3 Bed Detached House, Refurb/BRRR, Grimsby, DN36 5JE, £290,000

Town Road, Tetney, Lincolnshire, DN36 5JE - 2 views - a month ago

Refurb/BRRR
~93 m²
+22 photos

ValuationOvervalued

Sold Prices£125.5K - £365K
Sold Prices/m²£1.4K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£176,338

 

 

End Value (After Refurb)

£288,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£17,700

Refurb Costs

£37,609

Bridging Loan Interest

£7,613

Total Cash In

£137,171

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£288,750

Mortgage (After Refinance)

£216,563

Mortgage LTV

75%

Cash Left In

£137,171

Equity

£72,188

Rent Range

£550 - £2,500

Rent Estimate

£1,138

Running Costs/mo

£1,150

Cashflow/mo

£-12

Cashflow/yr

£-143

Gross Yield

5%

Local Sold Prices

44 sold prices from £125.5K to £365K, average is £192.5K. £1.4K/m² to £4.6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£140K08/210.01 miChelston, Town Road, Tetney, Grimsby, Lincolnshire DN36 5JE3
£270K12/200.05 miKirkfield House, Town Road, Tetney, Grimsby, Lincolnshire DN36 5JD3
£167K08/230.18 mi30, North End Road, Tetney, Grimsby, Lincolnshire DN36 5NA3
£287.5K11/230.19 miRone, School Lane, Tetney, Grimsby, Lincolnshire DN36 5JJ3
£237.5K04/210.19 miSpringfield House, School Lane, Tetney, Grimsby, Lincolnshire DN36 5JJ3
£335K01/230.19 mi4, Todds Close, Tetney, Grimsby, Lincolnshire DN36 5LD3
£190K11/200.2 miThe Rise, Thoresby Road, Tetney, Grimsby, Lincolnshire DN36 5JL3
£125.5K03/210.21 mi4, North Holme, Tetney, Grimsby, Lincolnshire DN36 5NE3
£235K08/230.24 miConifer, Thoresby Road, Tetney, Grimsby, Lincolnshire DN36 5JR3
£150K08/220.26 mi5, Humberston Terrace, Tetney, Grimsby, Lincolnshire DN36 5LJ3
£165K10/200.27 mi13, Westlands Avenue, Tetney, Grimsby, Lincolnshire DN36 5LP3
£265K11/210.38 miChurch Cottage, Church Lane, Tetney, Grimsby, Lincolnshire DN36 5JX3
£195K01/210.38 miField House, Church Lane, Tetney, Grimsby, Lincolnshire DN36 5JX3
£212.5K01/231.36 mi16, Ashby Close, Holton Le Clay, Grimsby, Lincolnshire DN36 5BD3
£155K05/211.41 mi13, South View, Holton Le Clay, Grimsby, Lincolnshire DN36 5BW3
£232K03/231.46 mi46, Langton Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5BJ3
£192K06/211.47 mi15, Grainsby Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BL3
£237.9K02/231.47 mi37, Grainsby Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BL3
£193K01/211.47 mi41, Grainsby Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BL3
£185K12/221.48 mi43, Langton Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5BH3
£210K06/231.48 mi14, Newstead Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BU3
£166K06/211.49 mi13, Newstead Avenue, Holton Le Clay, Grimsby, Lincolnshire DN36 5BX3
£215K03/231.57 mi8, Southfield Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5YG3
£182K04/211.57 mi8, Southfield Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5YG3
£165K11/201.58 mi49, Tetney Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5AS3
£160K12/221.59 mi7, Riby Court, Holton Le Clay, Grimsby, Lincolnshire DN36 5BT3
£232K09/231.6 mi6, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5DR3
£196.5K11/211.6 mi90, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YE3
£175K03/211.6 mi68, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YE3
£240K11/211.6 mi99, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YF3
£228K03/231.6 mi83, Picksley Crescent, Holton Le Clay, Grimsby, Lincolnshire DN36 5YF3
£175K06/211.68 mi46, Pinfold Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5DN3
£155K02/231.68 mi1, Garthway, Holton Le Clay, Grimsby, Lincolnshire DN36 5DW3
£200K12/221.7 mi11, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5HN3
£267K02/231.73 mi3, Campions Close, Holton Le Clay, Grimsby, Lincolnshire DN36 5HF3
£127K05/211.74 mi43, Beverley Close, Holton Le Clay, Grimsby, Lincolnshire DN36 5HG3
£193K12/221.74 mi37, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5EA3
£182.5K06/211.74 mi59, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5EA3
£142.5K07/221.75 mi8, Pinfold Lane, Holton Le Clay, Grimsby, Lincolnshire DN36 5DH3
£197.2K10/231.82 mi11, Holton Mount, Holton Le Clay, Grimsby, Lincolnshire DN36 5EB3
£365K12/201.9 miTanglin, Station Road, North Thoresby, Grimsby, Lincolnshire DN36 5QS3
£166.5K11/211.91 mi25, Holton Mount, Holton Le Clay, Grimsby, Lincolnshire DN36 5EH3
£180K03/231.93 mi41, Holton Mount, Holton Le Clay, Grimsby, Lincolnshire DN36 5HD3
£146K02/211.97 mi149, Louth Road, Holton Le Clay, Grimsby, Lincolnshire DN36 5AD3

