3 Bed Semi-Detached House, Single Let, Grimsby, DN34 5BZ, £115,000

Chelmsford Avenue, Grimsby, North East Lincs, DN34 5BZ - 5 views - 2 months ago

Auction
BTL
ROI: 5%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£69K - £220K
Sold Prices/m²£1.1K/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£139,233
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£600 - £900

Rent Estimate

£640

Running Costs/mo

£507

Cashflow/mo

£133

Cashflow/yr

£1,592

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £69K to £220K, average is £125K. £1.1K/m² to £2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£120K08/210.02 mi139, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5BZ3
£127K07/210.02 mi163, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5BZ3
£132.5K01/230.03 mi136, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5DA3
£125K10/210.07 mi174, Westward Ho, Grimsby, North East Lincolnshire DN34 5EN3
£127.5K06/210.08 mi164, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5DB3
£95K08/230.12 mi124, Carnforth Crescent, Grimsby, North East Lincolnshire DN34 5EF3
£105K07/210.12 mi104, Carnforth Crescent, Grimsby, North East Lincolnshire DN34 5EF3
£90K12/200.14 mi91, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SE3
£96K01/210.14 mi53, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SE3
£85.1K06/210.14 mi93, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SE3
£135K05/230.15 mi114a, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SD3
£117K11/210.15 mi100, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SD3
£90K11/200.15 mi88, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SD3
£69K02/210.15 mi100, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SD3
£119K01/230.15 mi59, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SE3
£162.5K05/230.16 mi42, Cambridge Road, Grimsby, North East Lincolnshire DN34 5EA3
£108K09/230.16 mi14, Westhill Road, Grimsby, North East Lincolnshire DN34 4SF3
£87.5K05/210.18 mi10, Eastern Inway, Grimsby, North East Lincolnshire DN34 5HF3
£105K11/200.23 miThe Willows, Littlefield Lane, Grimsby, North East Lincolnshire DN34 4PY3
£119.5K07/210.23 mi17, Western Outway, Grimsby, North East Lincolnshire DN34 5HE3
£140K09/210.23 mi53, Worcester Avenue, Grimsby, North East Lincolnshire DN34 5HN3
£125K03/210.24 mi227, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5BY3
£157K02/230.24 mi225, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5BY3
£106K05/230.24 mi31, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SA3
£100K12/220.24 mi15, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SA3
£125K06/230.24 mi37, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4SA3
£122.5K07/230.25 mi30, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4RZ3
£90K11/200.25 mi10, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4RZ3
£180K11/210.26 mi262, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5DF3
£117K11/210.26 mi27, Eastern Inway, Grimsby, North East Lincolnshire DN34 5HH3
£102K10/200.26 mi22, Eastern Inway, Grimsby, North East Lincolnshire DN34 5HH3
£130K06/210.28 mi76, Gloucester Avenue, Grimsby, North East Lincolnshire DN34 5BT3
£189K07/210.28 mi50, Gloucester Avenue, Grimsby, North East Lincolnshire DN34 5BT3
£160K11/200.28 mi54, Gloucester Avenue, Grimsby, North East Lincolnshire DN34 5BT3
£158K10/200.28 mi92, Gloucester Avenue, Grimsby, North East Lincolnshire DN34 5BT3
£220K05/230.29 mi233, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 5BX3
£159K12/200.29 mi14, Norwich Avenue, Grimsby, North East Lincolnshire DN34 5ET3
£182.5K02/230.29 mi49, Gloucester Avenue, Grimsby, North East Lincolnshire DN34 5BU3
£165K08/210.29 mi75, Gloucester Avenue, Grimsby, North East Lincolnshire DN34 5BU3
£147.5K03/230.29 mi27, Western Outway, Grimsby, North East Lincolnshire DN34 5EX3
£126K08/210.29 mi35, Western Outway, Grimsby, North East Lincolnshire DN34 5EX3
£121K12/220.29 mi2, Chelmsford Avenue, Grimsby, North East Lincolnshire DN34 4RZ3
£145K12/210.3 mi12, Kingston Avenue, Grimsby, North East Lincolnshire DN34 4QZ3
£138K04/210.31 mi15, Carson Avenue, Grimsby, North East Lincolnshire DN34 4QX3
£110K10/210.31 mi14, Carson Avenue, Grimsby, North East Lincolnshire DN34 4QX3
£165K01/210.32 mi186, Laceby Road, Grimsby, North East Lincolnshire DN34 5DP3
£179.9K05/210.32 mi200, Laceby Road, Grimsby, North East Lincolnshire DN34 5DP3
£165K01/230.32 mi216, Laceby Road, Grimsby, North East Lincolnshire DN34 5DP3
£102K07/210.32 mi16, Worcester Avenue, Grimsby, North East Lincolnshire DN34 5HB3
£93K02/210.33 mi45, Corinthian Avenue, Grimsby, North East Lincolnshire DN34 4QT3

Local Rents

17 rents from £600/mo to £900/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£72508/240.08 mi-3
£75008/240.12 mi-3
£67007/230.3 mi-3
£67507/230.34 mi-3
£79510/240.35 mi-3
£69503/240.39 miAshtree Avenue, Grimsby3
£79503/240.5 mi-3
£70004/240.53 miToothill Gardens, Grimsby, North East Lincs, DN34 3
£90004/240.54 miThe Cresta, Grimsby, N E Lincs, DN34 3
£82503/240.57 miSilver Birch Place, Grimsby, DN343
£89503/240.58 miStainton Drive, Grimsby, Lincolnshire, DN333
£85003/240.58 mi-3
£64007/230.58 mi-3
£69503/240.61 mi-3
£60012/230.61 mi-3
£69502/250.61 mi-3
£62505/240.61 miC3

Local Area Statistics

Population in DN34

19,205

Population in Grimsby

124,581

Town centre distance

0.54 miles away

Nearest school

0.30 miles away

Nearest train station

0.98 miles away

 

 

Rental growth (12m)

-18%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £115,000

January 31, 2025

Floor Plans

Description

  • Large Semi-Detached Home +
  • Immediate ‘exchange of contracts’ available +
  • Sold via ‘Secure Sale’ +
  • 3 Bedrooms +
  • Spacious Lounge through Dining Room +
  • Private Garden and Garage +
  • Ideal Family Home +
  • Council Tax Band B +
  • EPC Grade D +

This stunning semi-detached home is now available for sale via the modern auction system and offers a potential buyer a spacious property with distuingished character.

A house that would suit any owner/occuppier looking for a home with close ties to central Grimsby or an investor looking for a larger buyer to let home

The property enjoys an expansive plot with private gardens and deatached garage with access to light and power.

An ideal family home, it has enjoyed a scheme of works ranging from a new boiler to a freshly plastered first floor and new carpets in placess as well.

Accomodation conists of a well-appointed lounge through diner and a modern fitted kitchen. A ground floor extension provides an extensive boast to floorspace giving this property the extra, versatile reception space that would be the envy of many properties of this type.

The first floor consists of three sizable bedrooms and the modern family bathroom.

The loft has been part boarded with fixed lighting.

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Agent Details

Relo Estate Agents, Covering Grimsby

01472 404360

Next Steps?

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