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Elsenham Road, Grimsby, Lincolnshire, DN31 - Image 1
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Elsenham Road, Grimsby, Lincolnshire, DN31

Yorkshire

£47,000
Listed on 25/03/2026

Property Details

Bedrooms
2
Type
Terraced House
Area
904 sqft

Description

This two-bedroom mid-terrace house situated on Elsenham Road in Grimsby presents a promising opportunity for those looking to invest or embark on their first property venture. The location offers easy access to local motorway links and shopping facilities, enhancing its appeal for both homeowners and tenants alike. The layout includes an entrance hall leading into a spacious through living/dining room, complemented by a kitchen on the ground floor. Upstairs, you’ll find two generously sized bedrooms alongside a bathroom. The property is currently in need of modernisation, making it an ideal canvas for personalisation and value enhancement. With no onward chain, this residence provides flexibility and potential for those ready to transform it into a contemporary living space that reflects their style.

Investment Analysis

(DN31 area)

Below Market Value

This property is priced -42.8% below area average per sq ft

-42.8%
Potential saving
This Property
£52/sq ft
Area Average
£91/sq ft
Avg Rent (weekly)
£139
Avg Yield
9.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£90,341
10% above area average per sq ft
Potential ROI
+25.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (DN31)

Area prices are falling by -12.7% over the last 12 months
3 year growth: -14.5%
5 year growth: +11.7%
Investment Disclaimer: Analysis based on DN31 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

Elsenham Road, Grimsby, Lincolnshire, DN31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£170
Based on a loan of £35,250 over 30 years at 4.06% 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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