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Richard Street, Grimsby, Lincolnshire, DN31

Yorkshire

£52,950
Listed on 29/12/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom mid-terrace property presents a promising opportunity for refurbishment within a sought-after area of Grimsby. Benefitting from uPVC double glazing and a gas central heating system, it offers a solid foundation for restoration and modernisation. The property's layout includes an entrance porch, lounge/sitting room, kitchen, rear lobby, and ground floor w.c., alongside two bedrooms on the upper level. Given its strategic location with strong rental demand in the vicinity, this property holds significant investment potential for first-time buyers and developers alike. The scope for improvements provides an excellent chance to enhance its value.

Investment Analysis

(DN31 area)
Area Average
£90/sq ft
Avg Rent (weekly)
£137
Avg Yield
9.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (DN31)

Area prices are falling by +12.9% over the last 12 months
3 year growth: -15.1%
5 year growth: 11.4%
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

Richard Street, Grimsby, Lincolnshire, DN31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£191
Based on a loan of £39,712 over 30 years at 4.06% 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.

Next Steps

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