3 Bed Semi-Detached House, Refurb/BRRR, Grimsby, DN33 3BD, £155,000

48 Boundary Road, Cleethorpes, Lincolnshire, DN35 8HP - 5 views - 2 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£105K - £410K
Sold Prices/m²£1.5K/m² - £5.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£155,000

 

 

End Value (After Refurb)

£204,566

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Refurb Costs

£37,646

Bridging Loan Interest

£4,069

Total Cash In

£88,064

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£204,566

Mortgage (After Refinance)

£153,424

Mortgage LTV

75%

Cash Released

£37,174

Cash Left In

£50,890

Equity

£51,141

Rent Range

£650 - £1,250

Rent Estimate

£880

Running Costs/mo

£835

Cashflow/mo

£45

Cashflow/yr

£537

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £105K to £410K, average is £173.3K. £1.5K/m² to £5.2K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£188K11/200.06 mi18, Boundary Road, Grimsby, North East Lincolnshire DN33 3BD3
£195K07/230.06 mi32, Boundary Road, Grimsby, North East Lincolnshire DN33 3BD3
£180K10/230.09 mi1, Emfield Road, Grimsby, North East Lincolnshire DN33 3BW3
£175.5K07/230.1 mi12, Adelphi Drive, Grimsby, North East Lincolnshire DN33 3DT3
£120K01/210.1 mi8, Adelphi Drive, Grimsby, North East Lincolnshire DN33 3DT3
£210K09/210.13 mi151, Grimsby Road, Waltham, Grimsby, North East Lincolnshire DN37 0PU3
£197K08/210.13 mi9, Fairfield Avenue, Grimsby, North East Lincolnshire DN33 3DS3
£172.5K07/230.16 mi8a, Windermere Avenue, Grimsby, North East Lincolnshire DN33 3DZ3
£232.5K06/210.16 mi3, Boundary Farm Court, Grimsby, North East Lincolnshire DN33 2BJ3
£150K05/230.2 mi51, Emfield Road, Grimsby, North East Lincolnshire DN33 3BT3
£165K06/210.2 mi29, Emfield Road, Grimsby, North East Lincolnshire DN33 3BT3
£410K06/210.21 mi183, Waltham Road, Grimsby, North East Lincolnshire DN33 2PY3
£188K08/210.22 mi13, Rydal Avenue, Grimsby, North East Lincolnshire DN33 3EL3
£170K09/230.23 mi21, Fairfield Road, Grimsby, North East Lincolnshire DN33 3DR3
£130K03/210.24 mi42, Emfield Road, Grimsby, North East Lincolnshire DN33 3BX3
£168K08/230.24 mi44, Emfield Road, Grimsby, North East Lincolnshire DN33 3BX3
£190K11/210.24 mi50, Allestree Drive, Grimsby, North East Lincolnshire DN33 3DX3
£265K11/220.24 mi7, Allestree Drive, Grimsby, North East Lincolnshire DN33 3DX3
£248K06/230.24 mi52, Allestree Drive, Grimsby, North East Lincolnshire DN33 3DX3
£145K03/210.25 mi1, Kiddier Avenue, Grimsby, North East Lincolnshire DN33 3DA3
£178K11/220.25 mi6, Kiddier Avenue, Grimsby, North East Lincolnshire DN33 3DA3
£120K04/210.27 mi81, Windermere Avenue, Grimsby, North East Lincolnshire DN33 3DB3
£150.8K12/200.27 mi67, Windermere Avenue, Grimsby, North East Lincolnshire DN33 3DB3
£180K05/210.29 mi13, Mordaunt Avenue, Grimsby, North East Lincolnshire DN33 3EJ3
£142.5K03/210.29 mi18, Coniston Avenue, Grimsby, Humberside DN33 3EF3
£260K11/200.3 mi127, Waltham Road, Grimsby, North East Lincolnshire DN33 2NG3
£173.5K06/210.3 mi145, Waltham Road, Grimsby, North East Lincolnshire DN33 2NG3
£230K12/220.32 mi101, Emfield Road, Grimsby, North East Lincolnshire DN33 3BY3
£185K11/220.33 mi55, Lavenham Road, Grimsby, North East Lincolnshire DN33 3HJ3
£170K07/230.34 mi31, Southfield Road, Grimsby, North East Lincolnshire DN33 2PW3
£250K09/230.35 mi14, Hilary Road, Grimsby, North East Lincolnshire DN33 2PN3
£178K03/210.35 mi43, Amesbury Avenue, Grimsby, North East Lincolnshire DN33 3HT3
£173K02/230.38 mi33, Southern Walk, Grimsby, North East Lincolnshire DN33 2PF3
£144K07/210.38 mi130, Waltham Road, Grimsby, North East Lincolnshire DN33 2NJ3
£148K02/230.39 mi1, Mendip Avenue, Grimsby, North East Lincolnshire DN33 3AB3
£124.5K01/210.39 mi35, Mendip Avenue, Grimsby, North East Lincolnshire DN33 3AB3
£140K04/210.41 mi33, Eastbourne Way, Grimsby, North East Lincolnshire DN33 2PH3
£155K08/230.43 mi4, Mendip Avenue, Grimsby, North East Lincolnshire DN33 3AA3
£127.5K05/230.43 mi8, Mendip Avenue, Grimsby, North East Lincolnshire DN33 3AA3
£135K08/210.44 mi25, Ancaster Avenue, Grimsby, North East Lincolnshire DN33 3LH3
£230K10/220.44 mi22, Ancaster Avenue, Grimsby, North East Lincolnshire DN33 3LL3
£155K08/230.44 mi102, Fairway, Waltham, Grimsby, North East Lincolnshire DN37 0ND3
£150K03/210.44 mi86, Fairway, Waltham, Grimsby, North East Lincolnshire DN37 0ND3
£215K01/230.45 mi69, Danesfield Avenue, Waltham, Grimsby, North East Lincolnshire DN37 0PZ3
£192K05/230.45 mi9, Danesfield Avenue, Waltham, Grimsby, North East Lincolnshire DN37 0PZ3
£320K06/210.45 mi31, Danesfield Avenue, Waltham, Grimsby, North East Lincolnshire DN37 0PZ3
£245K07/210.45 mi106, Waltham Road, Grimsby, North East Lincolnshire DN33 2LZ3
£105K04/210.46 mi63, Mendip Avenue, Grimsby, North East Lincolnshire DN33 3AE3
£167K01/230.46 mi16, Croxby Grove, Grimsby, North East Lincolnshire DN33 2NP3
£152K02/210.47 mi93, Fairway, Waltham, Grimsby, North East Lincolnshire DN37 0NB3

