3 Bed Semi-Detached House, Refurb/BRRR, Cleethorpes, DN35 9NB, £165,000

31 Sea View Street, Cleethorpes, North East Lincolnshire, DN35 8EU - 1 views - 2 months ago

Sold STC
Refurb/BRRR
~93 m²
+17 photos

ValuationFair Value

Sold Prices£105K - £300K
Sold Prices/m²£1.4K/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£165,000

 

 

End Value (After Refurb)

£193,750

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Refurb Costs

£37,567

Bridging Loan Interest

£4,331

Total Cash In

£91,048

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£193,750

Mortgage (After Refinance)

£145,313

Mortgage LTV

75%

Cash Released

£21,563

Cash Left In

£69,485

Equity

£48,438

Rent Range

£515 - £2,200

Rent Estimate

£787

Running Costs/mo

£783

Cashflow/mo

£4

Cashflow/yr

£50

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £105K to £300K, average is £156.3K. £1.4K/m² to £3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£152.5K10/210.07 mi3, Balmoral Road, Cleethorpes, North East Lincolnshire DN35 9ND3
£128K07/230.07 mi13, Durham Road, Cleethorpes, North East Lincolnshire DN35 9LU3
£105K06/210.07 mi17, Durham Road, Cleethorpes, North East Lincolnshire DN35 9LU3
£112K12/200.07 mi17, Durham Road, Cleethorpes, North East Lincolnshire DN35 9LU3
£130K07/210.07 mi135, Davenport Drive, Cleethorpes, North East Lincolnshire DN35 9NH3
£131K05/230.08 mi27, Chatsworth Place, Cleethorpes, North East Lincolnshire DN35 9NG3
£155K11/220.09 mi21, Welbeck Road, Cleethorpes, North East Lincolnshire DN35 9LX3
£152K03/230.1 mi29, Sandringham Road, Cleethorpes, North East Lincolnshire DN35 9HA3
£115K06/210.12 mi14, York Place, Cleethorpes, North East Lincolnshire DN35 9LW3
£166K09/230.13 mi3, Curzon Court, Cleethorpes, North East Lincolnshire DN35 9HE3
£279.9K12/210.15 mi38, Ashridge Drive, Cleethorpes, North East Lincolnshire DN35 9NL3
£216K09/210.16 mi26, Ashridge Drive, Cleethorpes, North East Lincolnshire DN35 9NN3
£215K06/230.16 mi27, Ashridge Drive, Cleethorpes, North East Lincolnshire DN35 9NN3
£157.5K07/210.16 mi11, Ashridge Drive, Cleethorpes, North East Lincolnshire DN35 9NN3
£140K08/210.17 mi72, Davenport Drive, Cleethorpes, North East Lincolnshire DN35 9JR3
£143K03/210.17 mi8, Warwick Road, Cleethorpes, North East Lincolnshire DN35 9EY3
£143K05/230.18 mi85, Davenport Drive, Cleethorpes, North East Lincolnshire DN35 9JP3
£245K02/230.23 mi4, Vaughan Avenue, Grimsby, North East Lincolnshire DN32 8QD3
£115K08/210.24 mi13, Warwick Road, Cleethorpes, North East Lincolnshire DN35 9EU3
