2 Bed Terraced House, Single Let, Grimsby, DN31 2EG, £72,500

21 Kennedy Way, Immingham, DN40 2AB - 21 days ago

BTL
ROI: 6%
~68 m²
+1 photos

ValuationOvervalued

Sold Prices£39K - £190K
Sold Prices/m²£591/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£64,761

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,125

Stamp Duty & Legal Fees

£3,375

Total Cash In

£21,500

 

 

Cash Out

 

Rent Range

£450 - £950

Rent Estimate

£450

Running Costs/mo

£337

Cashflow/mo

£113

Cashflow/yr

£1,361

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £39K to £190K, average is £68.5K. £591/m² to £2K/m², average is £951/m².

PriceDateDistanceAddressBeds 
£62K10/210.03 mi43, Lawson Avenue, Grimsby, North East Lincolnshire DN31 2EN2
£62K10/210.03 mi43, Lawson Avenue, Grimsby, North East Lincolnshire DN31 2EN2
£62K08/210.04 mi148, Haycroft Street, Grimsby, Humberside DN31 2ED2
£83K08/230.08 mi5, Wells Street, Grimsby, North East Lincolnshire DN31 2DG2
£85K05/210.09 mi15, Bramble Close, Grimsby, North East Lincolnshire DN31 2DB2
£73.5K10/200.09 mi8, Bramble Close, Grimsby, North East Lincolnshire DN31 2DB2
£95K04/220.09 mi11, Bramble Close, Grimsby, North East Lincolnshire DN31 2DB2
£58K07/230.09 mi19, Haycroft Avenue, Grimsby, North East Lincolnshire DN31 2DY2
£115K12/210.1 mi3, Bramble Close, Grimsby, North East Lincolnshire DN31 2DB2
£117.7K03/230.12 mi10, Harrison Street, Grimsby, North East Lincolnshire DN31 2DX2
£60.5K07/210.13 mi34, Haycroft Avenue, Grimsby, North East Lincolnshire DN31 2HN2
£68K06/210.14 mi82, James Street, Grimsby, North East Lincolnshire DN31 2JE2
£60K02/210.14 mi39, James Street, Grimsby, Humberside DN31 2JE2
£90K01/230.15 mi14, Fairfax Road, Grimsby, North East Lincolnshire DN34 4AP2
£85K07/210.16 mi250, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EP2
£90K07/230.16 mi44, Fairfax Road, Grimsby, North East Lincolnshire DN34 4AP2
£75K02/210.16 mi20, Fairfax Road, Grimsby, Humberside DN34 4AP2
£79K07/230.16 mi77, Lister Street, Grimsby, North East Lincolnshire DN31 2JW2
£92K12/220.16 mi59, Lister Street, Grimsby, North East Lincolnshire DN31 2JW2
£49K03/210.17 mi99, Macaulay Street, Grimsby, North East Lincolnshire DN31 2DS2
£53.5K01/230.17 mi57, Macaulay Street, Grimsby, North East Lincolnshire DN31 2DS2
£90K12/200.18 mi23, Fairfax Road, Grimsby, North East Lincolnshire DN34 4AW2
£53K10/200.19 mi28, Ripon Street, Grimsby, North East Lincolnshire DN31 2HG2
£62K03/230.2 mi146, Lord Street, Grimsby, North East Lincolnshire DN31 2NQ2
£63K10/200.21 mi45, Veal Street, Grimsby, North East Lincolnshire DN31 2HF2
£54K02/210.21 mi13, Veal Street, Grimsby, North East Lincolnshire DN31 2HF2
£69K09/210.22 mi102, Lord Street, Grimsby, North East Lincolnshire DN31 2NG2
£64K07/230.23 mi40, James Street, Grimsby, North East Lincolnshire DN31 2JD2
£60K03/230.25 mi1, Richard Street, Grimsby, North East Lincolnshire DN31 2PE2
£39K02/230.25 mi91, Lime Street, Grimsby, North East Lincolnshire DN31 2HJ2
£58K02/210.26 mi62, Ripon Street, Grimsby, Humberside DN31 2HQ2
£77K11/220.27 mi68, Ripon Street, Grimsby, North East Lincolnshire DN31 2HQ2
£60K04/230.27 mi50, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PB2
£87K02/210.27 mi31, Earl Street, Grimsby, North East Lincolnshire DN31 2NB2
£71K10/210.27 mi11, Sidney Road, Grimsby, North East Lincolnshire DN34 4AU2
£86.5K05/230.27 mi27, Sidney Road, Grimsby, North East Lincolnshire DN34 4AU2
£67.5K12/220.28 mi221, Cromwell Road, Grimsby, North East Lincolnshire DN31 2BE2
£90K07/210.28 mi237, Cromwell Road, Grimsby, North East Lincolnshire DN31 2BE2
£53K06/210.28 mi93, Haven Avenue, Grimsby, North East Lincolnshire DN31 2NX2
£48.5K02/210.28 mi96, Haven Avenue, Grimsby, Humberside DN31 2NX2
£55K10/200.29 mi15, Dover Street, Grimsby, North East Lincolnshire DN31 2HH2
£46.5K12/200.29 mi8, Dover Street, Grimsby, North East Lincolnshire DN31 2HH2
£63K11/220.29 mi43, Bowers Avenue, Grimsby, North East Lincolnshire DN31 2BG2
£190K01/210.3 mi6, The Spinney, Grimsby, North East Lincolnshire DN34 4NS2
£95K06/230.3 mi23, Clark Avenue, Grimsby, North East Lincolnshire DN31 2BQ2
£72K11/210.3 mi43, Clark Avenue, Grimsby, North East Lincolnshire DN31 2BQ2
£69K08/210.3 mi44, Clark Avenue, Grimsby, North East Lincolnshire DN31 2BQ2
£84K07/220.3 mi22, Clark Avenue, Grimsby, North East Lincolnshire DN31 2BQ2
£56K06/210.32 mi91, Earl Street, Grimsby, North East Lincolnshire DN31 2PJ2
£70.5K02/230.32 mi78, Earl Street, Grimsby, North East Lincolnshire DN31 2PW2

