3 Bed Bungalow, Refurb/BRRR, Grimsby, DN36 5AS, £325,000

Tetney Lane, Holton Le Clay, Grimsby, N E Lincs, DN36 5AS - 2 views - 2 months ago

Refurb/BRRR
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£127K - £267K
Sold Prices/m²£1.6K/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£180,704

 

 

End Value (After Refurb)

£249,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£37,609

Bridging Loan Interest

£8,531

Total Cash In

£150,340

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£249,750

Mortgage (After Refinance)

£187,313

Mortgage LTV

75%

Cash Left In

£150,340

Equity

£62,438

Rent Range

£550 - £2,500

Rent Estimate

£994

Running Costs/mo

£999

Cashflow/mo

£-5

Cashflow/yr

£-63

Gross Yield

4%

Local Sold Prices

36 sold prices from £127K to £267K, average is £186.5K. £1.6K/m² to £2.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£165K11/200 mi49, Tetney Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5AS3
£166K06/210.15 mi13, Newstead Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BX3
£210K06/230.17 mi14, Newstead Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BU3
£160K12/220.18 mi7, Riby Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5BT3
£185K12/220.19 mi43, Langton Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5BH3
£232K03/230.21 mi46, Langton Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5BJ3
£232K09/230.24 mi6, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5DR3
£212.5K01/230.26 mi16, Ashby Close, Holton Le Clay, Grimsby, Lincolnshire DN36 5BD3
£192K06/210.27 mi15, Grainsby Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BL3
£237.9K02/230.27 mi37, Grainsby Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BL3
£193K01/210.27 mi41, Grainsby Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BL3
£142.5K07/220.3 mi8, Pinfold Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5DH3
£155K05/210.32 mi13, South View, Holton Le Clay, Grimsby, Lincolnshire DN36 5BW3
£267K02/230.33 mi3, Campions Close, Holton Le Clay, Grimsby, Lincolnshire DN36 5HF3
£175K06/210.34 mi46, Pinfold Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5DN3
£155K02/230.35 mi1, Garthway, Holton Le Clay, Grimsby, Lincolnshire DN36 5DW3
£196.5K11/210.38 mi90, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YE3
£175K03/210.38 mi68, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YE3
£240K11/210.41 mi99, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YF3
£228K03/230.41 mi83, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YF3
£146K02/210.46 mi149, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5AD3
£180K03/230.46 mi41, Holton Mount, Holton Le Clay, Grimsby, Lincolnshire DN36 5HD3
£215K03/230.47 mi8, Southfield Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5YG3
£182K04/210.47 mi8, Southfield Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5YG3
£197.2K10/230.48 mi11, Holton Mount, Holton Le Clay, Grimsby, Lincolnshire DN36 5EB3
£193K12/220.48 mi37, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5EA3
£182.5K06/210.48 mi59, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5EA3
£166.5K11/210.52 mi25, Holton Mount, Holton Le Clay, Grimsby, Lincolnshire DN36 5EH3
£127K05/210.54 mi43, Beverley Close, Holton Le Clay, Grimsby, Lincolnshire DN36 5HG3
£164K08/210.55 mi30, The Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5EW3
£180K11/200.55 mi18, The Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5EW3
£254.5K02/230.56 mi6, Heron Way, Holton Le Clay, Grimsby, Lincolnshire DN36 5YD3
£215K05/230.56 mi24, The Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5EW3
£200K12/220.57 mi11, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5HN3
£188K01/210.97 mi56, Priors Close, New Waltham, Grimsby, North East Lincolnshire DN36 4RA3
£170K06/220.99 mi10, Eagle Drive, Humberston, Grimsby, North East Lincolnshire DN36 4ZL3

