3 Bed Terraced House, Refurb/BRRR, Grimsby, DN31 2HS, £42,500

3 1 1 Arthur Street, Grimsby - 2 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£31K - £122K
Sold Prices/m²£470/m² - £1.4K/m²

 

 

Square Metres

~93 m²
Price/m²£457/m²

Value Estimate

£43,350

 

 

End Value (After Refurb)

£82,912

Uplift in Value

+95%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£10,625

Stamp Duty & Legal Fees

£3,325

Refurb Costs

£37,665

Bridging Loan Interest

£1,116

Total Cash In

£54,481

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£82,912

Mortgage (After Refinance)

£62,184

Mortgage LTV

75%

Cash Released

£30,309

Cash Left In

£24,172

Equity

£20,728

Rent Range

£462 - £990

Rent Estimate

£687

Running Costs/mo

£416

Cashflow/mo

£271

Cashflow/yr

£3,246

ROI

6%

Gross Yield

19%

Local Sold Prices

50 sold prices from £31K to £122K, average is £77.3K. £470/m² to £1.4K/m², average is £894/m².

PriceDateDistanceAddressBeds 
£80K06/210.04 mi46, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PB3
£60K07/230.05 mi66, Haven Avenue, Grimsby, North East Lincolnshire DN31 2PA3
£100K02/230.08 mi196, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£65K04/210.08 mi176, Lord Street, Grimsby, North East Lincolnshire DN31 2NJ3
£46K06/210.08 mi153, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£122K02/230.08 mi117, Lord Street, Grimsby, North East Lincolnshire DN31 2NH3
£90K12/220.09 mi54, Arthur Street, Grimsby, North East Lincolnshire DN31 2HT3
£86K07/210.09 mi59, Arthur Street, Grimsby, North East Lincolnshire DN31 2HT3
£60K02/210.1 mi71, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£76K05/210.1 mi36, Henry Street, Grimsby, North East Lincolnshire DN31 2JA3
£60K03/210.11 mi33, Joseph Street, Grimsby, North East Lincolnshire DN31 2NU3
£56K05/210.12 mi73, Haycroft Street, Grimsby, North East Lincolnshire DN31 2HR3
£95K09/230.12 mi11, Bemrose Way, Grimsby, North East Lincolnshire DN31 2JZ3
£90K12/220.12 mi46, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£78.5K07/210.12 mi62, James Street, Grimsby, North East Lincolnshire DN31 2JE3
£84K12/220.14 mi100, Boulevard Avenue, Grimsby, North East Lincolnshire DN31 2JH3
£70K07/210.15 mi27, Lister Street, Grimsby, Humberside DN31 2HZ3
£100K10/210.15 mi6, Chantry Close, Grimsby, North East Lincolnshire DN31 2JY3
£75K02/230.16 mi144, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£87K12/200.16 mi44, Lister Street, Grimsby, North East Lincolnshire DN31 2JG3
£117K09/230.16 mi17, Freshney Drive, Grimsby, North East Lincolnshire DN31 1TN3
£70K02/230.16 mi140, Corporation Road, Grimsby, North East Lincolnshire DN31 1UP3
£73K04/230.17 mi19, Ripon Street, Grimsby, North East Lincolnshire DN31 2HG3
£45K02/210.17 mi13, Ripon Street, Grimsby, North East Lincolnshire DN31 2HG3
£54K02/210.18 mi13, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£50K08/210.18 mi6, Mill Avenue, Grimsby, North East Lincolnshire DN31 2RS3
£82.5K11/220.18 mi181, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£120K09/210.18 mi78, Frederick Street, Grimsby, North East Lincolnshire DN31 1XQ3
£82.5K01/230.19 mi220, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EJ3
£95K01/220.19 mi35, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£59K06/210.19 mi249, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£88K08/230.2 mi205, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£85K01/230.2 mi215, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£74.3K03/230.2 mi207, Macaulay Street, Grimsby, North East Lincolnshire DN31 2EL3
£67.5K11/200.2 mi77, Lord Street, Grimsby, North East Lincolnshire DN31 2ND3
£90K11/220.2 mi237, Corporation Road, Grimsby, North East Lincolnshire DN31 2PZ3
£66K04/230.2 mi51, Veal Street, Grimsby, North East Lincolnshire DN31 2HF3
£83K12/200.21 mi26, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£88K01/210.21 mi33a, Salamander Close, Grimsby, North East Lincolnshire DN31 2NW3
£56K02/210.21 mi10, Beeson Grove, Grimsby, Humberside DN31 2QJ3
£31K04/210.22 mi7, Newby Road, Grimsby, Humberside DN31 2EQ3
£80K09/230.23 mi63, Earl Street, Grimsby, North East Lincolnshire DN31 2PL3
£60K08/210.23 mi44, Wharton Street, Grimsby, North East Lincolnshire DN31 2EG3
£75K08/210.24 mi93, Armstrong Street, Grimsby, North East Lincolnshire DN31 2QQ3
£75K10/210.26 mi6, Lancaster Avenue, Grimsby, North East Lincolnshire DN31 2EW3
£45K12/200.26 mi36, Lancaster Avenue, Grimsby, North East Lincolnshire DN31 2EW3
£80.9K06/210.26 mi12, Lancaster Avenue, Grimsby, North East Lincolnshire DN31 2EW3
£87.5K03/230.26 mi47, Lancaster Avenue, Grimsby, North East Lincolnshire DN31 2EW3
£121K12/220.26 mi25, Earl Street, Grimsby, North East Lincolnshire DN31 2NB3
£50K06/230.26 mi22, Dunmow Street, Grimsby, North East Lincolnshire DN31 2RE3

