3 Bed Terraced House, Refurb/BRRR, Grimsby, DN32 0LY, £69,950

Ainslie Street, Grimsby, DN32 0LY - 5 views - a month ago

Refurb/BRRR
ROI: 4%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£57K - £302K
Sold Prices/m²£574/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£752/m²

Value Estimate

£72,049
BMV3%

 

 

End Value (After Refurb)

£94,102

Uplift in Value

+35%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,488

Stamp Duty & Legal Fees

£4,698

Refurb Costs

£37,415

Bridging Loan Interest

£1,836

Total Cash In

£63,186

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£94,102

Mortgage (After Refinance)

£70,576

Mortgage LTV

75%

Cash Released

£18,114

Cash Left In

£45,073

Equity

£23,525

Rent Range

£495 - £1,100

Rent Estimate

£653

Running Costs/mo

£445

Cashflow/mo

£208

Cashflow/yr

£2,500

ROI

4%

Gross Yield

11%

Local Sold Prices

50 sold prices from £57K to £302K, average is £93.5K. £574/m² to £2.5K/m², average is £924/m².

PriceDateDistanceAddressBeds 
£156K11/200 mi60, Ainslie Street, Grimsby, North East Lincolnshire DN32 0LY3
£87.5K01/210.05 mi12a, St Olafs Grove, Grimsby, North East Lincolnshire DN32 0HA3
£87.5K01/210.05 mi12a, St Olafs Grove, Grimsby, North East Lincolnshire DN32 0HA3
£57K05/210.09 mi47, Wintringham Road, Grimsby, North East Lincolnshire DN32 0PD3
£90K10/200.1 mi34, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0NN3
£100K03/230.1 mi90, Lambert Road, Grimsby, North East Lincolnshire DN32 0NR3
£127K05/210.1 mi60, Wellowgate, Grimsby, North East Lincolnshire DN32 0EY3
£115K11/200.14 mi87, Welholme Road, Grimsby, North East Lincolnshire DN32 0NL3
£295K09/220.14 mi21, Abbey Drive West, Grimsby, North East Lincolnshire DN32 0HH3
£62K02/210.15 mi130, Lambert Road, Grimsby, North East Lincolnshire DN32 0NS3
£95K04/210.22 mi41, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0NE3
£75K03/230.22 mi326, Willingham Street, Grimsby, North East Lincolnshire DN32 9QD3
£93K06/230.22 mi34, Manor Avenue, Grimsby, North East Lincolnshire DN32 0QR3
£125K09/210.23 mi44, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JU3
£71K03/230.24 mi228, Willingham Street, Grimsby, North East Lincolnshire DN32 9PY3
£65K02/210.26 mi201, Willingham Street, Grimsby, North East Lincolnshire DN32 9PX3
£277K07/210.28 mi7, Welholme Road, Grimsby, North East Lincolnshire DN32 0DT3
£80K06/230.29 mi11, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3
£66K03/210.29 mi26, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3
£72K07/230.29 mi26, Peaksfield Avenue, Grimsby, North East Lincolnshire DN32 9QE3
£193K03/210.3 mi26, Welholme Road, Grimsby, North East Lincolnshire DN32 0DU3
£110K10/210.3 mi141, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LA3
£100K02/210.3 mi115, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LA3
£85K04/210.3 mi113, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LA3
£215K03/210.31 mi64d, Brighowgate, Grimsby, North East Lincolnshire DN32 0QW3
£133.5K06/230.31 mi130, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JS3
£302K05/220.31 mi12a, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0HP3
£105K05/230.34 mi131, Willingham Street, Grimsby, North East Lincolnshire DN32 9PT3
£61K11/200.34 mi4, Hare Street, Grimsby, North East Lincolnshire DN32 9LA3
£87K08/230.34 mi60, Hare Street, Grimsby, North East Lincolnshire DN32 9LA3
£61.5K11/200.36 mi168, Welholme Road, Grimsby, North East Lincolnshire DN32 9LP3
£141K05/230.4 mi188, Legsby Avenue, Grimsby, North East Lincolnshire DN32 0LB3
£61K04/210.41 mi49, Patrick Street, Grimsby, North East Lincolnshire DN32 9NT3
£159.5K05/210.41 mi196, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JR3
£149K02/230.42 mi179, Farebrother Street, Grimsby, North East Lincolnshire DN32 0JP3
£58K09/220.42 mi87, Willingham Street, Grimsby, North East Lincolnshire DN32 9BS3
£85K01/230.43 mi13, Gertrude Street, Grimsby, North East Lincolnshire DN32 0JN3
£71K03/230.44 mi86, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9BT3
£210K11/220.44 mi88, Bargate, Grimsby, North East Lincolnshire DN34 5AB3
£97K12/200.45 mi7, Bratton Court, Grimsby, North East Lincolnshire DN32 0AR3
£104K11/210.45 mi25, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£95K08/230.45 mi21, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£90K05/230.45 mi10, David Street, Grimsby, North East Lincolnshire DN32 9NL3
£71K05/230.45 mi63, Hainton Avenue, Grimsby, North East Lincolnshire DN32 9BX3
£70K05/230.45 mi77, Highfield Avenue, Grimsby, North East Lincolnshire DN32 0JW3
£185K11/220.46 mi10, Augusta Street, Grimsby, North East Lincolnshire DN34 4TA3
£94K01/230.46 mi92, Heneage Road, Grimsby, North East Lincolnshire DN32 9JJ3
£252K04/210.47 mi44, Welholme Avenue, Grimsby, North East Lincolnshire DN32 0PN3
£80K04/230.47 mi222, Welholme Road, Grimsby, North East Lincolnshire DN32 9JB3
£86K02/230.47 mi302, Heneage Road, Grimsby, North East Lincolnshire DN32 9NW3

