2 Bed Terraced House, Refurb/BRRR, Cleethorpes, DN35 7EF, £70,000

31 Sea View Street, Cleethorpes, North East Lincolnshire, DN35 8EU - 1 views - 2 months ago

Sold STC
BTL
Refurb/BRRR
ROI: 5%
~68 m²
+15 photos

ValuationOvervalued

Sold Prices£40K - £150K
Sold Prices/m²£519/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£64,175

 

 

End Value (After Refurb)

£68,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Refurb Costs

£27,513

Bridging Loan Interest

£1,838

Total Cash In

£51,900

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£68,500

Mortgage (After Refinance)

£51,375

Mortgage LTV

75%

Cash Left In

£51,900

Equity

£17,125

Rent Range

£450 - £1,000

Rent Estimate

£579

Running Costs/mo

£350

Cashflow/mo

£229

Cashflow/yr

£2,750

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £40K to £150K, average is £79.5K. £519/m² to £3K/m², average is £981/m².

PriceDateDistanceAddressBeds 
£66K03/210.03 mi147, Tiverton Street, Cleethorpes, North East Lincolnshire DN35 7EF2
£76K06/210.05 mi102, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7RJ2
£60K11/200.12 mi133a, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RL2
£56K06/230.12 mi72, Tiverton Street, Cleethorpes, North East Lincolnshire DN35 7PR2
£90K01/230.13 mi111, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NN2
£75K06/230.19 mi159, Barcroft Street, Cleethorpes, North East Lincolnshire DN35 7DU2
£74K01/210.21 mi182, Barcroft Street, Cleethorpes, North East Lincolnshire DN35 7DX2
£55K04/210.21 mi59, Sidney Street, Cleethorpes, North East Lincolnshire DN35 7NQ2
£61K04/210.21 mi178a, Grimsby Road, Cleethorpes, North East Lincolnshire DN35 7EZ2
£72K08/230.22 mi191, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NT2
£70K03/230.23 mi63, Sussex Street, Cleethorpes, North East Lincolnshire DN35 7NW2
£76K02/210.23 mi21, Elliston Street, Cleethorpes, North East Lincolnshire DN35 7HS2
£78K12/200.24 mi174, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NU2
£75K04/210.28 mi34, Johnson Street, Cleethorpes, North East Lincolnshire DN35 7NA2
£78K10/210.28 mi17, Johnson Street, Cleethorpes, North East Lincolnshire DN35 7NA2
£75K04/210.28 mi34, Johnson Street, Cleethorpes, North East Lincolnshire DN35 7NA2
£141K12/200.29 mi48, Bramhall Street, Cleethorpes, North East Lincolnshire DN35 7QY2
£70K11/210.3 mi27, Freeston Street, Cleethorpes, Humberside DN35 7LY2
£115K05/230.31 mi23, May Street, Cleethorpes, North East Lincolnshire DN35 7HH2
£120K08/210.32 mi2, Wilson Street, Cleethorpes, North East Lincolnshire DN35 7QF2
£122K01/230.34 mi6, Warneford Road, Cleethorpes, North East Lincolnshire DN35 7QL2
£58K07/210.34 mi15, Mansel Street, Grimsby, North East Lincolnshire DN32 7QX2
£42K05/230.4 mi71, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ2
£82.5K03/230.41 mi135, Castle Street, Grimsby, North East Lincolnshire DN32 7LB2
£64K05/230.46 mi253, Durban Road, Grimsby, North East Lincolnshire DN32 8AU2
£93K01/230.48 mi27, Kathleen Grove, Grimsby, North East Lincolnshire DN32 8JT2
£150K12/220.5 mi8, Suggitts Orchard, Cleethorpes, North East Lincolnshire DN35 7LN2
£98K10/210.52 mi13, Helene Grove, Grimsby, North East Lincolnshire DN32 8JX2
£120K11/210.52 mi10, Helene Grove, Grimsby, North East Lincolnshire DN32 8JX2
£100K06/210.54 mi44, Grove Crescent, Grimsby, North East Lincolnshire DN32 8JU2
£92K11/200.54 mi84, Grove Crescent, Grimsby, North East Lincolnshire DN32 8JU2
£97K02/210.54 mi64, Grove Crescent, Grimsby, North East Lincolnshire DN32 8JU2
£87K03/210.54 mi31, Grove Crescent, Grimsby, North East Lincolnshire DN32 8JU2
£100K06/210.54 mi57, Grove Crescent, Grimsby, Humberside DN32 8JU2
£88K09/230.54 mi14, Bennett Road, Cleethorpes, North East Lincolnshire DN35 7JS2
£55K01/230.54 mi162, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ2
£62K06/230.55 mi165, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ2
£40K01/210.58 mi41, Pelham Road, Cleethorpes, North East Lincolnshire DN35 7JT2
£90K04/210.61 mi165, Cooper Road, Grimsby, North East Lincolnshire DN32 8DQ2
£102.1K10/210.61 mi94, Cooper Road, Grimsby, North East Lincolnshire DN32 8DQ2
£81K03/210.61 mi136, Fairmont Road, Grimsby, North East Lincolnshire DN32 8DX2
£80K05/210.61 mi81, Fairmont Road, Grimsby, North East Lincolnshire DN32 8DX2
£138K08/230.63 mi9, Holyoake Road, Grimsby, North East Lincolnshire DN32 8JH2
£130K08/220.63 mi9b, Holyoake Road, Grimsby, North East Lincolnshire DN32 8JH2
£50K06/230.66 mi63, Roberts Street, Grimsby, North East Lincolnshire DN32 8AW2
£62K01/210.66 mi75, Roberts Street, Grimsby, North East Lincolnshire DN32 8AW2
£89K03/210.66 mi80, Runswick Road, Grimsby, North East Lincolnshire DN32 8HL2
£83K04/230.69 mi111, St Heliers Road, Cleethorpes, North East Lincolnshire DN35 7LG2
£88K11/200.69 mi33, St Heliers Road, Cleethorpes, North East Lincolnshire DN35 7LG2
£79K02/230.69 mi107, St Heliers Road, Cleethorpes, North East Lincolnshire DN35 7LG2

