3 Bed Terraced House, Refurb/BRRR, Grimsby, DN37 9AP, £78,000

00 Cheshire Walk, Grimsby, DN37 9AP - 5 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£60K - £210K
Sold Prices/m²£706/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£839/m²

Value Estimate

£81,600
BMV2%

 

 

End Value (After Refurb)

£109,386

Uplift in Value

+37%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£19,500

Stamp Duty & Legal Fees

£3,600

Refurb Costs

£37,686

Bridging Loan Interest

£2,048

Total Cash In

£64,583

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£109,386

Mortgage (After Refinance)

£82,039

Mortgage LTV

75%

Cash Released

£23,539

Cash Left In

£41,044

Equity

£27,346

Rent Range

£462 - £995

Rent Estimate

£670

Running Costs/mo

£496

Cashflow/mo

£174

Cashflow/yr

£2,090

ROI

3%

Gross Yield

10%

Local Sold Prices

50 sold prices from £60K to £210K, average is £92.3K. £706/m² to £2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£98K05/210.05 mi14, Cheshire Walk, Grimsby, North East Lincolnshire DN37 9AR3
£88K05/210.05 mi12, St Chads Walk South, Grimsby, North East Lincolnshire DN37 9JZ3
£89.5K06/220.07 mi29, Campbell Grove, Grimsby, North East Lincolnshire DN37 9AH3
£90K06/220.08 mi60, Melrose Way, Grimsby, North East Lincolnshire DN37 9HZ3
£78K04/210.08 mi13, Melrose Way, Grimsby, North East Lincolnshire DN37 9HZ3
£80K06/210.1 mi8, Saltergate, Grimsby, North East Lincolnshire DN37 9LD3
£87.5K11/210.13 mi3, Buckfast Close, Grimsby, North East Lincolnshire DN37 9HY3
£82K04/210.13 mi80, Queensway, Grimsby, North East Lincolnshire DN37 9AY3
£90K04/210.14 mi9, Whitgift Way, Grimsby, North East Lincolnshire DN37 9AJ3
£114.5K08/220.14 mi11, St Chads Gate, Grimsby, North East Lincolnshire DN37 9LH3
£76K03/210.14 mi2, Ravenscar Road, Grimsby, North East Lincolnshire DN37 9LQ3
£90K12/220.14 mi7, Ravenscar Road, Grimsby, North East Lincolnshire DN37 9LQ3
£90K12/200.15 mi50, Cheshire Walk, Grimsby, North East Lincolnshire DN37 9AP3
£92K05/210.15 mi50, Cheshire Walk, Grimsby, North East Lincolnshire DN37 9AP3
£95.5K05/230.15 mi54, Cheshire Walk, Grimsby, North East Lincolnshire DN37 9AP3
£105K12/200.16 mi12, Loft Avenue, Grimsby, North East Lincolnshire DN37 9AG3
£92K11/230.17 mi38, Tintern Walk, Grimsby, North East Lincolnshire DN37 9JG3
£91K07/220.17 mi18, Binbrook Way, Grimsby, North East Lincolnshire DN37 9AS3
£70K11/200.17 mi40, Binbrook Way, Grimsby, North East Lincolnshire DN37 9AS3
£70K10/200.18 mi51, Westerdale Way, Grimsby, North East Lincolnshire DN37 9BZ3
£75K03/210.18 mi57, Westerdale Way, Grimsby, North East Lincolnshire DN37 9BZ3
£110K04/230.18 mi12, Queensway, Grimsby, North East Lincolnshire DN37 9BB3
£60K01/210.19 mi11, Cranwell Drive, Grimsby, North East Lincolnshire DN37 9LU3
£65K11/200.2 mi646, Cromwell Road, Grimsby, North East Lincolnshire DN37 9JE3
£90K01/210.21 mi17, Queensway, Grimsby, North East Lincolnshire DN37 9BD3
£75K06/230.22 mi24, Tintern Walk, Grimsby, North East Lincolnshire DN37 9JF3
£70K11/200.22 mi47, Eskdale Way, Grimsby, North East Lincolnshire DN37 9EB3
£70K02/210.22 mi18, Ampleforth Avenue, Grimsby, North East Lincolnshire DN37 9AA3
£96K03/210.22 mi22, Ampleforth Avenue, Grimsby, North East Lincolnshire DN37 9AA3
£92.5K06/210.22 mi1, Bransdale Way, Grimsby, North East Lincolnshire DN37 9BL3
£100K07/220.24 mi9, Stokesley Walk, Grimsby, North East Lincolnshire DN37 9BH3
£110K09/230.24 mi28, Ampleforth Avenue, Grimsby, North East Lincolnshire DN37 9AB3
£99K05/210.25 mi610, Cromwell Road, Grimsby, North East Lincolnshire DN37 9JQ3
£88K09/230.25 mi616, Cromwell Road, Grimsby, North East Lincolnshire DN37 9JQ3
£65K01/210.25 mi46, Ampleforth Avenue, Grimsby, North East Lincolnshire DN37 9AD3
£93.5K06/220.25 mi620, Cromwell Road, Grimsby, North East Lincolnshire DN37 9JQ3
£160K02/230.32 mi63, Anderby Drive, Grimsby, North East Lincolnshire DN37 9ET3
£160K11/200.35 mi18, Larmour Road, Grimsby, North East Lincolnshire DN37 9HH3
£134K12/210.37 mi52, Calver Crescent, Grimsby, North East Lincolnshire DN37 9EX3
£148.5K10/210.37 mi10, Calver Crescent, Grimsby, North East Lincolnshire DN37 9EX3
£177K10/220.37 mi6, Waby Close, Grimsby, North East Lincolnshire DN37 9HL3
£97.5K03/210.38 mi22, Newbury Avenue, Great Coates, Grimsby, North East Lincolnshire DN37 9NQ3
£155K01/230.38 mi13, Ashby Close, Grimsby, North East Lincolnshire DN37 9HJ3
£147K11/220.38 mi10, Ashby Close, Grimsby, North East Lincolnshire DN37 9HJ3
£152K12/200.38 mi7, Ashby Close, Grimsby, North East Lincolnshire DN37 9HJ3
£155K04/210.38 mi13, Ashby Close, Grimsby, North East Lincolnshire DN37 9HJ3
£189.9K06/230.41 mi46, Woad Lane, Great Coates, Grimsby, North East Lincolnshire DN37 9NE3
£135K10/210.41 mi44, Woad Lane, Great Coates, Grimsby, North East Lincolnshire DN37 9NE3
£142.5K05/210.41 mi60, Larmour Road, Grimsby, North East Lincolnshire DN37 9HG3
£210K04/230.41 mi61, Station Road, Great Coates, Grimsby, North East Lincolnshire DN37 9NL3

