3 Bed Semi-Detached House, Refurb/BRRR, Grimsby, DN33 2AH, £155,000





ValuationOvervalued
Sold Prices | £73K - £237.5K |
Sold Prices/m² | £924/m² - £2.5K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £1.7K/m² |
Value Estimate | £138,880£138,880 |
| |
End Value (After Refurb) | £150,827£150,827 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £38,750£38,750 |
Stamp Duty & Legal Fees | £5,850£5,850 |
Refurb Costs | £37,646£37,646 |
Bridging Loan Interest | £4,069£4,069 |
Total Cash In | £88,064£88,064 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £150,827£150,827 |
Mortgage (After Refinance) | £113,120£113,120 |
Mortgage LTV | 75%75% |
Cash Left In | £88,064£88,064 |
Equity | £37,707£37,707 |
Rent Range | £525 - £2,400£525 - £2,400 |
Rent Estimate | £1,178 |
Running Costs/mo | £727£727 |
Cashflow/mo | £451£451 |
Cashflow/yr | £5,413£5,413 |
ROI | 6%6% |
Gross Yield | 9%9% |
Local Sold Prices
50 sold prices from £73K to £237.5K, average is £148.5K. £924/m² to £2.5K/m², average is £1.6K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£145K | 07/21 | 0 mi | 27, St Helens Avenue, Grimsby, North East Lincolnshire DN33 2AH | £1,663 | 87 | 3 | Semi-Detached House | |
£145K | 06/23 | 0 mi | 12, St Helens Avenue, Grimsby, North East Lincolnshire DN33 2AH | £1,686 | 86 | 3 | Semi-Detached House | |
£138.5K | 10/20 | 0.02 mi | 5, St Helens Avenue, Grimsby, North East Lincolnshire DN33 2AH | £1,556 | 89 | 3 | Semi-Detached House | |
£170K | 11/22 | 0.02 mi | 1, St Helens Avenue, Grimsby, North East Lincolnshire DN33 2AH | £2,152 | 79 | 3 | Semi-Detached House | |
£177.5K | 10/22 | 0.04 mi | 115, Scartho Road, Grimsby, North East Lincolnshire DN33 2AJ | £2,017 | 88 | 3 | Semi-Detached House | |
£147K | 08/23 | 0.07 mi | 16, Rupert Road, Grimsby, North East Lincolnshire DN33 2AG | - | - | 3 | Semi-Detached House | |
£129K | 04/21 | 0.08 mi | 20, Rookery Avenue, Grimsby, North East Lincolnshire DN33 2AQ | £1,613 | 80 | 3 | Terraced House | |
£155K | 01/21 | 0.08 mi | 9, Rookery Avenue, Grimsby, North East Lincolnshire DN33 2AQ | £1,824 | 85 | 3 | Semi-Detached House | |
£188K | 10/22 | 0.1 mi | 78, Scartho Road, Grimsby, North East Lincolnshire DN33 2BG | £1,880 | 100 | 3 | Semi-Detached House | |
£116K | 06/21 | 0.12 mi | 17, Beech Avenue, Grimsby, North East Lincolnshire DN33 2AZ | £1,208 | 96 | 3 | Semi-Detached House | |
£145K | 04/21 | 0.12 mi | 3, Beech Avenue, Grimsby, North East Lincolnshire DN33 2AZ | £1,576 | 92 | 3 | Semi-Detached House | |
£146K | 10/22 | 0.13 mi | 12, Sycamore Avenue, Grimsby, North East Lincolnshire DN33 2AY | - | - | 3 | Semi-Detached House | |
£181.5K | 05/23 | 0.14 mi | 7, Frusher Avenue, Grimsby, North East Lincolnshire DN33 2BE | £1,952 | 93 | 3 | Semi-Detached House | |
£120K | 10/21 | 0.14 mi | 7, Frusher Avenue, Grimsby, North East Lincolnshire DN33 2BE | £1,290 | 93 | 3 | Semi-Detached House | |
£143.5K | 03/21 | 0.14 mi | 31, Cragston Avenue, Grimsby, Humberside DN33 2AT | - | - | 3 | Semi-Detached House | |
£190K | 11/22 | 0.16 mi | 24, Cragston Avenue, Grimsby, North East Lincolnshire DN33 2AU | £1,767 | 108 | 3 | Semi-Detached House | |
£136K | 05/23 | 0.16 mi | 18, Cragston Avenue, Grimsby, North East Lincolnshire DN33 2AU | - | - | 3 | Semi-Detached House | |
£105K | 11/21 | 0.17 mi | 7, Lisburn Grove, Grimsby, North East Lincolnshire DN33 2DE | - | - | 3 | Semi-Detached House | |
