3 Bed Terraced House, Single Let, Grimsby, DN32 8AB, £60,000

312 Weelsby Street, Grimsby - 4 views - 3 months ago

Sold STC
BTL
ROI: 15%
97 m²
+1 photos

ValuationUndervalued

Sold Prices£40K - £140K
Sold Prices/m²£369/m² - £1.4K/m²

 

 

Square Metres

97 m²
Price/m²£619/m²

Value Estimate

£66,614
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,000

Total Cash In

£18,000

 

 

Cash Out

 

Rent Range

£475 - £2,000

Rent Estimate

£550

Running Costs/mo

£318

Cashflow/mo

£233

Cashflow/yr

£2,790

ROI

16%

Gross Yield

11%

Local Sold Prices

50 sold prices from £40K to £140K, average is £65K. £369/m² to £1.4K/m², average is £687/m².

PriceDateDistanceAddressBeds 
£68K12/200.03 mi308, Weelsby Street, Grimsby, North East Lincolnshire DN32 8AE3
£65K03/230.06 mi211, Wellington Street, Grimsby, North East Lincolnshire DN32 7JN3
£45K11/200.07 mi254, Stanley Street, Grimsby, North East Lincolnshire DN32 8BS3
£72K03/230.07 mi242, Stanley Street, Grimsby, North East Lincolnshire DN32 8BS3
£75K07/230.1 mi349, Weelsby Street, Grimsby, North East Lincolnshire DN32 8BN3
£110K10/210.1 mi49a, Castle Street, Grimsby, North East Lincolnshire DN32 7LW3
£82.5K01/230.1 mi87, Roberts Street, Grimsby, North East Lincolnshire DN32 8BT3
£60K04/210.11 mi59, Buller Street, Grimsby, North East Lincolnshire DN32 8BW3
£49K01/230.11 mi41, Castle Street, Grimsby, North East Lincolnshire DN32 7LW3
£59K01/210.12 mi293, Wellington Street, Grimsby, North East Lincolnshire DN32 7JU3
£42.2K06/210.14 mi9, Harold Street, Grimsby, North East Lincolnshire DN32 7LR3
£45K01/210.15 mi194, Stanley Street, Grimsby, North East Lincolnshire DN32 7LH3
£50K11/210.15 mi71, Castle Street, Grimsby, North East Lincolnshire DN32 7LG3
£78K02/210.16 mi383, Weelsby Street, Grimsby, North East Lincolnshire DN32 8BJ3
£115K08/210.16 mi30, Humberstone Road, Grimsby, North East Lincolnshire DN32 8BP3
£112K05/230.17 mi1a, Buller Street, Grimsby, North East Lincolnshire DN32 8BL3
£55K04/210.18 mi5, Buttermere Way, Grimsby, North East Lincolnshire DN32 7EH3
£70K12/200.18 mi8, Buttermere Way, Grimsby, North East Lincolnshire DN32 7EH3
£57K09/230.18 mi152, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£70.5K11/210.18 mi157, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£40K03/210.18 mi150, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£58K10/200.18 mi157, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£44K03/210.18 mi52, Harold Street, Grimsby, North East Lincolnshire DN32 7NB3
£48K12/220.19 mi43, Harold Street, Grimsby, North East Lincolnshire DN32 7NB3
£66K02/230.2 mi150, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£56K05/210.2 mi15, Tunnard Street, Grimsby, North East Lincolnshire DN32 7LS3
£75K04/230.2 mi6, Tunnard Street, Grimsby, North East Lincolnshire DN32 7LS3
£50K12/200.2 mi3, Tunnard Street, Grimsby, North East Lincolnshire DN32 7LS3
£72K06/230.22 mi5, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9EF3
£56K02/230.23 mi59, Tunnard Street, Grimsby, North East Lincolnshire DN32 7NA3
£140K01/230.24 mi144, Durban Road, Grimsby, North East Lincolnshire DN32 8AY3
£75K06/210.24 mi59, Durban Road, Grimsby, North East Lincolnshire DN32 8BA3
£60K02/210.24 mi412, Wellington Street, Grimsby, North East Lincolnshire DN32 7JS3
£72K06/210.24 mi380, Wellington Street, Grimsby, North East Lincolnshire DN32 7JS3
£61K12/200.24 mi392, Wellington Street, Grimsby, North East Lincolnshire DN32 7JS3
£125K04/210.25 mi142, Durban Road, Grimsby, Humberside DN32 8AY3
£82K04/230.25 mi409, Wellington Street, Grimsby, North East Lincolnshire DN32 7JT3
£65K01/210.25 mi136, Durban Road, Grimsby, North East Lincolnshire DN32 8AY3
£87K06/230.25 mi14, Bodiam Way, Grimsby, North East Lincolnshire DN32 7ED3
£95K02/230.25 mi23, Seascale Walk, Grimsby, North East Lincolnshire DN32 7EL3
£65K03/230.27 mi67, Sixhills Street, Grimsby, North East Lincolnshire DN32 9HS3
£70K07/210.27 mi156, Castle Street, Grimsby, North East Lincolnshire DN32 7LA3
£82K02/230.27 mi70, Durban Road, Grimsby, North East Lincolnshire DN32 8BD3
£73K02/230.27 mi65, Sixhills Street, Grimsby, North East Lincolnshire DN32 9HS3
£43K11/200.27 mi83, Stanley Street, Grimsby, North East Lincolnshire DN32 7LN3
£45K11/210.28 mi129, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ3
£50K04/210.28 mi94, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ3
£40K11/200.28 mi135, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ3
£70K08/210.28 mi1, Thomas Street, Grimsby, North East Lincolnshire DN32 9HP3
£65K07/230.28 mi92, Sixhills Street, Grimsby, North East Lincolnshire DN32 9HT3

