2 Bed Flat, Single Let, Grimsby, DN32 9NP, £65,000

211D278a Heneage Road, Grimsby, DN32 9NP - a month ago

Sold STC
Leasehold
BTL
ROI: 9%
86 m²
+17 photos

ValuationUndervalued

Sold Prices£32.5K - £177.5K
Sold Prices/m²£482/m² - £2.1K/m²

 

 

Square Metres

86 m²
Price/m²£756/m²

Value Estimate

£80,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Total Cash In

£20,700

 

 

Cash Out

 

Rent Range

£425 - £1,970

Rent Estimate

£475

Running Costs/mo

£318

Cashflow/mo

£157

Cashflow/yr

£1,883

ROI

9%

Gross Yield

9%

Local Sold Prices

38 sold prices from £32.5K to £177.5K, average is £94.3K. £482/m² to £2.1K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£35K08/230.13 miFlat 12, Torrington Gardens, Torrington Street, Grimsby, North East Lincolnshire DN32 9QH2
£58K08/230.16 mi44a, Torrington Street, Grimsby, North East Lincolnshire DN32 9QL2
£38K05/220.19 mi8a, Algernon Street, Grimsby, North East Lincolnshire DN32 9QS2
£77K06/230.26 mi29, Danes Close, Grimsby, North East Lincolnshire DN32 9AG2
£90K08/220.26 mi36, Danes Close, Grimsby, North East Lincolnshire DN32 9AG2
£45K05/220.27 mi240, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9LJ2
£60K04/230.44 mi52a, Ainslie Street, Grimsby, North East Lincolnshire DN32 0LY2
£50K06/220.57 mi121, Convamore Road, Grimsby, North East Lincolnshire DN32 9ED2
£90K05/210.6 mi16, Abbey Park Mews, Grimsby, North East Lincolnshire DN32 0JA2
£90K05/220.64 mi1, Wellowgate Mews, Grimsby, North East Lincolnshire DN32 0RY2
£170K08/220.66 mi73a, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PL2
£120K11/210.72 mi4c, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0HP2
£117.5K10/220.77 mi15, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£129.9K05/210.77 mi24, Grosvenor Crescent, Grimsby, Humberside DN32 0QJ2
£136K11/200.77 mi7, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£108K09/210.77 mi3, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£87K10/220.77 mi54, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£105K12/210.77 mi27, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£100K11/220.78 mi21, Grosvenor Crescent, Grimsby, North East Lincolnshire DN32 0QJ2
£33.5K03/230.83 mi24, Werneth Road, Grimsby, North East Lincolnshire DN32 7EF2
£110K05/220.84 mi8, Selmeston Court, Grimsby, North East Lincolnshire DN34 4TB2
£97.5K05/230.86 mi6, Chester Place, Cleethorpes, North East Lincolnshire DN35 9LH2
£82.5K11/220.86 mi1, Chester Place, Cleethorpes, North East Lincolnshire DN35 9LH2
£65K11/220.87 mi1, Alexandra Wharf, Grimsby, North East Lincolnshire DN31 1TQ2
£88K06/210.88 mi1, Windsor Road, Cleethorpes, North East Lincolnshire DN35 9LJ2
£107K10/220.88 mi1, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£98K06/220.89 mi17, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£90K12/200.89 mi22, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£100K03/230.89 mi12, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£90K12/200.89 mi22, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£127.5K06/220.89 mi6, Eaton Court, Grimsby, North East Lincolnshire DN34 4UD2
£32.5K03/220.93 miBottom Flat, 8, Park Street, Grimsby, North East Lincolnshire DN32 7QU2
£130K10/220.94 mi4, St James Court, Grimsby, North East Lincolnshire DN34 4SX2
£91K01/210.94 mi19, St James Court, Grimsby, North East Lincolnshire DN34 4SX2
£125K03/230.94 mi3, St James Court, Grimsby, North East Lincolnshire DN34 4SX2
£121.5K05/210.94 miFlat D, Field House, Pelham Road, Grimsby, North East Lincolnshire DN34 4UF2
£177.5K10/200.94 miFlat F, Field House, Pelham Road, Grimsby, North East Lincolnshire DN34 4UF2
£142K05/230.94 miFlat D, Field House, Pelham Road, Grimsby, North East Lincolnshire DN34 4UF2

Local Rents

43 rents from £425/mo to £2K/mo, average is £525/mo.

