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Macaulay Street, Grimsby, Lincolnshire, DN31

Yorkshire

£66,000
Listed on 04/03/2025

Property Details

Bedrooms
2
Type
Terraced
Area
688 sqft

Description

This two-bedroom house presents an excellent opportunity for both first-time buyers and buy-to-let investors, especially given its potential for renovation. The ground floor features two distinct reception rooms, a kitchen, and a bathroom, with ample space for modern updates. Upstairs, you'll find two generously-sized double bedrooms ready for personal touches. Outside, the property boasts front and rear gardens; the rear garden is spacious and includes off-road parking via a garage accessible from Harrison Street. While the home requires modernisation throughout, it offers a solid foundation to create an attractive living space or rental property at an appealing price point. Viewing is strongly recommended to appreciate its full potential.

Investment Analysis

(DN31 area)

Above Market Value

This property is priced +8.5% above area average per sq ft

+8.5%
This Property
£96/sq ft
Area Average
£88/sq ft
Avg Rent (weekly)
£138
Avg Yield
8.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£66,939
10% above area average per sq ft
Potential ROI
-26.4%
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
19%
Properties sold annually

Local Market Trend (DN31)

Area prices are falling by -11.1% over the last 12 months
3 year growth: -12.1%
5 year growth: +13.0%
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

Macaulay Street, Grimsby, Lincolnshire, DN31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£234
Based on a loan of £49,500 over 30 years at 3.91% 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.

Price History

-5.7% since listed
£66,000£4,000(-5.7%)
21/02/2026
Current price
£70,000Initial listing
04/03/2025

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