Local Rents

52 rents from £462/mo to £990/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£52503/240.03 miHaycroft Street, Grimsby3
£48503/240.03 miHenry Street, Grimsby, DN31 2JB3
£56301/240.05 mi-3
£56304/240.05 mi-3
£56006/240.05 mi-3
£55004/240.07 miLord Street, Grimsby3
£59503/240.08 miJames Street, Grimsby, South Humberside, DN313
£62502/240.11 mi-3
£62502/240.11 mi-3
£62504/240.11 mi-3
£60003/240.12 miLawrence Street, Grimsby3
£56303/240.13 mi-3
£56307/240.13 mi-3
£93003/240.15 miMacaulay Park, Grimsby, DN313
£64508/240.15 mi-3
£93003/240.16 miMacaulay Park, Grimsby, DN313
£95503/240.16 miMacaulay Park, Grimsby, DN313
£52503/240.16 miCorporation Road, Grimsby3
£53503/240.16 miRipon Street, Grimsby, N E Lincolnshire, DN313
£96503/240.16 miMacaulay Park, Grimsby, DN313
£96503/240.16 miMacaulay Park, Grimsby, DN313
£93003/240.17 miMacaulay Park, Grimsby, DN313
£93003/240.17 miMacaulay Park, Grimsby, DN313
£68004/240.19 mi-3
£65003/240.19 miMacaulay Street, Grimsby, DN313
£59503/240.19 miCorporation Road, Grimsby3
£46212/230.19 mi-3
£55004/240.21 miCorporation Road, Grimsby3
£60004/240.22 mi-3
£57503/240.24 miAiredale Way, Grimsby3
£70003/250.25 mi-3
£55003/240.25 miLancaster Avenue, Grimsby3
£55003/240.26 miAnderson Street, Grimsby3
£61504/250.27 mi-3
£49507/230.31 mi-3
£73004/250.31 mi-3
£67511/240.32 mi-3
£60004/240.32 miCartergate, Grimsby, Lincolnshire, DN313
£57501/240.32 mi-3
£57501/240.32 mi-3
£85010/240.33 mi-3
£80004/250.33 mi-3
£80004/250.33 mi-3
£99003/240.34 miMacaulay Park, Grimsby, DN313
£99004/240.35 miMacaulay Park, Grimsby, DN313
£60010/240.35 mi-3
£99003/240.35 miMacaulay Park, Grimsby, DN313
£62503/240.35 miTennyson Street, Grimsby, DN313
£62504/240.35 mi-3
£99005/240.35 miMacaulay Park, Grimsby, DN313
£63001/240.35 mi-3
£64009/240.35 mi-3

Local Area Statistics

Population in DN31

9,598

Population in Grimsby

124,581

Town centre distance

0.80 miles away

Nearest school

0.30 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £42,500

March 5, 2025

Floor Plans

Description

  • End of terrace +
  • Modernisation required +
  • Three bedrooms +
  • Kitchen & shower room +
  • Timber single glazed windows +
  • Gas Central Heating +

ATTENTION INVESTORS! Lovelle are delighted to offer to market this spacious end of terrace house, offered to market and in need of refurbishment throughout. Realistically priced! And consisting of three bedrooms, through lounge/diner, kitchen and shower room. Externally, there is garden to the rear. The property benefits from gas central heating and there are timber single glazed windows. Viewings are advised in order to appreciate the true potential of this this investment opportunity not to be missed!  EPC rating: E. Tenure: Freehold,

Agent Details

Lovelle, Grimsby

01472 404571

Next Steps?

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