2 Bed Bungalow, Refurb/BRRR, Grimsby, DN36 4DZ, £155,000

Stephen Crescent, Humberston, N E Lincs, DN36 4DZ - 21 days ago

Sold STC
Refurb/BRRR
ROI: 4%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£99K - £290K
Sold Prices/m²£1.4K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£158,100

 

 

End Value (After Refurb)

£163,054

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£8,950

Refurb Costs

£27,544

Bridging Loan Interest

£4,069

Total Cash In

£81,063

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£163,054

Mortgage (After Refinance)

£122,290

Mortgage LTV

75%

Cash Released

£6,040

Cash Left In

£75,022

Equity

£40,763

Rent Range

£585 - £3,337

Rent Estimate

£1,029

Running Costs/mo

£735

Cashflow/mo

£294

Cashflow/yr

£3,524

ROI

4%

Gross Yield

8%

Local Sold Prices

46 sold prices from £99K to £290K, average is £171.5K. £1.4K/m² to £3.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£209.9K09/230 mi31, Stephen Crescent, Humberston, Grimsby, North East Lincolnshire DN36 4DZ2
£168K01/230.04 mi10, St Johns Road, Humberston, Grimsby, North East Lincolnshire DN36 4DY2
£148K03/210.08 mi3, St Marks Road, Humberston, Grimsby, North East Lincolnshire DN36 4DX2
£147.5K10/200.11 mi2, The Crofts, Humberston, Grimsby, North East Lincolnshire DN36 4DN2
£151K07/230.11 mi20, St Mathews Road, Humberston, Grimsby, North East Lincolnshire DN36 4EE2
£153K06/210.11 mi3, Stephen Crescent, Humberston, Grimsby, North East Lincolnshire DN36 4DS2
£173K06/230.11 mi7, St Christophers Road, Humberston, Grimsby, North East Lincolnshire DN36 4ED2
£168K01/230.11 mi21, St Christophers Road, Humberston, Grimsby, North East Lincolnshire DN36 4ED2
£175K06/210.19 mi14, Church Avenue, Humberston, Grimsby, North East Lincolnshire DN36 4DB2
£139.9K03/210.2 mi13, Paul Crescent, Humberston, Grimsby, North East Lincolnshire DN36 4DF2
£155K02/210.25 mi16, Fieldhouse Road, Humberston, Grimsby, North East Lincolnshire DN36 4TL2
£215K06/210.26 mi44, Sheraton Drive, Humberston, Grimsby, North East Lincolnshire DN36 4TW2
£145K02/210.29 mi16, Midfield Place, Humberston, Grimsby, North East Lincolnshire DN36 4TJ2
£220K06/230.29 mi21, The Cloisters, Humberston, Grimsby, North East Lincolnshire DN36 4HT2
£175K11/220.3 mi15, Ennerdale Close, Humberston, Grimsby, North East Lincolnshire DN36 4AE2
£132.5K01/230.31 mi66, Coniston Crescent, Humberston, Grimsby, North East Lincolnshire DN36 4BA2
£173K09/230.34 mi4, Whitehall Country Cottages, Cleethorpes, North East Lincolnshire DN35 0TX2
£150.5K07/210.34 mi4, Whitehall Country Cottages, Cleethorpes, North East Lincolnshire DN35 0TX2
£137.5K01/210.34 mi32, Midfield Road, Humberston, Grimsby, North East Lincolnshire DN36 4TH2
£180K06/210.36 mi41, Derwent Drive, Humberston, Grimsby, North East Lincolnshire DN36 4BB2
£145K04/220.36 mi30, Swales Road, Humberston, Grimsby, North East Lincolnshire DN36 4UQ2
£192.5K03/230.38 mi3, Richardson Close, Humberston, Grimsby, North East Lincolnshire DN36 4HY2
£245K10/200.39 mi29, Westbury Road, Cleethorpes, North East Lincolnshire DN35 0QQ2
£175K07/210.42 mi7, Burcom Avenue, Humberston, Grimsby, Humberside DN36 4XP2
£150K11/200.42 mi20, Primrose Way, Cleethorpes, North East Lincolnshire DN35 0SN2
£135K09/230.43 mi20, Meadow View, Cleethorpes, North East Lincolnshire DN35 0QU2
£115K07/210.43 mi9, Meadow View, Cleethorpes, North East Lincolnshire DN35 0QU2
£99K05/210.43 mi20, Meadow View, Cleethorpes, North East Lincolnshire DN35 0QU2
£290K01/230.46 mi1, Lambourn Court, Cleethorpes, North East Lincolnshire DN35 0UH2
£169.9K05/210.46 mi7, Haile Road, Humberston, Grimsby, North East Lincolnshire DN36 4XR2
£231K05/210.46 mi3, Westport Road, Cleethorpes, North East Lincolnshire DN35 0QF2
£245K04/230.52 mi1, Waldorf Road, Cleethorpes, North East Lincolnshire DN35 0QD2
£154.9K06/210.52 mi10, Clee Ness Drive, Humberston, Grimsby, North East Lincolnshire DN36 4XS2
£153K06/210.53 mi4, Holdan Close, Humberston, Grimsby, North East Lincolnshire DN36 4LA2
£203K05/230.55 mi27, Hewson Road, Humberston, Grimsby, North East Lincolnshire DN36 4UD2
£215K03/230.59 mi7, South Sea Lane, Humberston, Grimsby, North East Lincolnshire DN36 4JY2
£229K10/210.67 mi13, Iona Drive, Humberston, Grimsby, North East Lincolnshire DN36 4XU2
£239.9K09/230.67 mi13, Iona Drive, Humberston, Grimsby, North East Lincolnshire DN36 4XU2
£237K11/220.69 mi21, Cumberland Road, Cleethorpes, North East Lincolnshire DN35 0NS2
£280K01/230.88 mi209, North Sea Lane, Cleethorpes, North East Lincolnshire DN35 0PR2
£220K07/210.88 mi106, Seaford Road, Cleethorpes, North East Lincolnshire DN35 0NW2
£135K11/200.93 mi24, Alvingham Avenue, Cleethorpes, North East Lincolnshire DN35 0TQ2
£140K11/200.95 mi2, Waltham Grange, Cleethorpes, North East Lincolnshire DN35 0TE2
£130K09/210.97 mi1, Marshchapel Close, Cleethorpes, Humberside DN35 0TD2
£279.5K12/220.99 mi24, Cattistock Road, Cleethorpes, North East Lincolnshire DN35 0RZ2
£215K06/230.99 mi39, Fillingham Crescent, Cleethorpes, North East Lincolnshire DN35 0JF2

