Potential 4-Bed HMO, Grimsby, DN32 9NT, £120,000

312D59 Patrick Street, Grimsby, DN32 9NT - 12 views - 2 months ago

Sold STC
HMO
ROI: 23%
102 m²
+30 photos

ValuationOvervalued

Sold Prices£58K - £265K
Sold Prices/m²£598/m² - £2.9K/m²

 

 

Square Metres

102.44 m²
Price/m²£1.2K/m²

Value Estimate

£90,529

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Room Rate

£458

Gross Rent

£1,832

Running Costs/mo

£1,176

Cashflow/mo

£656

Cashflow/yr

£7,878

ROI

23%

Gross Yield

18%

Local Sold Prices

50 sold prices from £58K to £265K, average is £88.5K. £598/m² to £2.9K/m², average is £884/m².

PriceDateDistanceAddressBeds 
£61K04/210.02 mi49, Patrick Street, Grimsby, North East Lincolnshire DN32 9NT3
£137.5K01/230.07 mi299, Heneage Road, Grimsby, North East Lincolnshire DN32 9NW3
£86K02/230.07 mi302, Heneage Road, Grimsby, North East Lincolnshire DN32 9NW3
£104K11/210.07 mi25, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£95K08/230.07 mi21, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£90K05/230.07 mi10, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£61.5K11/200.1 mi168, Welholme Road, Grimsby, North East Lincolnshire DN32 9LP3
£76.8K12/200.11 mi11, Torrington Street, Grimsby, North East Lincolnshire DN32 9QH3
£83K09/210.11 mi326, Heneage Road, Grimsby, North East Lincolnshire DN32 9NJ3
£80K06/230.12 mi11, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3
£66K03/210.12 mi26, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3
£72K07/230.12 mi26, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3
£75K03/210.13 mi97, Patrick Street, Grimsby, North East Lincolnshire DN32 9PQ3
£58K12/200.14 mi81, David Street, Grimsby, North East Lincolnshire DN32 9NN3
£58K12/200.14 mi81, David Street, Grimsby, North East Lincolnshire DN32 9NN3
£110K06/230.15 mi90, Granville Street, Grimsby, North East Lincolnshire DN32 9NU3
£86K02/210.15 mi136, Granville Street, Grimsby, North East Lincolnshire DN32 9NU3
£100K10/210.15 mi114, Granville Street, Grimsby, North East Lincolnshire DN32 9NU3
£61K11/200.15 mi4, Hare Street, Grimsby, North East Lincolnshire DN32 9LA3
£87K08/230.15 mi60, Hare Street, Grimsby, North East Lincolnshire DN32 9LA3
£82.8K02/230.16 mi131, Patrick Street, Grimsby, North East Lincolnshire DN32 9PQ3
£80K04/230.17 mi222, Welholme Road, Grimsby, North East Lincolnshire DN32 9JB3
£113K04/230.18 mi37, Algernon Street, Grimsby, North East Lincolnshire DN32 9QS3
£86.5K05/210.18 mi17, Algernon Street, Grimsby, North East Lincolnshire DN32 9QS3
£265K09/230.18 mi47, Torrington Street, Grimsby, North East Lincolnshire DN32 9QJ3
£83K11/210.18 mi63, Torrington Street, Grimsby, North East Lincolnshire DN32 9QJ3
£136K02/230.18 mi400, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9QR3
£136K02/230.19 mi397, Heneage Road, Grimsby, North East Lincolnshire DN32 9NQ3
£104K02/210.2 mi397, Heneage Road, Grimsby, North East Lincolnshire DN32 9NQ3
£75K03/230.2 mi326, Willingham Street, Grimsby, North East Lincolnshire DN32 9QD3
£70K05/230.23 mi77, Highfield Avenue, Grimsby, North East Lincolnshire DN32 0JW3
£125K09/210.24 mi44, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JU3
£130K04/210.24 mi1, Recto Avenue, Grimsby, North East Lincolnshire DN32 9RA3
£85K01/230.24 mi13, Gertrude Street, Grimsby, North East Lincolnshire DN32 0JN3
£133.5K06/230.24 mi130, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JS3
£145K12/200.24 mi17, Revigo Avenue, Grimsby, North East Lincolnshire DN32 9RB3
£97K12/200.26 mi7, Bratton Court, Grimsby, North East Lincolnshire DN32 0AR3
£67.5K07/230.26 mi319, Convamore Road, Grimsby, North East Lincolnshire DN32 9HZ3
£185K11/200.26 mi12, Reporto Avenue, Grimsby, North East Lincolnshire DN32 9RE3
£157.5K01/210.26 mi18, Reporto Avenue, Grimsby, North East Lincolnshire DN32 9RE3
£149K02/230.26 mi179, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JP3
£62K02/210.26 mi130, Lambert Road, Grimsby, North East Lincolnshire DN32 0NS3
£95K04/210.28 mi41, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0NE3
£102K11/200.28 mi4, Seamer Grove, Grimsby, North East Lincolnshire DN32 9TH3
£139.9K11/200.28 mi8, Seamer Grove, Grimsby, North East Lincolnshire DN32 9TH3
£159.5K05/210.28 mi196, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JR3
£115K11/200.28 mi87, Welholme Road, Grimsby, North East Lincolnshire DN32 0NL3
£71K03/230.29 mi228, Willingham Street, Grimsby, North East Lincolnshire DN32 9PY3
£65K02/210.29 mi201, Willingham Street, Grimsby, North East Lincolnshire DN32 9PX3
£100K02/210.3 mi115, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LA3

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

0.82 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £120,000

February 11, 2025

Floor Plans

Description

  • Great Investment Opportunity +
  • Property Ready For HMO Licence +
  • Gas Central Heating +
  • Potential Annual Income of £22k +
  • Short Walk To Amenities +
  • Five Good Sized Bedrooms +
  • Prominent Grimsby Location +
  • Easy Access To Grimsby Town Centre +
  • Council Tax Band A +

Farrow Estate Agents are pleased to offer this converted 5 Bedroom HMO Property to the market with No onward chain. Having been recently transformed to meet HMO Licencing standards, potential buyers will be pleased with size of accommodation on offer.
Found in this popular central location - this superb home sits perfectly within walking distance to Grimsby town centre, enabling convenient access to both, making this the perfect purchase for a multitude of buyers!
This briefly comprises: secured entrance hallway leading to the stairs, opened planned reception / kitchen area with ample space for appliances, downstairs shower room and 5 decent sized bedrooms.
Externally, there is a low maintenance and enclosed rear garden which provides the perfect space for entertaining throughout the summer months.
With gas central heating and double glazing throughout.
This property offers the buyer a potential annual income of approximately £22k.
Viewing is highly recommended!!!

Entrance Hallway -

Bedroom 1 - 3.68m x 2.74m (12'1 x 9'0) -

Bedroom 2 - 3.40m x 3.23m (11'2 x 10'7) -

Kitchen / Reception Room - 7.26m x 2.59m (23'10 x 8'6) -

Bathroom -

Bedroom 3 - 4.27m x 3.40m (14'0 x 11'2) -

Bedroom 4 - 3.68m x 2.77m (12'1 x 9'1) -

Bedroom 5 - 4.57m x 2.90m (15'0 x 9'6) -

Rear Garden -

Agent Details

Farrow Estate Agent Ltd, Grimsby

01472 907517

Next Steps?

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