14, York Place, Cleethorpes, North East Lincolnshire DN35 9LW3
£273K07/230.17 mi16, Hunsley Crescent, Grimsby, North East Lincolnshire DN32 8PX3
£155K11/220.18 mi21, Welbeck Road, Cleethorpes, North East Lincolnshire DN35 9LX3
£291.4K09/210.18 mi45, Hunsley Crescent, Grimsby, North East Lincolnshire DN32 8PU3
£241.9K09/220.18 mi3, Hunsley Crescent, Grimsby, North East Lincolnshire DN32 8PU3
£128K07/230.21 mi13, Durham Road, Cleethorpes, North East Lincolnshire DN35 9LU3
£105K06/210.21 mi17, Durham Road, Cleethorpes, North East Lincolnshire DN35 9LU3
£112K12/200.21 mi17, Durham Road, Cleethorpes, North East Lincolnshire DN35 9LU3
£130K07/210.21 mi135, Davenport Drive, Cleethorpes, North East Lincolnshire DN35 9NH3
£279.9K12/210.21 mi38, Ashridge Drive, Cleethorpes, North East Lincolnshire DN35 9NL3
£235K02/230.22 mi18, Thirkleby Crescent, Grimsby, North East Lincolnshire DN32 8PZ3
£215K08/230.22 mi10, Thirkleby Crescent, Grimsby, North East Lincolnshire DN32 8PZ3
£325K09/210.22 mi30, Thirkleby Crescent, Grimsby, North East Lincolnshire DN32 8PZ3
£260K06/230.22 mi22, Thirkleby Crescent, Grimsby, North East Lincolnshire DN32 8PZ3
£325K04/230.22 mi1, Heron Close, Grimsby, North East Lincolnshire DN32 8PW3
£131K05/230.23 mi27, Chatsworth Place, Cleethorpes, North East Lincolnshire DN35 9NG3
£185K06/210.24 mi6, Wellgarth, Grimsby, North East Lincolnshire DN32 8QP3
£217.5K07/230.27 mi15, Goldgarth, Grimsby, North East Lincolnshire DN32 8QS3
£215K04/220.28 mi8, Silvergarth, Grimsby, North East Lincolnshire DN32 8QR3
£180K10/200.28 mi8, Silvergarth, Grimsby, North East Lincolnshire DN32 8QR3
£375K10/200.29 mi3, Church Lane, Old Clee, Grimsby, North East Lincolnshire DN32 8NB3
£393K02/230.3 mi8, Church Lane, Old Clee, Grimsby, North East Lincolnshire DN32 8NB3
£195K09/220.3 mi10, Bronzegarth, Grimsby, North East Lincolnshire DN32 8QU3
£152.5K10/210.31 mi3, Balmoral Road, Cleethorpes, North East Lincolnshire DN35 9ND3
£122K10/200.32 mi203, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9ST3
£125K07/210.32 mi233, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9ST3
£128.5K08/230.32 mi239, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9ST3
£165K11/210.33 mi5, Seaton Grove, Grimsby, North East Lincolnshire DN32 9SU3
£170K02/230.33 mi3, Seaton Grove, Grimsby, North East Lincolnshire DN32 9SU3
£152K03/230.35 mi29, Sandringham Road, Cleethorpes, North East Lincolnshire DN35 9HA3
£300K04/230.35 mi33, Clee Crescent, Grimsby, North East Lincolnshire DN32 8LX3
£200K06/230.35 mi13, Clee Crescent, Grimsby, North East Lincolnshire DN32 8LX3
£197.5K01/210.35 mi19, Clee Crescent, Grimsby, North East Lincolnshire DN32 8LX3
£140K08/210.36 mi72, Davenport Drive, Cleethorpes, North East Lincolnshire DN35 9JR3
£160K10/200.38 mi24, Clee Crescent, Grimsby, Humberside DN32 8LS3
£190K09/220.38 mi4, Beverley Crescent, Grimsby, North East Lincolnshire DN32 9SX3
£160K05/230.38 mi4, Frobisher Avenue, Grimsby, North East Lincolnshire DN32 8JA3
£166K09/230.38 mi3, Curzon Court, Cleethorpes, North East Lincolnshire DN35 9HE3
£143K05/230.38 mi85, Davenport Drive, Cleethorpes, North East Lincolnshire DN35 9JP3
£100K04/210.4 mi15, Whitby Drive, Grimsby, North East Lincolnshire DN32 9SS3
£150K01/230.4 mi18, Whitby Drive, Grimsby, North East Lincolnshire DN32 9SS3
£135K06/230.4 mi6, Whitby Drive, Grimsby, North East Lincolnshire DN32 9SS3
£117K07/210.4 mi8, Whitby Drive, Grimsby, North East Lincolnshire DN32 9SS3

