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Bemrose Way, Grimsby

Yorkshire

£70,000

Listed on 20/07/2026

Property details

Bedrooms
3
Type
Terraced
Area
1041 sqft

Description

This three-bedroom mid-terrace home offers an exceptional blank canvas for those looking to capitalize on renovation potential. Positioned in a convenient location, this property is ideal for first-time buyers, families, or investors eager to create a personalized living space. The home requires a comprehensive modernisation effort, presenting an opportunity to enhance its value significantly. The layout comprises an entrance hall that leads into a spacious kitchen-diner at the front. This area is ripe for redesign, providing ample space for culinary and dining activities. At the rear, the generous lounge benefits from direct access to the conservatory, allowing natural light to flood in while offering views of the private garden. A convenient shower room completes the ground floor. The first floor accommodates three well-sized bedrooms, each capable of serving various needs—whether it be family living, guest space, or a home office. A family bathroom serves these bedrooms effectively. Outside, the property features low-maintenance gardens both in front and back. The front garden provides essential off-road parking and attractive landscaping, while the private rear garden includes a secure outbuilding suitable for storage or as a hobby space. With no onward chain and positioned near local amenities, schools, and transport links, this home presents an intriguing investment opportunity for those ready to undertake refurbishment work.

Investment analysis

(DN31 area)

Below Market Value

This property is priced -22.7% below area average per sq ft

-22.7%
Potential saving
This Property
£67/sq ft
Area Average
£87/sq ft
Avg Rent (weekly)
£143
Avg Yield
8.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£99,624
10% above area average per sq ft
Potential ROI
-9.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (DN31)

Area prices are falling by -5.1% over the last 12 months
3 year growth: -5.3%
5 year growth: +10.1%
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

Bemrose Way, Grimsby
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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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