4 Bed Semi-Detached House, Refurb/BRRR, Cleethorpes, DN35 9NN, £220,000

62 St Peters Avenue, Cleethorpes, DN35 8HP - 3 months ago

Refurb/BRRR
71 m²
+9 photos

ValuationOvervalued

Sold Prices£76K - £405K
Sold Prices/m²£731/m² - £2.7K/m²

 

 

Square Metres

71 m²
Price/m²£3.1K/m²

Value Estimate

£99,604

 

 

End Value (After Refurb)

£197,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£28,680

Bridging Loan Interest

£5,775

Total Cash In

£99,305

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£197,500

Mortgage (After Refinance)

£148,125

Mortgage LTV

75%

Cash Left In

£99,305

Equity

£49,375

Rent Range

£675 - £1,000

Rent Estimate

£841

Running Costs/mo

£805

Cashflow/mo

£36

Cashflow/yr

£427

ROI

0%

Gross Yield

5%

Local Sold Prices

47 sold prices from £76K to £405K, average is £200K. £731/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£230K08/230.1 mi142, Davenport Drive, Cleethorpes, North East Lincolnshire DN35 9NJ4
£281.2K07/230.13 mi26, Vivian Avenue, Grimsby, North East Lincolnshire DN32 8QF4
£190K11/200.13 mi12, Vivian Avenue, Grimsby, North East Lincolnshire DN32 8QF4
£275K04/230.25 mi6, Hunsley Crescent, Grimsby, North East Lincolnshire DN32 8PX4
£340K10/220.28 mi209, Clee Road, Cleethorpes, North East Lincolnshire DN35 9HU4
£370K03/210.29 mi13, Thirkleby Crescent, Grimsby, North East Lincolnshire DN32 8PY4
£200K11/220.31 mi52, Thirkleby Crescent, Grimsby, North East Lincolnshire DN32 8PZ4
£257K02/220.32 mi17, Church Lane, Old Clee, Grimsby, North East Lincolnshire DN32 8NB4
£142K12/220.36 mi4, Silvergarth, Grimsby, North East Lincolnshire DN32 8QR4
£250K08/230.36 mi4, Goldgarth, Grimsby, North East Lincolnshire DN32 8QS4
£197.5K02/230.45 mi1, Stevenson Place, Cleethorpes, North East Lincolnshire DN35 9JH4
£160K11/200.52 mi71, Normandy Road, Cleethorpes, North East Lincolnshire DN35 9JE4
£325K11/200.55 mi3, Denby Drive, Cleethorpes, North East Lincolnshire DN35 9QQ4
£215K12/200.57 mi6, Grainsby Avenue, Cleethorpes, North East Lincolnshire DN35 9PA4
£210K02/210.57 mi10, Grainsby Avenue, Cleethorpes, North East Lincolnshire DN35 9PA4
£222.5K10/210.62 mi82, Clee Road, Grimsby, North East Lincolnshire DN32 8NX4
£405K08/230.66 mi120, Middlethorpe Road, Cleethorpes, North East Lincolnshire DN35 9PR4
£270K02/230.72 mi161, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RX4
£180K01/230.76 mi40, Braemar Road, Cleethorpes, North East Lincolnshire DN35 9AT4
£185K02/210.76 mi10, Blenheim Place, Cleethorpes, North East Lincolnshire DN35 9BG4
£115K11/200.78 mi102, Mill Road, Cleethorpes, North East Lincolnshire DN35 8JD4
£126K12/200.78 mi74, Mill Road, Cleethorpes, North East Lincolnshire DN35 8JD4
£220K04/210.78 mi10, Brunel Close, Grimsby, North East Lincolnshire DN32 9FE4
£270K04/230.78 mi10, Brunel Close, Grimsby, North East Lincolnshire DN32 9FE4
£269.9K05/230.8 mi1, Lea Drive, Grimsby, North East Lincolnshire DN32 9FB4
£225K10/220.81 mi9, Barnett Place, Cleethorpes, North East Lincolnshire DN35 7SU4
£219K04/210.82 mi2, Haigh Court, Grimsby, North East Lincolnshire DN32 9FD4
£199.9K03/210.82 mi423, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 8AA4
£227K03/210.84 mi4, Redwood Drive, Cleethorpes, North East Lincolnshire DN35 0RN4
£195K09/210.85 mi3, Clee Road, Cleethorpes, North East Lincolnshire DN35 8AD4
£202K02/210.89 mi211, Chichester Road, Cleethorpes, North East Lincolnshire DN35 0JP4
£170K12/200.91 mi148, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RR4
£180K04/210.92 mi129, Weelsby Road, Grimsby, North East Lincolnshire DN32 9RZ4
£115K02/230.92 mi77, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9EQ4
£200K12/200.93 mi372, Grimsby Road, Cleethorpes, North East Lincolnshire DN35 8AH4
£76K02/210.95 mi23, Durban Road, Grimsby, North East Lincolnshire DN32 8BD4
£189.9K03/210.96 mi27a, Parker Street, Cleethorpes, North East Lincolnshire DN35 8TH4
£150K01/230.96 mi18, Buck Beck Way, Cleethorpes, North East Lincolnshire DN35 0RJ4
£101K12/200.96 mi1, Queen Mary Avenue, Cleethorpes, North East Lincolnshire DN35 7SW4
£116K03/210.97 mi323, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7QX4
£110K11/200.98 mi451, Weelsby Street, Grimsby, North East Lincolnshire DN32 8BE4
£90K11/200.98 mi26, Granville Street, Grimsby, North East Lincolnshire DN32 9NS4
£115K12/200.98 mi334, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LX4
£100K04/230.99 mi167, Roberts Street, Grimsby, North East Lincolnshire DN32 8BU4
£129.9K06/211 mi11, West Street, Cleethorpes, North East Lincolnshire DN35 8QA4
£230K06/231 mi177, Chichester Road, Cleethorpes, North East Lincolnshire DN35 0JN4
£230K03/231 mi147, Chichester Road, Cleethorpes, North East Lincolnshire DN35 0JN4

