Fraser Street, Grimsby DN32
Yorkshire
£45,000
Listed on 04/09/2026
Listed on 04/09/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
956 sqftFeatures
- Garden
Description
This three-bedroom mid-terraced house has two reception rooms, a kitchen and a ground-floor bathroom, with a landing serving the bedrooms upstairs. Gas central heating is stated, although it has not been tested, and uPVC double glazing is fitted to most of the property. Outside, there is a front garden and a small rear yard. The house requires refurbishment, offering scope for a purchaser to update the accommodation. Crofts Estate Agents report that an offer has been received and invite further offers before exchange of contracts.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
71out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £45,000, this three-bedroom terrace is priced at around £47 per sq ft against a local average of £102, making the low entry price a standout opportunity. It also offers two reception rooms and three bedrooms, with scope to reshape and refresh the dated, worn interiors; the kitchen’s damaged or missing lower units make it a particularly clear place to add value.
This is a substantial project rather than a cosmetic update: marked floors and damaged wall finishes show across several rooms, and the bathroom is also tired. The £30,000–£50,000 renovation range gives a sense of the work involved, while the score reflects the strong price and sound fundamentals alongside the scale of the job and an average location.
Key opportunities
- The two reception rooms and three-bedroom layout give scope to improve how the house works for a future owner or landlord.
- The deteriorated kitchen offers a clear opportunity to install new units and finishes as part of a broader interior update.
- Worn floors and damaged wall finishes across the photographed rooms provide a chance to create a more consistent finish throughout.
Key risks
- The marked floors, stained and worn bedroom boards, damaged finishes and deteriorated kitchen make this a substantial programme, with a £30,000–£50,000 works range to budget and schedule rather than a cosmetic refresh.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£170
Based on a loan of £33,750 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.
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