£153K | 06/21 | 0.17 mi | 165, Scartho Road, Grimsby, North East Lincolnshire DN33 2BT | £1,412 | 108 | 3 | Semi-Detached House | |
£169.5K | 10/22 | 0.19 mi | 28, Lisburn Grove, Grimsby, North East Lincolnshire DN33 2DF | - | - | 3 | Terraced House | |
£125K | 12/20 | 0.19 mi | 15, Lisburn Grove, Grimsby, North East Lincolnshire DN33 2DF | £1,389 | 90 | 3 | Terraced House | |
£210K | 10/21 | 0.21 mi | 150, Scartho Road, Grimsby, North East Lincolnshire DN33 2BS | - | - | 3 | Semi-Detached House | |
£126.5K | 10/20 | 0.24 mi | 79, Edge Avenue, Grimsby, North Lincolnshire DN33 2DG | £1,622 | 78 | 3 | Semi-Detached House | |
£162.5K | 11/22 | 0.24 mi | 49, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DG | £2,057 | 79 | 3 | Terraced House | |
£150K | 03/23 | 0.26 mi | 26, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DQ | - | - | 3 | Semi-Detached House | |
£163K | 07/22 | 0.27 mi | 17, Antrim Way, Grimsby, North East Lincolnshire DN33 2DL | - | - | 3 | Terraced House | |
£176K | 12/20 | 0.27 mi | 11, Charles Avenue, Grimsby, North East Lincolnshire DN33 2DA | £1,872 | 94 | 3 | Semi-Detached House | |
£128K | 07/23 | 0.27 mi | 40, Antrim Way, Grimsby, North East Lincolnshire DN33 2DL | £1,455 | 88 | 3 | Terraced House | |
£152K | 03/23 | 0.27 mi | 46, Antrim Way, Grimsby, North East Lincolnshire DN33 2DL | £1,904 | 80 | 3 | Semi-Detached House | |
£125K | 10/20 | 0.27 mi | 13, Antrim Way, Grimsby, North East Lincolnshire DN33 2DL | £1,488 | 84 | 3 | Terraced House | |
£199.9K | 12/20 | 0.31 mi | 23, Eastwood Avenue, Grimsby, North East Lincolnshire DN34 5BE | £1,980 | 101 | 3 | Semi-Detached House | |
£200K | 02/21 | 0.31 mi | 27, Eastwood Avenue, Grimsby, North East Lincolnshire DN34 5BE | - | - | 3 | Semi-Detached House | |
£181K | 10/20 | 0.33 mi | 14, Lansdowne Avenue, Grimsby, North East Lincolnshire DN32 0BY | £1,616 | 112 | 3 | Semi-Detached House | |
£130K | 01/21 | 0.33 mi | 86, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DN | £1,461 | 89 | 3 | Semi-Detached House | |
£127.5K | 11/22 | 0.34 mi | 6, Newton Grove, Grimsby, North East Lincolnshire DN33 1DB | £1,112 | 115 | 3 | Semi-Detached House | |
£110K | 09/22 | 0.34 mi | 2, Newton Grove, Grimsby, North East Lincolnshire DN33 1DB | £1,264 | 87 | 3 | Terraced House | |
£225K | 12/22 | 0.34 mi | 1, Conyers Avenue, Grimsby, North East Lincolnshire DN33 2BX | £2,539 | 89 | 3 | Detached House | |
£199.9K | 02/23 | 0.35 mi | 17, Conyers Avenue, Grimsby, North East Lincolnshire DN33 2BZ | £2,150 | 93 | 3 | Detached House | |
£154.9K | 02/21 | 0.35 mi | 17, Conyers Avenue, Grimsby, North East Lincolnshire DN33 2BZ | £1,666 | 93 | 3 | Semi-Detached House | |
£196K | 03/21 | 0.35 mi | 13, Conyers Avenue, Grimsby, Humberside DN33 2BZ | £1,798 | 109 | 3 | Semi-Detached House | |
£206K | 01/23 | 0.35 mi | 11, Conyers Avenue, Grimsby, North East Lincolnshire DN33 2BZ | - | - | 3 | Semi-Detached House | |
£73K | 03/23 | 0.35 mi | 125, Second Avenue, Grimsby, North East Lincolnshire DN33 1NU | £924 | 79 | 3 | Semi-Detached House | |
£75K | 06/21 | 0.36 mi | 17, Kingsley Grove, Grimsby, North East Lincolnshire DN33 1NL | £1,061 | 71 | 3 | Semi-Detached House | |
£138.5K | 11/22 | 0.37 mi | 135, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DH | - | - | 3 | Terraced House | |
