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3 Bed Terraced House, Refurb/BRRR, Grimsby, DN34 4AL, £90,000

Little Michael Street, Grimsby , DN34 4AL - 9 views - 2 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£31K - £207K
Sold Prices/m²£470/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£92,700
BMV3%

 

 

End Value (After Refurb)

£123,938

Uplift in Value

+38%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£37,686

Bridging Loan Interest

£2,363

Total Cash In

£69,998

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£123,938

Mortgage (After Refinance)

£92,954

Mortgage LTV

75%

Cash Released

£25,454

Cash Left In

£44,545

Equity

£30,985

Rent Range

£462 - £990

Rent Estimate

£687

Running Costs/mo

£545

Cashflow/mo

£142

Cashflow/yr

£1,708

ROI

2%

Gross Yield

9%

Local Sold Prices

50 sold prices from £31K to £207K, average is £127.8K. £470/m² to £1.9K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£134.9K10/220 mi19, Little Michael Street, Grimsby, North East Lincolnshire DN34 4AL3
£85K01/210 mi6, Little Michael Street, Grimsby, North East Lincolnshire DN34 4AL3
£118K08/210.02 mi49, Phyllis Avenue, Grimsby, North East Lincolnshire DN34 4PQ3
£111.5K12/200.02 mi34, Phyllis Avenue, Grimsby, North East Lincolnshire DN34 4PQ3
£127.5K07/210.02 mi35, Phyllis Avenue, Grimsby, North East Lincolnshire DN34 4PQ3
£119.5K06/210.02 mi41, Phyllis Avenue, Grimsby, Humberside DN34 4PQ3
£100K05/210.05 mi18, Rosalind Avenue, Grimsby, North East Lincolnshire DN34 4PG3
£180K11/220.05 mi7, Marshall Avenue, Grimsby, North East Lincolnshire DN34 4AJ3
£105K09/210.06 mi27, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DN3
£125K07/210.07 mi37, Littlefield Lane, Grimsby, North East Lincolnshire DN34 4NU3
£130K06/210.07 mi83, Littlefield Lane, Grimsby, North East Lincolnshire DN34 4NU3
£170K05/230.07 mi93, Littlefield Lane, Grimsby, North East Lincolnshire DN34 4NU3
£139.9K11/210.07 mi27, Rosalind Avenue, Grimsby, North East Lincolnshire DN34 4PH3
£73K10/210.08 mi32, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DW3
£95K02/210.08 mi54, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DW3
£103K06/230.09 mi109, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DL3
£95K06/210.09 mi109, Cromwell Road, Grimsby, North East Lincolnshire DN31 2DL3
£127.5K02/230.1 mi9, Little John Street, Grimsby, North East Lincolnshire DN34 4AQ3
£120K12/220.11 mi16, Phyllis Avenue, Grimsby, North East Lincolnshire DN34 4PJ3
£90K06/210.12 mi2, Cromwell Avenue, Grimsby, North East Lincolnshire DN31 2DR3
£88K09/210.13 mi54, Fairfax Road, Grimsby, North East Lincolnshire DN34 4AP3
£76K10/200.13 mi20, Wentworth Road, Grimsby, North East Lincolnshire DN34 4AR3
£100K07/210.13 mi23, Wentworth Road, Grimsby, North East Lincolnshire DN34 4AR3
£121K06/210.13 mi53, Marshall Avenue, Grimsby, North East Lincolnshire DN34 4AG3
£167K11/200.13 mi11, St Hildas Avenue, Grimsby, North East Lincolnshire DN34 4PF3
£115K08/210.14 mi131, Littlefield Lane, Grimsby, North East Lincolnshire DN34 4PN3
£105K01/230.15 mi7, Morton Road, Grimsby, North East Lincolnshire DN34 4AS3
£160K09/210.15 mi32, Compton Drive, Grimsby, North East Lincolnshire DN34 4PB3
£157.5K06/210.15 mi23, Compton Drive, Grimsby, North East Lincolnshire DN34 4PB3
£162K06/210.15 mi34, Compton Drive, Grimsby, North East Lincolnshire DN34 4PB3
£207K07/220.15 mi10, Compton Drive, Grimsby, North East Lincolnshire DN34 4PB3
£150K12/200.16 mi27, Landeck Avenue, Grimsby, North East Lincolnshire DN34 4PR3
£135K02/210.16 mi8, Landeck Avenue, Grimsby, North East Lincolnshire DN34 4PR3
£142.5K03/230.16 mi46, Marshall Avenue, Grimsby, North East Lincolnshire DN34 4AF3
£123.5K07/210.16 mi46, Marshall Avenue, Grimsby, North East Lincolnshire DN34 4AF3
£125K06/210.16 mi40, Marshall Avenue, Grimsby, North East Lincolnshire DN34 4AF3
£163K03/210.16 mi28, St Anns Avenue, Grimsby, North East Lincolnshire DN34 4PW3
£170K07/230.16 mi23, St Anns Avenue, Grimsby, North East Lincolnshire DN34 4PW3
£153K11/200.19 mi32, Westminster Drive, Grimsby, North East Lincolnshire DN34 4TZ3
£175K06/210.19 mi16, Carlton Road, Grimsby, North East Lincolnshire DN34 4PP3
£157.5K08/210.19 mi25, Carlton Road, Grimsby, Humberside DN34 4PP3
£140K01/210.19 mi35, Carlton Road, Grimsby, North East Lincolnshire DN34 4PP3
£31K04/210.19 mi7, Newby Road, Grimsby, Humberside DN31 2EQ3
£60K08/210.2 mi44, Wharton Street, Grimsby, North East Lincolnshire DN31 2EG3
£185K05/230.2 mi18, Marklew Avenue, Grimsby, North East Lincolnshire DN34 4AB3
£155K03/210.2 mi18, Marklew Avenue, Grimsby, North East Lincolnshire DN34 4AB3
£195K06/210.2 mi25, Dudley Street, Grimsby, North East Lincolnshire DN31 2AW3
£134.9K05/210.21 mi3, Westminster Drive, Grimsby, North East Lincolnshire DN34 4TT3
£128K05/210.21 mi11, Westminster Drive, Grimsby, North East Lincolnshire DN34 4TT3
£140K10/200.23 mi52, Westminster Drive, Grimsby, North East Lincolnshire DN34 4TY3

