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Elm Road, Grimsby, DN37 - Image 1
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Elm Road, Grimsby, DN37

Yorkshire

£645,000
Listed on 29/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2476 sqft

Description

This substantial detached residence offers considerable renovation potential, ideally located near Grove Park. The property is a blank canvas in need of modernisation, making it an attractive prospect for families and developers looking to undertake a rewarding project. With five generously sized bedrooms and three bathrooms, including an en-suite in the master suite with dual aspect windows that flood the room with light, the layout presents ample space for family living. The remaining four double bedrooms also feature well-considered design elements like built-in wardrobes. The house includes a bright kitchen with wooden cabinetry that adds character and warmth, alongside three reception rooms designed to bring in maximum natural light, two of which overlook the garden. A key highlight is the large double garage and semi-circular driveway accommodating multiple vehicles. Set within approximately an acre plot, there is significant scope here, including potential for planning permission to create up to five additional dwellings. Local amenities such as parks and cycling routes are conveniently close by. This property represents an ideal investment opportunity for those seeking character in a desirable area.

Investment Analysis

(DN37 area)

Above Market Value

This property is priced +26.0% above area average per sq ft

+26.0%
This Property
£261/sq ft
Area Average
£207/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£563,240
10% above area average per sq ft
Potential ROI
-23.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DN37)

Area prices are falling by +7.1% over the last 12 months
3 year growth: 1.1%
5 year growth: 15.3%
Investment Disclaimer: Analysis based on DN37 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

Elm Road, Grimsby, DN37
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,363
Based on a loan of £483,750 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE