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Patrick Street, Grimsby DN32

Yorkshire

£65,000
Listed on 10/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1012 sqft

Description

This three-bedroom terraced house presents an excellent opportunity for renovation and investment, especially for those looking to customize a home to their preferences. The property features double glazing and gas central heating, with the added benefit of a recently installed roof, making it a solid structural foundation for future enhancements. Inside, the layout includes a generous living room and dining room on the ground floor, along with a fitted kitchen and family bathroom. The upper level comprises three bedrooms, providing ample space for family living or rental potential. The private rear garden offers the possibility for outdoor improvements or landscaping that can enhance both enjoyment and property value. Situated in Grimsby, this home is conveniently located near various amenities such as shops, supermarkets, restaurants, and pubs. The accessibility of Grimsby Town Railway Station and local bus routes makes it an attractive option for commuters or those who prefer public transport. Additionally, proximity to the A180 facilitates connections to surrounding areas. While the property requires modernization throughout, this aspect also reflects its investment potential; buyers can implement their vision while potentially increasing equity through thoughtful upgrades. This is an opportunity not just to invest in a home but to create tailored living spaces that can yield long-term benefits.

Investment Analysis

(DN32 area)

Below Market Value

This property is priced -35.4% below area average per sq ft

-35.4%
Potential saving
This Property
£64/sq ft
Area Average
£100/sq ft
Avg Rent (weekly)
£136
Avg Yield
6.3%

Renovation Potential

Est. Renovation Cost
£6,500 - £16,250
10-25% of property value
Target Value
£110,763
10% above area average per sq ft
Potential ROI
+36.3%
After renovation
Monthly Sales
27
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (DN32)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -2.3%
5 year growth: 13.8%
Investment Disclaimer: Analysis based on DN32 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Patrick Street, Grimsby DN32
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