3 Bed Semi-Detached House, Refurb/BRRR, Cleethorpes, DN35 9NN, £169,950

21 Ashridge Drive, Cleethorpes, Lincolnshire, DN35 8HP - 3 views - a month ago

Refurb/BRRR
86 m²
+13 photos

ValuationFair Value

Sold Prices£105K - £393K
Sold Prices/m²£1.1K/m² - £3.6K/m²

 

 

Square Metres

86 m²
Price/m²£2K/m²

Value Estimate

£168,639

 

 

End Value (After Refurb)

£184,418

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,488

Stamp Duty & Legal Fees

£6,299

Refurb Costs

£34,739

Bridging Loan Interest

£4,461

Total Cash In

£89,736

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£184,418

Mortgage (After Refinance)

£138,314

Mortgage LTV

75%

Cash Released

£10,851

Cash Left In

£78,885

Equity

£46,105

Rent Range

£675 - £1,000

Rent Estimate

£725

Running Costs/mo

£741

Cashflow/mo

£-16

Cashflow/yr

£-196

Gross Yield

5%

Local Sold Prices

50 sold prices from £105K to £393K, average is £180K. £1.1K/m² to £3.6K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£216K09/210.01 mi26, Ashridge Drive, Cleethorpes, North East Lincolnshire DN35 9NN3
£215K06/230.01 mi27, Ashridge Drive, Cleethorpes, North East Lincolnshire DN35 9NN3
£157.5K07/210.01 mi11, Ashridge Drive, Cleethorpes, North East Lincolnshire DN35 9NN3
£115K06/210.05 mi14, York Place, Cleethorpes, North East Lincolnshire DN35 9LW3
£245K02/230.06 mi4, Vaughan Avenue, Grimsby, North East Lincolnshire DN32 8QD3
£155K11/220.1 mi21, Welbeck Road, Cleethorpes, North East Lincolnshire DN35 9LX3
£225K03/230.12 mi17, Vivian Avenue, Grimsby, North East Lincolnshire DN32 8QF3
£263K06/210.12 mi14, Vivian Avenue, Grimsby, Humberside DN32 8QF3
£130K07/210.13 mi135, Davenport Drive, Cleethorpes, North East Lincolnshire DN35 9NH3
£128K07/230.13 mi13, Durham Road, Cleethorpes, North East Lincolnshire DN35 9LU3
£105K06/210.13 mi17, Durham Road, Cleethorpes, North East Lincolnshire DN35 9LU3
£112K12/200.13 mi17, Durham Road, Cleethorpes, North East Lincolnshire DN35 9LU3
£279.9K12/210.14 mi38, Ashridge Drive, Cleethorpes, North East Lincolnshire DN35 9NL3
£260K03/210.15 mi174, Weelsby Road, Grimsby, North East Lincolnshire DN32 8QQ3
£131K05/230.15 mi27, Chatsworth Place, Cleethorpes, North East Lincolnshire DN35 9NG3
£152.5K10/210.22 mi3, Balmoral Road, Cleethorpes, North East Lincolnshire DN35 9ND3
£291.4K09/210.24 mi45, Hunsley Crescent, Grimsby, North East Lincolnshire DN32 8PU3
£241.9K09/220.24 mi3, Hunsley Crescent, Grimsby, North East Lincolnshire DN32 8PU3
£273K07/230.24 mi16, Hunsley Crescent, Grimsby, North East Lincolnshire DN32 8PX3
£152K03/230.26 mi29, Sandringham Road, Cleethorpes, North East Lincolnshire DN35 9HA3
£140K08/210.29 mi72, Davenport Drive, Cleethorpes, North East Lincolnshire DN35 9JR3
£235K02/230.3 mi18, Thirkleby Crescent, Grimsby, North East Lincolnshire DN32 8PZ3
£215K08/230.3 mi10, Thirkleby Crescent, Grimsby, North East Lincolnshire DN32 8PZ3
£325K09/210.3 mi30, Thirkleby Crescent, Grimsby, North East Lincolnshire DN32 8PZ3
£260K06/230.3 mi22, Thirkleby Crescent, Grimsby, North East Lincolnshire DN32 8PZ3
£166K09/230.3 mi3, Curzon Court, Cleethorpes, North East Lincolnshire DN35 9HE3
£325K04/230.31 mi1, Heron Close, Grimsby, North East Lincolnshire DN32 8PW3
£143K05/230.31 mi85, Davenport Drive, Cleethorpes, North East Lincolnshire DN35 9JP3
£375K10/200.32 mi3, Church Lane, Old Clee, Grimsby, North East Lincolnshire DN32 8NB3
£393K02/230.33 mi8, Church Lane, Old Clee, Grimsby, North East Lincolnshire DN32 8NB3
£185K06/210.33 mi6, Wellgarth, Grimsby, North East Lincolnshire DN32 8QP3
£143K03/210.33 mi8, Warwick Road, Cleethorpes, North East Lincolnshire DN35 9EY3
£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
£217.5K07/230.36 mi15, Goldgarth, Grimsby, North East Lincolnshire DN32 8QS3
£215K04/220.36 mi8, Silvergarth, Grimsby, North East Lincolnshire DN32 8QR3
£180K10/200.36 mi8, Silvergarth, Grimsby, North East Lincolnshire DN32 8QR3
£160K10/200.36 mi24, Clee Crescent, Grimsby, Humberside DN32 8LS3
£195K09/220.37 mi10, Bronzegarth, Grimsby, North East Lincolnshire DN32 8QU3
£160K05/230.4 mi4, Frobisher Avenue, Grimsby, North East Lincolnshire DN32 8JA3
£115K08/210.41 mi13, Warwick Road, Cleethorpes, North East Lincolnshire DN35 9EU3
£122K10/200.41 mi203, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9ST3
£125K07/210.41 mi233, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9ST3
£128.5K08/230.41 mi239, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9ST3
£165K11/210.41 mi5, Seaton Grove, Grimsby, North East Lincolnshire DN32 9SU3
£170K02/230.42 mi3, Seaton Grove, Grimsby, North East Lincolnshire DN32 9SU3
£180K11/200.42 mi156, Clee Road, Grimsby, North East Lincolnshire DN32 8NL3
£142K03/230.42 mi28, Montgomery Road, Cleethorpes, North East Lincolnshire DN35 9JL3
£148K10/210.42 mi73, Sandringham Road, Cleethorpes, North East Lincolnshire DN35 9DS3

Local Rents

10 rents from £675/mo to £1K/mo, average is £773/mo.

