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Albatross Drive, Grimsby

Yorkshire

£170,000
Listed on 12/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
656 sqft

Description

Tucked away in a peaceful cul-de-sac, this spacious two-bedroom detached bungalow presents a promising opportunity for renovation and investment. Located on the outskirts of Grimsby, the property benefits from convenient access to the A180 and Humber Bank, while also being close to local amenities in Wybers Wood. The interior of the bungalow offers ample potential for customization, comprising an entrance hall that leads into a generously sized living room featuring a bay window and fireplace with an inset gas fire. The kitchen is equipped with modern gloss units, a built-in oven, gas hob, and extractor fan, along with space for additional appliances, making it a functional base for culinary creativity. Adjacent to the kitchen is a large uPVC conservatory that adds extra living space and opens directly onto the rear garden. Both bedrooms are well-proportioned; the first bedroom has French doors leading to the garden, enhancing its appeal as a tranquil retreat. The second bedroom is positioned at the front of the property. The shower room includes modern fixtures like a vanity sink unit, WC, and a sizable walk-in shower. Outside, the property is set within private gardens at both the front and rear, providing an enclosed environment ideal for enjoying outdoor activities or gardening. Driveway parking is available in front of the bungalow alongside access to a single garage. This property holds significant renovation potential due to its layout and location, offering investors or homeowners an excellent canvas to create their desired living space. With no forward chain involved in the sale, it invites immediate exploration and investment consideration.

Investment Analysis

(DN37 area)

Above Market Value

This property is priced +25.3% above area average per sq ft

+25.3%
This Property
£259/sq ft
Area Average
£207/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£149,227
10% above area average per sq ft
Potential ROI
-27.2%
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
10%
Properties sold annually

Local Market Trend (DN37)

Area prices are falling by +7.1% over the last 12 months
3 year growth: 1.1%
5 year growth: 15.3%
Investment Disclaimer: Analysis based on DN37 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

Albatross Drive, Grimsby
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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
£623
Based on a loan of £127,500 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