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

20 St Helens Avenue, Scartho, Grimsby, North East Lincolnshire, DN33 2AH - 5 views - 2 months ago

Refurb/BRRR
ROI: 6%
~93 m²
+8 photos

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

 

 

End Value (After Refurb)

£150,827

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Refurb Costs

£37,646

Bridging Loan Interest

£4,069

Total Cash In

£88,064

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,827

Mortgage (After Refinance)

£113,120

Mortgage LTV

75%

Cash Left In

£88,064

Equity

£37,707

Rent Range

£525 - £2,400

Rent Estimate

£1,178

Running Costs/mo

£727

Cashflow/mo

£451

Cashflow/yr

£5,413

ROI

6%

Gross Yield

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.

PriceDateDistanceAddressBeds 
£145K07/210 mi27, St Helens Avenue, Grimsby, North East Lincolnshire DN33 2AH3
£145K06/230 mi12, St Helens Avenue, Grimsby, North East Lincolnshire DN33 2AH3
£138.5K10/200.02 mi5, St Helens Avenue, Grimsby, North East Lincolnshire DN33 2AH3
£170K11/220.02 mi1, St Helens Avenue, Grimsby, North East Lincolnshire DN33 2AH3
£177.5K10/220.04 mi115, Scartho Road, Grimsby, North East Lincolnshire DN33 2AJ3
£147K08/230.07 mi16, Rupert Road, Grimsby, North East Lincolnshire DN33 2AG3
£129K04/210.08 mi20, Rookery Avenue, Grimsby, North East Lincolnshire DN33 2AQ3
£155K01/210.08 mi9, Rookery Avenue, Grimsby, North East Lincolnshire DN33 2AQ3
£188K10/220.1 mi78, Scartho Road, Grimsby, North East Lincolnshire DN33 2BG3
£116K06/210.12 mi17, Beech Avenue, Grimsby, North East Lincolnshire DN33 2AZ3
£145K04/210.12 mi3, Beech Avenue, Grimsby, North East Lincolnshire DN33 2AZ3
£146K10/220.13 mi12, Sycamore Avenue, Grimsby, North East Lincolnshire DN33 2AY3
£181.5K05/230.14 mi7, Frusher Avenue, Grimsby, North East Lincolnshire DN33 2BE3
£120K10/210.14 mi7, Frusher Avenue, Grimsby, North East Lincolnshire DN33 2BE3
£143.5K03/210.14 mi31, Cragston Avenue, Grimsby, Humberside DN33 2AT3
£190K11/220.16 mi24, Cragston Avenue, Grimsby, North East Lincolnshire DN33 2AU3
£136K05/230.16 mi18, Cragston Avenue, Grimsby, North East Lincolnshire DN33 2AU3
£105K11/210.17 mi7, Lisburn Grove, Grimsby, North East Lincolnshire DN33 2DE3
£153K06/210.17 mi165, Scartho Road, Grimsby, North East Lincolnshire DN33 2BT3
£169.5K10/220.19 mi28, Lisburn Grove, Grimsby, North East Lincolnshire DN33 2DF3
£125K12/200.19 mi15, Lisburn Grove, Grimsby, North East Lincolnshire DN33 2DF3
£210K10/210.21 mi150, Scartho Road, Grimsby, North East Lincolnshire DN33 2BS3
£126.5K10/200.24 mi79, Edge Avenue, Grimsby, North Lincolnshire DN33 2DG3
£162.5K11/220.24 mi49, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DG3
£150K03/230.26 mi26, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DQ3
£163K07/220.27 mi17, Antrim Way, Grimsby, North East Lincolnshire DN33 2DL3
£176K12/200.27 mi11, Charles Avenue, Grimsby, North East Lincolnshire DN33 2DA3
£128K07/230.27 mi40, Antrim Way, Grimsby, North East Lincolnshire DN33 2DL3
£152K03/230.27 mi46, Antrim Way, Grimsby, North East Lincolnshire DN33 2DL3
£125K10/200.27 mi13, Antrim Way, Grimsby, North East Lincolnshire DN33 2DL3
£199.9K12/200.31 mi23, Eastwood Avenue, Grimsby, North East Lincolnshire DN34 5BE3
£200K02/210.31 mi27, Eastwood Avenue, Grimsby, North East Lincolnshire DN34 5BE3
£181K10/200.33 mi14, Lansdowne Avenue, Grimsby, North East Lincolnshire DN32 0BY3
£130K01/210.33 mi86, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DN3
£127.5K11/220.34 mi6, Newton Grove, Grimsby, North East Lincolnshire DN33 1DB3
£110K09/220.34 mi2, Newton Grove, Grimsby, North East Lincolnshire DN33 1DB3
£225K12/220.34 mi1, Conyers Avenue, Grimsby, North East Lincolnshire DN33 2BX3
£199.9K02/230.35 mi17, Conyers Avenue, Grimsby, North East Lincolnshire DN33 2BZ3
£154.9K02/210.35 mi17, Conyers Avenue, Grimsby, North East Lincolnshire DN33 2BZ3
£196K03/210.35 mi13, Conyers Avenue, Grimsby, Humberside DN33 2BZ3
£206K01/230.35 mi11, Conyers Avenue, Grimsby, North East Lincolnshire DN33 2BZ3
£73K03/230.35 mi125, Second Avenue, Grimsby, North East Lincolnshire DN33 1NU3
£75K06/210.36 mi17, Kingsley Grove, Grimsby, North East Lincolnshire DN33 1NL3
£138.5K11/220.37 mi135, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DH3
£141K02/230.37 mi123, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DH3
£130K01/210.37 mi91, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DH3
£110K09/230.37 mi139, Edge Avenue, Grimsby, North East Lincolnshire DN33 2DH3
£237.5K02/210.37 mi4a, Devonshire Avenue, Grimsby, North East Lincolnshire DN32 0BW3
£192K03/210.37 mi20, Conyers Avenue, Grimsby, North East Lincolnshire DN33 2BY3
£185K02/230.37 mi18, Conyers Avenue, Grimsby, North East Lincolnshire DN33 2BY3

Local Rents

16 rents from £525/mo to £2.4K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85003/240.04 miScartho Road, Grimsby3
£2,40003/240.12 miBills Included, Grimsby, DN333
£2,40005/240.12 mi-3
£2,40003/240.12 mi-3
£2,40001/250.12 mi-3
£85002/240.13 mi-3
£85003/240.13 miCragston Avenue, Scartho, DN33 3
£79503/240.22 miGervase Holles Way, Grimsby, North East Lincs, DN33 3
£67503/240.24 miEdge Avenue, Scartho, Grimsby, North East Lincolnshire, DN333
£77504/240.26 miEdge Avenue, Grimsby3
£52503/240.35 miSecond Avenue, Grimsby3
£55003/240.37 miSecond Avenue, Grimsby3
£62505/240.47 miC3
£92502/250.57 mi-3
£92511/240.57 mi-3
£90004/240.61 miThe Cresta, Grimsby, N E Lincs, DN34 3

Local Area Statistics

Population in DN33

19,406

Population in Grimsby

124,581

Town centre distance

0.76 miles away

Nearest school

0.30 miles away

Nearest train station

1.19 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Balanced market

Capital growth (5yrs)

+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.

Agent Details

Martin Maslin, Grimsby

01472 404338

Next Steps?

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