Local Rents

10 rents from £675/mo to £1K/mo, average is £773/mo.

RentDateDistanceAddressBeds 
£95003/240.32 mi-3
£79503/240.4 miFrobisher Avenue, Grimsby3
£85003/250.4 mi-3
£67504/240.4 miWarwick Road, Cleethorpes3
£75003/250.52 mi-3
£75003/240.53 miEscart Avenue, Grimsby3
£70004/240.53 miEscart Avenue, Grimsby3
£70005/240.54 miEscart Avenue, Grimsby3
£1,00004/240.6 mi-3
£1,00004/250.6 mi-3

Local Area Statistics

Population in DN35

34,530

Town centre distance

1.01 miles away

Nearest school

0.20 miles away

Nearest train station

1.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+51%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £220,000

March 16, 2025

Listed for £230,000

January 16, 2025

Floor Plans

Description

  • Extended semi detached property located within the town of Cleethorpes's +
  • Offered for sale with NO FORWARD CHAIN +
  • ideal for a family - A must to view +
  • In need of a scheme of refurbishment +
  • Four bedrooms, bathroom and en-suite +
  • Lounge, dining area, conservatory and kitchen +
  • Gardens to the front and rear, driveway and garage +
  • Energy performance rating TBC and Council tax band B +

NO FORWARD CHAIN - EXTENDED - EXTRA LARGE GARAGE - Crofts estate agents are delighted to offer for sale this spacious and extended semi detached property located within the town of Cleethorpe's. Ideal for a family, this property comes with viewing highly advised. Requiring a a scheme of modernisation, a buyer has the opportunity to create a truly lovely home. Situated near to many local amenities and schools as well as the town centres to both Cleethorpes's and Grimsby. Internal viewing will reveal the entrance hall, lounge, dining area, conservatory and kitchen all to the ground floor. With four bedrooms, a bathroom and en-suite to the first floor. The garage has a WC and also an area ideal for a gym at the bottom and space to park a car. With gardens to the front and rear, off road parking and the property also benefits from uPVC double glazing and gas central heating.

Agent Details

Crofts Estate Agents, Cleethorpes

01472 404562

Next Steps?

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