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Spring Bank, Grimsby

Yorkshire

£55,000
Listed on 29/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
704 sqft

Description

This end-of-terrace house presents a promising opportunity for buyers and investors in Grimsby, particularly those looking to undertake a refurbishment project. With no forward chain, the property is ideally positioned to modernise according to personal taste or investment strategy. The layout spans two floors, featuring a front-facing lounge that offers a comfortable area to relax. At the rear, a kitchen-diner provides generous space for dining, complemented by practical ground floor WC facilities. The first floor accommodates three bedrooms, which are suitable for families or home office setups, alongside a family bathroom. Externally, there are low-maintenance gardens both at the front and back, perfect for manageable outdoor living. Located conveniently near local amenities and transport links, this property holds significant potential for enhancement – whether as a family home or as an addition to a rental portfolio.

Investment Analysis

(DN34 area)

Below Market Value

This property is priced -53.2% below area average per sq ft

-53.2%
Potential saving
This Property
£78/sq ft
Area Average
£167/sq ft
Avg Rent (weekly)
£181
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£129,170
10% above area average per sq ft
Potential ROI
+36.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
50%
Properties sold annually

Local Market Trend (DN34)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -2.7%
5 year growth: +19.5%
Investment Disclaimer: Analysis based on DN34 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

Spring Bank, Grimsby
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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
£198
Based on a loan of £41,250 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.

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