£141K | 02/23 | 0.37 mi | 123, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DH | £1,720 | 82 | 3 | Terraced House | |
£130K | 01/21 | 0.37 mi | 91, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DH | £1,444 | 90 | 3 | Semi-Detached House | |
£110K | 09/23 | 0.37 mi | 139, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DH | - | - | 3 | Terraced House | |
£237.5K | 02/21 | 0.37 mi | 4a, Devonshire Avenue, Grimsby, North East Lincolnshire DN32 0BW | £1,126 | 211 | 3 | Detached House | |
£192K | 03/21 | 0.37 mi | 20, Conyers Avenue, Grimsby, North East Lincolnshire DN33 2BY | - | - | 3 | Semi-Detached House | |
£185K | 02/23 | 0.37 mi | 18, Conyers Avenue, Grimsby, North East Lincolnshire DN33 2BY | - | - | 3 | Semi-Detached House |
Local Rents
16 rents from £525/mo to £2.4K/mo, average is £850/mo.
Rent | Date | Distance | Address | Beds | Type | |
£850 | 03/24 | 0.04 mi | Scartho Road, Grimsby | 3 | Detached House | |
£2,400 | 03/24 | 0.12 mi | Bills Included, Grimsby, DN33 | 3 | Semi-Detached House | |
£2,400 | 05/24 | 0.12 mi | - | 3 | Semi-Detached House | |
£2,400 | 03/24 | 0.12 mi | - | 3 | Semi-Detached House | |
£2,400 | 01/25 | 0.12 mi | - | 3 | Semi-Detached House | |
£850 | 02/24 | 0.13 mi | - | 3 | Semi-Detached House | |
£850 | 03/24 | 0.13 mi | Cragston Avenue, Scartho, DN33 | 3 | Detached House | |
£795 | 03/24 | 0.22 mi | Gervase Holles Way, Grimsby, North East Lincs, DN33 | 3 | Terraced House | |
£675 | 03/24 | 0.24 mi | Edge Avenue, Scartho, Grimsby, North East Lincolnshire, DN33 | 3 | Flat | |
£775 | 04/24 | 0.26 mi | Edge Avenue, Grimsby | 3 | Semi-Detached House | |
£525 | 03/24 | 0.35 mi | Second Avenue, Grimsby | 3 | Semi-Detached House | |
£550 | 03/24 | 0.37 mi | Second Avenue, Grimsby | 3 | Detached House | |
£625 | 05/24 | 0.47 mi | C | 3 | Semi-Detached House | |
£925 | 02/25 | 0.57 mi | - | 3 | Terraced House | |
£925 | 11/24 | 0.57 mi | - | 3 | Semi-Detached House | |
£900 | 04/24 | 0.61 mi | The Cresta, Grimsby, N E Lincs, DN34 | 3 | Semi-Detached House |
Local Area Statistics
Population in DN33 | 19,40619,406 |
Population in Grimsby | 124,581124,581 |
Town centre distance | 0.76 miles away0.76 miles away |
Nearest school | 0.30 miles away0.30 miles away |
Nearest train station | 1.19 miles away1.19 miles away |
| |
Rental growth (12m) | +38%+38% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +23%+23% |
Property History
Listed for £155,000
January 15, 2025
Description
Situated at the end of this lovely tree lined avenue, just off Scartho Road, this semi-detached house stands within good size well-established gardens. Thought to originate in the late 1920's the property features high ceilings and deep skirting boards and offers scope for some updating/renovations. Offering spacious and well-presented accommodation benefitting from a gas central heating system and uPVC double glazing. Comprising: - a bright Entrance Hallway with space for a w.c. to be incorporated if required, through Lounge/Diner extending to 26'6 with patio door onto the rear garden and a generous Kitchen. Upstairs there are three Bedrooms and a Wet Room. The property benefits from a shared driveway providing access to the garage and a paved front garden providing off road parking. The large rear garden is planted with shrubs and features a patio area. EPC Rating - E.