Local Rents

52 rents from £462/mo to £995/mo, average is £638/mo.

RentDateDistanceAddressBeds 
£60003/240.15 mi-3
£62503/240.17 miWingate Road, Grimsby, Lincolnshire, DN373
£89502/250.48 mi-3
£89512/240.52 miOsprey Drive, Grimsby3
£99502/250.65 mi-3
£59007/230.65 mi-3
£62505/240.66 miSpring Bank, Grimsby3
£60005/240.66 mi-3
£65012/240.67 mi-3
£69511/230.68 mi-3
£82503/240.69 miSilver Birch Place, Grimsby, DN343
£63503/240.72 miTyler Avenue, Grimsby3
£70004/240.73 miToothill Gardens, Grimsby, North East Lincs, DN34 3
£65003/240.74 miRoseveare Avenue, Grimsby3
£67504/240.75 miRoseveare Avenue, Grimsby, Lincolnshire, DN313
£62511/240.76 mi-3
£62505/240.76 miSpring Bank, Grimsby, DN343
£65002/250.77 mi-3
£99005/240.82 miMacaulay Park, Grimsby, DN313
£52508/240.84 mi-3
£62502/240.86 mi-3
£69503/240.88 miAshtree Avenue, Grimsby3
£79503/240.89 mi-3
£79510/240.89 mi-3
£67507/230.9 mi-3
£72503/240.91 miSanctuary Way, Grimsby, DN373
£62510/240.94 mi-3
£85012/240.94 miDefender Drive, Grimsby, Lincolnshire, DN373
£89512/240.95 miSt. Nicholas Drive, Wybers Wood, Grimsby, DN373
£49503/240.97 miElsenham Road, Grimsby3
£70003/250.99 mi-3
£55003/240.99 miLancaster Avenue, Grimsby3
£64007/231.01 mi-3
£46212/231.02 mi-3
£63001/241.02 mi-3
£64009/241.02 mi-3
£64508/241.02 mi-3
£65003/241.02 miMacaulay Street, Grimsby, DN313
£68004/241.02 mi-3
£57501/241.03 mi-3
£57501/241.03 mi-3
£85010/241.03 mi-3
£60004/241.04 mi-3
£60003/241.05 miLawrence Street, Grimsby3
£67007/231.07 mi-3
£55004/241.09 miCorporation Road, Grimsby3
£56303/241.1 mi-3
£56307/241.1 mi-3
£55004/241.11 miLord Street, Grimsby3
£59503/241.11 miJames Street, Grimsby, South Humberside, DN313
£62502/241.11 mi-3
£62502/241.11 mi-3

Local Area Statistics

Population in DN37

21,700

Population in Grimsby

124,581

Town centre distance

1.54 miles away

Nearest school

0.20 miles away

Nearest train station

0.42 miles away

 

 

Rental growth (12m)

-16%

Sales demand

Buyer's market

Capital growth (5yrs)

+17%

Property History

Price changed to £78,000

February 16, 2025

Listed for £80,000

January 20, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • REQUIRES MODERNISATION +
  • MID TERRACE HOME +
  • THREE BEDROOMS +
  • LOUNGE AND DINING ROOM +
  • GARDEN FRONT AND REAR +
  • EPC RATING D +
  • COUNCIL TAX BAND A +

OFFERED WITH NO CHAIN

Goodmove are pleased to offer this spacious mid terrace home which is located in Great Coates area of Grimsby which is amongst similar homes and is well served with the local amenities, road links, rail links and coast line.

The property will require some modernisation but in our opinion represents good value for money. We strongly recommend an early inspection.

The accommodation on offer briefly consists: entrance hall, lounge, dining room, kitchen, downstairs WC and utility room. Stairs then lead to the first floor landing with three bedrooms and the house bathroom.

Outside at the front is a garden with pathway and picket fence. An enclosed rear garden to landscape and outside store.

Disclaimer - 1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER GOODMOVE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Good Move, Leeds

0113 519 5462

Next Steps?

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