3 Bed Terraced House, Single Let, Grimsby, DN32 9HY, £65,000

Convamore Road, Grimsby, Lincolnshire, DN32 9HY - 7 views - 2 months ago

BTL
ROI: 17%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£55K - £137.5K
Sold Prices/m²£524/m² - £1.4K/m²

 

 

Square Metres

~93 m²
Price/m²£699/m²

Value Estimate

£78,342
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Total Cash In

£19,400

 

 

Cash Out

 

Rent Range

£515 - £1,970

Rent Estimate

£620

Running Costs/mo

£347

Cashflow/mo

£273

Cashflow/yr

£3,275

ROI

17%

Gross Yield

11%

Local Sold Prices

50 sold prices from £55K to £137.5K, average is £80K. £524/m² to £1.4K/m², average is £842/m².

PriceDateDistanceAddressBeds 
£73K09/210.03 mi317, Convamore Road, Grimsby, North East Lincolnshire DN32 9HY3
£67.5K07/230.06 mi319, Convamore Road, Grimsby, North East Lincolnshire DN32 9HZ3
£65K07/230.11 mi246, Convamore Road, Grimsby, North East Lincolnshire DN32 9HX3
£95.5K05/230.11 mi255, Convamore Road, Grimsby, North East Lincolnshire DN32 9HU3
£57K01/230.12 mi39, Donnington Street, Grimsby, North East Lincolnshire DN32 9EN3
£80K04/230.13 mi222, Welholme Road, Grimsby, North East Lincolnshire DN32 9JB3
£65K07/230.15 mi92, Sixhills Street, Grimsby, North East Lincolnshire DN32 9HT3
£65K03/230.16 mi67, Sixhills Street, Grimsby, North East Lincolnshire DN32 9HS3
£73K02/230.17 mi65, Sixhills Street, Grimsby, North East Lincolnshire DN32 9HS3
£82K07/230.17 mi20, Fairmont Road, Grimsby, North East Lincolnshire DN32 8DZ3
£75K11/210.17 mi21, Cooper Road, Grimsby, North East Lincolnshire DN32 8DF3
£88K08/230.17 mi29, Cooper Road, Grimsby, North East Lincolnshire DN32 8DF3
£90K02/230.17 mi34, Cooper Road, Grimsby, North East Lincolnshire DN32 8DF3
£110K06/230.18 mi90, Granville Street, Grimsby, North East Lincolnshire DN32 9NU3
£86K02/210.18 mi136, Granville Street, Grimsby, North East Lincolnshire DN32 9NU3
£100K10/210.18 mi114, Granville Street, Grimsby, North East Lincolnshire DN32 9NU3
£82K02/230.18 mi70, Durban Road, Grimsby, North East Lincolnshire DN32 8BD3
£72K06/230.2 mi5, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9EF3
£61K11/200.2 mi4, Hare Street, Grimsby, North East Lincolnshire DN32 9LA3
£87K08/230.2 mi60, Hare Street, Grimsby, North East Lincolnshire DN32 9LA3
£82.8K02/230.21 mi131, Patrick Street, Grimsby, North East Lincolnshire DN32 9PQ3
£77.5K12/200.21 mi448, Weelsby Street, Grimsby, North East Lincolnshire DN32 8DJ3
£61.5K11/200.22 mi168, Welholme Road, Grimsby, North East Lincolnshire DN32 9LP3
£70K08/210.22 mi1, Thomas Street, Grimsby, North East Lincolnshire DN32 9HP3
£75K03/210.22 mi97, Patrick Street, Grimsby, North East Lincolnshire DN32 9PQ3
£81K01/230.24 mi480, Weelsby Street, Grimsby, North East Lincolnshire DN32 8DL3
£115K01/230.24 mi506, Weelsby Street, Grimsby, North East Lincolnshire DN32 8DN3
£112K05/230.25 mi1a, Buller Street, Grimsby, North East Lincolnshire DN32 8BL3
£94K01/230.25 mi92, Heneage Road, Grimsby, North East Lincolnshire DN32 9JJ3
£100K03/230.26 mi59, Fairmont Road, Grimsby, North East Lincolnshire DN32 8DY3
£55K06/210.26 mi55, Heneage Road, Grimsby, North East Lincolnshire DN32 9JJ3
£80K03/230.26 mi67, Heneage Road, Grimsby, North East Lincolnshire DN32 9JJ3
£75K06/210.26 mi59, Durban Road, Grimsby, North East Lincolnshire DN32 8BA3
£58K12/200.27 mi81, David Street, Grimsby, North East Lincolnshire DN32 9NN3
£83K05/230.27 mi61, Columbia Road, Grimsby, North East Lincolnshire DN32 8EB3
£110K07/230.27 mi76, Columbia Road, Grimsby, North East Lincolnshire DN32 8EB3
£58K12/200.27 mi81, David Street, Grimsby, North East Lincolnshire DN32 9NN3
£78K02/210.27 mi383, Weelsby Street, Grimsby, North East Lincolnshire DN32 8BJ3
£65K02/210.27 mi201, Willingham Street, Grimsby, North East Lincolnshire DN32 9PX3
£137.5K01/230.28 mi299, Heneage Road, Grimsby, North East Lincolnshire DN32 9NW3
£86K02/230.28 mi302, Heneage Road, Grimsby, North East Lincolnshire DN32 9NW3
£105K05/230.28 mi131, Willingham Street, Grimsby, North East Lincolnshire DN32 9PT3
£71K03/230.29 mi228, Willingham Street, Grimsby, North East Lincolnshire DN32 9PY3
£115K04/210.3 mi67, Robert Pearson Mews, Grimsby, North East Lincolnshire DN32 9SJ3
£117K11/200.3 mi55, Robert Pearson Mews, Grimsby, North East Lincolnshire DN32 9SJ3
£85.5K01/210.3 mi113, Humberstone Road, Grimsby, North East Lincolnshire DN32 8DR3
£88K03/230.3 mi112, Humberstone Road, Grimsby, North East Lincolnshire DN32 8DR3
£71K05/230.3 mi63, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9BX3
£61K04/210.31 mi49, Patrick Street, Grimsby, North East Lincolnshire DN32 9NT3
£75K03/230.31 mi326, Willingham Street, Grimsby, North East Lincolnshire DN32 9QD3

