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Convamore Road, Grimsby, South Humberside

Yorkshire

£50,000
Listed on 15/08/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
939 sqft

Description

This three-bedroom terraced house, available with no onward chain, presents a noteworthy investment opportunity for those looking to enhance its value through renovation. Located on a residential street with convenient access to local amenities and public transport, the property is primed for development. The house features two reception rooms, a galley kitchen, three bedrooms, and a first-floor bathroom arranged over two levels. While in need of significant refurbishment, it boasts a solid structure with classic features like a bay window and generous room sizes that lend themselves well to modern redesign. The kitchen and bathroom are functional yet ripe for upgrades that could substantially boost the property's market appeal. The rear garden offers additional space for landscaping or outdoor improvements. Terraced homes in this area have shown promising returns after renovations, making this property an enticing chance for investors seeking both capital growth and rental potential in a high-demand market.

Investment Analysis

(DN32 area)

Below Market Value

This property is priced -45.4% below area average per sq ft

-45.4%
Potential saving
This Property
£53/sq ft
Area Average
£98/sq ft
Avg Rent (weekly)
£143
Avg Yield
6.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£100,708
10% above area average per sq ft
Potential ROI
+0.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (DN32)

Area prices are falling by -2.6% over the last 12 months
3 year growth: -7.1%
5 year growth: +3.1%
Investment Disclaimer: Analysis based on DN32 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

Convamore Road, Grimsby, South Humberside
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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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