Richard Street, Grimsby, Lincolnshire, DN31
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Richard Street, Grimsby, Lincolnshire, DN31

By Jackson Green & Preston

£ 66,000

Reviews

2 out of 5 stars

Jackson Green & Preston says ..

Terraced house with 3 bedrooms, fitted kitchen, and a private garden. Conveniently located near amenities and transport links. To be sold with the tenants in situ, representing an 8% yield at the current asking price.

Property Oracle says ..

This two-bedroom terraced house located on Richard Street in Grimsby’s West Marsh offers a potentially affordable entry point into the property market. The property is habitable, but shows its age in terms of interior design and aspects of its fixtures and fittings. The kitchen and bathroom particularly could benefit from modernisation. While the property has a small outdoor space, it is not extensive. The location is convenient to Grimsby Town station and a number of schools, but the West Marsh area itself presents a less desirable social environment than more affluent sections of Grimsby. The listed price aligns with other similar properties in the immediate area, offering a reasonable valuation given the property’s condition and location. Potential buyers should factor in refurbishment costs as well as a realistic appraisal of the area when considering this purchase. The property may be particularly appealing to first-time buyers on a tight budget or buy-to-let investors seeking rental yield, but would require investment to modernise and enhance its appeal. There’s also some indication that the property may be currently tenanted, a factor that potential buyers should seek clarification on.

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
5
Location
4
Land
2
Bedrooms
2
Bathrooms
1
Sqft (est)
770.70

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
63,333.00 £
Decreased by 14.93 %
from 74,448.00 £
Est sale value
65,509.50 £
Decreased by 11.46 %
from 73,987.20 £
Average area rental value
660.00 £/mo
Increased by 12.24 %
from 588.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
12.51 %
Increased by 31.96 %
from 9.48 %
Crime Rate
14.00 %
Unchanged by 0.00 %
from 14.00 %

Agent Activity

  • Jackson Green & Preston created the listing.

Nearby Schools

NameTypeOfstedDistance
Ormiston South Parade AcademyAcademy ConverterGood0.59 KM
Macaulay Primary AcademyAcademy Sponsor LedRequires improvement0.91 KM
West Marsh Children'S CentreChildren's Centre0.91 KM
St James' SchoolOther Independent School0.91 KM
Littlecoates Primary AcademyAcademy ConverterGood1.17 KM

Images

Living Room Dining Room External Dining Room (2) Bathroom Bathroom (2) Living Room (2) Kitchen Kitchen (2) Bedroom 1 Garden Bedroom 2 Google Maps Image

Nearby Streets

NameAverage PriceAverage SqftDistance
York Street £ 000.00 KM
West Parade £ 000.00 KM
Bramble Close £ 000.00 KM
Cromwell Avenue £ 137,50000.00 KM
Prince's Avenue Rear Access Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Grimsby Town6280GMB0.99 KM
Grimsby Docks6276GMD2.15 KM
New Clee6289NCE3.75 KM
Great Coates6275GCT4.05 KM
Cleethorpes6274CLE7.23 KM

Nearby Listings

AddressPriceTypeScoreDistance
Richard Street, Grimsby, Lincolnshire, DN31 £ 66,000BUY4 / 100.00 KM
Richard Street, Grimsby £ 69,950BUY5 / 100.00 KM
Richard Street, Grimsby £ 65,000BUY5 / 100.01 KM
Richard Street, Grimsby, Lincolnshire, DN31 £ 52,950BUY5 / 100.03 KM
Richard Street, Grimsby £ 65,000BUY5 / 100.03 KM

Nearby Properties

AddressPriceDistance
18 Richard Street £ 42,5000.01 KM
1 Richard Street £ 60,0000.01 KM
24 Richard Street £ 29,0000.01 KM
33 Richard Street £ 52,5000.01 KM
12 Richard Street £ 43,0000.01 KM