3 Bed Terraced House, Single Let, Grimsby, DN31 2PZ, £45,000

Corporation Road, Grimsby, Lincolnshire, DN31 2PZ - 2 views - 2 months ago

Auction
BTL
ROI: 19%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£45K - £122K
Sold Prices/m²£529/m² - £1.4K/m²

 

 

Square Metres

~93 m²
Price/m²£484/m²

Value Estimate

£56,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£3,450

Total Cash In

£14,700

 

 

Cash Out

 

Rent Range

£462 - £990

Rent Estimate

£495

Running Costs/mo

£260

Cashflow/mo

£235

Cashflow/yr

£2,825

ROI

19%

Gross Yield

13%

Local Sold Prices

50 sold prices from £45K to £122K, average is £74.8K. £529/m² to £1.4K/m², average is £883/m².

PriceDateDistanceAddressBeds 
£59K06/210 mi249, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£90K11/220.01 mi237, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£56K02/210.03 mi10, Beeson Grove, Grimsby, Humberside DN31 2QJ3
£50K08/210.04 mi6, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£54K02/210.04 mi13, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£75K08/210.05 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£47K01/230.07 mi121, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£50K06/230.12 mi22, Dunmow Street, Grimsby, North East Lincolnshire DN31 2RE3
£84K12/220.12 mi100, Boulevard Avenue, Grimsby, North East Lincolnshire DN31 2JH3
£68K06/230.13 mi30, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RN3
£60K03/210.13 mi33, Joseph Street, Grimsby, North East Lincolnshire DN31 2NU3
£50K05/210.14 mi57, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RL3
£68K02/230.14 mi28, Elsenham Road, Grimsby, North East Lincolnshire DN31 2QR3
£65K12/220.14 mi93, Newhaven Terrace, Grimsby, North East Lincolnshire DN31 2RU3
£60K07/230.15 mi66, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PA3
£75K02/230.16 mi144, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£70K02/230.16 mi140, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£95K01/220.16 mi35, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£100K02/230.17 mi196, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£65K04/210.17 mi176, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£80K06/210.19 mi46, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PB3
£83K12/200.19 mi26, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£88K01/210.19 mi33a, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£46K06/210.2 mi153, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£122K02/230.2 mi117, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£120K09/210.23 mi78, Frederick Street, Grimsby, North East Lincolnshire DN31 1XQ3
£90K12/220.23 mi46, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£78.5K07/210.23 mi62, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£62K06/230.23 mi97, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£55K05/210.23 mi97, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£55K05/210.23 mi113, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RW3
£117K09/230.25 mi17, Freshney Drive, Grimsby, North East Lincolnshire DN31 1TN3
£60K02/210.25 mi71, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£76K05/210.25 mi36, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£90K12/220.26 mi54, Arthur Street, Grimsby, North East Lincolnshire DN31 2HT3
£87K12/200.26 mi44, Lister Street, Grimsby, North East Lincolnshire DN31 2JG3
£86K07/210.27 mi59, Arthur Street, Grimsby, North East Lincolnshire DN31 2HT3
£93K12/220.28 mi1, Harlow Street, Grimsby, North East Lincolnshire DN31 2QX3
£70K07/210.28 mi27, Lister Street, Grimsby, Humberside DN31 2HZ3
£74.5K12/220.29 mi164, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RP3
£56K05/210.3 mi73, Haycroft Street, Grimsby, North East Lincolnshire DN31 2HR3
£82.5K01/230.3 mi220, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EJ3
£95K09/230.31 mi11, Bemrose Way, Grimsby, North East Lincolnshire DN31 2JZ3
£82.5K11/220.32 mi181, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£88K08/230.32 mi205, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£85K01/230.32 mi215, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£74.3K03/230.32 mi207, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£64K04/230.33 mi141, Gilbey Road, Grimsby, North East Lincolnshire DN31 2RR3
£100K10/210.35 mi6, Chantry Close, Grimsby, North East Lincolnshire DN31 2JY3
£45K02/210.36 mi13, Ripon Street, Grimsby, North East Lincolnshire DN31 2HG3

Local Rents

52 rents from £462/mo to £990/mo, average is £620/mo.

