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Elsenham Road, Grimsby

Yorkshire

£50,000
Listed on 13/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1063 sqft

Description

This traditional three-bedroom family residence is situated in a sought-after area of Grimsby, presenting an excellent opportunity for first-time buyers or investors eager to add value. While the property requires some moderate refurbishment, its spacious layout features a large lounge and dining area, leading to a kitchen with sufficient space for appliances and a functional downstairs bathroom. The first floor comprises three generously sized double bedrooms, ideal for family living or rental purposes. Externally, the property includes an enclosed rear garden primarily laid to lawn, perfect for outdoor relaxation or gatherings during warmer months. With gas central heating and double glazing installed throughout, this home offers a solid foundation for anyone looking to enhance its appeal through targeted improvements.

Investment Analysis

(DN31 area)

Below Market Value

This property is priced -48.2% below area average per sq ft

-48.2%
Potential saving
This Property
£47/sq ft
Area Average
£91/sq ft
Avg Rent (weekly)
£139
Avg Yield
9.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £20,000
Target Value
£106,231
10% above area average per sq ft
Potential ROI
+51.8%
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
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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
£180
Based on a loan of £37,500 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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