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The Ridgeway, Grimsby, Lincolnshire, DN34 - Image 1
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The Ridgeway, Grimsby, Lincolnshire, DN34 - Image 3
The Ridgeway, Grimsby, Lincolnshire, DN34 - Image 4
The Ridgeway, Grimsby, Lincolnshire, DN34 - Image 5

The Ridgeway, Grimsby, Lincolnshire, DN34

Yorkshire

£120,000
Listed on 21/08/2025

Property Details

Bedrooms
3
Type
Detached house
Area
742 sqft

Description

This semi-detached dormer bungalow offers a solid foundation for those looking to invest or renovate in a desirable area. Located in the established Ridgeway neighborhood of Grimsby, the property is conveniently situated near local amenities, schools, and healthcare services, making it an appealing option for families or those seeking community access. The bungalow features three bedrooms and requires a modernisation scheme, presenting the ideal opportunity for buyers to tailor the space to their preferences. The interior includes an inviting entrance hall that leads to a spacious lounge with a bay window, allowing plenty of natural light. The kitchen provides access to a practical lean-to/sunroom, enhancing the home's functionality. On the ground floor, you will find two well-sized bedrooms along with a shower room featuring a walk-in cubicle, basin, and W.C. A staircase from the kitchen takes you to the first-floor bedroom which could also be utilized as an office or hobby space, complete with built-in storage solutions. Outside, the property boasts gardens at both the front and back, with the rear garden designed for low maintenance—a valuable feature for busy homeowners. Additionally, off-road parking is available via a driveway, complemented by outbuildings that offer extra storage options. With its renovation potential and prime location, this bungalow represents an exciting prospect for those looking to create a personalized living space or capitalize on investment opportunities in this sought-after area. Viewing is encouraged to fully appreciate all that this property has to offer.

Investment Analysis

(DN34 area)

Below Market Value

This property is priced -2.1% below area average per sq ft

-2.1%
Potential saving
This Property
£162/sq ft
Area Average
£165/sq ft
Avg Rent (weekly)
£164
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£134,795
10% above area average per sq ft
Potential ROI
-15.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DN34)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -3.7%
5 year growth: 18.7%
Investment Disclaimer: Analysis based on DN34 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

The Ridgeway, Grimsby, Lincolnshire, DN34
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£440
Based on a loan of £90,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE