3 Bed Semi-Detached House, Refurb/BRRR, Grimsby, DN32 0AS, £145,000

3 Weelsby Avenue, Grimsby - 9 views - 3 months ago

Refurb/BRRR
118 m²
+5 photos

ValuationOvervalued

Sold Prices£61K - £295K
Sold Prices/m²£598/m² - £2.8K/m²

 

 

Square Metres

118.20 m²
Price/m²£1.2K/m²

Value Estimate

£109,650

 

 

End Value (After Refurb)

£188,617

Uplift in Value

+30%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Refurb Costs

£47,553

Bridging Loan Interest

£3,806

Total Cash In

£94,910

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£188,617

Mortgage (After Refinance)

£141,463

Mortgage LTV

75%

Cash Released

£32,713

Cash Left In

£62,197

Equity

£47,154

Rent Range

£515 - £855

Rent Estimate

£634

Running Costs/mo

£736

Cashflow/mo

£-102

Cashflow/yr

£-1,227

Gross Yield

5%

Local Sold Prices

50 sold prices from £61K to £295K, average is £138.5K. £598/m² to £2.8K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£167K03/210.02 mi51, Weelsby Avenue, Grimsby, North East Lincolnshire DN32 0AU3
£169.9K01/210.06 mi55, Drew Avenue, Grimsby, North East Lincolnshire DN32 0AY3
£190K12/220.06 mi55, Drew Avenue, Grimsby, North East Lincolnshire DN32 0AY3
£168K06/210.09 mi19, Mirfield Road, Grimsby, North East Lincolnshire DN32 0AW3
£145K06/210.12 mi12, Weelsby Avenue, Grimsby, North East Lincolnshire DN32 0AQ3
£125K12/200.16 mi11, Weelsby Grove, Grimsby, North East Lincolnshire DN32 0AG3
£150K09/210.18 mi15, Dixon Avenue, Grimsby, North East Lincolnshire DN32 0AJ3
£210K08/230.18 mi37, Dixon Avenue, Grimsby, North East Lincolnshire DN32 0AJ3
£150K08/210.18 mi7, Dixon Avenue, Grimsby, North East Lincolnshire DN32 0AJ3
£155K06/210.18 mi4, Dixon Avenue, Grimsby, North East Lincolnshire DN32 0AJ3
£185K06/230.18 mi7, Dixon Avenue, Grimsby, North East Lincolnshire DN32 0AJ3
£95K10/210.19 mi204, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LB3
£218.5K04/230.24 mi5, Portland Place, Grimsby, North East Lincolnshire DN32 0AB3
£182.5K07/230.24 mi7, Portland Place, Grimsby, North East Lincolnshire DN32 0AB3
£199.9K02/210.24 mi5, Portland Place, Grimsby, North East Lincolnshire DN32 0AB3
£162K03/210.24 mi7, Portland Place, Grimsby, North East Lincolnshire DN32 0AB3
£295K10/220.25 mi1b, Lansdowne Avenue, Grimsby, North East Lincolnshire DN32 0DF3
£97K12/200.29 mi7, Bratton Court, Grimsby, North East Lincolnshire DN32 0AR3
£197.5K06/210.29 mi12, Portland Avenue, Grimsby, North East Lincolnshire DN32 0AA3
£70K05/230.3 mi77, Highfield Avenue, Grimsby, North East Lincolnshire DN32 0JW3
£159.5K05/210.31 mi196, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JR3
£149K02/230.31 mi179, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JP3
£130K04/210.31 mi1, Recto Avenue, Grimsby, North East Lincolnshire DN32 9RA3
£85K01/230.31 mi13, Gertrude Street, Grimsby, North East Lincolnshire DN32 0JN3
£141K05/230.32 mi188, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LB3
£136K02/230.33 mi400, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9QR3
£145K12/200.34 mi17, Revigo Avenue, Grimsby, North East Lincolnshire DN32 9RB3
£113K04/230.37 mi37, Algernon Street, Grimsby, North East Lincolnshire DN32 9QS3
£86.5K05/210.37 mi17, Algernon Street, Grimsby, North East Lincolnshire DN32 9QS3
£195K08/210.37 mi2, Responso Avenue, Grimsby, North East Lincolnshire DN32 9RG3
£185K11/200.39 mi12, Reporto Avenue, Grimsby, North East Lincolnshire DN32 9RE3
£157.5K01/210.39 mi18, Reporto Avenue, Grimsby, North East Lincolnshire DN32 9RE3
£104K02/210.39 mi397, Heneage Road, Grimsby, North East Lincolnshire DN32 9NQ3
£136K02/230.4 mi397, Heneage Road, Grimsby, North East Lincolnshire DN32 9NQ3
£110K10/210.41 mi141, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LA3
£100K02/210.41 mi115, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LA3
£85K04/210.41 mi113, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LA3
£133.5K06/230.41 mi130, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JS3
£76.8K12/200.42 mi11, Torrington Street, Grimsby, North East Lincolnshire DN32 9QH3
£104K11/210.45 mi25, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£95K08/230.45 mi21, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£90K05/230.45 mi10, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£83K09/210.48 mi326, Heneage Road, Grimsby, North East Lincolnshire DN32 9NJ3
£205K06/230.49 mi98, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0BP3
£160K09/230.49 mi102, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0BP3
£95K04/210.5 mi41, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0NE3
£61K04/210.5 mi49, Patrick Street, Grimsby, North East Lincolnshire DN32 9NT3
£125K09/210.5 mi44, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JU3
£80K06/230.51 mi11, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3
£66K03/210.51 mi26, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3

