2 Bed Bungalow, Refurb/BRRR, Grimsby, DN36 5AT, £166,000

Tetney Lane, Grimsby, DN36 5AT - 2 views - a month ago

Refurb/BRRR
ROI: 4%
~68 m²
+5 photos

ValuationFair Value

Sold Prices£77.5K - £250K
Sold Prices/m²£1K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£163,280

 

 

End Value (After Refurb)

£154,716

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,500

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£27,544

Bridging Loan Interest

£4,358

Total Cash In

£84,651

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£154,716

Mortgage (After Refinance)

£116,037

Mortgage LTV

75%

Cash Left In

£84,651

Equity

£38,679

Rent Range

£550 - £2,500

Rent Estimate

£994

Running Costs/mo

£702

Cashflow/mo

£292

Cashflow/yr

£3,501

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £77.5K to £250K, average is £167.5K. £1K/m² to £4.2K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£110K07/230.08 mi74, Tetney Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5AX2
£130K05/210.17 mi7, Ashby Close, Holton Le Clay, Grimsby, Lincolnshire DN36 5BD2
£150K08/210.2 mi15, Evendine Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5BB2
£134K01/210.2 mi17, Evendine Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5BB2
£165K01/210.42 mi70, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YE2
£179.9K12/200.43 mi15, Church Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5AQ2
£170K06/210.44 mi19, Campions Close, Holton Le Clay, Grimsby, Lincolnshire DN36 5HF2
£140K04/210.47 mi20, Silver Street, Holton Le Clay, Grimsby, Lincolnshire DN36 5DX2
£164K09/230.47 mi18, Silver Street, Holton Le Clay, Grimsby, Lincolnshire DN36 5DX2
£249K09/210.49 miWhite Cottage, Peppercorn Walk, Holton Le Clay, Grimsby, Lincolnshire DN36 5DQ2
£242.5K06/230.52 mi52, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5DZ2
£192.5K01/230.59 mi3, Mount Pleasant, Holton Le Clay, Grimsby, Lincolnshire DN36 5ED2
£180K08/211.21 mi10, Westlands Avenue, Tetney, Grimsby, Lincolnshire DN36 5LP2
£200K09/231.22 mi43, Enfield Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4RD2
£187.5K08/231.25 miPebble Cottage, Holton Road, Tetney, Grimsby, Lincolnshire DN36 5LS2
£154K09/231.3 mi16, Pretymen Crescent, New Waltham, Grimsby, North East Lincolnshire DN36 4NS2
£212.5K04/231.35 mi6, Station Mews, New Waltham, Grimsby, North East Lincolnshire DN36 4BE2
£77.5K05/211.35 mi1, North End Road, Tetney, Grimsby, Lincolnshire DN36 5NA2
£139.9K03/211.35 mi34, North End Road, Tetney, Grimsby, Lincolnshire DN36 5NA2
£142.5K03/231.35 mi1, North End Road, Tetney, Grimsby, Lincolnshire DN36 5NA2
£136K10/211.36 mi16, Fourways, Tetney, Grimsby, Lincolnshire DN36 5NF2
£250K11/211.39 mi21, Humberston Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4SL2
£162.5K03/231.41 mi31, Hawthorne Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4PR2
£120K09/231.44 mi13, Farmhouse Mews, New Waltham, Grimsby, North East Lincolnshire DN36 4YA2
£112K11/201.44 mi6, Farmhouse Mews, New Waltham, Grimsby, North East Lincolnshire DN36 4YA2
£136K04/231.44 mi7, Farmhouse Mews, New Waltham, Grimsby, North East Lincolnshire DN36 4YA2
£140K04/221.45 mi6, Farmhouse Mews, New Waltham, Grimsby, North East Lincolnshire DN36 4YA2
£210K08/211.46 mi2, Stoney Way, Tetney, Grimsby, Lincolnshire DN36 5PG2
£175K09/231.46 mi3, Stoney Way, Tetney, Grimsby, Lincolnshire DN36 5PG2
£189K09/231.47 mi13, The Orchard, New Waltham, Grimsby, North East Lincolnshire DN36 4PQ2
£173.5K07/211.47 mi8, The Orchard, New Waltham, Grimsby, North East Lincolnshire DN36 4PQ2
£145K10/201.5 mi6, Bygott Walk, New Waltham, Grimsby, North East Lincolnshire DN36 4HF2
£150K07/231.5 mi4, Bygott Walk, New Waltham, Grimsby, North East Lincolnshire DN36 4HF2
£222.5K11/201.51 mi14, Chapel Garth, Tetney, Grimsby, Lincolnshire DN36 5JG2
£180K11/221.53 mi20, Marquis Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4ND2
£207.5K07/211.54 mi32, Earl Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NE2
£155K10/201.54 mi33, Earl Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4NE2
£185K11/221.57 mi12, Knightsbridge, New Waltham, Grimsby, North East Lincolnshire DN36 4YH2
£150K06/211.57 mi4, Mellor Way, New Waltham, Grimsby, North East Lincolnshire DN36 4GW2
£132.5K04/211.58 mi8, Toll Bar Avenue, New Waltham, Grimsby, North East Lincolnshire DN36 4PW2
£92.5K02/211.59 mi3, Anningson Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4LH2
£220K10/231.6 mi48, Peaks Lane, New Waltham, Grimsby, North East Lincolnshire DN36 4NB2
£215K03/231.62 mi7, South Sea Lane, Humberston, Grimsby, North East Lincolnshire DN36 4JY2
£135K08/221.65 miCleveland, Market Place, Tetney, Grimsby, Lincolnshire DN36 5NN2
£170K05/211.67 mi15, Oderin Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4GJ2
£175.5K08/231.73 mi8, Amethyst Court, New Waltham, Grimsby, North East Lincolnshire DN36 4YR2
£195K05/211.73 mi13, Amethyst Court, New Waltham, Grimsby, North East Lincolnshire DN36 4YR2
£193K01/231.74 mi16, Amethyst Court, New Waltham, Grimsby, North East Lincolnshire DN36 4YR2
£155K02/211.77 mi18, Ledbury Drive, New Waltham, Grimsby, North East Lincolnshire DN36 4YS2
£175K03/211.79 miBernice, Church Lane, Tetney, Grimsby, Lincolnshire DN36 5JX2

