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Drew Avenue, Grimsby

Yorkshire

£135,000
Listed on 18/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
808 sqft

Description

This traditional semi-detached home presents an intriguing opportunity for renovation and investment, ideal for both first-time buyers and seasoned investors. Nestled in a desirable area just off Weelsby Avenue, the property is conveniently located near local schools and essential amenities, enhancing its appeal for families and renters alike. Upon entering, you are greeted by a welcoming hallway that leads to flexible living spaces. The ground floor features two distinct reception rooms: a front dining room with a charming brick fireplace and a sitting room adorned with decorative beams and French doors that open into a spacious conservatory. This extension offers potential as an additional entertaining space or playroom while providing access to the landscaped rear garden. The practical kitchen includes built-in appliances and ample work surface areas, though it would benefit from modern updates to enhance functionality. Adjacent to the kitchen is a utility area currently serving as a rear porch, allowing for convenient access to the outdoor space. Upstairs, the property offers three bedrooms, with the layout adaptable to suit various needs—ideal for those looking to create an office or nursery space. The good-sized shower room features a walk-in cubicle, which could be remodeled into a more luxurious bathroom setup. Outside, the property boasts a block-paved driveway, providing valuable off-street parking in addition to well-maintained gardens. The rear garden is particularly noteworthy, featuring artificial turf paired with patio areas that invite opportunities for outdoor entertaining. Though requiring some updating and refurbishment throughout, this home stands as a blank canvas ready for customization. With its solid structure and prime location, there is considerable potential for increasing value through renovation efforts. It’s an excellent chance to transform this traditional property into a personalized sanctuary or rental asset.

Investment Analysis

(DN32 area)

Above Market Value

This property is priced +65.1% above area average per sq ft

+65.1%
This Property
£167/sq ft
Area Average
£101/sq ft
Avg Rent (weekly)
£136
Avg Yield
6.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£89,947
10% above area average per sq ft
Potential ROI
-48.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DN32)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -5.1%
5 year growth: 5.6%
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

Drew Avenue, Grimsby
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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
£495
Based on a loan of £101,250 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