Local Rents

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

RentDateDistanceAddressBeds 
£80004/250.11 mi-3
£80004/250.11 mi-3
£64007/230.12 mi-3
£85010/240.13 mi-3
£57501/240.13 mi-3
£57501/240.13 mi-3
£85003/240.17 mi-3
£60004/240.22 mi-3
£55003/240.24 miLancaster Avenue, Grimsby3
£70003/250.25 mi-3
£46212/230.28 mi-3
£56303/240.28 mi-3
£56307/240.28 mi-3
£68004/240.28 mi-3
£65003/240.28 miMacaulay Street, Grimsby, DN313
£53503/240.29 miRipon Street, Grimsby, N E Lincolnshire, DN313
£62502/240.3 mi-3
£62502/240.3 mi-3
£62504/240.3 mi-3
£67007/230.33 mi-3
£64508/240.36 mi-3
£55004/240.37 miLord Street, Grimsby3
£60003/240.37 miLawrence Street, Grimsby3
£62511/240.38 mi-3
£62505/240.38 miSpring Bank, Grimsby, DN343
£56006/240.38 mi-3
£60004/240.38 miCartergate, Grimsby, Lincolnshire, DN313
£65001/250.39 mi-3
£65003/240.4 miRoseveare Avenue, Grimsby3
£52503/240.4 miHaycroft Street, Grimsby3
£67504/240.41 miRoseveare Avenue, Grimsby, Lincolnshire, DN313
£48503/240.41 miHenry Street, Grimsby, DN31 2JB3
£55003/240.42 miAnderson Street, Grimsby3
£63503/240.42 miTyler Avenue, Grimsby3
£56301/240.43 mi-3
£56304/240.43 mi-3
£59503/240.43 miJames Street, Grimsby, South Humberside, DN313
£69503/240.43 miAshtree Avenue, Grimsby3
£61504/250.43 mi-3
£69511/230.46 mi-3
£99005/240.46 miMacaulay Park, Grimsby, DN313
£79503/240.47 miManor Avenue, Grimsby, Lincolnshire, DN323
£60005/240.47 mi-3
£62505/240.48 miSpring Bank, Grimsby3
£59007/230.48 mi-3
£65012/240.49 mi-3
£79510/240.5 mi-3
£77504/240.5 miBargate ( GF Front), Grimsby, North East Lincolnshire, DN343
£99003/240.51 miMacaulay Park, Grimsby, DN313
£95503/240.51 miMacaulay Park, Grimsby, DN313
£96503/240.52 miMacaulay Park, Grimsby, DN313
£96503/240.52 miMacaulay Park, Grimsby, DN313

Links

Local Area Statistics

Population in DN34

19,205

Population in Grimsby

124,581

Town centre distance

0.48 miles away

Nearest school

0.30 miles away

Nearest train station

0.51 miles away

 

 

Rental growth (12m)

-18%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £90,000

March 9, 2025

Floor Plans

Description

  • Mid terrace property located within the town of Grimsby +
  • Being sold with NO FORWARD CHAIN +
  • In need of a scheme of modernisation but priced to reflect +
  • Three bedrooms, two being doubles and bathroom +
  • Lounge, dining room and kitchen +
  • Gardens to the front and rear - Nearby to local amenities +
  • uPVC double glazing and gas central heating +
  • Energy performance rating D and Council tax band A +

NO FORWARD CHAIN - IDEAL FOR A FIRST TIME BUYER OR INVESTOR - Crofts estate agents are delighted to offer for sale this spacious mid terrace property which is located within close proximity to Grimsby town centre. Ideal for a first time buyer or investor, this property comes with viewing highly advised. Internal viewing will reveal the entrance hall, lounge, dining room and kitchen to the ground floor. To the first floor there are three bedroom and the bathroom. With low maintenance gardens to the front and rear and the property also benefits

Agent Details

Crofts Estate Agents, Cleethorpes

01472 404562

Next Steps?

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

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