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ST. ALBANS AVENUE, GRIMSBY

Yorkshire

£72,000
Listed on 02/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
699 sqft

Description

This three-bedroom end-of-terrace property is situated in a quiet cul-de-sac, offering a promising opportunity for renovation and investment. Currently equipped with gas central heating and partial uPVC double glazing, the home presents a canvas ready for updating and personal touches, making it an appealing prospect for both first-time buyers and investors seeking value in a growing market. Upon entry, the hallway leads to a cloakroom equipped with essential amenities. The inviting lounge features a large window that bathes the room in natural light, complemented by an electric fire. The kitchen, which is functional but could benefit from modernization, includes ample cabinetry and integrated appliances, making it suitable for culinary enthusiasts or those looking to enhance it further. The first floor accommodates three bedrooms of varying sizes, each with good natural light and storage options. The bathroom, while basic in its current form, offers the potential for reconfiguration into a more contemporary space. Outside, the property boasts established gardens at both the front and rear. The rear garden offers a private retreat with enough space for landscaping or outdoor improvements. A timber shed provides additional storage solutions. Located in an area known for its community feel and accessibility to local amenities, this property benefits from proximity to schools and transport links. With some thoughtfully planned updates, this residence could transform into a highly desirable home or a lucrative rental investment.

Investment Analysis

(DN31 area)

Above Market Value

This property is priced +14.3% above area average per sq ft

+14.3%
This Property
£103/sq ft
Area Average
£90/sq ft
Avg Rent (weekly)
£142
Avg Yield
9.4%

Renovation Potential

Est. Renovation Cost
£7,200 - £18,000
10-25% of property value
Target Value
£69,316
10% above area average per sq ft
Potential ROI
-23.0%
After renovation
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

ST. ALBANS AVENUE, GRIMSBY
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