Local Rents

16 rents from £650/mo to £1.3K/mo, average is £910/mo.

RentDateDistanceAddressBeds 
£1,25003/240.67 miKemeshame Court, Waltham, Grimsby, DN373
£79508/230.75 mi-3
£95003/240.82 miSt. Giles Avenue, Scartho3
£1,00008/240.82 mi-3
£99504/240.86 miWellington Avenue, New Waltham3
£95003/240.89 miPasture Lane, Scartho Top, Grimsby, DN333
£92504/240.89 miPasture Lane, Scartho Park3
£92503/240.91 miBecklands Avenue, New Waltham, Grimsby3
£89509/230.93 mi-3
£79508/231.01 mi-3
£82503/241.04 miGill Court, Scartho Top, Grimsby, DN333
£65003/241.19 mi-3
£75003/241.19 miBelgrave Road, Scartho, Grimsby, DN333
£77504/241.19 miEdge Avenue, Grimsby3
£92511/241.21 mi-3
£67503/241.24 miEdge Avenue, Scartho, Grimsby, North East Lincolnshire, DN333

Local Area Statistics

Population in DN33

19,406

Population in Grimsby

124,581

Town centre distance

2.14 miles away

Nearest school

0.40 miles away

Nearest train station

2.61 miles away

 

 

Rental growth (12m)

+38%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £155,000

February 26, 2025

Description

  • VILLAGE LOCATION +
  • IDEAL REFURBISHMENT PROJECT +
  • THREE BEDROOM SEMI DETACHED +
  • THREE RECEPTION ROOMS +
  • KITCHEN +
  • THREE BEDROOMS +
  • BATHROOM +
  • FRIONT & REAR GARDEN +
  • GARAGE +
  • NO FORWARD CHAIN +

We are delighted to offer for sale the opportunity to purchase this THREE BEDROOM SEMI DETACHED FAMILY HOME located on the popular Boundary Road situated between Scartho and Waltham villages ideal for all local amenities, schools and both Grimsby and Cleethorpes Town Centres. The property does require a degree of modernisation with the accommodation comprising of; Hallway, lounge, rear sitting room, kitchen, dining room and to the first floor three bedrooms and bathroom. Benefitting from gas central heating and part uPVC double glazing. Enjoying a lawn front garden with driveway for off road parking leading to a detached garage and private rear garden. Viewing is highly recommended offered for sale with NO FORWARD CHAIN.