£148K10/210.27 mi73, Sandringham Road, Cleethorpes, North East Lincolnshire DN35 9DS3
£170K11/220.27 mi83, Sandringham Road, Cleethorpes, North East Lincolnshire DN35 9DS3
£131K11/210.28 mi16, Penshurst Road, Cleethorpes, North East Lincolnshire DN35 9EG3
£138K04/210.28 mi12, Penshurst Road, Cleethorpes, North East Lincolnshire DN35 9EG3
£138K09/210.28 mi70, Penshurst Road, Cleethorpes, North East Lincolnshire DN35 9EG3
£225K03/230.29 mi17, Vivian Avenue, Grimsby, North East Lincolnshire DN32 8QF3
£263K06/210.29 mi14, Vivian Avenue, Grimsby, Humberside DN32 8QF3
£260K03/210.3 mi174, Weelsby Road, Grimsby, North East Lincolnshire DN32 8QQ3
£142K03/230.3 mi28, Montgomery Road, Cleethorpes, North East Lincolnshire DN35 9JL3
£167K09/210.31 mi11, Cridling Place, Cleethorpes, North East Lincolnshire DN35 9ER3
£134.3K02/210.31 mi10, Cridling Place, Cleethorpes, North East Lincolnshire DN35 9ER3
£197.5K03/210.31 mi17, Cridling Place, Cleethorpes, North East Lincolnshire DN35 9ER3
£215K07/230.31 mi14, Dudley Place, Cleethorpes, North East Lincolnshire DN35 9EW3
£125K12/200.31 mi33, Dudley Place, Cleethorpes, North East Lincolnshire DN35 9EW3
£210K06/210.31 mi113, Penshurst Road, Cleethorpes, North East Lincolnshire DN35 9ES3
£300K04/230.33 mi33, Clee Crescent, Grimsby, North East Lincolnshire DN32 8LX3
£200K06/230.33 mi13, Clee Crescent, Grimsby, North East Lincolnshire DN32 8LX3
£197.5K01/210.33 mi19, Clee Crescent, Grimsby, North East Lincolnshire DN32 8LX3
£175K04/230.33 mi28, Brian Avenue, Cleethorpes, North East Lincolnshire DN35 9DD3
£135K11/230.34 mi10, Ann Grove, Cleethorpes, North East Lincolnshire DN35 9DA3
£140K12/200.35 mi73, Brian Avenue, Cleethorpes, North East Lincolnshire DN35 9DE3
£160K10/200.35 mi24, Clee Crescent, Grimsby, Humberside DN32 8LS3
£175K03/230.35 mi109, Sandringham Road, Cleethorpes, North East Lincolnshire DN35 9DR3
£137.5K04/210.35 mi119, Sandringham Road, Cleethorpes, North East Lincolnshire DN35 9DR3
£180K11/200.36 mi156, Clee Road, Grimsby, North East Lincolnshire DN32 8NL3
£220K11/230.37 mi8, Brian Avenue, Cleethorpes, North East Lincolnshire DN35 9BZ3
£137K11/200.37 mi75, Penshurst Road, Cleethorpes, North East Lincolnshire DN35 9EL3
£215K04/230.38 mi6, Irby Court, Cleethorpes, North East Lincolnshire DN35 9PD3
£175K05/230.38 mi33, Normandy Road, Cleethorpes, North East Lincolnshire DN35 9JA3
£127.5K03/210.38 mi130, Penshurst Road, Cleethorpes, North East Lincolnshire DN35 9EN3
£180K05/210.38 mi160, Penshurst Road, Cleethorpes, North East Lincolnshire DN35 9EN3

