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Elwyn Place, Cleethorpes

Yorkshire

£245,000
Listed on 14/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
831 sqft

Description

This three-bedroom detached bungalow occupies a desirable corner plot and presents an excellent opportunity for renovation and investment. While the property offers a solid foundation, it would benefit from updates to unlock its full potential. The west-facing gardens provide a welcoming outdoor space, ideal for gardening enthusiasts or those looking to create a cozy retreat. The layout includes an entrance hall leading to a spacious lounge/dining room, which features double glazed windows and patio doors that open to the rear garden. A traditional York stone fire surround adds character to the space, making it perfect for gatherings. The kitchen/breakfast room is functional yet could be modernized with updated fixtures and finishes to enhance its appeal. All three bedrooms are well-sized, each equipped with fitted wardrobes that maximize storage options. The main bathroom is currently outfitted with essential amenities but offers potential for a contemporary redesign. Additionally, the modern wet room provides convenience, particularly for those seeking accessible living options. Externally, the larger-than-average brick garage offers ample storage and workspace possibilities, while the surrounding gardens enhance the property's curb appeal. The enclosed rear garden provides privacy and an inviting area for outdoor activities or further landscaping projects. Conveniently located near local shopping facilities, healthcare services, schools, and regular bus routes, this bungalow not only promises comfortable living but also represents a valuable investment opportunity in an area with strong rental demand. With vacant possession available, this property is ready for those looking to put their personal touch on it and realize its investment potential.

Investment Analysis

(DN35 area)

Above Market Value

This property is priced +77.0% above area average per sq ft

+77.0%
This Property
£295/sq ft
Area Average
£167/sq ft
Avg Rent (weekly)
£148
Avg Yield
4.9%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£152,243
10% above area average per sq ft
Potential ROI
-44.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DN35)

Area prices are rising by +6.1% over the last 12 months
3 year growth: 4.2%
5 year growth: 17.0%
Investment Disclaimer: Analysis based on DN35 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

Elwyn Place, Cleethorpes
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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
£897
Based on a loan of £183,750 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