3 Bed Terraced House, Single Let, Grimsby, DN32 9HZ, £82,500

345 Convamore Road, Grimsby, North East Lincolnshire, DN32 9HZ - 3 views - 2 years ago

BTL
ROI: 8%
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£55K - £265K
Sold Prices/m²£524/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£887/m²

Value Estimate

£79,594

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,625

Stamp Duty & Legal Fees

£3,675

Total Cash In

£24,300

 

 

Cash Out

 

Rent Range

£515 - £1,970

Rent Estimate

£540

Running Costs/mo

£386

Cashflow/mo

£154

Cashflow/yr

£1,850

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £55K to £265K, average is £82K. £524/m² to £2.9K/m², average is £856/m².

PriceDateDistanceAddressBeds 
£67.5K07/230.01 mi319, Convamore Road, Grimsby, North East Lincolnshire DN32 9HZ3
£73K09/210.08 mi317, Convamore Road, Grimsby, North East Lincolnshire DN32 9HY3
£80K04/230.1 mi222, Welholme Road, Grimsby, North East Lincolnshire DN32 9JB3
£110K06/230.14 mi90, Granville Street, Grimsby, North East Lincolnshire DN32 9NU3
£86K02/210.14 mi136, Granville Street, Grimsby, North East Lincolnshire DN32 9NU3
£100K10/210.14 mi114, Granville Street, Grimsby, North East Lincolnshire DN32 9NU3
£82.8K02/230.16 mi131, Patrick Street, Grimsby, North East Lincolnshire DN32 9PQ3
£95.5K05/230.16 mi255, Convamore Road, Grimsby, North East Lincolnshire DN32 9HU3
£65K07/230.16 mi246, Convamore Road, Grimsby, North East Lincolnshire DN32 9HX3
£57K01/230.16 mi39, Donnington Street, Grimsby, North East Lincolnshire DN32 9EN3
£82K07/230.16 mi20, Fairmont Road, Grimsby, North East Lincolnshire DN32 8DZ3
£75K03/210.18 mi97, Patrick Street, Grimsby, North East Lincolnshire DN32 9PQ3
£75K11/210.18 mi21, Cooper Road, Grimsby, North East Lincolnshire DN32 8DF3
£88K08/230.18 mi29, Cooper Road, Grimsby, North East Lincolnshire DN32 8DF3
£90K02/230.18 mi34, Cooper Road, Grimsby, North East Lincolnshire DN32 8DF3
£82K02/230.2 mi70, Durban Road, Grimsby, North East Lincolnshire DN32 8BD3
£65K07/230.2 mi92, Sixhills Street, Grimsby, North East Lincolnshire DN32 9HT3
£61K11/200.21 mi4, Hare Street, Grimsby, North East Lincolnshire DN32 9LA3
£87K08/230.21 mi60, Hare Street, Grimsby, North East Lincolnshire DN32 9LA3
£61.5K11/200.21 mi168, Welholme Road, Grimsby, North East Lincolnshire DN32 9LP3
£65K03/230.21 mi67, Sixhills Street, Grimsby, North East Lincolnshire DN32 9HS3
£77.5K12/200.21 mi448, Weelsby Street, Grimsby, North East Lincolnshire DN32 8DJ3
£73K02/230.22 mi65, Sixhills Street, Grimsby, North East Lincolnshire DN32 9HS3
£115K01/230.22 mi506, Weelsby Street, Grimsby, North East Lincolnshire DN32 8DN3
£58K12/200.22 mi81, David Street, Grimsby, North East Lincolnshire DN32 9NN3
£58K12/200.23 mi81, David Street, Grimsby, North East Lincolnshire DN32 9NN3
£81K01/230.23 mi480, Weelsby Street, Grimsby, North East Lincolnshire DN32 8DL3
£72K06/230.24 mi5, Ladysmith Road, Grimsby, North East Lincolnshire DN32 9EF3
£115K04/210.24 mi67, Robert Pearson Mews, Grimsby, North East Lincolnshire DN32 9SJ3
£117K11/200.24 mi55, Robert Pearson Mews, Grimsby, North East Lincolnshire DN32 9SJ3
£137.5K01/230.25 mi299, Heneage Road, Grimsby, North East Lincolnshire DN32 9NW3
£86K02/230.25 mi302, Heneage Road, Grimsby, North East Lincolnshire DN32 9NW3
£83K05/230.25 mi61, Columbia Road, Grimsby, North East Lincolnshire DN32 8EB3
£110K07/230.25 mi76, Columbia Road, Grimsby, North East Lincolnshire DN32 8EB3
£100K03/230.26 mi59, Fairmont Road, Grimsby, North East Lincolnshire DN32 8DY3
£70K08/210.27 mi1, Thomas Street, Grimsby, North East Lincolnshire DN32 9HP3
£265K09/230.27 mi47, Torrington Street, Grimsby, North East Lincolnshire DN32 9QJ3
£83K11/210.27 mi63, Torrington Street, Grimsby, North East Lincolnshire DN32 9QJ3
£75K06/210.27 mi59, Durban Road, Grimsby, North East Lincolnshire DN32 8BA3
£61K04/210.28 mi49, Patrick Street, Grimsby, North East Lincolnshire DN32 9NT3
£83K09/210.29 mi326, Heneage Road, Grimsby, North East Lincolnshire DN32 9NJ3
£85.5K01/210.29 mi113, Humberstone Road, Grimsby, North East Lincolnshire DN32 8DR3
£88K03/230.29 mi112, Humberstone Road, Grimsby, North East Lincolnshire DN32 8DR3
£112K05/230.29 mi1a, Buller Street, Grimsby, North East Lincolnshire DN32 8BL3
£78K02/210.3 mi383, Weelsby Street, Grimsby, North East Lincolnshire DN32 8BJ3
£65K02/210.31 mi201, Willingham Street, Grimsby, North East Lincolnshire DN32 9PX3
£94K01/230.31 mi92, Heneage Road, Grimsby, North East Lincolnshire DN32 9JJ3
£55K06/210.32 mi55, Heneage Road, Grimsby, North East Lincolnshire DN32 9JJ3
£80K03/230.32 mi67, Heneage Road, Grimsby, North East Lincolnshire DN32 9JJ3
£104K11/210.32 mi25, David Street, Grimsby, North East Lincolnshire DN32 9NL3