Local Rents

21 rents from £550/mo to £2.5K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£1,20004/240 miTown Road, Tetney4
£2,50003/240.24 miThoresby Road, Tetney, DN365
£2,30004/240.26 miThe Barn, Thoresby Road, Tetney6
£1,20004/240.41 miHumberston Road, Tetney, Grimsby1
£92503/240.5 miHedges Drive, Humberston, Grimsby, DN363
£75003/240.51 miHolton Road, Tetney, DN36 5LN2
£85003/241.47 miNewstead Avenue, Holton Le Clay, Grimsby3
£85004/241.47 miNewstead Avenue, Holton Le Clay, Grimsby3
£55011/231.73 mi-2
£59504/241.73 miBeverley Close, Holton-Le-Clay, Grimsby, DN362
£55505/241.73 mi-2
£87504/241.76 miCampions Close, Holton-le-Clay, Grimsby, Lincolnshire, DN362
£92505/241.82 miChurch Close, Holton Le Clay, DN363
£72510/231.84 mi-3
£1,60004/241.86 miLouth Road, Holton-le-Clay, Grimsby, Lincolnshire, DN365
£1,65004/241.87 miStation Road, North Thoresby4
£2,40003/242.37 miThe Maples, Humberston, DN364
£92503/242.38 miGreen Lane, Humberston, GRIMSBY3
£92503/242.4 miAlder Avenue, Humberston, Grimsby, Lincolnshire, DN363
£89503/242.41 miParklands Avenue, Humberston, Grimsby, Lincolnshire, DN363
£69506/242.46 miStarks Row , Fulstow2

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

5.41 miles away

Nearest school

0.20 miles away

Nearest train station

4.88 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £290,000

March 7, 2025

Floor Plans

Description

  • Large Detached House +
  • Popular Tetney Village Location +
  • 3 Bedrooms +
  • 2 Reception Rooms +
  • Expansive Plot and Gardens +
  • Versatile Rear Extension +
  • PVC Double Glazing and Gas Central Heating +
  • Council Tax Band C +
  • EPC Grade E +

A family home of distinguished character and awash with period charm, this deceptively extensive home offers a rare opportunity to acquire an affordable detached house within the much sought after Tetney village.

Situated within an expansive plot, this visually appealing property offers a buyer a serene and comfortable space in an ever more popular location. Surrounded by well maintained and appealing gardens, the property itself is a uniquely singular offering to the market with an incredible amount of raw potential.

The ground floor consists of a large and comfortable bay-fronted lounge complete with feature fireplace and a similarly adorned dining room, again with bay window. These spacious reception rooms complement each other perfectly and enjoy floods of natural light during the day.

The fitted dual-aspect kitchen, complete with a myriad of storage and work surface options, leads into the ground floor extension, a flexible space which is currently utilised as a utility room. This addition might just as easily serve as a small workshop, office or even a home gym thanks to its open nature.

The first floor consists of three well-appointed bedrooms, the smallest of which serves as an ideal home office while the two double bedrooms boast dual aspect outlooks and fitted storage.

The bathroom is split with a separate W/C enabling parallel use of the facilities and although there are opportunities for modernisation, the suite is perfectly serviceable and well maintained.

The property has an immense sense of proportion thanks to its high ceilings, bright decor and neutral presentation. Despite this period character, the property benefits from the modern advantages of gas powered central heating with full service history and PVC double glazing throughout.

Tetney village itself is only 10-15 minutes from the popular resort of Cleethorpes while the property enjoys extremely close proximity to the local shop and is only walking distance from amenities such as the village pub.

This agent would highly recommend internal viewings to appreciate all that this incredible property has to offer.

Agent Details

Relo Estate Agents, Covering Grimsby

01472 404360

Next Steps?

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