3 Bed Bungalow, Refurb/BRRR, Grimsby, DN36 4QS, £225,000

Station Avenue, New Waltham, Grimsby, Lincolnshire, DN36 4QS - 2 months ago

Refurb/BRRR
~117 m²
+6 photos

ValuationFair Value

Sold Prices£132K - £343K
Sold Prices/m²£1.8K/m² - £3.1K/m²

 

 

Square Metres

~116.90 m²
Price/m²£1.9K/m²

Value Estimate

£225,000

 

 

End Value (After Refurb)

£266,678

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£14,450

Refurb Costs

£47,274

Bridging Loan Interest

£5,906

Total Cash In

£125,630

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£266,678

Mortgage (After Refinance)

£200,009

Mortgage LTV

75%

Cash Released

£31,259

Cash Left In

£94,372

Equity

£66,670

Rent Range

£725 - £1,000

Rent Estimate

£899

Running Costs/mo

£1,033

Cashflow/mo

£-134

Cashflow/yr

£-1,610

Gross Yield

5%

Local Sold Prices

46 sold prices from £132K to £343K, average is £190K. £1.8K/m² to £3.1K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£140K06/210.05 mi13, Station Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QS3
£175K10/220.08 mi22, David Place, New Waltham, Grimsby, North East Lincolnshire DN36 4NT3
£200K08/230.09 mi11, Margaret Place, New Waltham, Grimsby, North East Lincolnshire DN36 4NR3
£270K01/210.12 mi5, Strathmore Court, New Waltham, Grimsby, North East Lincolnshire DN36 4BS3
£182.5K11/200.17 mi44, Charles Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4PD3
£188K01/210.18 mi56, Priors Close, New Waltham, Grimsby, North East Lincolnshire DN36 4RA3
£195K08/230.21 mi46, Pretymen Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4PB3
£190K10/230.21 mi31, Pretymen Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4NU3
£200K10/230.21 mi51, Pretymen Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4NU3
£159K11/210.22 mi29, Farmhouse Mews, New Waltham, Grimsby, North East Lincolnshire DN36 4YA3
£170K05/210.23 mi21, Greenlands Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4YE3
£255K06/230.24 mi258, Station Road, New Waltham, Grimsby, North East Lincolnshire DN36 4PE3
£188.5K06/210.25 mi2, Findlay Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4QP3
£149K03/230.29 mi16, Holme Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QN3
£132K03/210.29 mi16, Holme Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QN3
£155K02/210.3 mi1a, Barbican Way, New Waltham, Grimsby, North East Lincolnshire DN36 4YN3
£285K12/220.36 mi17, Maple Grove, New Waltham, Grimsby, North East Lincolnshire DN36 4PU3
£230K05/210.37 mi10, Lindisfarne Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QB3
£255K04/230.37 mi15, Lindisfarne Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4QB3
£215K11/200.38 mi17, Pendeen Close, New Waltham, Grimsby, North East Lincolnshire DN36 4GQ3
£155K07/210.4 mi13, Earl Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NE3
£195K04/230.4 mi15, Earl Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NE3
£343K07/210.41 mi41a, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4SW3
£185K08/210.42 mi50, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4NB3
£190K05/210.42 mi42, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4NB3
£157K10/230.42 mi3, Baron Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NF3
£170K06/220.42 mi10, Eagle Drive, Humberston, Grimsby, North East Lincolnshire DN36 4ZL3
£167K03/210.45 mi33, Peterson Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4GZ3
£155K01/210.45 mi35, Peterson Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4GZ3
£250K01/230.45 mi39, Mellor Way, New Waltham, Grimsby, North East Lincolnshire DN36 4GW3
£184K11/220.47 mi32, Janton Court, New Waltham, Grimsby, North East Lincolnshire DN36 4LL3
£220K06/210.49 mi8, St Clements Way, New Waltham, Grimsby, North East Lincolnshire DN36 4GU3
£259.5K03/210.52 mi63, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4LZ3
£187.5K11/200.52 mi89, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4LZ3
£206.5K06/230.52 mi77, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4LZ3
£200K03/210.54 mi16, Moorland Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4NQ3
£190K09/210.54 mi3, Roladan Close, New Waltham, Grimsby, North East Lincolnshire DN36 4BL3
£240K12/220.55 mi415, Louth Road, New Waltham, Grimsby, North East Lincolnshire DN36 4PX3
£279.9K09/210.56 mi3, Trafalgar Park, New Waltham, Grimsby, North East Lincolnshire DN36 4YP3
£195K02/230.57 mi5, Wayside Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4LW3
£310K12/200.58 mi62, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4SS3
£190K11/210.61 mi83, Peaks Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4LP3
£168K11/200.65 mi104, Peaks Avenue, New Waltham, Grimsby, North Lincolnshire DN36 4LT3
£165K11/200.73 mi4, Weelsby View, New Waltham, Grimsby, North East Lincolnshire DN36 4LX3
£254.5K02/230.93 mi6, Heron Way, Holton Le Clay, Grimsby, Lincolnshire DN36 5YD3
£188.5K12/221 mi4, Braeton Lane, Grimsby, North East Lincolnshire DN33 2LE3