Local Rents

52 rents from £450/mo to £950/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£50003/240.03 mi-2
£52508/240.04 mi-2
£55002/250.04 mi-2
£67503/240.09 miBramble Close, Grimsby2
£55003/240.09 miHaycroft Avenue, Grimsby2
£45003/240.1 miLynton Parade, Grimsby2
£49003/240.14 miHaycroft Avenue, Grimsby2
£52503/240.15 miHaycroft Street, Grimsby, Lincolnshire, DN312
£50003/250.16 mi-2
£55003/240.17 miSaunders Street, Grimsby, Lincolnshire, DN312
£62503/240.17 miMacaulay Street, Grimsby, Lincolnshire, DN312
£55003/240.17 miMacaulay Street, Grimsby, DN312
£55005/240.17 miMacaulay Street, Grimsby2
£62503/240.17 miLister Street, Grimsby2
£49503/240.19 miRipon Street, Grimsby2
£60003/240.2 miLittle Michael Street, Grimsby2
£57504/240.2 miRipon Street, Grimsby, Lincolnshire, DN312
£56411/240.22 mi-2
£57503/240.24 miJoseph Street, Grimsby, Lincolnshire, DN312
£65001/240.24 mi-2
£65001/240.24 mi-2
£63008/230.27 mi-2
£60003/240.28 mi8 Bowers Avenue, Grimsby2
£53503/240.28 mi-2
£53503/240.28 mi-2
£60003/240.29 miBoulevard Avenue, Grimsby2
£60003/240.29 miBowers Avenue, Grimsby2
£48503/240.3 miDover Street, Grimsby2
£65003/250.3 mi-2
£59510/230.3 mi-2
£45003/240.31 miQueens Parade, Grimsby, DN312
£95004/240.33 miPelham Road, Grimsby, DN342
£45002/250.33 mi-2
£65004/240.36 miWaterside Drive, Grimsby2
£52011/240.36 mi-2
£84004/240.38 miMacaulay Park, Grimsby, DN312
£84003/240.38 miDane Park, Hull, HU62
£59504/240.39 miWaterside Drive, Grimsby, Lincolnshire, DN312
£75003/240.4 miPelham Road, Grimsby2
£69503/240.4 miPelham Road, Grimsby, NE Lincolnshire, DN342
£62504/240.4 miPelham Road, Grimsby, North East Lincolnshire, DN342
£75003/250.43 mi-2
£75002/250.43 mi-2
£75003/250.43 mi-2
£75003/250.43 mi-2
£60003/240.44 miFinchley Court, Grimsby, Lincolnshire, DN312
£64512/230.46 mi-2
£65006/240.46 mi-2
£85004/240.46 miMacaulay Park, Grimsby, DN312
£85004/240.46 miMacaulay Park, Grimsby, DN312
£58001/240.51 mi-2
£59510/240.51 mi-2

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

0.66 miles away

Nearest school

0.20 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £72,500

February 26, 2025

Floor Plans

Description

  • Two bed mid terrace house +
  • Being sold with tenant in situ +
  • Central town location +
  • Ideal investment opportunity +
  • Tenant currently paying £450PCM +
  • Generating a 7.44% yield based on asking price +
  • Gas central heating +
  • Energy performance rating D and Council tax band B +

Being sold with a tenant in situ, this two bed mid terrace house comes to the market with viewings highly recommended.Found within close proximity to Grimsby Town Centre, this property is the ideal home for a new buy to let landlord or one looking to increase their existing portfolio.The tenant has resided at the property for a long period with the current monthly rental amount being £450, which generates a 7.44% yield based on the asking price.The accommodation comprises of porch, lounge, kitchen-diner, two good size bedrooms and the family bathroom.The home also benefits from a generous size rear garden, gas central heating and excellent road links with easy access to the A180.

Agent Details

Crofts Estate Agents, Immingham

01469 425230

Next Steps?

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