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Macaulay Street, Grimsby, Lincolnshire, DN31

Yorkshire

£70,000
Listed on 05/03/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
688 sqft

Description

This two-bedroom home presents a solid opportunity for renovation and investment, ideal for first-time buyers or those looking to expand their rental portfolio. Offering a no-chain sale, the property is conveniently positioned for easy access to local amenities and transport links, adding to its desirability. Upon entering, you’ll find two distinct reception rooms on the ground floor. The living room features an open fire and retains some original charm, while the dining room includes an under-stairs storage cupboard. The kitchen provides functional space with wall and base units, ready for modernization. A bathroom completes the ground level with essential fixtures. The first floor houses two generously-sized double bedrooms. Each bedroom benefits from built-in storage solutions, maximizing usable space. Additional loft access offers potential for further enhancement or storage. Externally, the property boasts front and rear gardens that require minimal upkeep, surrounded by brick walling and timber fencing for added privacy. The rear garden is particularly spacious and offers off-road parking via a garage accessible from Harrison Street. While the home does require updating to unlock its full potential, its price reflects this opportunity. This property not only invites personal touches but also stands as a promising investment in a growing area. Viewing is strongly recommended to appreciate the possibilities it holds.

Investment Analysis

(DN31 area)

Above Market Value

This property is priced +12.9% above area average per sq ft

+12.9%
This Property
£102/sq ft
Area Average
£90/sq ft
Avg Rent (weekly)
£142
Avg Yield
9.4%

Renovation Potential

Est. Renovation Cost
£7,000 - £17,500
10-25% of property value
Target Value
£68,226
10% above area average per sq ft
Potential ROI
-22.0%
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

Macaulay Street, Grimsby, Lincolnshire, DN31
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