RentDateDistanceAddressBeds 
£95003/240.33 mi-3
£85003/250.4 mi-3
£79503/240.41 miFrobisher Avenue, Grimsby3
£67504/240.41 miWarwick Road, Cleethorpes3
£75002/250.53 mi-3
£75003/240.54 miEscart Avenue, Grimsby3
£70004/240.54 miEscart Avenue, Grimsby3
£70005/240.55 miEscart Avenue, Grimsby3
£1,00004/240.6 mi-3
£1,00002/250.6 mi-3

Local Area Statistics

Population in DN35

34,530

Town centre distance

1.02 miles away

Nearest school

0.20 miles away

Nearest train station

1.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+51%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £169,950

February 17, 2025

Floor Plans

Description

  • TRADITIONAL STYLE SEMI DETACHED HOUSE +
  • TWO RECEPTION ROOMS +
  • KITCHEN/BREAKFAST ROOM +
  • THREE BEDROOMS +
  • SHOWER ROOM/WC +
  • GAS CENTRAL HEATING SYSTEM +
  • DOUBLE GLAZING +
  • FRONT AND REAR GARDENS +
  • OFF ROAD PARKING & OUTBUILDINGS +
  • NO FORWARD CHAIN +

Located on a private service road and set back from the road is this traditional style THREE BEDROOM SEMI DETACHED HOUSE. The property is well presented throughout but in need of some upgrading and has accommodation including Entrance hall, lounge with double glazed doors leading into the extended dining room, extended fitted kitchen/breakfast room, three bedrooms and a modern shower room/wc to the first floor. Gas central heating system. Double glazing. Front garden with off road parking plus a good sized rear garden with a workshop, shed and greenhouse. NO CHAIN. EARLY VIEWING RECOMMENDED.

Accommodation - .

Measurements - All measurements are approximate.

Ground Floor - .

Entrance Hall - Approached via a uPVC entrance door and has a double glazed window to the side elevation, radiator, coving to ceiling and a Delft plate rack. A spelled staircase leads up to the first floor

Lounge (Front) - 3.33 x 4.34 (10'11" x 14'2") - This bright and airy lounge has a double glazed window to the front elevation, coving to ceiling and radiator. The focal point of this room is the modern fire surround inset with an electric fire and standing on a marble effect hearth. Double doors leads into the dining room.

Lounge -

Dining Room - 4.91 x 2.36 (16'1" x 7'8") - This extended dining/second sitting room has a double glazed french door with matching side lights to the rear elevation, coving to ceiling and radiator. Single glazed window giving borrowed light to the kitchen.

Dining Room -

Kitchen/Breakfast Room - 5.84 x 2.28 (19'1" x 7'5") - Fitted with a range of modern base and wall cupboards having mottle work surfaces inset with a stainless steel sink unit and having space beneath for washing machine (included in the sale). Complementary tiled splash backs. Also included in the sale is the slot in nearly new electric oven. Wall mounted Combi gas fired boiler. Tiled flooring. Three double glazed windows and a double glazed side door. Ample space for breakfast table and chairs. Two useful storage cupboards.

Kitchen/Breakfast Room -

First Floor - .

Landing - Two double glazed windows to the side elevation. Ceiling access hatch to roof space

Bedroom 1 (Front) - 3.85 x 3.43 (12'7" x 11'3") - Double glazed bay window to the front elevation, coving to ceiling and radiator.

Bedroom 2 (Rear) - 3.45 x 2.82 (11'3" x 9'3") - Double glazed window to the rear elevation, fitted shelves, radiator and coving to ceiling.

Bedroom 2 -

Bedroom 3 (Front) - 2.12 x 2.14 (6'11" x 7'0") - Double glazed window, radiator and built in storage cupboards.

Shower Room/Wc - Fitted with a corner fully tiled shower cubicle, a low flush wc and a pedestal wash hand basin. Extensive tiling to the remainder of the walls. Radiator. Opaque double glazed window.

Shower Room/Wc -

Outside -

The Gardens - As previously mentioned No 21 is located on a private service road and has excellent front and rear gardens, the fore garden stands behind a brick wall having double wrought iron gates opening onto the concrete driveway. This garden is mainly lawned with well stocked borders including exotic plants. The enclosed rear gardens is again lawned with well established borders including a mature Sycamore tree which has pollarded. Included in the sale are the substantial workshop, timber garden shed and greenhouse.

The Gardens -

Tenure - Freehold - We are informed by the seller that the tenure of this property is Freehold. Confirmation / verification has been requested. Please consult us for further details.

Viewing Arrangements - Please contact Joy Walker Estate Agents on to arrange a viewing on this property.

Council Tax Band & Epc Rating - Council Tax Band - B
EPC -

Opening Times - Monday - Friday 9.00 am to 5.15 pm. Saturday 9.00 am to 1.00 pm

Agent Details

Joy Walker Estate Agents, Cleethorpes

01472 404572

Next Steps?

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