dealsourcr

3 Bed Terraced House, Refurb/BRRR, Grimsby, DN34 4DB, £82,500

Spring Bank, Grimsby , DN34 4DB - 1 views - a month ago

Refurb/BRRR
ROI: 2%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£45K - £185K
Sold Prices/m²£506/m² - £2.2K/m²

 

 

Square Metres

~93 m²
Price/m²£887/m²

Value Estimate

£84,975
BMV3%

 

 

End Value (After Refurb)

£119,392

Uplift in Value

+45%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,625

Stamp Duty & Legal Fees

£5,325

Refurb Costs

£37,686

Bridging Loan Interest

£2,166

Total Cash In

£67,551

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£119,392

Mortgage (After Refinance)

£89,544

Mortgage LTV

75%

Cash Released

£27,669

Cash Left In

£39,882

Equity

£29,848

Rent Range

£462 - £990

Rent Estimate

£630

Running Costs/mo

£519

Cashflow/mo

£111

Cashflow/yr

£1,331

ROI

2%

Gross Yield

9%

Local Sold Prices

50 sold prices from £45K to £185K, average is £95K. £506/m² to £2.2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£90K12/200.01 mi126, Spring Bank, Grimsby, North East Lincolnshire DN34 4DB3
£78K06/230.04 mi32, Douglas Avenue, Grimsby, North East Lincolnshire DN31 2BL3
£110K04/210.04 mi6, Douglas Avenue, Grimsby, North East Lincolnshire DN31 2BL3
£94K12/200.04 mi27, Douglas Avenue, Grimsby, North East Lincolnshire DN31 2BL3
£125K03/230.04 mi113, Spring Bank, Grimsby, North East Lincolnshire DN34 4DA3
£175K07/220.06 mi25, Lombard Street, Grimsby, North East Lincolnshire DN34 4BJ3
£100K08/210.08 mi275, Cromwell Road, Grimsby, North East Lincolnshire DN31 2BH3
£178K11/220.08 mi2, Larch Crescent, Grimsby, North East Lincolnshire DN34 4JB3
£89.5K10/220.09 mi42, Roseveare Avenue, Grimsby, North East Lincolnshire DN34 4BE3
£70K12/200.11 mi18, Spark Street, Grimsby, North East Lincolnshire DN34 4JJ3
£105K10/220.12 mi8, Lombard Street, Grimsby, North East Lincolnshire DN34 4BJ3
£98K09/220.12 mi17, Lombard Street, Grimsby, North East Lincolnshire DN34 4BJ3
£84K03/210.12 mi20, Lombard Street, Grimsby, North East Lincolnshire DN34 4BJ3
£140K07/220.13 mi2, Spring Bank, Grimsby, North East Lincolnshire DN34 4BG3
£80K05/210.15 mi24, Wall Street, Grimsby, Humberside DN34 4BH3
£80K05/210.15 mi225, Cromwell Road, Grimsby, North East Lincolnshire DN31 2BE3
£128K05/230.15 mi211, Cromwell Road, Grimsby, North East Lincolnshire DN31 2BE3
£95K05/230.19 mi238, Cromwell Road, Grimsby, North East Lincolnshire DN31 2BX3
£135K09/220.2 mi54, Yarborough Road, Grimsby, North East Lincolnshire DN34 4DJ3
£134K07/210.21 mi116, Sorrel Road, Grimsby, North East Lincolnshire DN34 4GB3
£105K01/210.22 mi61, Yarborough Road, Grimsby, North East Lincolnshire DN34 4EG3
£74.5K07/230.24 mi5, Naseby Grove, Grimsby, North East Lincolnshire DN31 2BZ3
£86K11/220.25 mi8, Sidney Road, Grimsby, North East Lincolnshire DN34 4AU3
£78K03/210.25 mi10, Sidney Road, Grimsby, North East Lincolnshire DN34 4AU3
£71K05/210.26 mi6, Sidney Road, Grimsby, North East Lincolnshire DN34 4AU3
£135K04/210.26 mi135, Yarborough Road, Grimsby, North East Lincolnshire DN34 4EE3
£63K09/230.27 mi4, Boulevard Way, Grimsby, North East Lincolnshire DN31 2DA3
£105K01/210.27 mi28, Norman Road, Grimsby, North East Lincolnshire DN34 4AT3
£95K06/210.27 mi26, Norman Road, Grimsby, North East Lincolnshire DN34 4AT3
£185K05/230.28 mi18, Marklew Avenue, Grimsby, North East Lincolnshire DN34 4AB3
£155K03/210.28 mi18, Marklew Avenue, Grimsby, North East Lincolnshire DN34 4AB3
£120K07/230.29 mi9, Allenby Avenue, Grimsby, North East Lincolnshire DN34 4QL3
£85.5K02/230.29 mi8, Allenby Avenue, Grimsby, North East Lincolnshire DN34 4QL3
£142K11/220.29 mi56, Clifton Road, Grimsby, North East Lincolnshire DN34 4QN3
£117K02/230.29 mi4, Clifton Road, Grimsby, North East Lincolnshire DN34 4QN3
£85K01/210.29 mi32, Clifton Road, Grimsby, North East Lincolnshire DN34 4QN3
£75K10/220.3 mi26, Allenby Avenue, Grimsby, North East Lincolnshire DN34 4QL3
£95K12/200.31 mi15, Clifton Road, Grimsby, North East Lincolnshire DN34 4QW3
£90K11/200.31 mi57, Clifton Road, Grimsby, North East Lincolnshire DN34 4QW3
£94K06/210.31 mi17, Clifton Road, Grimsby, North East Lincolnshire DN34 4QW3
£135K05/210.33 mi180, Yarborough Road, Grimsby, North East Lincolnshire DN34 4DN3
£105K05/210.34 mi32, Cross Coates Road, Grimsby, North East Lincolnshire DN34 4QJ3
£151K06/230.35 mi27, Wimborn Avenue, Grimsby, North East Lincolnshire DN34 4QS3
£123K04/230.35 mi21, Wimborn Avenue, Grimsby, North East Lincolnshire DN34 4QS3
£76K10/200.35 mi20, Wentworth Road, Grimsby, North East Lincolnshire DN34 4AR3
£100K07/210.35 mi23, Wentworth Road, Grimsby, North East Lincolnshire DN34 4AR3
£88K09/210.35 mi54, Fairfax Road, Grimsby, North East Lincolnshire DN34 4AP3
£45K12/200.36 mi36, Lancaster Avenue, Grimsby, North East Lincolnshire DN31 2EW3
£80.9K06/210.36 mi12, Lancaster Avenue, Grimsby, North East Lincolnshire DN31 2EW3
£87.5K03/230.36 mi47, Lancaster Avenue, Grimsby, North East Lincolnshire DN31 2EW3