Local Rents

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

RentDateDistanceAddressBeds 
£85003/240.21 miNewstead Avenue, Holton Le Clay, Grimsby3
£85004/240.21 miNewstead Avenue, Holton Le Clay, Grimsby3
£72510/230.41 mi-3
£87504/240.44 miCampions Close, Holton-le-Clay, Grimsby, Lincolnshire, DN362
£92505/240.44 miChurch Close, Holton Le Clay, DN363
£1,60004/240.55 miLouth Road, Holton-le-Clay, Grimsby, Lincolnshire, DN365
£59504/240.59 miBeverley Close, Holton-Le-Clay, Grimsby, DN362
£55505/240.59 mi-2
£55011/230.59 mi-2
£75003/241 miHolton Road, Tetney, DN36 5LN2
£2,40003/241.08 miThe Maples, Humberston, DN364
£92503/241.1 miHedges Drive, Humberston, Grimsby, DN363
£92503/241.14 miGreen Lane, Humberston, GRIMSBY3
£89503/241.26 miParklands Avenue, Humberston, Grimsby, Lincolnshire, DN363
£1,20003/241.26 miParklands Avenue, Humberston 4
£88504/241.29 miStation Avenue, New Waltham, Lincolnshire, DN363
£82502/241.31 mi-3
£89503/251.31 mi-3
£1,20004/241.32 miHumberston Road, Tetney, Grimsby1
£1,08301/251.37 mi-5
£1,20004/241.43 miTown Road, Tetney4
£67509/241.45 mi-2
£1,20003/241.5 miBygott Walk, New Waltham, Grimsby, DN364
£92503/241.53 miAlder Avenue, Humberston, Grimsby, Lincolnshire, DN363
£99503/241.53 miAldwych Croft, New Waltham4
£89504/241.54 mi-3
£89503/241.54 miHarvey Walk, New Waltham, DN363
£99504/241.55 miWellington Avenue, New Waltham3
£99503/241.55 miPeterson Drive, New Waltham4
£87508/241.56 mi-3
£89505/241.56 miPeterson Drive, Grimsby, DN363
£1,00008/241.59 mi-3
£2,50003/241.64 miThoresby Road, Tetney, DN365
£1,40004/241.65 miGarrick Lane, New Waltham, DN365
£2,30004/241.67 miThe Barn, Thoresby Road, Tetney6
£92503/241.7 miBecklands Avenue, New Waltham, Grimsby3
£67003/241.7 miColonsay Court, New Waltham, N E Lincolnshire, DN362
£75003/241.72 miAmethyst Court, New Waltham, Grimsby, Lincolnshire, DN362
£67003/241.74 miSt Clements Way, New Waltham, Grimsby, DN362
£65004/241.74 miSt Clements Way, New Waltham, Grimsby, North East Lincolnshire, DN362
£80008/231.74 mi-1
£92504/241.95 miFern Close, Humberston, Grimsby, DN363
£90503/241.95 miFern Close, Humberston, Grimsby, Lincolnshire, DN363
£1,25003/241.97 miKemeshame Court, Waltham, Grimsby, DN373
£87503/241.99 miConiston Crescent, Humberston, Grimsby, DN36 2
£60003/242.1 miGrimsby Road, Waltham, Grimsby, Lincolnshire, DN371
£89504/242.13 miQueen Elizabeth Road, Humberston, Grimsby3
£1,10003/242.14 miStanland Way, Humberston, DN365
£70007/232.16 mi-2
£71509/242.16 mi-2