Local Rents

51 rents from £515/mo to £2K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£60012/230.01 mi-3
£59511/240.04 mi-3
£60004/250.09 mi-3
£1,97004/250.09 mi-3
£1,97003/250.09 mi-3
£65011/240.11 mi-3
£55003/240.16 miDonnington Street, Grimsby, Grimsby3
£57504/240.17 miConvamore Road, Grimsby, North East Lincolnshire, DN323
£53503/240.17 miConvamore Road, Grimsby!3
£65010/240.17 mi-3
£63005/240.18 mi-3
£63005/240.18 mi-3
£62504/240.18 mi-3
£53001/240.18 mi-3
£51503/240.19 miPatrick Street, Grimsby, North East Lincolnshire, DN323
£51503/240.19 miPatrick Street, Grimsby, North East Lincolnshire, DN323
£55003/240.2 miHeneage Road,Grimsby3
£67504/250.2 mi-3
£65004/240.2 miDurban Road, Grimsby, DN323
£60004/240.2 miDurban Road, Grimsby3
£69503/250.21 mi-3
£62501/240.21 mi-3
£67512/240.21 mi-3
£65004/240.22 miGranville Street, Grimsby, Lincolnshire, DN323
£55003/240.22 miDavid Street, Grimsby3
£75012/230.23 mi-3
£75005/240.23 mi-3
£75003/250.23 mi-3
£62512/240.23 mi-3
£69504/250.24 mi-3
£75003/240.24 miRobert Pearson Mews,Grimsby3
£62505/240.24 mi-3
£69502/250.26 mi-3
£55007/230.26 mi-3
£67504/250.27 mi-3
£67503/250.27 mi-3
£65003/240.27 miWeelsby Street, Grimsby3
£62504/240.27 miDurban Road, Grimsby3
£70007/240.28 mi-3
£72503/240.28 miDurban Road, Grimsby, DN323
£72504/240.28 miDurban Road, Grimsby, DN323
£60004/240.28 miPatrick Street, Grimsby3
£57503/240.28 miDurban Road, Grimsby, DN323
£65004/240.28 miPatrick Street, Grimsby, South Humberside, DN323
£65004/240.28 mi-3
£57503/240.29 miBuller Street, Grimsby, DN323
£52503/240.29 miEdward Street, Grimsby Move in deal £760!!3
£62505/240.31 mi-3
£59503/240.32 miDavid Street, Grimsby3
£55003/240.32 miWillingham Road3
£55003/240.32 miWillingham Street, Grimsby3

Local Area Statistics

Population in DN32

29,050

Population in Grimsby

124,581

Town centre distance

1.02 miles away

Nearest school

0.10 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £82,500

October 7, 2023

Sold for £39,999

2016

Floor Plans

Description

  • Investment property +
  • Long term tenant +
  • Currently achieving £125 per week (£540pcm) +
  • Two bathrooms +
  • Large mid terraced house +
  • Handy loft room +
  • EPC - D +
  • Council Tax Band - A +

Roost Estate Agents are delighted to present to the market this three bedroom bay fronted terraced house which has the added benefit of having two bathrooms including an en-suite, plus a handy loft room which has multiple uses. The property is being sold as an on going investment, with a long term tenant currently paying £125 per week (£540pcm)The ground floor of the house comprises of an entrance hallway, a bay fronted lounge, central sitting room/dining room and then a long spacious kitchen with units on both sides of the room. The main family bathroom is found at the rear of the kitchen and features a four piece suite, which includes a wash basin, toilet, walk in shower unit and then a separate bath. The first floor has three bedrooms, all three offering generous sized rooms and then the third bedroom also has the added benefit of an en-suite shower room. Off the landing there is a separate staircase which leads up to a loft room, which can be used for a multiple of uses. Viewings can be arranged immediately by contacting our Cleethorpes office.

Agent Details

Roost Estate Agents, Cleethorpes

01472 404604

Next Steps?

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