5 Bed HMO, Cleethorpes, DN35 7BD £115,000

522 Harrington Street, Cleethorpes - 21 views - 10 months ago
HMO
Outside Article 4
ROI: 29%
62 m²
Property image
Property image
Property image
Property image

ValuationOvervalued

Sold Prices£105K - £600K
Sold Prices/m²£701/m² - £4.2K/m²

 

 

Square Metres

62 m²
Price/m²£1.9K/m²

Value Estimate

£103,816

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Total Cash In

£35,700

 

 

Cash Out

 

Room Rate

£436

Gross Rent

£2,180

Running Costs/mo

£1,320

Cashflow/mo

£860

Cashflow/yr

£10,321

ROI

29%

Gross Yield

23%

Local Sold Prices

23 sold prices from £105K to £600K, average is £325K. £701/m² to £4.2K/m², average is £1.5K/m².

Price
Date
Distance
Address
Beds
 
£115K09/230 mi53, Harrington Street, Cleethorpes, North East Lincolnshire DN35 7BD5
£105K09/230 mi57, Harrington Street, Cleethorpes, North East Lincolnshire DN35 7BD5
£300K01/231.23 mi2, Elm Gardens, Cleethorpes, North East Lincolnshire DN35 8DB5
£145K03/231.28 mi53, Hare Street, Grimsby, North East Lincolnshire DN32 9LA5
£110K06/211.31 mi71, Mill Road, Cleethorpes, North East Lincolnshire DN35 8JB5
£325K02/251.54 mi49, Hunsley Crescent, Grimsby DN32 8PU5
£220.3K01/231.58 mi10, Blenheim Place, Cleethorpes, North East Lincolnshire DN35 9BG5
£315K09/211.66 mi6, Abbey Road, Grimsby, North East Lincolnshire DN32 0HQ5
£450K03/231.69 mi23, Welholme Road, Grimsby, North East Lincolnshire DN32 0DR5
£480K12/241.72 mi39, Park Drive, Grimsby DN32 0EG5
£480K12/241.72 mi39, Park Drive, Grimsby DN32 0EG5
£330K05/211.75 mi39, Abbey Park Road, Grimsby, North East Lincolnshire DN32 0HS5
£395K06/211.79 mi74, Weelsby Road, Grimsby, North East Lincolnshire DN32 0PS5
£150K10/241.8 mi7, Queens Parade, Grimsby DN31 2LE5
£150K10/241.8 mi7, Queens Parade, Grimsby DN31 2LE5
£530K08/241.81 mi3, Park Drive, Grimsby DN32 0EE5
£530K08/241.81 mi3, Park Drive, Grimsby DN32 0EE5
£600K07/221.83 mi8, Park Drive, Grimsby, North East Lincolnshire DN32 0EE5
£290K04/251.84 mi42, Ashby Road, Cleethorpes DN35 9PQ5
£300K06/251.84 mi33, Weelsby Road, Grimsby DN32 0QA5
£325K12/221.91 mi181, Chichester Road, Cleethorpes, North East Lincolnshire DN35 0JN5
£420K03/231.91 mi27, Weelsby Road, Grimsby, North East Lincolnshire DN32 0QA5
£382K03/231.93 mi75, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PL5

Local Area Statistics

Population in DN35

34,526

Population in Cleethorpes

34,530

Town centre distance

1.46 miles away

Nearest school

0.40 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £115,000

January 14, 2025

Floor Plans

Property image

Description

  • Three-storey period terrace in Cleethorpes +
  • Five bedrooms and two bathrooms +
  • Multiple spacious reception rooms +
  • Gas central heating and majority double glazing +
  • Enclosed rear garden requiring some work +
  • Ideal for a family home, HMO, or investment +
  • 360-degree virtual tour available; viewings recommended +
  • No Forward Chain +

AVAILABLE WITH NO FORWARD CHAIN This substantial three-storey period terrace offers an abundance of space and versatility, making it an exciting project for buyers looking to create a property tailored to their needs. Whether you're considering a House of Multiple Occupancy (HMO), a large-scale investment property, or simply a generously sized family home, the potential here is undeniable. Situated in the popular Cleethorpes resort, the home exudes character and charm. While it requires cosmetic updates, the scale of the property and its possibilities are clear. The attractive bay-fronted exterior offers a hint of the impressive space inside. The ground floor features a bright front reception room with a bay window, a second sitting room, and a kitchen. To the rear is a spacious bathroom with a bath, shower, and toilet. On the first floor, you'll find three large double bedrooms and a three-piece family bathroom. The second floor adds two more generously sized bedrooms, providing a rare amount of accommodation in this price range. The property benefits from gas central heating and majority double glazing. Outside, the rear garden is enclosed and presents an opportunity to further enhance the property. A 360-degree virtual tour is available, but an internal viewing is highly recommended to fully appreciate the size, layout, and incredible potential this property offers. Contact us today for more information or to arrange a viewing. EPC rating: D. Tenure: Freehold, Mobile signal information: Indoor - Limited
Outdoor - Likely

EE
Three
O2
Vodafone

Agent Details

Lovelle, Humberston

01472 404552

Next Steps?

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