Local Rents

36 rents from £515/mo to £855/mo, average is £640/mo.

RentDateDistanceAddressBeds 
£67504/240.28 miFarebrother Street, Grimsby, Lincolnshire, DN323
£63001/240.32 mi-3
£65001/250.32 mi-3
£72504/240.4 miFlorence Street, Grimsby, Lincolnshire, DN323
£59510/230.41 mi-3
£72512/240.43 mi-3
£85512/240.44 mi-3
£62505/240.46 mi-3
£59503/240.46 miDavid Street, Grimsby3
£65004/240.5 miPatrick Street, Grimsby, South Humberside, DN323
£60004/240.5 miPatrick Street, Grimsby3
£62511/240.51 mi-3
£67507/240.51 mi-3
£65004/240.52 mi-3
£67504/250.52 mi-3
£62505/240.52 mi-3
£55007/230.53 mi-3
£69504/250.54 mi-3
£62512/240.54 mi-3
£55003/240.55 miDavid Street, Grimsby3
£70007/240.55 mi-3
£65001/240.55 mi-3
£62501/240.57 mi-3
£67512/240.57 mi-3
£69509/240.57 mi-3
£70003/250.57 mi-3
£55003/240.57 miWelholme Road, Grimsby, DN32 9LW3
£67504/250.58 mi-3
£65004/240.58 miGranville Street, Grimsby, Lincolnshire, DN323
£62504/240.58 mi-3
£51503/240.59 miPatrick Street, Grimsby, North East Lincolnshire, DN323
£51503/240.59 miPatrick Street, Grimsby, North East Lincolnshire, DN323
£55003/240.6 miHeneage Road,Grimsby3
£63005/240.6 mi-3
£63005/240.6 mi-3
£77503/250.61 mi-3

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

0.85 miles away

Nearest school

0.20 miles away

Nearest train station

1.02 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £145,000

January 26, 2025

Floor Plans

Description

  • Semi-Detached House +
  • Well Maintained With Modernisation Required +
  • Popular Location +
  • No Onward Chain +
  • Three Bedrooms +
  • Driveway And Garage +

We are pleased to present this charming 3-bedroom semi-detached house for sale, located in a popular location with excellent public transport links, nearby schools, and a variety of local amenities. This property is an ideal purchase for first-time buyers or families looking for a home they can make their own. Though the property requires modernising, it holds a great deal of potential. Comprising of three bedrooms, a single bathroom, a separate kitchen, and a reception room, the house offers ample space for comfortable living. One of the unique features of this property is that it comes with no onward chain, making the process of moving in as streamlined as possible. The house also boasts pleasant gardens that provide an outdoor haven for relaxation or a safe area for children to play. For additional storage, the property includes a garage. Furthermore, the house is fitted with uPVC double glazing and a gas central heating system, ensuring a comfortable living environment throughout the seasons. This house, with its potential and location, presents a fantastic opportunity for those looking to put their own stamp on a property. Please contact us to arrange a viewing or if you require further information. Tenure: Freehold,

Agent Details

Lovelle, Grimsby

01472 404571

Next Steps?

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