Local Rents

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

RentDateDistanceAddressBeds 
£62505/240 miSpring Bank, Grimsby3
£60005/240 mi-3
£59007/230 mi-3
£69511/230.04 mi-3
£63503/240.07 miTyler Avenue, Grimsby3
£65003/240.09 miRoseveare Avenue, Grimsby3
£62511/240.1 mi-3
£62505/240.1 miSpring Bank, Grimsby, DN343
£65012/240.13 mi-3
£67504/240.15 miRoseveare Avenue, Grimsby, Lincolnshire, DN313
£65001/250.16 mi-3
£82503/240.22 miSilver Birch Place, Grimsby, DN343
£99005/240.3 miMacaulay Park, Grimsby, DN313
£69503/240.35 miAshtree Avenue, Grimsby3
£64007/230.36 mi-3
£55003/240.36 miLancaster Avenue, Grimsby3
£70003/250.36 mi-3
£57501/240.38 mi-3
£57501/240.38 mi-3
£85010/240.38 mi-3
£80004/250.4 mi-3
£80004/250.4 mi-3
£79510/240.41 mi-3
£46212/230.41 mi-3
£60004/240.41 mi-3
£65003/240.42 miMacaulay Street, Grimsby, DN313
£68004/240.42 mi-3
£64508/240.45 mi-3
£67007/230.48 mi-3
£60003/240.48 miLawrence Street, Grimsby3
£70004/240.48 miToothill Gardens, Grimsby, North East Lincs, DN34 3
£56303/240.49 mi-3
£56307/240.49 mi-3
£62502/240.5 mi-3
£62502/240.51 mi-3
£62502/240.51 mi-3
£62504/240.51 mi-3
£67507/230.51 mi-3
£55004/240.53 miLord Street, Grimsby3
£52508/240.54 mi-3
£56006/240.55 mi-3
£59503/240.56 miJames Street, Grimsby, South Humberside, DN313
£48503/240.58 miHenry Street, Grimsby, DN31 2JB3
£56301/240.59 mi-3
£56304/240.59 mi-3
£49503/240.61 miElsenham Road, Grimsby3
£62510/240.61 mi-3
£55004/240.61 miCorporation Road, Grimsby3
£53503/240.62 miRipon Street, Grimsby, N E Lincolnshire, DN313

Links

Local Area Statistics

Population in DN34

19,205

Population in Grimsby

124,581

Town centre distance

0.91 miles away

Nearest school

0.30 miles away

Nearest train station

0.96 miles away

 

 

Rental growth (12m)

-18%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £82,500

March 26, 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 +
  • Nearby to a wide variety of local amenities +
  • Lounge, kitchen, three bedrooms and bathroom +
  • Gardens to the front and rear +
  • uPVC double glazing - No gas to property +
  • Energy performance rating E and Council tax band A +

NO FORWARD CHAIN - IN NEED OF A SCHEME OF MODERNISATION - Crofts estate agents are delighted to offer for sale this mid terrace property which is located within the town of Grimsby. Ideal for a first time buyer or investor this property comes to the market with viewing highly recommended. Located within close proximity to many local amenities and schools. Internal viewing will reveal the lounge, kitchen, three bedrooms and the bathroom. With gardens to the front and rear and uPVC double glazing.

Agent Details

Crofts Estate Agents, Cleethorpes

01472 404562

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

3 Bed House, Refurb/BRRR, Grimsby, DN34 4AS

£97,000

9 months ago • 93 m²

Sold STC

3 Bed House, Refurb/BRRR, Grimsby, DN34 4DX

£99,950

10 views • 3 months ago • 93 m²

3 Bed House, Refurb/BRRR, Grimsby, DN34 4AL

£90,000

10 views • 2 months ago • 93 m²

dealsourcr
Deals
Deal SearchSaved SearchesSaved DealsAddress Lookup
Tools
Deal AnalyserRightmove LookupRefurb CalculatorNew Build CalculatorStamp Duty Calculator
Refer a friend. Get £140!My Account