Local Rents

50 rents from £475/mo to £2K/mo, average is £640/mo.

RentDateDistanceAddressBeds 
£60002/250.01 mi-3
£58004/240.02 miWeelsby Street, Grimsby3
£58503/240.03 miWeelsby Street, Grimsby3
£59503/240.03 miWeelsby Street, Grimsby3
£62011/230.09 mi-3
£62002/250.09 mi-3
£72512/240.1 mi-3
£57501/240.11 mi-3
£65003/250.11 mi-3
£55004/240.12 miWeelsby Street, Grimsby, DN323
£47503/240.14 miHarold Street, Grimsby3
£57503/240.17 miBuller Street, Grimsby, DN323
£57501/240.17 mi-3
£57501/250.18 mi-3
£52504/240.18 mi33 Harold Street, Grimsby3
£67503/250.19 mi-3
£65003/240.21 miWeelsby Street, Grimsby3
£70004/250.21 mi-3
£54003/250.22 mi-3
£80003/250.22 mi-3
£75004/250.23 mi-3
£75012/230.23 mi-3
£75005/240.23 mi-3
£75003/250.23 mi-3
£57503/240.24 miDurban Road, Grimsby, DN323
£72503/240.24 miDurban Road, Grimsby, DN323
£72504/240.24 miDurban Road, Grimsby, DN323
£62504/240.24 miDurban Road, Grimsby3
£53503/240.24 miWellington Street, Grimsby3
£60004/240.26 miDurban Road, Grimsby3
£70003/240.27 miCooper Road, Grimsby3
£65004/240.27 miDurban Road, Grimsby, DN323
£2,00001/250.27 mi-3
£64003/240.27 miCooper Road, Grimsby3
£59503/250.28 mi-3
£69503/250.29 mi-3
£75004/250.29 mi-3
£64012/240.29 mi-3
£67502/250.29 mi-3
£55003/240.3 miDonnington Street, Grimsby, Grimsby3
£65002/250.3 mi-3
£52503/240.3 miEdward Street, Grimsby Move in deal £760!!3
£80002/250.3 mi-3
£75004/250.3 mi-3
£65010/240.31 mi-3
£53001/240.31 mi-3
£57504/240.32 miConvamore Road, Grimsby, North East Lincolnshire, DN323
£75002/240.33 mi-3
£75003/240.33 miHainton Avenue, Grimsby3
£53503/240.33 miConvamore Road, Grimsby!3

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

1.31 miles away

Nearest school

0.20 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £60,000

January 17, 2025

Floor Plans

Description

  • Terraced House +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Kitchen & Bathroom +
  • uPVC DG & GCH +
  • Currently LET +

A splendid opportunity has arisen to purchase this terraced house, ideal for investors. Situated in the heart of the town centre, this property offers a perfect blend of urban living with local amenities and public transport links at your doorstep. The property boasts three well-proportioned bedrooms, a single bathroom, and two spacious reception rooms, offering a versatile space for entertainment or relaxation. The inclusion of a kitchen further enhances the functionality of the property, ensuring all your culinary needs are catered for. Notably, the house is currently let at £550 per month, making it an attractive investment opportunity with a steady rental income. One of the unique features of this property is its uPVC double-glazed windows and gas central heating that ensures a cosy and warm environment during those colder months. To summarise, this property is a fantastic buy-to-let opportunity in a prime location with excellent transport links. The combination of its location, unique features, and rental income potential makes it an attractive proposition for investors. Don't miss out on this exciting opportunity. Call us today to arrange a viewing. EPC rating: E. Tenure: Freehold,

Agent Details

Lovelle, Grimsby

01472 404571

Next Steps?

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