3 Bed Terraced House, Refurb/BRRR, Cleethorpes, DN35 7NQ, £50,000

Sidney Street, Cleethorpes, DN35 7NQ - 3 views - 8 days ago

Refurb/BRRR
ROI: 7%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£40K - £145K
Sold Prices/m²£515/m² - £1.8K/m²

 

 

Square Metres

~93 m²
Price/m²£538/m²

Value Estimate

£51,000

 

 

End Value (After Refurb)

£81,097

Uplift in Value

+62%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Refurb Costs

£37,567

Bridging Loan Interest

£1,313

Total Cash In

£56,829

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£81,097

Mortgage (After Refinance)

£60,823

Mortgage LTV

75%

Cash Released

£23,323

Cash Left In

£33,506

Equity

£20,274

Rent Range

£495 - £2,384

Rent Estimate

£731

Running Costs/mo

£420

Cashflow/mo

£311

Cashflow/yr

£3,736

ROI

7%

Gross Yield

18%

Local Sold Prices

50 sold prices from £40K to £145K, average is £80K. £515/m² to £1.8K/m², average is £807/m².

PriceDateDistanceAddressBeds 
£63K05/230 mi55, Sidney Street, Cleethorpes, North East Lincolnshire DN35 7NQ3
£40K12/200.01 mi50, Sidney Street, Cleethorpes, North East Lincolnshire DN35 7NQ3
£70K01/230.04 mi49, Sussex Street, Cleethorpes, North East Lincolnshire DN35 7NW3
£92.5K08/230.04 mi60, Grimsby Road, Cleethorpes, North East Lincolnshire DN35 7AB3
£52K05/210.05 mi18, Sussex Street, Cleethorpes, North East Lincolnshire DN35 7NP3
£120K01/230.08 mi41, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RP3
£105K06/230.08 mi57, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RP3
£110K12/210.08 mi75, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RP3
£80K11/200.08 mi85, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NN3
£80K06/230.08 mi85, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NN3
£77K05/210.09 mi23, Montague Street, Cleethorpes, North East Lincolnshire DN35 7AP3
£80K10/210.11 mi134, Barcroft Street, Cleethorpes, North East Lincolnshire DN35 7DT3
£67K10/210.11 mi130, Barcroft Street, Cleethorpes, North East Lincolnshire DN35 7DT3
£92K09/230.11 mi136, Barcroft Street, Cleethorpes, North East Lincolnshire DN35 7DT3
£72.5K09/230.13 mi55, Clerke Street, Cleethorpes, North East Lincolnshire DN35 7NE3
£77K03/210.13 mi56, Phelps Street, Cleethorpes, North East Lincolnshire DN35 7AS3
£51K02/210.13 mi18, Phelps Street, Cleethorpes, North East Lincolnshire DN35 7AS3
£60K01/230.13 mi45, Mansel Street, Grimsby, North East Lincolnshire DN32 7QX3
£85K05/230.14 mi97, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RN3
£45K08/210.14 mi64, Mansel Street, Grimsby, North East Lincolnshire DN32 7QX3
£92.5K12/210.14 mi54, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7BA3
£84.5K12/200.14 mi12, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7BA3
£85K11/200.14 mi42, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7BA3
£80K12/220.17 mi16, Harrington Street, Cleethorpes, North East Lincolnshire DN35 7AY3
£85K08/210.17 mi87, Lovett Street, Cleethorpes, North East Lincolnshire DN35 7EB3
£96K12/210.17 mi149, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NT3
£100K09/230.17 mi113, Brereton Avenue, Cleethorpes, North East Lincolnshire DN35 7RL3
£75K04/210.18 mi11, Johnson Street, Cleethorpes, North East Lincolnshire DN35 7NA3
£75K04/210.18 mi11, Johnson Street, Cleethorpes, North East Lincolnshire DN35 7NA3
£88K01/210.18 mi144, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NU3
£100K12/220.18 mi160, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7NU3
£78K11/220.19 mi175, Hildyard Street, Grimsby, North East Lincolnshire DN32 7LX3
£80K08/230.19 mi128, Park Street, Grimsby, North East Lincolnshire DN32 7NT3
£46.5K08/210.19 mi51, Rutland Street, Grimsby, North East Lincolnshire DN32 7RS3
£81K02/210.2 mi72, Lovett Street, Cleethorpes, North East Lincolnshire DN35 7BH3
£80K02/230.2 mi86, Tiverton Street, Cleethorpes, North East Lincolnshire DN35 7EE3
£80K05/230.24 mi54, Tiverton Street, Cleethorpes, North East Lincolnshire DN35 7PR3
£88K12/200.26 mi4, Jenner Court, Cleethorpes, North East Lincolnshire DN35 7PH3
£45K11/210.26 mi129, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ3
£50K04/210.26 mi94, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ3
£40K11/200.26 mi135, Harold Street, Grimsby, North East Lincolnshire DN32 7NQ3
£65K11/200.26 mi107, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7RH3
£108K12/220.26 mi101, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7RH3
£50K12/200.27 mi108, Oxford Street, Grimsby, Humberside DN32 7PB3
£88K07/210.28 mi78, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7PT3
£81K01/230.29 mi218, Daubney Street, Cleethorpes, North East Lincolnshire DN35 7PE3
£145K05/230.3 mi5, Colson Place, Cleethorpes, North East Lincolnshire DN35 7SR3
£112K02/210.3 mi2, Colson Place, Cleethorpes, Humberside DN35 7SR3
£73K12/200.3 mi67, Blundell Avenue, Cleethorpes, North East Lincolnshire DN35 7PU3
£90K07/210.3 mi59, Blundell Avenue, Cleethorpes, Humberside DN35 7PU3