Local Rents

51 rents from £515/mo to £2.2K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£95003/240.16 mi-3
£67504/240.24 miWarwick Road, Cleethorpes3
£75002/250.36 mi-3
£1,00004/240.44 mi-3
£1,00002/250.44 mi-3
£79503/240.46 miFrobisher Avenue, Grimsby3
£85003/250.55 mi-3
£75003/240.63 miEscart Avenue, Grimsby3
£70004/240.63 miEscart Avenue, Grimsby3
£70005/240.63 miEscart Avenue, Grimsby3
£78503/240.68 miWollaston Road, Cleethorpes, Lincolnshire, DN353
£95003/240.68 miBeaufort Crescent, Cleethorpes3
£67503/250.72 mi-3
£71004/240.72 miEdward Street, Cleethorpes, Lincolnshire, DN353
£95003/240.72 miPytchley Walk, Cleethorpes, DN353
£2,20003/250.73 mi-3
£77504/240.74 miEdward Street, Cleethorpes, Lincolnshire, DN353
£77504/240.74 miEdward Street, Cleethorpes, Lincolnshire, DN353
£70005/240.76 miCrowhill Avenue, Cleethorpes3
£76003/250.76 mi-3
£75003/240.77 miCottesmore Road, Cleethorpes3
£69503/240.77 miBentley Street, Cleethorpes, DN35 8DN3
£69504/240.79 miKew Road, Cleethorpes3
£79002/250.81 mi-3
£69503/240.82 miGlebe Road, Cleethorpes3
£67503/240.82 miSimons Place, Cleethorpes3
£75003/240.83 miRobert Pearson Mews,Grimsby3
£1,97003/250.83 mi-3
£95012/240.84 mi-3
£99503/250.84 mi-3
£65003/250.84 mi-3
£99502/250.85 mi-3
£76002/250.87 mi-3
£75003/250.87 mi-3
£70007/240.88 mi-3
£99502/250.88 mi-3
£67503/240.89 miSt Peters Avenue, Cleethorpes3
£75002/240.9 mi-3
£65004/240.91 mi-3
£55007/230.91 mi-3
£99502/250.93 mi-3
£79503/240.94 miFairmont Road, Grimsby, N E Lincs, DN323
£85003/240.95 miHighgate, Cleethorpes3
£62501/240.95 mi-3
£67512/240.95 mi-3
£63005/240.96 mi-3
£63005/240.96 mi-3
£55003/240.97 miDavid Street, Grimsby3
£67503/240.97 miBennett Road, Cleethorpes3
£51503/240.98 miPatrick Street, Grimsby, North East Lincolnshire, DN323
£51503/240.98 miPatrick Street, Grimsby, North East Lincolnshire, DN323

Local Area Statistics

Population in DN35

34,530

Town centre distance

0.86 miles away

Nearest school

0.10 miles away

Nearest train station

1.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+51%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £165,000

February 6, 2025

Description

  • REFURBISHMENT PROJECT +
  • Three Bedroom Semi Detached Property +
  • Excellent Potential +
  • Popular Cleethorpes Location +
  • Spacious Corner Plot Garden +
  • Off Road Parking To The Rear +

A traditional bay fronted semi detached home offering excellent potential for modernisation and refurbishment. The property occupies a generous corner position having good sized lawned gardens, and off road parking.
Located towards Humberston Road, in this popular area of Cleethorpes, ideally placed for local amenities, primary and secondary schools, and a short distance from the town centre and seafront.
Well maintained, the property has been in the same family ownership for over fifty years, and now offers an exciting opportunity for the new owner to make their mark. The accommodation comprises; entrance hall, a spacious dual aspect living room, kitchen, and to the first floor are three bedrooms and a shower room. Outside, there are wrap around gardens to three sides with a useful storage outhouse/wc, and gated driveway at the rear. Viewing Highly Recommended...Offered for sale with No Forward Chain.

Entrance Hall - With a side aspect window, and staircase to the first floor.

Living Room - 6.70 x 3.93 (21'11" x 12'10") - Measured into bay.
A dual aspect sitting/dining room, having a bay window to the front and further window overlooking the rear garden.

Kitchen - 4.19 x 3.34 (13'8" x 10'11") - Fitted kitchen including understairs storage cupboard/pantry. Side aspect window, and access onto the rear garden.

First Floor Landing - With a side aspect window, built-in storage cupboard, and access to the loft.

Bedroom 1 - 4.21 x 3.92 (13'9" x 12'10") - Measured into bay.
With a bay window to front aspect and feature fireplace.

Bedroom 2 - 3.68 x 2.60 (12'0" x 8'6") - To rear aspect, with a walk-in storage cupboard housing the gas central heating boiler.

Bedroom 3 - 2.72 x 2.61 (8'11" x 8'6") - To front aspect, with stairs bulkhead incorporating storage.

Shower Room - 1.94 x 1.67 (6'4" x 5'5") - Fitted with a shower enclosure, pedestal basin and wc. Heated towel rail. Obscure glazed window.

Outside - Set on a corner position, the property has gardens to three sides which are mainly laid to lawn. Gated driveway accessed via Balmoral Road.

Tenure - FREEHOLD

Council Tax Band - B

Agent Details

Argyle Estate Agents, Cleethorpes

01472 404597

Next Steps?

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