RentDateDistanceAddressBeds 
£59503/240 miCorporation Road, Grimsby3
£55004/240.03 miCorporation Road, Grimsby3
£52503/240.1 miCorporation Road, Grimsby3
£73004/250.13 mi-3
£59503/240.14 miJames Street, Grimsby, South Humberside, DN313
£56301/240.15 mi-3
£56304/240.15 mi-3
£63001/240.17 mi-3
£64009/240.17 mi-3
£48503/240.17 miHenry Street, Grimsby, DN31 2JB3
£56006/240.19 mi-3
£55004/240.2 miLord Street, Grimsby3
£60003/240.2 miLawrence Street, Grimsby3
£52503/240.22 miHaycroft Street, Grimsby3
£49503/240.22 miElsenham Road, Grimsby3
£64508/240.22 mi-3
£93003/240.23 miMacaulay Park, Grimsby, DN313
£93003/240.24 miMacaulay Park, Grimsby, DN313
£95503/240.25 miMacaulay Park, Grimsby, DN313
£96503/240.26 miMacaulay Park, Grimsby, DN313
£96503/240.26 miMacaulay Park, Grimsby, DN313
£93003/240.27 miMacaulay Park, Grimsby, DN313
£93003/240.27 miMacaulay Park, Grimsby, DN313
£62510/240.27 mi-3
£62502/240.27 mi-3
£62502/240.27 mi-3
£62504/240.27 mi-3
£62502/240.28 mi-3
£56303/240.29 mi-3
£56307/240.29 mi-3
£68004/240.3 mi-3
£65003/240.3 miMacaulay Street, Grimsby, DN313
£46212/230.3 mi-3
£57503/240.33 miAiredale Way, Grimsby3
£99005/240.33 miMacaulay Park, Grimsby, DN313
£52508/240.33 mi-3
£60004/240.35 mi-3
£70003/250.36 mi-3
£53503/240.36 miRipon Street, Grimsby, N E Lincolnshire, DN313
£55003/240.36 miLancaster Avenue, Grimsby3
£67511/240.39 mi-3
£49507/230.39 mi-3
£60010/240.41 mi-3
£62503/240.42 miTennyson Street, Grimsby, DN313
£62504/240.42 mi-3
£55003/240.43 miAnderson Street, Grimsby3
£61504/250.44 mi-3
£94004/240.44 miMacaulay Park, Grimsby, DN313
£99004/240.44 miMacaulay Park, Grimsby, DN313
£57501/240.46 mi-3
£57501/240.46 mi-3
£85010/240.46 mi-3

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

1 miles away

Nearest school

0.30 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £45,000

February 24, 2025

Floor Plans

Description

  • 3 Bedroom End Terrace Property +
  • Spacious Throughout +
  • Freehold +
  • Council Tax Band A +
  • In Need Of Modernisation +
  • Excellent Chance To Add Value +
  • Close To Local Amenities And Transport Links +
  • Excellent Investment Opportunity Or First Time Buy +

Spacious 3-Bedroom End-Terrace with Huge Potential

National Residential are delighted to offer this spacious 3-bedroom end-terrace property, conveniently located within walking distance of local shops, amenities, and Grimsby town centre. This home is in need of updating and refurbishment, making it an excellent opportunity to add value - ideal for investors, developers, or buyers looking to put their own stamp on a property.

Key Features:
* Freehold
* Council Tax Band: A
* Generous Living Space - Large open-plan lounge/living room, plus a separate dining room for versatile family living.
* Upstairs Bathroom
* Separate Spacious Kitchen
* Three Good-Sized Bedrooms - Ideal for families or rental potential.
* Large Enclosed Rear Garden - Perfect for outdoor activities and entertaining.

Why Choose This Location?
Corporation Road is a well-established residential area providing great access to local amenities and transport links.
* Convenient Living - Walking distance to shops, supermarkets, schools, and healthcare facilities.
* Parks & Open Spaces - Close to Grimsby Parkour Park and People's Park, perfect for walks, recreation, and outdoor activities.
* Excellent Transport Links - Easy access to the A180, A16, and A46, plus direct rail connections to Lincoln, Doncaster, Sheffield, and Manchester from Grimsby Town station.
* Strong Rental & Investment Potential - Grimsby is undergoing regeneration, with ongoing investments in the town centre and surrounding infrastructure, increasing demand for quality housing.

Book Your Viewing Today
This property presents an exciting opportunity to renovate and add value. Watch our online video tour for a closer look, and contact our dedicated sales team to arrange a viewing.
Your next project or investment opportunity awaits - schedule your viewing today!

This property is ONLY available for purchasers who are NOT in a chain.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.

Agent Details

National Residential, Nationwide

01244 727605

Next Steps?

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