Local Rents

51 rents from £515/mo to £2K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£59511/240.02 mi-3
£60012/230.05 mi-3
£1,97004/250.06 mi-3
£1,97003/250.07 mi-3
£65011/240.11 mi-3
£60004/250.11 mi-3
£53503/240.11 miConvamore Road, Grimsby!3
£57504/240.11 miConvamore Road, Grimsby, North East Lincolnshire, DN323
£55003/240.12 miDonnington Street, Grimsby, Grimsby3
£53001/240.13 mi-3
£69503/250.16 mi-3
£65010/240.17 mi-3
£65004/240.18 miDurban Road, Grimsby, DN323
£75012/230.19 mi-3
£75005/240.19 mi-3
£75003/250.19 mi-3
£60004/240.19 miDurban Road, Grimsby3
£55003/240.21 miHeneage Road,Grimsby3
£62504/240.22 mi-3
£67504/250.23 mi-3
£63005/240.23 mi-3
£63005/240.23 mi-3
£67503/250.23 mi-3
£51503/240.23 miPatrick Street, Grimsby, North East Lincolnshire, DN323
£51503/240.23 miPatrick Street, Grimsby, North East Lincolnshire, DN323
£65004/240.24 miGranville Street, Grimsby, Lincolnshire, DN323
£52503/240.24 miEdward Street, Grimsby Move in deal £760!!3
£69502/250.25 mi-3
£65003/240.25 miWeelsby Street, Grimsby3
£57503/240.25 miBuller Street, Grimsby, DN323
£62501/240.26 mi-3
£67512/240.26 mi-3
£62504/240.26 miDurban Road, Grimsby3
£72503/240.27 miDurban Road, Grimsby, DN323
£72504/240.27 miDurban Road, Grimsby, DN323
£57503/240.27 miDurban Road, Grimsby, DN323
£55003/240.27 miDavid Street, Grimsby3
£62512/240.27 mi-3
£62505/240.28 mi-3
£74503/240.28 mi-3
£69504/250.29 mi-3
£75003/240.3 miRobert Pearson Mews,Grimsby3
£60004/250.3 mi-3
£60004/240.3 miPatrick Street, Grimsby3
£65004/240.31 miPatrick Street, Grimsby, South Humberside, DN323
£55003/240.31 miWillingham Road3
£55003/240.31 miWillingham Street, Grimsby3
£55007/230.31 mi-3
£67504/250.31 mi-3
£72512/240.32 mi-3
£55003/240.32 miWelholme Road, Grimsby, DN32 9LW3

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

1.01 miles away

Nearest school

0.10 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £65,000

February 12, 2025

Description

  • Three bedrooms +
  • Two reception rooms +
  • Single kitchen +
  • Low maintenance gardens +
  • No forward chain +
  • EPC rating of D +
  • Potential rental income +
  • 11.4% gross yield +
  • Spacious layout +
  • Refurbishment opportunity +

Presenting for sale, this three-bedroom terraced house, primed for renovation and ready for its new owner to infuse it with character. This property, while in need of refurbishment, offers potential buyers an opportunity to put their personal stamp on a well-structured abode.

The house boasts a spacious layout, including two well-proportioned reception rooms, ideal for both entertaining and everyday family life. The property further benefits from a single kitchen, perfect for those who love to cook. The sleeping quarters are made up of three bedrooms, two doubles and a single, providing ample space for a growing family or professionals needing a home office.

The property is serviced by a three-piece bathroom suite, awaiting transformation into a tranquil haven. The front and rear gardens are low maintenance, providing potential for beautiful outdoor spaces with a little care and creativity.

This mid-terrace house is currently assessed with an EPC rating of D, and falls under the council tax band A. Once the necessary renovations have been completed, it is estimated that this property could achieve a rental income of £620 per calendar month, delivering a gross yield of 11.4%.

This property is being sold without any forward chain, providing a straightforward transaction for the new homeowner. If you're seeking a property that you can truly make your own, this terraced house, brimming with potential, could be the perfect project for you.

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.

GRI240584/2

Agent Details

Reeds Rains, Grimsby

01472 404505

Next Steps?

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