The accommodation comprises:-
ENTRANCE
An attractive open porchway gives access to the uPVC double glazed front door and Hallway.
HALLWAY 3.89m (12'9") x 1.93m (6'4")
A lovely inviting hallway where the wrought iron staircase leads to the first floor. There is a useful understairs storage space, a double glazed side window, a radiator and coving to the ceiling. There is potential to install a downstairs W.C. if required.
LOUNGE/DINER 8.08m (26'6") into bay x 3.58m (11'9")
A lovely size Lounge/Diner which features an electric fire with recessed display shelves, coving to the ceiling, a radiator, a uPVC double glazed walk in bay window to the front and a double glazed door onto the rear garden.
KITCHEN 5.28m (17'4") x 1.96m (6'5") widening to 2.26m (7'
A good size kitchen, fitted with a range of base and wall mounted units with complementary worksurfaces incorporating a breakfast bar. It has a 1.5 bowl stainless steel sink with mixer taps and tiled splashback. There is space for a slot in electric cooker, a freestanding fridge freezer and plumbing for an automatic washing machine. The room has dual aspect uPVC windows and a double glazed door onto the garden.
FIRST FLOOR
LANDING
With a uPVC double glazed side window. All rooms lead directly off as follows: -
BEDROOM ONE 3.96m (13'0") into chimney breast x 3.23m (10'7")
A lovely room featuring a range of built in storage cupboards, one of which houses the boiler, a radiator and a uPVC double glazed window overlooking the rear garden.
BEDROOM TWO 3.35m (11'0") x 3.23m (10'7")
A good size double bedroom with built in wardrobes, a radiator and a uPVC double glazed front window.
BEDROOM THREE 3.00m (9'10") x 1.96m (6'5")
A good size single bedroom with a radiator and uPVC double glazed window overlooking the rear garden.
WET ROOM
A fully tiled wet room featuring a low level w.c, a wash hand basin and a shower area with electric unit and rail. There is a radiator, extractor fan and uPVC double glazed front window.
OUTSIDE
The property is nicely tucked away at the bottom of St Helens Avenue and features a paved front garden providing off road parking and a shared driveway.
The rear garden has a variety of gravelled and lawned areas and behind the garage is a lovely sun trap with patio, soft fruit planting and palm tree. The gardens are screened by panel fencing down one side and hedging to the rear boundary.
DETACHED GARAGE 4.60m (15'1") x 2.84m (9'4")
With double doors, power and lighting and further store area partitioned off with rear access.
GENERAL INFORMATION
Mains gas, water, electricity and drainage are connected. Broadband speed and availability can be assessed via the Ofcoms checker website. Central heating comprises radiators detailed above connected to the Ideal Classic gas central heating boiler located in Bedroom One. Our enquiries of the Local Authority indicate the property to be in Council Tax Band - C and the Local Authority is the North East Lincolnshire Council. The tenure is believed to be Freehold subject to Solicitors verification.
VIEWING
Viewing is by appointment through the Agents on Grimsby 311000 and a video walkthrough tour with commentary can be seen on Rightmove and our Martin Maslin website.
LOCATION AND AMENITIES
St Helens Avenue is a cul-de-sac located off Scartho Road within walking distance of local shops and the Grimsby Hospital. Regular buses serve the area.