Local Rents

50 rents from £585/mo to £3.3K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£89504/240.14 miQueen Elizabeth Road, Humberston, Grimsby3
£1,10003/240.2 miStanland Way, Humberston, DN365
£85001/250.3 mi-3
£87503/240.31 miConiston Crescent, Humberston, Grimsby, DN36 2
£92504/240.34 miFern Close, Humberston, Grimsby, DN363
£90503/240.34 miFern Close, Humberston, Grimsby, Lincolnshire, DN363
£65004/240.34 miWhitehall Country Cottages, Cleethorpes1
£87503/240.43 miPrimrose Way, Cleethorpes3
£92503/240.47 miAlder Avenue, Humberston, Grimsby, Lincolnshire, DN363
£1,25004/240.51 miHoneysuckle Court, Cleethorpes4
£70003/240.51 miBeck Walk, Cleethorpes, DN352
£75003/240.9 miCottesmore Road, Cleethorpes3
£89503/240.91 miParklands Avenue, Humberston, Grimsby, Lincolnshire, DN363
£79505/240.92 miCottesmore Road, Cleethorpes2
£95003/240.92 miPytchley Walk, Cleethorpes, DN353
£95003/240.96 miBeaufort Crescent, Cleethorpes3
£75003/240.98 miBurley Avenue, Cleethorpes2
£77005/241 miEskham Close, Cleethorpes2
£89501/241.01 mi-2
£3,33702/251.06 mi-3
£58502/251.09 mi-2
£1,20003/241.11 miParklands Avenue, Humberston 4
£92503/241.13 miGreen Lane, Humberston, GRIMSBY3
£1,08301/251.13 mi-5
£95012/241.14 mi-3
£99503/251.14 mi-3
£89504/241.16 mi-3
£89503/241.16 miHarvey Walk, New Waltham, DN363
£87508/241.16 mi-3
£89505/241.16 miPeterson Drive, Grimsby, DN363
£1,20003/241.17 miBygott Walk, New Waltham, Grimsby, DN364
£99503/241.18 miPeterson Drive, New Waltham4
£75003/241.25 miAmethyst Court, New Waltham, Grimsby, Lincolnshire, DN362
£2,40003/241.25 miThe Maples, Humberston, DN364
£1,20003/241.26 miTaylors Avenue, Cleethorpes, DN354
£1,00004/241.36 mi-3
£1,00004/251.36 mi-3
£88504/241.48 miStation Avenue, New Waltham, Lincolnshire, DN363
£75003/251.49 mi-3
£1,20003/241.51 miWinter Gardens Close, Cleethorpes3
£90003/251.51 mi-4
£65003/241.52 miChandos, Kingsway, Cleethorpes, Lincolnshire, DN351
£67504/241.53 miWarwick Road, Cleethorpes3
£95003/241.53 mi-3
£97504/241.55 miChandos, Cleethorpes2
£1,20002/241.55 mi-2
£1,20003/241.55 mi-2
£1,50004/241.55 mi-2
£1,20001/251.55 mi-2
£1,50003/241.55 miKingsway, Cleethorpes, DN352

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

3.22 miles away

Nearest school

0.10 miles away

Nearest train station

2.11 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £155,000

March 17, 2025

Floor Plans

Description

  • No Forward Chain +
  • Semi -Detached Bungalow +
  • Much Sought After Humberston Location +
  • 2 Bedrooms +
  • Opportunities for Modernisation +
  • Driveway for Off Road Parking +
  • PVC Double Glazing and Gas Central Heating +
  • Council Tax Band B +
  • EPC Grade D +

Now available to market with No Forward Chain is this quaint and deceptively spacious Semi-Detached bungalow which boasts placement within a highly sought after and immensely popular location.

Humberston village boasts incredibly close proximity to the coast and sea front while also possessing a full range of local amenities itself including shops, pubs and eateries. This is a fantastic location for a wide range of buyers but especially those that are seeking easier access to the beach or Cleethorpes itself.

The bungalow would require a full scheme of modernisation but has been well kept and maintained by the same owner since its original construction in 1963. The charming location is greatly aided by the generous plot which includes front and rear gardens, extensive driveway for off road parking and detached garage.

The property itself consists of two bedrooms, both with fitted storage, a sizable lounge, a kitchen come dining area with archway separating and a fitted family bathroom with fully tiled finished.

A fully glazed conservatory to the rear also enables sheltered enjoyment of the pleasant rear garden and an excellent outlook from which to enjoy a spell of quiet relaxation.

The property already benefits from a modern central heating system with service history and PVC double glazing throughout which were only replaced in 2023.

The potential of this property is immense and has versatility enough to configure it to a wide range of requirements from a bigger kitchen or complete reorganisation of the bedrooms.

The agent would highly recommend internal viewings to appreciate all that this bungalow could have to offer.

Agent Details

Relo Estate Agents, Covering Grimsby

01472 404360

Next Steps?

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