Draft Details - PLEASE NOTE THESE ARE DRAFT PARTICULARS AWAITING FINAL APPROVAL FROM THE VENDOR, THEREFORE THE CONTENTS HEREIN MAY BE SUBJECT TO CHANGE AND MUST NOT BE RELIED UPON AS AN ENTIRELY ACCURATE DESCRIPTION OF THE PROPERTY.

Measurements - All measurements are approximate.

Accommodation - .

Ground Floor - .

Entrance - Accessed via a uPVC double glazed door into the hallway.

Hall - Having a uPVC double glazed light window to the side aspect, carpeted flooring, carpeted stairs with enclosed banister and radiator. Large under stairs pantry/storage area with potential development to be a downstairs cloakroom.

Kitchen - 4.91 x 2.54 (16'1" x 8'3") - The kitchen benefits from a range of wood fronted wall and base units with contrasting worksurfaces and tiled splashback incorporating a stainless steel sink and drainer, eye level electric fan assisted oven and gas hob, ample space for a fridge freezer and automatic washing machine. Finished with tiled splashbacks, radiator, dual aspect windows and a uPVC double glazed door leading to the driveway.

Kitchen -

Dining Room - 3.18 x 2.53 (10'5" x 8'3") - Access via doors from the kitchen with a window overlooking the rear garden, coved ceiling, carpeted flooring and radiator. Wooden glazed doors with side and top light panels leading to the sitting room.

Dining Room -

Rear Sitting Room - 3.80 x 3.19 (12'5" x 10'5") - Having wooden glazed doors with side and top light panels leading to the dining room, coved ceiling, carpeted flooring and feature fire place with gas fire.

Lounge - 3.98 x 3.88 (13'0" x 12'8") - To the front of the property with a uPVC double glazed window, coved ceiling, carpeted flooring and radiator. Open chimney recess with quarry tiles and gas fire.

Lounge -

First Floor - .

First Floor Landing - Having enclosed banister, carpeted flooring and uPVC double glazed window to the side aspect.

Bedroom One - 3.90 x 3.61 (12'9" x 11'10") - To the front of the property with a uPVC double glazed window, radiator and wall to wall fitted wardrobes with dressing table area.

Bedroom Two - 3.49 x 2.78 (11'5" x 9'1") - The second double bedroom is to the rear of the property with a uPVC double glazed window, radiator, built in wardrobes and large storage cupboard.

Bedroom Three - 2.35 x 2.05 (7'8" x 6'8") - To the front of the property with a uPVC double glazed window, radiator and built in wardrobes and draws.

Bathroom - 2.03 x 1.64 (6'7" x 5'4") - Benefitting from a white three piece suite comprising of; Bath with shower over, pedestal hand wash basin and low flush wc. Finished with tiled walls, radiator and rear uPVC double glazed window.

Outside -

Gardens - The property stands within well maintained gardens having a drive way with double wrought iron gates providing off road parking. Mature hedging and planting to the front garden with a lawn area. The driveway leads to the side of the property and onto the detached garage. The private rear garden is mainly laid to lawn with mature shrubs and planting to the borders, decorative wall and paved patio area.

Front Garden -

Garage - Detached concrete sectional garage with up and over door fitted with electric and lighting.

Tenure - Freehold - We are informed by the seller that the tenure of this property is Freehold. Confirmation / verification has been requested. Please consult us for further details.

Council Tax Band & Epc Rating - Council Tax Band - B
EPC -

Opening Times - Monday - Friday 9.00 am to 5.15 pm. Saturday 9.00 am to 1.00 pm

Viewing Arrangements - Please contact Joy Walker Estate Agents on to arrange a viewing on this property.

Agent Details

Joy Walker Estate Agents, Cleethorpes

01472 404572

Next Steps?

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