3 Bed Semi-Detached House, Refurb/BRRR, Grimsby, DN37 8NX, £195,000

Riby Church Hill,Riby,Grimsby,DN37 8NX - 1 views - 25 days ago

Refurb/BRRR
ROI: 1%
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£102.5K - £307K
Sold Prices/m²£1.3K/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.1K/m²

Value Estimate

£175,820

 

 

End Value (After Refurb)

£188,082

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£10,950

Refurb Costs

£37,686

Bridging Loan Interest

£5,119

Total Cash In

£104,254

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£188,082

Mortgage (After Refinance)

£141,062

Mortgage LTV

75%

Cash Left In

£104,254

Equity

£47,021

Rent Range

£575 - £1,600

Rent Estimate

£856

Running Costs/mo

£779

Cashflow/mo

£77

Cashflow/yr

£925

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £102.5K to £307K, average is £171.4K. £1.3K/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£221.5K03/231.54 mi15, Blyth Way, Laceby, Grimsby, North East Lincolnshire DN37 7FD3
£257K09/221.58 mi58a, Cooper Lane, Laceby, Grimsby, North East Lincolnshire DN37 7AS3
£162K11/201.62 mi4, Burley Close, Laceby, Grimsby, North East Lincolnshire DN37 7EN3
£125K12/201.62 mi19, St Francis Grove, Laceby, Grimsby, North East Lincolnshire DN37 7HG3
£147.5K12/201.62 mi27, St Francis Grove, Laceby, Grimsby, North East Lincolnshire DN37 7HG3
£174K06/211.64 mi61, Charles Avenue, Laceby, Grimsby, North East Lincolnshire DN37 7HB3
£210K11/221.69 mi41, Raithby Avenue, Keelby, Grimsby, Lincolnshire DN41 8SH3
£142.5K11/231.69 mi14, Charles Avenue, Laceby, Grimsby, North East Lincolnshire DN37 7HA3
£169.8K10/221.7 mi3, Hawerby Road, Laceby, Grimsby, North East Lincolnshire DN37 7AZ3
£102.5K03/231.7 mi75, Hawerby Road, Laceby, Grimsby, North East Lincolnshire DN37 7AZ3
£114.5K05/211.7 mi81, Hawerby Road, Laceby, Grimsby, North East Lincolnshire DN37 7AZ3
£145K05/231.7 mi51, Hawerby Road, Laceby, Grimsby, North East Lincolnshire DN37 7AZ3
£173K07/231.7 mi9, Keith Crescent, Laceby, Grimsby, North East Lincolnshire DN37 7HH3
£130K08/231.71 mi66, Hawerby Road, Laceby, Grimsby, North East Lincolnshire DN37 7BE3
£107.5K03/231.71 mi44, Hawerby Road, Laceby, Grimsby, North East Lincolnshire DN37 7BE3
£307K12/221.72 mi13, Cemetery Crescent, Laceby, Grimsby, North East Lincolnshire DN37 7ES3
£176K12/211.72 mi144, Caistor Road, Laceby, Grimsby, North East Lincolnshire DN37 7JG3
£161.5K09/211.72 mi140, Caistor Road, Laceby, Grimsby, North East Lincolnshire DN37 7JG3
£216K10/201.75 mi28, Harneis Crescent, Laceby, Grimsby, North East Lincolnshire DN37 7BA3
£196K11/211.76 mi51, Cemetery Road, Laceby, Grimsby, North East Lincolnshire DN37 7ER3
£129K12/201.81 mi8, Knights Close, Laceby, Grimsby, North East Lincolnshire DN37 7ET3
£161K03/231.82 mi36, Butt Lane, Laceby, Grimsby, North East Lincolnshire DN37 7AF3
£150K03/211.82 mi20, Butt Lane, Laceby, Grimsby, North East Lincolnshire DN37 7AF3
£175K02/231.82 mi32, Butt Lane, Laceby, Grimsby, North East Lincolnshire DN37 7AF3
£147K08/221.82 mi27a, Riby Road, Keelby, Grimsby, Lincolnshire DN41 8ER3
£118K06/231.86 mi18, Cemetery Road, Laceby, Grimsby, North East Lincolnshire DN37 7EP3
£230K11/201.86 mi25, Cemetery Road, Laceby, Grimsby, North East Lincolnshire DN37 7EP3
£265K03/231.87 mi9, Karen Avenue, Keelby, Grimsby, Lincolnshire DN41 8EU3
£165K08/231.87 mi8, Milson Road, Keelby, Grimsby, Lincolnshire DN41 8ES3
£220K11/221.87 mi37, Milson Road, Keelby, Grimsby, Lincolnshire DN41 8ES3
£130K05/211.87 mi32, Milson Road, Keelby, Grimsby, Lincolnshire DN41 8ES3
£182K07/231.87 mi32a, Kenmar Road, Laceby, Grimsby, North East Lincolnshire DN37 7HL3
£147K09/221.87 mi33, Seed Close Lane, Laceby, Grimsby, North East Lincolnshire DN37 7AE3
£169K07/211.87 mi37, Seed Close Lane, Laceby, Grimsby, North East Lincolnshire DN37 7AE3
£167.5K09/231.87 mi20, Seed Close Lane, Laceby, Grimsby, North East Lincolnshire DN37 7AE3
£208K01/231.87 mi1, Karen Avenue, Keelby, Grimsby, Lincolnshire DN41 8EU3
£195K11/201.87 mi59, Caistor Road, Laceby, Grimsby, North East Lincolnshire DN37 7JA3
£210K01/231.87 mi25, Milson Road, Keelby, Grimsby, Lincolnshire DN41 8ES3
£305K07/231.88 mi19 - 21, High Street, Laceby, Grimsby, North East Lincolnshire DN37 7AA3
£183.5K02/231.88 mi6, Karen Avenue, Keelby, Grimsby, Lincolnshire DN41 8EU3
£195K09/211.88 mi17, Longmeadows Drive, Laceby, Grimsby, North East Lincolnshire DN37 7AQ3
£271K07/211.88 mi9, Longmeadows Drive, Laceby, Grimsby, North East Lincolnshire DN37 7AQ3
£225K10/221.89 mi80, Caistor Road, Laceby, Grimsby, North East Lincolnshire DN37 7JB3
£282K01/231.91 mi7a, Church Lane, Keelby, Grimsby, Lincolnshire DN41 8ED3
£137K05/221.94 mi28, Old Chapel Lane, Laceby, Grimsby, North East Lincolnshire DN37 7BP3
£260K12/201.94 mi29, Church Lane, Laceby, Grimsby, North East Lincolnshire DN37 7BW3
£115K09/231.94 mi20, Church Lane, Laceby, Grimsby, North East Lincolnshire DN37 7BW3
£163K11/221.96 mi48, Maple Avenue, Keelby, Grimsby, Lincolnshire DN41 8EN3
£159.9K05/211.96 mi13, Grimsby Road, Laceby, Grimsby, North East Lincolnshire DN37 7DA3
£212K08/221.98 mi7, Tomline Close, Keelby, Grimsby, Lincolnshire DN41 8JF3