Local Rents

15 rents from £450/mo to £1K/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£46503/240.06 miGrimsby Road, Cleethorpes, DN352
£57504/240.06 miImperial Court, Grimsby Road, Cleethorpes2
£65003/240.1 miValentine Court, Cleethorpes2
£70004/240.11 mi-2
£55003/240.13 miLovett Street, Cleethorpes, South Humberside, DN352
£49503/240.2 miBlundell Avenue, Cleethorpes2
£55003/240.21 miDaubney Street, Cleethorpes2
£1,00001/240.23 mi-2
£45004/240.24 miFreeston Street, Cleethorpes2
£50003/240.37 miPark Street, Grimsby2
£50003/240.37 miPark Street, Grimsby2
£52502/250.45 mi-2
£63503/240.48 miKathleen Grove, Grimsby!2
£59504/240.53 mi-2
£49503/240.58 miWeelsby Street, Grimsby, DN322

Local Area Statistics

Population in DN35

34,530

Town centre distance

1.29 miles away

Nearest school

0.20 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+51%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £70,000

February 26, 2025

Description

  • Two Bedroom Mid Terrace Property +
  • Ideal Rental Investment +
  • Requiring Modernisation/Refurbishment +
  • Close To Local Amenites & Schools +
  • Two Reception Rooms +
  • Downstairs WC & Spacious First Floor Bathroom +
  • No Forward Chain +

A traditional two bedroom mid terrace home located in this established area of Cleethorpes, with easy access to the town centre and seafront.
An ideal buy to let investment property which requires a scheme of modernisation and refurbishment, comprising; entrance hall, lounge, dining room, kitchen, downstairs wc, and first floor with two bedrooms and a bathroom. Front and rear gardens. Offered for sale with No Forward Chain.

Entrance Hall - With staircase to the first floor.

Lounge - 3.31 x 2.97 (10'10" x 9'8") - With a bow window to front aspect, and gas fire. Glazed double doors separating the dining room.

Dining Room - 3.79 x 3.10 (12'5" x 10'2") - With a rear aspect window, and gas fire with surround.

Kitchen - 3.36 x 2.06 (11'0" x 6'9") - Comprising of fitted units, worktops incorporating a stainless steel sink, and space for all appliances. Wall mounted gas central heating boiler. Side aspect window, and access to the rear garden.

Wc - 1.66 x 0.80 (5'5" x 2'7") -

First Floor -

Bedroom 1 - 3.70 x 3.54 (12'1" x 11'7") - To front aspect.

Bedroom 2 - 3.76 x 2.09 (12'4" x 6'10") - To rear aspect.

Bathroom - 3.04 x 2.36 (9'11" x 7'8") - A spacious bathroom comprising a panelled bath, pedestal basin and wc.

Tenure - FREEHOLD

Council Tax Band - A

Agent Details

Argyle Estate Agents, Cleethorpes

01472 404597

Next Steps?

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