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Alexandra Road, Grimsby

Yorkshire

£69,950
Listed on 04/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
918 sqft

Description

This three-bedroom mid-terraced home presents a compelling opportunity for both first-time buyers and investors looking to capitalize on its renovation potential. While the property requires modernization throughout, it offers a versatile layout that can be tailored to suit personal tastes and preferences. Situated in a central location within Grimsby, the residence benefits from close proximity to a range of amenities. The town center is just a short walk away, providing easy access to shops, restaurants, and public transport options, including the train station. Additionally, the property falls within the catchment area for several reputable local schools, enhancing its appeal for families. Inside, the home features an entrance porch that leads into a hallway with stairs leading to the upper floor. The bay-fronted living room flows into a spacious sitting/dining area, allowing for flexible living arrangements and natural light. The ground floor further includes a kitchen with an adjoining utility area and a convenient WC. On the first floor, you will find three generously sized bedrooms alongside a wet room. Externally, an enclosed rear garden provides private outdoor space ideal for relaxation or future landscaping projects. Notable features include gas central heating and double glazing throughout, offering additional comfort and efficiency. This property represents not only a chance to create a personalized living space but also carries significant investment potential in an ever-evolving neighborhood.

Investment Analysis

(DN31 area)

Below Market Value

This property is priced -15.3% below area average per sq ft

-15.3%
Potential saving
This Property
£76/sq ft
Area Average
£90/sq ft
Avg Rent (weekly)
£142
Avg Yield
9.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£90,832
10% above area average per sq ft
Potential ROI
-17.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DN31)

Area prices are falling by +6.1% over the last 12 months
3 year growth: -8.9%
5 year growth: 20.0%
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.

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Location

Alexandra Road, Grimsby
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