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Newhaven Terrace, Grimsby, DN31 2RX - Image 1
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Newhaven Terrace, Grimsby, DN31 2RX

Yorkshire

£58,000
Listed on 04/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
895 sqft

Description

This three-bedroom terraced home in Grimsby presents a noteworthy opportunity for those looking to invest or renovate. The property offers spacious living areas and a functional layout, making it an ideal canvas for customization according to personal preferences or modern trends. On the ground floor, you'll find a cozy lounge that leads into a practical kitchen area, which provides access to the private rear yard. This outdoor space is suitable for low-maintenance relaxation or could be enhanced to create an inviting entertainment area. Upstairs, the property features three well-proportioned bedrooms along with a family bathroom, offering versatile accommodation options that can cater to both families and professionals. The existing layout permits potential reconfigurations or updates that could significantly enhance both comfort and value. Located in a neighborhood with good access to local amenities and transport links, this home not only promises comfortable living but also the potential for appreciation over time. Whether you're a first-time buyer eager to make it your own or an investor aiming to capitalize on renovation potential, this property is worth exploring further. With some thoughtful improvements and updates, there's significant scope to increase the property's value, making it an attractive proposition in today's market.

Investment Analysis

(DN31 area)

Below Market Value

This property is priced -28.0% below area average per sq ft

-28.0%
Potential saving
This Property
£65/sq ft
Area Average
£90/sq ft
Avg Rent (weekly)
£142
Avg Yield
9.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £25,000
Target Value
£88,556
10% above area average per sq ft
Potential ROI
+6.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DN31)

Area prices are falling by +6.1% over the last 12 months
3 year growth: -8.9%
5 year growth: 20.0%
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.

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Location

Newhaven Terrace, Grimsby, DN31 2RX
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