3 Bed Terraced House, Single Let, Grimsby, DN31 2RL, £85,000

Gilbey Road, Grimsby, Lincolnshire, DN31 2RL - a month ago

BTL
ROI: 5%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£40K - £122K
Sold Prices/m²£449/m² - £1.4K/m²

 

 

Square Metres

~93 m²
Price/m²£914/m²

Value Estimate

£77,299

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£462 - £990

Rent Estimate

£495

Running Costs/mo

£385

Cashflow/mo

£110

Cashflow/yr

£1,325

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £40K to £122K, average is £68K. £449/m² to £1.4K/m², average is £831/m².

PriceDateDistanceAddressBeds 
£50K05/210 mi57, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RL3
£68K06/230.03 mi30, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RN3
£47K09/200.04 mi14, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QR3
£68K02/230.04 mi28, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QR3
£50K06/230.05 mi22, Dunmow Street, Grimsby, North East Lincolnshire DN31 2RE3
£65K12/220.05 mi93, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RU3
£40K10/200.06 mi25, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QP3
£62K06/230.1 mi97, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£55K05/210.1 mi97, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£55K05/210.1 mi113, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£47K01/230.1 mi121, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£50K08/210.13 mi6, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£54K02/210.13 mi13, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£75K08/210.13 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£43K10/200.13 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£59K06/210.14 mi249, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£90K11/220.14 mi237, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£93K12/220.14 mi1, Harlow Street, Grimsby, North East Lincolnshire DN31 2QX3
£56K02/210.15 mi10, Beeson Grove, Grimsby, Humberside DN31 2QJ3
£74.5K12/220.15 mi164, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RP3
£47K09/200.15 mi126, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RP3
£95K01/220.17 mi35, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£84K12/220.18 mi100, Boulevard Avenue, Grimsby, North East Lincolnshire DN31 2JH3
£83K12/200.19 mi26, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£88K01/210.19 mi33a, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£64K04/230.2 mi141, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RR3
£60K03/210.2 mi33, Joseph Street, Grimsby, North East Lincolnshire DN31 2NU3
£47K10/200.23 mi185, Corporation Road, Grimsby, North East Lincolnshire DN31 2PY3
£100K02/230.26 mi196, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£65K04/210.26 mi176, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£87K08/230.26 mi155, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RY3
£46K10/200.26 mi153, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RY3
£50K08/210.26 mi153, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RY3
£60K07/230.26 mi66, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PA3
£46K06/210.28 mi153, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£122K02/230.28 mi117, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£90K12/220.29 mi46, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£78.5K07/210.29 mi62, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£75K02/230.3 mi144, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£70K02/230.3 mi140, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£87K12/200.3 mi44, Lister Street, Grimsby, North East Lincolnshire DN31 2JG3
£80K06/210.31 mi46, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PB3
£60K02/210.32 mi71, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£76K05/210.32 mi36, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£80K10/200.33 mi24, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA3
£95K11/200.33 mi35, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA3
£71K04/210.33 mi2, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA3
£90K09/220.33 mi12, Haven Gardens, Grimsby, North East Lincolnshire DN31 2UA3
£70K07/210.34 mi27, Lister Street, Grimsby, Humberside DN31 2HZ3
£82.5K01/230.34 mi220, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EJ3

Local Rents

52 rents from £462/mo to £990/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£63001/240.07 mi-3
£64009/240.07 mi-3
£49503/240.09 miElsenham Road, Grimsby3
£55004/240.11 miCorporation Road, Grimsby3
£59503/240.14 miCorporation Road, Grimsby3
£62510/240.14 mi-3
£62502/240.14 mi-3
£52508/240.2 mi-3
£59503/240.23 miJames Street, Grimsby, South Humberside, DN313
£52503/240.23 miCorporation Road, Grimsby3
£60003/240.25 miLawrence Street, Grimsby3
£64508/240.25 mi-3
£56301/240.26 mi-3
£56304/240.26 mi-3
£99005/240.27 miMacaulay Park, Grimsby, DN313
£48503/240.27 miHenry Street, Grimsby, DN31 2JB3
£55004/240.28 miLord Street, Grimsby3
£56006/240.28 mi-3
£52503/240.33 miHaycroft Street, Grimsby3
£65003/240.33 miMacaulay Street, Grimsby, DN313
£68004/240.33 mi-3
£46212/230.34 mi-3
£62502/240.34 mi-3
£62502/240.34 mi-3
£62504/240.34 mi-3
£56303/240.36 mi-3
£56307/240.36 mi-3
£93003/240.37 miMacaulay Park, Grimsby, DN313
£93003/240.38 miMacaulay Park, Grimsby, DN313
£55003/240.38 miLancaster Avenue, Grimsby3
£95503/240.39 miMacaulay Park, Grimsby, DN313
£96503/240.39 miMacaulay Park, Grimsby, DN313
£96503/240.39 miMacaulay Park, Grimsby, DN313
£60004/240.4 mi-3
£93003/240.4 miMacaulay Park, Grimsby, DN313
£93003/240.4 miMacaulay Park, Grimsby, DN313
£65001/250.43 mi-3
£67504/240.43 miRoseveare Avenue, Grimsby, Lincolnshire, DN313
£65012/240.45 mi-3
£53503/240.46 miRipon Street, Grimsby, N E Lincolnshire, DN313
£57503/240.47 miAiredale Way, Grimsby3
£57501/240.5 mi-3
£57501/240.5 mi-3
£85010/240.5 mi-3
£65003/240.52 miRoseveare Avenue, Grimsby3
£63503/240.52 miTyler Avenue, Grimsby3
£67511/240.52 mi-3
£49507/230.53 mi-3
£69511/230.54 mi-3
£60010/240.55 mi-3
£62510/240.55 mi-3
£62505/240.55 miSpring Bank, Grimsby, DN343

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

1.08 miles away

Nearest school

0.20 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £85,000

February 8, 2025

Floor Plans

Description

  • Immaculate modern decor +
  • Spacious reception room +
  • Open kitchen/dining room +
  • Three well-proportioned bedrooms +
  • Modern three-piece bathroom +
  • Low maintenance gardens +
  • Charming summerhouse +
  • No forward chain +
  • Favorable rental yield +
  • Council Tax Band A +

We are proud to present this immaculate three-bedroom end of terraced house, currently listed for sale. This property has been expertly refurbished with a modern decor, creating a welcoming and stylish ambiance.

The house features a single, spacious reception room – perfect for entertaining or relaxing. Moving on to the heart of the home, you will find an open kitchen/dining room. This large kitchen comes primed with both eye and base level units, providing ample storage and workspace for the culinary enthusiast.

Accommodation consists of three well-proportioned bedrooms, two of which are doubles, with the third being a single. All rooms have been meticulously maintained, mirroring the immaculate condition seen throughout the property. The modern three-piece bathroom suite adds a touch of elegance and sophistication.

Outside, the property benefits from low maintenance front and rear gardens, with a charming summerhouse offering additional space for enjoyment during the warmer months.

This home is a fantastic opportunity for first-time buyers or investors. With no forward chain, it's ready for tenants to move in straight away. It's estimated to achieve a rental income of £620 per calendar month, which equates to a gross yield of 8.8%.

The property falls under Council Tax Band A and has an EPC rating of D.

In summary, this refurbished three-bedroom terraced house, with its modern interiors, low maintenance gardens and favourable rental yield, represents a highly desirable purchase. Don't miss out on this excellent opportunity.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

GRI250019/2

Agent Details

Reeds Rains, Grimsby

01472 404505

Next Steps?

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