R/O Cromwell Road, Grimsby, N E Lincs, DN31
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R/O Cromwell Road, Grimsby, N E Lincs, DN31

By Jackson Green & Preston

£ 95,000

Reviews

2 out of 5 stars

Jackson Green & Preston says ..

A rare and exciting opportunity to purchase 16 garages and 1 workshop, located to the rear of Cromwell Road. With a potential income of £11,700 per annum, this is an excellent low maintenance investment opportunity not to be missed.

Property Oracle says ..

This property comprises sixteen garages and one workshop situated on Cromwell Road in Grimsby, North East Lincolnshire. The listing highlights the potential rental income as a key selling point. The location offers proximity to Grimsby Town train station and several schools, providing accessibility to transportation and education. However, Grimsby itself presents some socio-economic factors which can impact property values. The photos reveal the garages to be in a fair but not excellent state of repair. They are clearly showing their age, with some exterior damage visible. The presence of debris and an older vehicle in the yard suggests a need for tidying up and potential maintenance. This investment opportunity might appeal to those seeking a rental income, but there are some inherent risks and challenges associated with the condition of the buildings and the overall area. The lack of essential information like the square footage and detailed condition reports makes it difficult to fully assess the property’s value and potential for profit. Potential buyers should conduct a thorough survey before committing to a purchase.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
5
Land
2
Bedrooms
0
Bathrooms
0

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
339,299.00 £
Increased by 1.34 %
from 334,823.00 £
Average area rental value
1,364.00 £/mo
Increased by 34.92 %
from 1,011.00 £/mo
Est rental Yield
4.82 %
Increased by 33.15 %
from 3.62 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Jackson Green & Preston created the listing.

Nearby Schools

NameTypeOfstedDistance
West Marsh Children'S CentreChildren's Centre0.60 KM
Macaulay Primary AcademyAcademy Sponsor LedRequires improvement0.60 KM
St James' SchoolOther Independent School0.75 KM
Ormiston Maritime AcademyAcademy ConverterRequires improvement0.99 KM
Ormiston South Parade AcademyAcademy ConverterGood1.07 KM

Images

Garages Garages Garages

Nearby Streets

NameAverage PriceAverage SqftDistance
Cromwell Road £ 80,00000.00 KM
Cromwell Avenue £ 137,50000.00 KM
Bramble Close £ 000.00 KM
Chestnut Avenue £ 000.00 KM
West Parade £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Grimsby Town6280GMB1.27 KM
Grimsby Docks6276GMD2.75 KM
Great Coates6275GCT3.73 KM
New Clee6289NCE4.31 KM
Healing6283HLI7.14 KM

Nearby Listings

AddressPriceTypeScoreDistance
R/O Cromwell Road, Grimsby, N E Lincs, DN31 £ 95,000BUY4 / 100.00 KM
Cromwell Road, Grimsby £ 113,000BUY7 / 100.02 KM
Cromwell Road, Grimsby, Lincolnshire, DN31 £ 99,950BUY4 / 100.05 KM
Cromwell Road, Grimsby, Lincolnshire, DN31 2DW £ 73,000BUY6 / 100.06 KM
87 Cromwell Road, Grimsby, Lincolnshire, DN31 2DN £ 90,000BUY5 / 100.06 KM

Nearby Properties

AddressPriceDistance
87 Cromwell Road £ 44,9990.00 KM
21 Cromwell Road £ 63,0000.00 KM
59 Cromwell Road £ 59,0000.00 KM
69 Cromwell Road £ 83,0000.00 KM
57 Cromwell Road £ 78,0000.00 KM