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Gilbey Road, Grimsby, DN31

Yorkshire

£40,000
Listed on 12/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1057 sqft

Description

This three-bedroom terraced house presents a promising opportunity for those interested in renovation and investment. Located near the bustling Grimsby Town Centre, the property benefits from convenient access to the A180 motorway and is within walking distance of various local amenities, making it an appealing option for potential tenants. The layout includes two spacious reception rooms and a separate kitchen, providing a solid framework for modernization. With some refurbishment, these areas could be transformed into welcoming spaces that maximize their potential. The ground floor also features a bathroom, while the three generously sized bedrooms offer ample room for comfortable living or additional rental income. This property stands out as an ideal investment project in a well-connected area with strong rental demand. Prospective buyers will appreciate the chance to add value through renovations that suit modern lifestyles. Early viewing is recommended to fully grasp the possibilities this home offers for both personal use and investment returns. The sale will proceed via secure online bidding, allowing for flexibility in acquisition. Additional details regarding terms and conditions can be provided upon inquiry.

Investment Analysis

(DN31 area)

Below Market Value

This property is priced -57.6% below area average per sq ft

-57.6%
Potential saving
This Property
£38/sq ft
Area Average
£89/sq ft
Avg Rent (weekly)
£134
Avg Yield
9.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£103,713
10% above area average per sq ft
Potential ROI
+29.6%
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
15%
Properties sold annually

Local Market Trend (DN31)

Area prices are falling by +8.2% over the last 12 months
3 year growth: -10.1%
5 year growth: 12.5%
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

Gilbey Road, Grimsby, DN31
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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
£147
Based on a loan of £30,000 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