2 Bed Terraced House, Single Let, Grimsby, DN36 5XH, £90,000

31 Sea View Street, Cleethorpes, North East Lincolnshire, DN35 8EU - 1 views - 25 days ago

BTL
ROI: 5%
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£50K - £200K
Sold Prices/m²£641/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£112,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£525 - £525

Rent Estimate

£525

Running Costs/mo

£406

Cashflow/mo

£119

Cashflow/yr

£1,425

ROI

5%

Gross Yield

7%

Local Sold Prices

10 sold prices from £50K to £200K, average is £120K. £641/m² to £2.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£90K01/220.01 mi70, Dyke Road, North Cotes, Grimsby, Lincolnshire DN36 5XH2
£50K05/210.09 mi2, Marsh Way, North Cotes, Grimsby, Lincolnshire DN36 5XJ2
£75K03/210.09 mi30, Marsh Way, North Cotes, Grimsby, Lincolnshire DN36 5XJ2
£79K04/210.09 mi1, Marsh Way, North Cotes, Grimsby, Lincolnshire DN36 5XJ2
£200K03/231.27 miThe Old Bakery, Lock Road, North Cotes, Grimsby, Lincolnshire DN36 5UP2
£155K07/211.74 mi6, Plumtree Drive, Marshchapel, Grimsby, Lincolnshire DN36 5TS2
£130K09/211.8 mi2, Swaby Mews, Marshchapel, Grimsby, Lincolnshire DN36 5SP2
£145K09/231.8 mi2, Swaby Mews, Marshchapel, Grimsby, Lincolnshire DN36 5SP2
£120K04/211.84 mi19, Swaby Close, Marshchapel, Grimsby, Lincolnshire DN36 5SA2
£120K07/211.94 miChurch View, Church Lane, Marshchapel, Grimsby, Lincolnshire DN36 5TW2

Local Rents

1 rents from £525/mo to £525/mo, average is £525/mo.

RentDateDistanceAddressBeds 
£52503/241.53 miSea Dyke Way, Marshchapel, DN36 5TF2

Local Area Statistics

Population in DN36

19,164

Population in Grimsby

124,581

Town centre distance

7.48 miles away

Nearest school

1.30 miles away

Nearest train station

5.71 miles away

 

 

Rental growth (12m)

-31%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £90,000

March 20, 2025

Description

  • Mid Terrace Property +
  • Coastal Village Of North Cotes +
  • Two Double Bedrooms +
  • Lounge/Dining Room +
  • Kitchen & Utility +
  • Modern Bathroom +
  • Good Sized Rear Garden +
  • No Forward Chain +

A two bedroom mid terrace property located on the former RAF base in the coastal village of North Cotes.
The accommodation offers; entrance hallway, rear aspect lounge/dining room, kitchen, utility, and to the first floor are two double bedrooms and a bathroom. Gardens to the front and rear. An ideal first time purchase or rental investment...Offered for sale with no forward chain.

Entrance Hall - With staircase to the first floor.

Lounge/Dining Room - 5.77 x 3.01 (18'11" x 9'10") - To rear aspect, with fireplace incorporating an electric fire, and double doors opening onto the rear garden.

Kitchen - 2.95 x 2.25 (9'8" x 7'4") - Requiring updating, currently comprising of fitted wall and base units. Front aspect window.

Utility - 4.72 x 1.36 (15'5" x 4'5") - Internal side passageway with access to the front and rear of the property. With fitted storage units.

First Floor Landing - With a built-in storage cupboard.

Bedroom 1 - 3.73 x 2.87 (12'2" x 9'4") - To rear aspect, with two built-in wardrobes.

Bedroom 2 - 3.73 x 2.80 (12'2" x 9'2") - A second double bedroom to rear aspect, with a built-in wardrobe.

Bathroom - 1.97 x 1.80 (6'5" x 5'10") - Fitted with a vanity sink unit, wc, and panelled bath with shower over.

Outside - The property stands in mainly lawned gardens to the front and rear.

Tenure - Freehold

Council Tax Band - A

Agent Details

Argyle Estate Agents, Cleethorpes

01472 404597

Next Steps?

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