Local Rents

15 rents from £725/mo to £1K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£88504/240.05 miStation Avenue, New Waltham, Lincolnshire, DN363
£82502/240.12 mi-3
£89503/250.12 mi-3
£92503/240.45 miGreen Lane, Humberston, GRIMSBY3
£89503/240.45 miHarvey Walk, New Waltham, DN363
£89504/240.45 mi-3
£89505/240.46 miPeterson Drive, Grimsby, DN363
£87508/240.46 mi-3
£92503/240.54 miBecklands Avenue, New Waltham, Grimsby3
£99504/240.64 miWellington Avenue, New Waltham3
£89503/240.65 miParklands Avenue, Humberston, Grimsby, Lincolnshire, DN363
£1,00008/240.67 mi-3
£72510/230.91 mi-3
£92505/241.07 miChurch Close, Holton Le Clay, DN363
£92503/241.16 miAlder Avenue, Humberston, Grimsby, Lincolnshire, DN363

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

2.80 miles away

Nearest school

0.10 miles away

Nearest train station

3.10 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £225,000

April 5, 2025

Listed for £240,000

February 19, 2025

Floor Plans

Description

  • Detached Bungalow +
  • No Onward Chain +
  • 3 Bedrooms +
  • Large Living Room with Connecting Dining Area +
  • Spacious Kitchen +
  • 4-Piece Bathroom Suite +
  • Conservatory +
  • Off-Street Parking +
  • Private Rear Garden with Pond +
  • Close to Amenities +

This three-bedroom detached bungalow on Station Avenue, New Waltham presents an excellent opportunity for those seeking a spacious family home in a sought-after location. The property, while well-maintained, offers scope for modernisation allowing buyers to put their personal stamp on their new home.

The property's layout includes a generous size living room with a connecting dining area, a spacious fitted kitchen, and a light-filled conservatory for additional seating. There are three well-proportioned bedrooms and a 4-piece family bathroom. The home benefits from both front and rear gardens, providing ample outdoor space for relaxation and entertainment.

Located in the popular village of New Waltham, this property enjoys a prime position with easy access to local amenities. The area boasts excellent schools, shops, and recreational facilities within walking distance. Grimsby town centre is just a short drive away, offering comprehensive shopping and leisure facilities, while transport links provide convenient connections to surrounding areas.

This property represents an ideal opportunity for families or those looking to create their perfect home in a desirable location. Early viewing is strongly recommended to appreciate the potential this home has to offer and its excellent position within New Waltham.

Please note this property is being sold by a connected person to Sold.co.uk.

Agent Details

Sold.co.uk, London

020 3840 3803

Next Steps?

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