RentDateDistanceAddressBeds 
£49508/230 mi-2
£49503/240 mi-2
£49503/240 mi-2
£52502/250.1 mi-2
£52501/250.1 mi-2
£52503/250.1 mi-2
£55001/250.1 mi-2
£45502/250.1 mi-2
£49501/240.11 mi-2
£47503/240.15 miHainton Avenue, Grimsby, Lincolnshire, DN322
£48003/240.19 miAlgernon Street, Grimsby2
£42503/240.19 miTasburgh Street, Grimsby, DN322
£59001/240.2 mi-2
£65002/250.21 mi-2
£60003/240.21 mi-2
£60003/240.21 mi-2
£60003/240.21 mi-2
£47504/240.23 miFlorence Street, Grimsby2
£47504/240.23 miFlorence Street, Grimsby2
£60009/240.24 mi-2
£67504/240.26 miDanes Close, Grimsby, North East Lincolnshire, DN322
£48003/240.27 miWelholme Road, Grimsby2
£52509/230.3 mi-2
£52509/230.3 mi-2
£1,97003/250.31 mi-2
£56010/240.31 mi-2
£55003/250.31 mi-2
£65003/240.36 miHeneage Road, Grimsby, DN322
£47503/240.38 miWintringham Road, Grimsby2
£59503/240.39 miLadysmith Road, Grimsby, DN322
£55004/240.43 miWintringham Road, Grimsby, North East Lincs, DN322
£60003/240.45 miHeneage Road, Grimsby2
£49503/240.45 miJulian Street, Grimsby2
£57509/240.54 mi-2
£49003/240.57 miHainton Avenue, Grimsby, DN322
£49503/240.57 miHainton Avenue, Grimsby, DN322
£48003/240.57 miWillingham Street, Grimsby2
£48003/240.57 miWillingham Street, Grimsby2
£67503/240.57 miAbbey Road, Grimsby, DN322
£59503/240.59 miAbbey Park Road, Grimsby2
£62007/230.59 mi-2
£67503/240.6 miAbbey Park Mews, Grimsby, Lincolnshire, DN322
£51003/240.6 miHeneage Road, Grimsby2

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

0.87 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 19, 2025

Floor Plans

Description

  • Fabulous Investment Opportunity +
  • Two Spacious Bedrooms +
  • Ground Floor Apartment +
  • Gas Central Heating +
  • Close Proximity To Grimsby Town Centre +
  • Walking Distance To Local Amenities +
  • Low Maintenance Front Garden +
  • Peppercorn Ground Rent +

A substantial 2 bedroom Ground Floor Flat situated within close proximity to a wide range of amenities, regular bus services and in catchment of well regarded schools.
Offered with no onward chain and in decent condition, this would make the perfect purchase for any investor looking to add to their portfolio or someone looking to downsize.
The seller owns the freehold, which means there is the possibility for the flat to be sold with the Freehold.
Internal accommodation comprises: porch, generous sized hallway serving 2 good sized bedrooms, rather large lounge, open plan kitchen / diner with array of units and ample space for appliances and spacious bathroom.
Externally, there is a low maintenance front garden which is surrounded by 3ft brick fencing.
Furthermore, the property is fitted with uPVC double glazed windows and well as a gas central heating system, ensuring a comfortable living environment throughout the seasons.

Porch -

Inner Hallway -

Living Room - 4.34m x 3.66m (14'3 x 12'0) -

Kitchen / Diner - 3.96m x 2.67m (13'0 x 8'9) -

Bedroom 1 - 3.28m x 3.25m (10'9 x 10'8) -

Bedroom 2 - 2.87m x 2.18m (9'5 x 7'2) -

Bathroom - 2.18m x 1.80m (7'2 x 5'11) -

Front Garden -

Agent Details

Farrow Estate Agent Ltd, Grimsby

01472 907517

Next Steps?

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