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Macaulay Street, Grimsby, Lincolnshire, DN31 - Image 1
Macaulay Street, Grimsby, Lincolnshire, DN31 - Image 2
Macaulay Street, Grimsby, Lincolnshire, DN31 - Image 3
Macaulay Street, Grimsby, Lincolnshire, DN31 - Image 4
Macaulay Street, Grimsby, Lincolnshire, DN31 - Image 5

Macaulay Street, Grimsby, Lincolnshire, DN31

Yorkshire

£460,000
Listed on 05/09/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique investment opportunity in the heart of the town center, featuring approved plans for the construction of 23 residential units. The proposed development includes a thoughtful mix of terraced and semi-detached houses, which cater to a diverse range of potential buyers or renters. Strategically located, this site benefits from proximity to local amenities, transport links, and community services, making it an attractive option for future residents. The surrounding area is experiencing growth and revitalization, further enhancing its appeal as a site for residential development. The full planning details can be accessed through the North East Lincolnshire Planning portal under reference number DM/0205/22/FUL. This project holds significant potential for both small-scale developers looking to expand their portfolio and larger firms aiming for a ready-made opportunity in a desirable location. Interested parties are encouraged to reach out for further information on this promising investment.

Investment Analysis

(DN31 area)
Area Average
£90/sq ft
Avg Rent (weekly)
£142
Avg Yield
9.4%

Renovation Potential

Est. Renovation Cost
£46,000 - £115,000
10-25% of property value
Monthly Sales
12
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (DN31)

Area prices are falling by +3.8% over the last 12 months
3 year growth: -8.2%
5 year growth: 19.1%
Investment Disclaimer: Analysis based on DN31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Macaulay Street, Grimsby, Lincolnshire, DN31
Map showing location of Macaulay Street, Grimsby, Lincolnshire, DN31
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