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Gilbey Road, Grimsby, N.E Lincolnshire, DN31

Yorkshire

£70,000

Listed on 03/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
969 sqft

Description

This mid-terrace property features three bedrooms and approximately 969 sq ft of living space. It presents a valuable opportunity for buyers looking to invest or personalize their next home. With a thoughtful refurbishment plan, the space can be transformed to suit modern tastes while retaining its traditional charm. Upon entering, you are greeted by a spacious lounge with a charming bay window and decorative ceiling details that enhance the character of the home. The adjoining dining room is particularly generous, providing ample room for both dining furniture and additional items, along with natural light filtering in from the rear. The kitchen is functional yet could benefit from modernization; it includes basic units and fittings but offers scope for enhancement. A rear lobby leads to the garden, while a separate ground-floor WC adds practicality. Upstairs, the first floor hosts three bedrooms including a well-sized master at the front and two additional rooms that cater well to various needs such as guest accommodation or office space. The bathroom currently features a simple white suite but presents opportunities for an upgrade. The rear garden is enclosed and requires some landscaping but has great potential for transformation into an appealing outdoor area. Additionally, there is a timber outbuilding that provides extra storage space. Located in Grimsby within an established residential area close to local amenities, this property is also conveniently positioned for easy access to Cleethorpes and surrounding areas. Its combination of traditional features and renovation potential makes it an attractive option for both first-time buyers and seasoned investors seeking to add value through improvement.

Investment Analysis

(DN31 area)

Below Market Value

This property is priced -17.9% below area average per sq ft

-17.9%
Potential saving
This Property
£72/sq ft
Area Average
£88/sq ft
Avg Rent (weekly)
£138
Avg Yield
8.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£93,799
10% above area average per sq ft
Potential ROI
-14.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (DN31)

Area prices are falling by -3.3% over the last 12 months
3 year growth: -5.7%
5 year growth: +14.5%
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

Gilbey Road, Grimsby, N.E Lincolnshire, DN31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£264
Based on a loan of £52,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

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