Local Rents

51 rents from £515/mo to £2K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£85004/250.31 mi-3
£79503/240.39 miFrobisher Avenue, Grimsby3
£95003/240.41 mi-3
£75003/240.49 miEscart Avenue, Grimsby3
£70004/240.49 miEscart Avenue, Grimsby3
£67504/240.49 miWarwick Road, Cleethorpes3
£70005/240.5 miEscart Avenue, Grimsby3
£75003/240.61 miRobert Pearson Mews,Grimsby3
£75003/250.61 mi-3
£70007/240.64 mi-3
£65004/240.67 mi-3
£55007/230.68 mi-3
£1,00004/240.68 mi-3
£1,00004/250.68 mi-3
£1,00004/250.68 mi-3
£62501/240.72 mi-3
£67512/240.72 mi-3
£63005/240.73 mi-3
£63005/240.73 mi-3
£55003/240.74 miDavid Street, Grimsby3
£51503/240.75 miPatrick Street, Grimsby, North East Lincolnshire, DN323
£51503/240.75 miPatrick Street, Grimsby, North East Lincolnshire, DN323
£62512/240.75 mi-3
£62505/240.76 mi-3
£62505/240.77 mi-3
£62504/240.78 mi-3
£67504/250.84 mi-3
£59503/240.84 miDavid Street, Grimsby3
£79503/240.84 miFairmont Road, Grimsby, N E Lincs, DN323
£60012/230.84 mi-3
£65011/240.84 mi-3
£95003/240.85 miBeaufort Crescent, Cleethorpes3
£70003/240.85 miCooper Road, Grimsby3
£65010/240.85 mi-3
£2,00002/250.86 mi-3
£64003/240.86 miCooper Road, Grimsby3
£76003/250.86 mi-3
£60004/240.86 miPatrick Street, Grimsby3
£65004/240.86 miPatrick Street, Grimsby, South Humberside, DN323
£60004/250.87 mi-3
£59511/240.87 mi-3
£78503/240.88 miWollaston Road, Cleethorpes, Lincolnshire, DN353
£72503/240.88 miDurban Road, Grimsby, DN323
£72504/240.88 miDurban Road, Grimsby, DN323
£62504/240.88 miDurban Road, Grimsby3
£55003/240.88 miHeneage Road,Grimsby3
£57503/240.88 miDurban Road, Grimsby, DN323
£1,97003/250.88 mi-3
£1,97003/250.88 mi-3
£65004/240.89 miDurban Road, Grimsby, DN323
£60004/240.89 miDurban Road, Grimsby3

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

1.65 miles away

Nearest school

0.20 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £230,000

December 10, 2024

Floor Plans

Description

  • Desirable Location: Situated on Vivian Avenue, off Weelsby Road, close to schools, transport links, Weelsby Woods, and King George V Stadium. +
  • Spacious Living Areas: Bay-fronted lounge with feature fireplace, connecting dining room with patio doors to the garden. +
  • Three Bedrooms: Master with bay window and built-in wardrobes, long second bedroom, and a single bedroom with storage. +
  • Generous Outdoor Space: Front lawn, gated driveway, detached garage, and a rear garden with patio. +
  • Modernisation Potential: Lovingly maintained but offers scope for updates to add personal style and value. +
  • No Forward Chain: Immediate availability, ideal for quick and smooth transactions, perfect for families or investors. +

Spacious Three-Bedroom Semi-Detached Home on Vivian Avenue, Off Weelsby Road – No Forward Chain

Situated in the sought-after Vivian Avenue, just off Weelsby Road, this traditional bay-fronted semi-detached house offers a fantastic opportunity for buyers looking for a property with character and potential. Lovingly maintained, the home is ready for a new owner to add their modern touches while benefiting from its existing charm.

Upon entering, you are welcomed by a spacious entrance hall featuring a convenient cloak cupboard. The bay-fronted lounge is warm and inviting, complete with a feature fireplace and bespoke built-in shelving. Double doors lead to the dining room, which offers sliding patio doors opening to the rear garden, perfect for seamless indoor-outdoor living.

The kitchen, positioned alongside the lounge, is equipped with a range of base and wall units and offers access to the rear lobby. A handy ground-floor W/C and the rear lobby, which links the kitchen and dining room.

Upstairs, the master bedroom boasts a charming bay window and built-in wardrobes. A generous second bedroom with built-in wardrobes and two windows, allowing for plenty of natural light. The third bedroom is a single room with built-in storage over the stairs, making it perfect for a child’s room or home office. The family bathroom completes the upstairs layout.

Externally, the property offers a front lawned garden with mature shrubs and a gated side driveway leading to a detached garage and rear garden, providing privacy and security. The rear garden features a patio area, lawn, and borders, ideal for outdoor relaxation.

This home is in a prime location, within walking distance of Weelsby Woods and King George V Stadium. It also benefits from transport links and nearby schools for all ages, making it perfect for families, professionals, or investors.

Investor Potential: After modernisation, the property is estimated to generate a rental income of approximately £12,000 per year, subject to compliance with current legislation.

Don’t miss the opportunity to view this charming property in a highly regarded area. It offers great potential and is ideal for those looking to create a dream home.

Agent Details

DDM Residential, Grimsby

01472 404591

Next Steps?

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