Local Rents

50 rents from £550/mo to £2.5K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£85003/240.22 miNewstead Avenue, Holton Le Clay, Grimsby3
£85004/240.22 miNewstead Avenue, Holton Le Clay, Grimsby3
£72510/230.26 mi-3
£92505/240.31 miChurch Close, Holton Le Clay, DN363
£87504/240.33 miCampions Close, Holton-le-Clay, Grimsby, Lincolnshire, DN362
£1,60004/240.44 miLouth Road, Holton-le-Clay, Grimsby, Lincolnshire, DN365
£59504/240.53 miBeverley Close, Holton-Le-Clay, Grimsby, DN362
£55505/240.53 mi-2
£55011/230.53 mi-2
£2,40003/240.99 miThe Maples, Humberston, DN364
£92503/241.06 miGreen Lane, Humberston, GRIMSBY3
£75003/241.15 miHolton Road, Tetney, DN36 5LN2
£88504/241.17 miStation Avenue, New Waltham, Lincolnshire, DN363
£1,20003/241.17 miParklands Avenue, Humberston 4
£82502/241.18 mi-3
£89503/251.18 mi-3
£89503/241.2 miParklands Avenue, Humberston, Grimsby, Lincolnshire, DN363
£92503/241.25 miHedges Drive, Humberston, Grimsby, DN363
£1,08301/251.28 mi-5
£67509/241.32 mi-2
£99503/241.4 miAldwych Croft, New Waltham4
£99504/241.4 miWellington Avenue, New Waltham3
£1,20003/241.4 miBygott Walk, New Waltham, Grimsby, DN364
£89504/241.44 mi-3
£89503/241.44 miHarvey Walk, New Waltham, DN363
£1,00008/241.45 mi-3
£99503/241.45 miPeterson Drive, New Waltham4
£87508/241.46 mi-3
£89505/241.46 miPeterson Drive, Grimsby, DN363
£1,20004/241.46 miHumberston Road, Tetney, Grimsby1
£92503/241.51 miAlder Avenue, Humberston, Grimsby, Lincolnshire, DN363
£1,40004/241.52 miGarrick Lane, New Waltham, DN365
£92503/241.56 miBecklands Avenue, New Waltham, Grimsby3
£67003/241.58 miColonsay Court, New Waltham, N E Lincolnshire, DN362
£1,20004/241.58 miTown Road, Tetney4
£80008/231.6 mi-1
£75003/241.61 miAmethyst Court, New Waltham, Grimsby, Lincolnshire, DN362
£67003/241.61 miSt Clements Way, New Waltham, Grimsby, DN362
£65004/241.61 miSt Clements Way, New Waltham, Grimsby, North East Lincolnshire, DN362
£2,50003/241.79 miThoresby Road, Tetney, DN365
£2,30004/241.81 miThe Barn, Thoresby Road, Tetney6
£1,25003/241.82 miKemeshame Court, Waltham, Grimsby, DN373
£87503/241.95 miConiston Crescent, Humberston, Grimsby, DN36 2
£60003/241.95 miGrimsby Road, Waltham, Grimsby, Lincolnshire, DN371
£92504/241.96 miFern Close, Humberston, Grimsby, DN363
£90503/241.96 miFern Close, Humberston, Grimsby, Lincolnshire, DN363
£70007/232.02 mi-2
£71509/242.02 mi-2
£89504/242.11 miQueen Elizabeth Road, Humberston, Grimsby3
£1,10003/242.13 miStanland Way, Humberston, DN365

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

3.92 miles away

Nearest school

0.20 miles away

Nearest train station

3.96 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £325,000

February 20, 2025

Floor Plans

Description

  • No Forward Chain +
  • Roughly 0.3 of an Acre Plot or 1200 Square Metres +
  • Potential for Extensive Redevelopment or Self Build +
  • Large Detached Bungalow +
  • Much Sought After Village Location +
  • 3 Bedrooms +
  • Extensive Off Road Parking +
  • Council Tax Band C +
  • EPC Grade D +

Now available to market is this incredible redevelopment opportunity located in the much sought after village of Holton Le Clay.

An expansive plot, close to an approximate third of acre, contains a deceptively spacious detached bungalow as well as a range of versatile outbuildings that could offer a wide spectrum of buyers a range of options from an ideal plot for a potential development all the way through to a full renovation of the existing bungalow to create a home with access to a superlative garden space.

With considerable opportunities for improvement, this bungalow none the less enjoys some unique advantages. Not least the plot size which includes an extensive driveway and huge rear garden. Its enviable location, only walking distance from a range of local shops, also makes it an appealing site.

The property itself consists of three double bedrooms, each of which could easily be utilised as additional reception rooms if required, a large kitchen come diner and a generous dual aspect lounge to the rear of the property. A shower room concludes the list of available accommodation.

The entire front of the property enjoys an internalised and heavily glazed porch.

At the rear of the property can be found large garage combined into a fully customised and extensive workshop building with additional outbuildings to the rear of this. Although these properties have been in disuse for some time, the potential for varied usage is certainly there for any interested party to explore.

The property is double glazed throughout and also benefits from full fittings for a central heating system although the boiler is currently nonfunctional.

This is a considerable opportunity that could appeal to a myriad of different buyers seeking either a full refurbishment project or a completely bespoke redevelopment in the heart of a popular semi-rural village.

Agent Details

Relo Estate Agents, Covering Grimsby

01472 404360

Next Steps?

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

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