Local Rents

50 rents from £495/mo to £1.1K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£49504/240.09 miWintringham Road, Grimsby3
£60003/240.16 miWintringham Road, Grimsby, Lincolnshire, DN323
£65001/240.19 mi-3
£69509/240.2 mi-3
£70003/250.2 mi-3
£60004/250.22 mi-3
£55003/240.23 miWillingham Road3
£55003/240.23 miWillingham Street, Grimsby3
£79503/240.24 miManor Avenue, Grimsby, Lincolnshire, DN323
£62511/240.25 mi-3
£55003/240.26 miWelholme Road, Grimsby, DN32 9LW3
£69502/250.28 mi-3
£72512/240.29 mi-3
£67507/240.29 mi-3
£1,10004/240.3 miWelholme Road, Grimsby, Lincolnshire, DN323
£85512/240.33 mi-3
£72504/240.34 miFlorence Street, Grimsby, Lincolnshire, DN323
£77504/240.35 miBargate ( GF Front), Grimsby, North East Lincolnshire, DN343
£59510/230.38 mi-3
£65004/240.39 miGranville Street, Grimsby, Lincolnshire, DN323
£74503/240.4 mi-3
£55003/240.4 miHeneage Road,Grimsby3
£67504/250.41 mi-3
£65004/240.41 miPatrick Street, Grimsby, South Humberside, DN323
£60004/240.41 miPatrick Street, Grimsby3
£63001/240.42 mi-3
£65001/250.42 mi-3
£59503/240.44 miDavid Street, Grimsby3
£67504/250.44 mi-3
£67504/240.44 miFarebrother Street, Grimsby, Lincolnshire, DN323
£57504/240.46 mi-3
£60004/250.47 mi-3
£60004/240.48 miCartergate, Grimsby, Lincolnshire, DN313
£99003/240.5 miMacaulay Park, Grimsby, DN313
£62504/240.5 mi-3
£62505/240.51 mi-3
£62505/240.51 mi-3
£52503/240.52 miEdward Street, Grimsby Move in deal £760!!3
£59511/240.52 mi-3
£53503/240.52 miConvamore Road, Grimsby!3
£62512/240.52 mi-3
£51503/240.53 miPatrick Street, Grimsby, North East Lincolnshire, DN323
£51503/240.53 miPatrick Street, Grimsby, North East Lincolnshire, DN323
£55003/240.54 miDavid Street, Grimsby3
£53001/240.54 mi-3
£57504/240.54 miConvamore Road, Grimsby, North East Lincolnshire, DN323
£61504/250.54 mi-3
£60012/230.54 mi-3
£75003/240.55 miHainton Avenue, Grimsby3
£55003/240.55 miAnderson Street, Grimsby3

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

0.49 miles away

Nearest school

0.40 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £69,950

March 19, 2025

Description

  • Three Bedroom Terrace Property +
  • Through Lounge Diner +
  • Close to Town Centre and Amenities +
  • Investment Opportunity +
  • Renovations Required +
  • No Chain +

Available for sale with no chain is this three bedroom terrace property located in walking distance to Grimsby town centre, allowing easy access to shops, amenities and public transport links.  The property would make an ideal investment opportunity with scope to add value after renovations.  As you enter through the hallway you are then greeted by a spacious through lounger diner, followed by a fitted kitchen and a bathroom to the rear elevation.  To the first floor is three double bedrooms.  The property benefits from uPVC double glazing, gas central heating and, front and rear gardens. Calle Belvoir to arrange a viewing! EPC rating: D. Tenure: Freehold,

Agent Details

Belvoir, Grimsby

01472 517751

Next Steps?

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