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Oakwood Drive, Grimsby, Lincolnshire, DN37 - Image 1
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Oakwood Drive, Grimsby, Lincolnshire, DN37 - Image 3
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Oakwood Drive, Grimsby, Lincolnshire, DN37 - Image 5
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Oakwood Drive, Grimsby, Lincolnshire, DN37 - Image 7
Oakwood Drive, Grimsby, Lincolnshire, DN37 - Image 8
Oakwood Drive, Grimsby, Lincolnshire, DN37 - Image 9
Oakwood Drive, Grimsby, Lincolnshire, DN37 - Image 10
Oakwood Drive, Grimsby, Lincolnshire, DN37 - Image 11

Oakwood Drive, Grimsby, Lincolnshire, DN37

Yorkshire

£150,000
Listed on 12/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

Situated in a well-established residential area just off Candlesby Road in Grimsby, this three-bedroom detached home presents an intriguing opportunity for those looking to invest in a property with significant renovation potential. While the house requires comprehensive refurbishment, its structure and layout offer a solid foundation for creating a modern family residence. The interior features a practical arrangement, beginning with an entrance hall that leads into a variety of living spaces. The ground floor includes a spacious lounge with large double doors that open to the rear garden, as well as a kitchen that overlooks the outdoor space. A cloakroom with W.C. adds convenience on this level. Upstairs, you'll find three bedrooms and a family bathroom, each offering ample space and natural light through UPVC double-glazed windows. A key highlight of this property is the strong potential for improvement and expansion—subject to obtaining the necessary consents. The existing layout can be reimagined to suit contemporary living standards or tailored to personal needs, making it ideal for both owner-occupiers and investors aiming to increase property value. Outside, the home benefits from both front and rear gardens, providing plenty of room for landscaping or outdoor entertainment options. A driveway allows for off-road parking, enhancing its practicality. This location is particularly advantageous due to its proximity to local amenities, reputable schools, healthcare facilities, and efficient transport links into Grimsby town centre. As such, it stands out as a desirable area for families and professionals alike. With no forward chain on this property, interested parties are encouraged to view early to fully appreciate the opportunities it has to offer in terms of investment and transformation into a modern family home.

Investment Analysis

(DN37 area)
Area Average
£207/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
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

Oakwood Drive, Grimsby, Lincolnshire, 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
£549
Based on a loan of £112,500 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