Local Rents

50 rents from £495/mo to £2.4K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£49503/240.01 miSidney Street, Cleethorpes, DN35 7NQ3
£60003/250.02 mi-3
£59503/240.09 miMontague Street, Grimsby3
£53004/240.1 miMontague Street, Cleethorpes3
£52503/240.11 miMontague Street, Cleethorpes, Lincolnshire, DN353
£55001/240.11 mi-3
£74003/250.13 mi-3
£51503/240.13 miBarcroft Street, Cleethorpes3
£54003/240.13 miClerke Street, Cleethorpes3
£59503/240.13 miBarcroft Street, Cleethorpes, Lincolnshire, DN353
£60003/250.13 mi-3
£57503/240.14 miPhelps Street3
£63001/250.15 mi-3
£78004/250.15 mi-3
£62502/250.15 mi-3
£62503/240.15 mi-3
£57503/240.15 miTaylor Street, Cleethorpes3
£69503/240.15 miDaubney Street3
£57505/240.16 miBarcroft Street, Cleethorpes3
£62502/240.17 mi-3
£69503/250.17 mi-3
£56503/240.17 miDaubney Street, Cleethorpes3
£62503/240.18 mi168 Barcroft Street, Cleethorpes3
£62503/240.18 mi168 Barcroft Street, Cleethorpes3
£1,50004/240.19 mi-3
£72503/250.2 mi-3
£75002/250.2 mi-3
£60002/250.21 mi-3
£60003/240.22 miDaubney St, Cleethorpes, DN353
£60003/240.22 mi-3
£65002/240.23 mi-3
£59503/250.25 mi-3
£60012/240.26 mi-3
£85001/250.26 mi-3
£80003/250.26 mi-3
£2,38403/240.28 miBlundell Avenue, Cleethorpes, Lincolnshire, DN353
£67504/240.28 miDaubney Street, Cleethorpes3
£1,80002/240.28 mi-3
£1,80004/240.28 mi-3
£57504/240.29 miHart Street, Cleethorpes3
£55504/240.29 miHart St, Cleethorpes!3
£57503/240.29 miStanley St, Grimsby, DN323
£65002/250.3 mi-3
£80002/250.31 mi-3
£62504/240.31 mi-3
£59504/240.31 miHart Street, Cleethorpes3
£75003/250.31 mi-3
£80002/250.31 mi-3
£75004/250.32 mi-3
£85004/240.32 miQueen Mary Avenue, Cleethorpes, DN353

Local Area Statistics

Population in DN35

34,530

Town centre distance

1.49 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+51%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £50,000

March 27, 2025

Floor Plans

Description

  • Terrace House +
  • Oozing Potentional +
  • Great Investment Opportunity +
  • NO CHAIN +
  • Two Reception Rooms +
  • Kitchen +
  • Bathroom +
  • Three Good Size Bedrooms +
  • Rear Garden +

We are pleased to welcome to market this three bedroomed terrace property in need of modernisation but just oozes further potential.  The accommodation briefly comprises of: - Entrance hall, lounge, dining room, kitchen, rear lobby and bathroom. Then to the first floor there are three good-size bedrooms. There is a garden to the rear.  Available with no forward chain.  Tenure: Freehold, Mobile signal information: Indoor - Limited
Outdoor - Likely
EE
Three
O2
Vodafone

Agent Details

Lovelle, Humberston

01472 404552

Next Steps?

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