3 Bed Terraced House, Single Let, Grimsby, DN32 7JN, £48,000

196 Wellington Street, Grimsby, South Humberside, DN32, DN32 7JN - 2 views - a month ago

Auction
BTL
ROI: 19%
95 m²
+17 photos

ValuationUndervalued

Sold Prices£40K - £140K
Sold Prices/m²£369/m² - £1.4K/m²

 

 

Square Metres

95 m²
Price/m²£505/m²

Value Estimate

£59,520
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£15,600

 

 

Cash Out

 

Rent Range

£475 - £2,000

Rent Estimate

£527

Running Costs/mo

£275

Cashflow/mo

£252

Cashflow/yr

£3,019

ROI

19%

Gross Yield

13%

Local Sold Prices

50 sold prices from £40K to £140K, average is £65K. £369/m² to £1.4K/m², average is £695/m².

PriceDateDistanceAddressBeds 
£65K03/230.02 mi211, Wellington Street, Grimsby, North East Lincolnshire DN32 7JN3
£55K04/210.09 mi5, Buttermere Way, Grimsby, North East Lincolnshire DN32 7EH3
£70K12/200.09 mi8, Buttermere Way, Grimsby, North East Lincolnshire DN32 7EH3
£68K12/200.1 mi308, Weelsby Street, Grimsby, North East Lincolnshire DN32 8AE3
£110K10/210.12 mi49a, Castle Street, Grimsby, North East Lincolnshire DN32 7LW3
£49K01/230.12 mi41, Castle Street, Grimsby, North East Lincolnshire DN32 7LW3
£42.2K06/210.14 mi9, Harold Street, Grimsby, North East Lincolnshire DN32 7LR3
£45K11/200.15 mi254, Stanley Street, Grimsby, North East Lincolnshire DN32 8BS3
£72K03/230.15 mi242, Stanley Street, Grimsby, North East Lincolnshire DN32 8BS3
£75K07/230.16 mi349, Weelsby Street, Grimsby, North East Lincolnshire DN32 8BN3
£87K06/230.17 mi14, Bodiam Way, Grimsby, North East Lincolnshire DN32 7ED3
£45K01/210.18 mi194, Stanley Street, Grimsby, North East Lincolnshire DN32 7LH3
£60K04/210.18 mi59, Buller Street, Grimsby, North East Lincolnshire DN32 8BW3
£95K02/230.18 mi23, Seascale Walk, Grimsby, North East Lincolnshire DN32 7EL3
£82.5K01/230.18 mi87, Roberts Street, Grimsby, North East Lincolnshire DN32 8BT3
£57K09/230.19 mi152, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£70.5K11/210.19 mi157, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£40K03/210.19 mi150, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£58K10/200.19 mi157, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£59K01/210.19 mi293, Wellington Street, Grimsby, North East Lincolnshire DN32 7JU3
£56K05/210.19 mi15, Tunnard Street, Grimsby, North East Lincolnshire DN32 7LS3
£75K04/230.19 mi6, Tunnard Street, Grimsby, North East Lincolnshire DN32 7LS3
£50K12/200.19 mi3, Tunnard Street, Grimsby, North East Lincolnshire DN32 7LS3
£50K11/210.2 mi71, Castle Street, Grimsby, North East Lincolnshire DN32 7LG3
£66K02/230.21 mi150, Stanley Street, Grimsby, North East Lincolnshire DN32 7LJ3
£112K05/230.21 mi1a, Buller Street, Grimsby, North East Lincolnshire DN32 8BL3
£44K03/210.21 mi52, Harold Street, Grimsby, North East Lincolnshire DN32 7NB3
£78K02/210.22 mi383, Weelsby Street, Grimsby, North East Lincolnshire DN32 8BJ3
£48K12/220.22 mi43, Harold Street, Grimsby, North East Lincolnshire DN32 7NB3
£115K08/210.23 mi30, Humberstone Road, Grimsby, North East Lincolnshire DN32 8BP3
£56K02/230.24 mi59, Tunnard Street, Grimsby, North East Lincolnshire DN32 7NA3
£72K06/230.26 mi5, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9EF3
£43K11/200.26 mi83, Stanley Street, Grimsby, North East Lincolnshire DN32 7LN3
£70K08/210.29 mi1, Thomas Street, Grimsby, North East Lincolnshire DN32 9HP3
£65K03/230.29 mi67, Sixhills Street, Grimsby, North East Lincolnshire DN32 9HS3
£73K02/230.3 mi65, Sixhills Street, Grimsby, North East Lincolnshire DN32 9HS3
£65K01/210.3 mi5, Marlborough Close, Grimsby, North East Lincolnshire DN32 7JD3
£60K02/210.31 mi412, Wellington Street, Grimsby, North East Lincolnshire DN32 7JS3
£72K06/210.31 mi380, Wellington Street, Grimsby, North East Lincolnshire DN32 7JS3
£61K12/200.31 mi392, Wellington Street, Grimsby, North East Lincolnshire DN32 7JS3
£65K07/230.31 mi92, Sixhills Street, Grimsby, North East Lincolnshire DN32 9HT3
£50K12/200.31 mi108, Oxford Street, Grimsby, Humberside DN32 7PB3
£75K06/210.31 mi59, Durban Road, Grimsby, North East Lincolnshire DN32 8BA3
£65K02/230.31 mi15, Duke Street, Grimsby, North East Lincolnshire DN32 7RU3
£140K01/230.32 mi144, Durban Road, Grimsby, North East Lincolnshire DN32 8AY3
£82K04/230.32 mi409, Wellington Street, Grimsby, North East Lincolnshire DN32 7JT3
£49K12/200.32 mi64, Weelsby Street, Grimsby, North East Lincolnshire DN32 7RY3
£125K04/210.33 mi142, Durban Road, Grimsby, Humberside DN32 8AY3
£82K02/230.33 mi70, Durban Road, Grimsby, North East Lincolnshire DN32 8BD3
£70K07/210.33 mi156, Castle Street, Grimsby, North East Lincolnshire DN32 7LA3

