2 Bed Flat, Single Let, Grimsby, DN37 9LY, £55,000
211C8 Matlock Drive, Grimsby, DN37 9LY - 3 months ago
Leasehold
BTL
ROI: 11%
~59 m²





+14 photos
ValuationUndervalued
Sold Prices | £42.5K - £105K |
Sold Prices/m² | £833/m² - £1.6K/m² |
| |
Square Metres | ~59.30 m² |
Price/m² | £927/m² |
Value Estimate | £68,200 |
BMV | 24% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £13,750 |
Stamp Duty & Legal Fees | £3,950 |
Total Cash In | £17,700 |
| |
Cash Out | |
Rent Range | £450 - £950 |
Rent Estimate | £450 |
Running Costs/mo | £282 |
Cashflow/mo | £168 |
Cashflow/yr | £2,018 |
ROI | 11% |
Gross Yield | 10% |
Local Sold Prices
21 sold prices from £42.5K to £105K, average is £84K. £833/m² to £1.6K/m², average is £1.3K/m².
Local Rents
47 rents from £450/mo to £950/mo, average is £600/mo.
Local Area Statistics
Population in DN37 | 21,700 |
Population in Grimsby | 124,581 |
Town centre distance | 1.36 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.58 miles away |
| |
Rental growth (12m) | -16% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +17% |
Property History
Price changed to £55,000
April 5, 2025
Listed for £60,000
January 22, 2025
Floor Plans

Description
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