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

4.05 miles away

Nearest school

0.30 miles away

Nearest train station

4.01 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £166,000

March 3, 2025

Floor Plans

Description

  • Desirable village location with a peaceful setting +
  • Semi-detached bungalow with great potential +
  • Spacious lounge with a character fireplace and log-burning stove +
  • Two well-sized bedrooms with ample storage +
  • Generous off-road parking, 12.6ft x 27ft double garage, carport & parking for 8 cars +
  • Double glazing, gas central heating & injection insulation +

Situated in the charming village of Holton-Le-Clay, this semi-detached bungalow offers a fantastic opportunity for buyers seeking a home with both character and scope for improvement. With a spacious layout, ample storage, and extensive off-road parking, this property is ideal for those looking for a peaceful retreat with easy access to local amenities.

Upon entering, you are welcomed into a bright hallway leading to all main rooms. The lounge is a standout feature, boasting an exposed brick fireplace with a vintage log-burning stove, creating a cosy and inviting atmosphere. The kitchen provides a functional layout with fitted units, ample workspace, and access to the conservatory, which is bathed in natural light—perfect for enjoying your morning coffee or creating an additional dining space.

Both bedrooms are well-proportioned, with the main bedroom featuring built-in wardrobes for added storage. The shower room is fitted with a walk-in shower, a vanity sink unit, and modern fixtures for convenience.

One of the property's most impressive features is its outdoor space. The front driveway provides enough parking for up to 8 cars, while the 12.6ft x 27ft double garage and carport offer further storage and security for vehicles. The low-maintenance rear garden is enclosed, providing a private space to relax, though it would benefit from some light refurbishment to reach its full potential.

Additional benefits include injection insulation, a fully insulated loft, double glazing throughout, and a gas central heating system, making the property both comfortable and energy-efficient. With an EPC rating of C, it offers long-term savings on energy costs.

While the bungalow would benefit from some modernisation, it presents an excellent opportunity for buyers looking to add value and create their ideal home. Whether you are an investor, downsizer, or first-time buyer, this property is full of potential in a desirable village setting.

Don't miss this chance—schedule a viewing today!

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You can secure this property with an optional reservation deposit of £2,500. This forms part of the property's total purchase price and is not an additional fee. The deposit draws up a legally binding exclusivity agreement which gives exclusive rights to purchase the property within an agreed timeframe.

The reservation deposit guarantees that the seller will remove their property from the market as soon as the offer is accepted and the deposit is paid. This means that the property is reserved for you, giving you time to complete the sale without the risk of being gazumped.

The fixed exclusivity period (typically 8-10 weeks) allows you to prepare financing, surveys and property searches with the confidence that you aren't wasting money on a sale that may fall through.

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These particulars, whilst believed to be accurate, are set out as a general outline and are only intended as guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. No person employed by SmoothSale has the authority to make or give any representation or warranty in respect of the property. Photographs are reproduced for general information and it must not be inferred that any item shown is included for sale with the property. Prospective purchasers are advised to inspect the property and commission an expert report where appropriate.Speak to one of our property specialists about our reservation deposit scheme to find out more.

Agent Details

SmoothSale, Leeds

0117 463 2797

Next Steps?

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