Local Rents

50 rents from £475/mo to £2K/mo, average is £633/mo.

RentDateDistanceAddressBeds 
£58004/240.06 miWeelsby Street, Grimsby3
£60002/250.09 mi-3
£55004/240.1 miWeelsby Street, Grimsby, DN323
£59503/240.1 miWeelsby Street, Grimsby3
£58503/240.1 miWeelsby Street, Grimsby3
£57501/240.1 mi-3
£65003/250.1 mi-3
£62011/230.11 mi-3
£62002/250.11 mi-3
£47503/240.15 miHarold Street, Grimsby3
£72512/240.16 mi-3
£57501/250.2 mi-3
£52504/240.21 mi33 Harold Street, Grimsby3
£57503/240.21 miBuller Street, Grimsby, DN323
£70004/250.22 mi-3
£57501/240.22 mi-3
£54003/250.22 mi-3
£67503/250.23 mi-3
£80003/250.24 mi-3
£75004/250.25 mi-3
£75012/230.27 mi-3
£75005/240.27 mi-3
£75003/250.27 mi-3
£65003/240.27 miWeelsby Street, Grimsby3
£75004/250.28 mi-3
£75002/240.29 mi-3
£65002/250.29 mi-3
£75003/240.29 miHainton Avenue, Grimsby3
£80002/250.3 mi-3
£75004/250.3 mi-3
£59503/250.3 mi-3
£52503/240.3 miEdward Street, Grimsby Move in deal £760!!3
£69503/250.31 mi-3
£53503/240.31 miWellington Street, Grimsby3
£57503/240.31 miDurban Road, Grimsby, DN323
£72503/240.31 miDurban Road, Grimsby, DN323
£72504/240.31 miDurban Road, Grimsby, DN323
£62504/240.31 miDurban Road, Grimsby3
£60004/240.32 miDurban Road, Grimsby3
£65004/240.33 miDurban Road, Grimsby, DN323
£55003/240.34 miDonnington Street, Grimsby, Grimsby3
£53001/240.34 mi-3
£70003/240.35 miCooper Road, Grimsby3
£57504/240.35 miConvamore Road, Grimsby, North East Lincolnshire, DN323
£2,00001/250.35 mi-3
£64003/240.35 miCooper Road, Grimsby3
£85001/250.36 mi-3
£80004/250.36 mi-3
£53503/240.36 miConvamore Road, Grimsby!3
£57504/240.36 mi-3

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

1.29 miles away

Nearest school

0.10 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £48,000

March 27, 2025

Description

Key Features
  • Lot for sale by auction on 15/04/2025
  • To view the property or see a virtual tour please refer to the full sales particulars on the auctioneers website
  • Two Reception Rooms, Three Bedrooms, Kitchen, Bathroom and Shower Room
  • GIA (Source: EPC) approximately 95 sq m (1,023 sq ft)
  • Includes a Double Garage and a Yard/additional off street Parking to the rear
  • Grimsby town centre and its rail station are approximately 1mile away to the south-west
  • Cleethorpes Beach and Weelsby Woods Country Park are both close by
  • EPC Rating - E. Council Tax Band - A
Key Locations
  • The property is situated on the south side of Wellington Street, to the east of its junction with Convamore Road
  • The shops and amenities of Grimsby town centre are close by to the west
  • Grimsby Town rail station provides services to Liverpool, Nottingham, Sheffield, Manchester Airport and Leicester amongst other destinations
  • The A180 which is accessible to the north provides access onto the M180 motorway
  • Cleethorpes Beach and Weelsby Woods Country Park are both close by

Agent Details

Allsop, Auction

020 3879 5993

Next Steps?

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