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Fairmont Road, Grimsby

Yorkshire

£65,000
Listed on 13/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
833 sqft

Description

This mid-terrace house on Fairmont Road, Grimsby presents an exceptional opportunity for those looking to invest in a renovation project. Situated in a well-established residential area with convenience to local amenities and transport links, this property is ideal for investors and first-time buyers alike. The home features a spacious lounge-diner with ample natural light, a separate kitchen equipped with essential fixtures, and a practical shower room. Upstairs, three generously sized bedrooms await your personal touch, making them perfect candidates for modernisation to meet contemporary living preferences. Externally, the manageable rear garden offers potential for landscaping or outdoor improvements pending planning consent. While the property requires comprehensive updating throughout, its solid layout provides a promising canvas to create a stylish abode. The lack of onward chain enhances the appeal of this project as an attractive investment in the thriving Grimsby market.

Investment Analysis

(DN32 area)

Below Market Value

This property is priced -22.9% below area average per sq ft

-22.9%
Potential saving
This Property
£78/sq ft
Area Average
£101/sq ft
Avg Rent (weekly)
£136
Avg Yield
6.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£92,730
10% above area average per sq ft
Potential ROI
+3.0%
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

Fairmont Road, 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
£238
Based on a loan of £48,750 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