2 Bed Terraced House, Single Let, Grimsby, DN36 5XH, £94,000

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

BTL
ROI: 4%
~63 m²
+6 photos

ValuationUndervalued

Sold Prices£50K - £200K
Sold Prices/m²£641/m² - £2.5K/m²

 

 

Square Metres

~62.80 m²
Price/m²£1.5K/m²

Value Estimate

£116,560
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,500

Stamp Duty & Legal Fees

£5,900

Total Cash In

£29,400

 

 

Cash Out

 

Rent Range

£525 - £525

Rent Estimate

£525

Running Costs/mo

£419

Cashflow/mo

£106

Cashflow/yr

£1,275

ROI

4%

Gross Yield

7%

Local Sold Prices

10 sold prices from £50K to £200K, average is £120K. £641/m² to £2.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£90K01/220.02 mi70, Dyke Road, North Cotes, Grimsby, Lincolnshire DN36 5XH2
£50K05/210.06 mi2, Marsh Way, North Cotes, Grimsby, Lincolnshire DN36 5XJ2
£75K03/210.06 mi30, Marsh Way, North Cotes, Grimsby, Lincolnshire DN36 5XJ2
£79K04/210.06 mi1, Marsh Way, North Cotes, Grimsby, Lincolnshire DN36 5XJ2
£200K03/231.3 miThe Old Bakery, Lock Road, North Cotes, Grimsby, Lincolnshire DN36 5UP2
£155K07/211.76 mi6, Plumtree Drive, Marshchapel, Grimsby, Lincolnshire DN36 5TS2
£130K09/211.83 mi2, Swaby Mews, Marshchapel, Grimsby, Lincolnshire DN36 5SP2
£145K09/231.83 mi2, Swaby Mews, Marshchapel, Grimsby, Lincolnshire DN36 5SP2
£120K04/211.87 mi19, Swaby Close, Marshchapel, Grimsby, Lincolnshire DN36 5SA2
£120K07/211.97 miChurch View, Church Lane, Marshchapel, Grimsby, Lincolnshire DN36 5TW2

Local Rents

1 rents from £525/mo to £525/mo, average is £525/mo.

RentDateDistanceAddressBeds 
£52503/241.56 miSea Dyke Way, Marshchapel, DN36 5TF2

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

7.49 miles away

Nearest school

1.30 miles away

Nearest train station

5.71 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £94,000

March 28, 2025

Listed for £97,500

January 22, 2025

Floor Plans

Description

  • Two bedroom terraced property +
  • Popular established location +
  • uPVC double glazing +
  • Entrance hall, lounge, kitchen, porch and utility to the ground floor +
  • Landing, two bedrooms and a bathroom to the first floor +
  • Front and rear gardens +
  • Viewing is advised +
  • Energy performance rating E and Council tax band A +

Crofts estate agents are pleased to be able to bring to market this two bedroom terraced property situated in North Cotes and creates an ideal first time or investment purchase. The ground floor of the property comprises of a entrance hallway, well proportioned living room to the rear, kitchen and utility/porch area. To the first floor there are two bedrooms with integrated storage, and a family bathroom. There are gardens to both the front and rear, with the rear garden benefitting from a reasonably sunny aspect. uPVC double glazing and stove fired 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 💪