Local Rents

9 rents from £575/mo to £1.6K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£1,20004/241.72 miCaistor Road, Laceby, Grimsby, Lincolnshire, DN374
£72512/241.89 miOld Chapel Lane, Laceby, DN37 2
£57503/241.89 miCaistor Road, Laceby, DN37 7JB2
£65004/241.93 miCaistor Road, Laceby, Grimsby, Lincolnshire, DN372
£75010/242.05 mi-3
£71512/242.15 miGrimsby Road, Laceby, Grimsby DN37 7DW2
£69012/242.15 miGrimsby Road, Laceby, DN37 7DW2
£1,60012/242.25 miManor Farm Barns, Wells Road, Healing4
£79512/242.41 miQuantock Gardens, Healing, Grimsby, Lincolnshire, DN413

Local Area Statistics

Population in DN37

21,700

Population in Grimsby

124,581

Town centre distance

4.88 miles away

Nearest school

1.10 miles away

Nearest train station

2.75 miles away

 

 

Rental growth (12m)

-16%

Sales demand

Buyer's market

Capital growth (5yrs)

+17%

Property History

Listed for £195,000

March 24, 2025

Description

  • Brick Outhouse +
  • Generous Garden +
  • First Floor Bathroom +
  • Three Bedrooms +
  • Utility Room With WC +
  • Two Reception Rooms +
  • Spacious Semi-Detached +
  • Traditional Country Cottage +
  • No Chain +
  • Call and quote HW0184 to view or discuss. +

Call and quote HW0184 to view or discuss. A rare opportunity to purchase a spacious traditional country cottage in an idyllic village setting.  The property which is in need of renovation throughout comprises of :  Kitchen with window to the rear elevation.  Utility with window to the side elevation and W.C. Dining Room with window to the front elevation.  Lounge with windows to the front and rear elevation and external door to the front elevation.  Bedroom one-spacious double with window to the front elevation.  Bedroom two- generous double with window to the front elevation.  Bedroom three - single with window to the rear elevation.  Office / dressing room with window to the rear elevation.  Family bathroom with bath, WC, hand basin and window to the rear elevation.  Outside the property sits on a generous plot with a brick outhouse.  This is one of two adjoining cottages available and the vendor is open to discussions for the purchase of the pair.  Due to the condition, viewing is highly recommended to recognise the full potential of the property.  * Call and quote HW0184 to view or discuss.*

Agent Details

eXp UK, Yorkshire and The Humber

03304 609968

Next Steps?

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