Park Street, Grimsby, Lincolnshire, DN32
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Park Street, Grimsby, Lincolnshire, DN32

By Reeds Rains

£ 95,000

Reviews

2 out of 5 stars

Reeds Rains says ..

This terraced house is configured into two tenanted flats with three bedrooms, two kitchens, two bathrooms, and three reception rooms, offers a unique investment opportunity with a 10.9% gross yield, low maintenance garden, and is ready-made for investors seeking immediate rental income.

Property Oracle says ..

The property is a 3-bedroom terraced house located on Park Street in Grimsby, Lincolnshire. The list price is £95,000. The property benefits from being close to several schools, including Phoenix Park Academy (0.17km), which has a good Ofsted rating. Several other schools with good Ofsted ratings are also within a reasonable distance. Public transport links are also relatively close by, with several train stations within a few kilometers. This suggests a reasonably convenient location. However, without specific information on the quality of local amenities and the overall desirability of the East Marsh area, a precise location score is difficult to assign. Based on the provided images, the property appears to be in generally fair condition, though some areas could benefit from modernisation. There is evidence of some wear and tear, particularly in the bathrooms, and the overall aesthetic could be improved. The kitchen appears functional but dated. While not needing immediate major repairs, some updating would enhance the property’s appeal and value. The property includes a small rear garden, which is a positive aspect. However, the size and condition of the garden are not detailed, making it difficult to assign a definitive land score. Considering the list price of £95,000, the average price in the area is £69,687, and the average price per square foot is £84. Without the square footage of the property, a precise price-per-square-foot comparison cannot be made. However, the list price is significantly above the average for the area, suggesting it may be slightly overpriced, especially considering the condition of the property. The higher list price may be justified by the property’s location and proximity to schools and transport links. However, the need for some modernisation could offset this.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
6
Location
7
Land
4
Bedrooms
3
Bathrooms
2

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
94,242.00 £
Increased by 25.44 %
from 75,129.00 £
Average area rental value
630.00 £/mo
Increased by 93.85 %
from 325.00 £/mo
Est rental Yield
8.02 %
Increased by 54.53 %
from 5.19 %
Crime Rate
12.00 %
Unchanged by 0.00 %
from 12.00 %

Agent Activity

  • Reeds Rains created the listing.

Nearby Schools

NameTypeOfstedDistance
Phoenix Park AcademyAcademy Alternative Provision Sponsor LedGood0.17 KM
William Barcroft Junior SchoolAcademy ConverterGood0.78 KM
Queen Mary Avenue Infant SchoolCommunity SchoolGood0.84 KM
Weelsby AcademyAcademy Sponsor LedRequires improvement0.88 KM
Old Clee Primary AcademyAcademy ConverterGood0.89 KM

Images

Front Elevation Living Room Kitchen Kitchen Dining Room Kitchen Bathroom Bedroom Living Room Bathroom Kitchen Communal Garden Bedroom Bedroom First Floor Flat Epc

Nearby Streets

NameAverage PriceAverage SqftDistance
Humberstone Road £ 000.00 KM
Montague Street £ 000.00 KM
Frank Walsham Court £ 000.00 KM
Humberston Road £ 000.00 KM
Calvi Court £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
New Clee6289NCE0.91 KM
Grimsby Docks6276GMD2.07 KM
Grimsby Town6280GMB3.16 KM
Cleethorpes6274CLE3.29 KM
Great Coates6275GCT7.99 KM

Nearby Listings

AddressPriceTypeScoreDistance
Park Street, Grimsby, Lincolnshire, DN32 £ 95,000BUY5 / 100.00 KM
Castle Street, Grimsby, Lincolnshire, DN32 £ 67,500BUY5 / 100.09 KM
JENNER PLACE, CLEETHORPES £ 115,000BUY6 / 100.12 KM
DURBAN ROAD, GRIMSBY £ 99,950BUY6 / 100.12 KM
DURBAN ROAD, GRIMSBY £ 92,995BUY6 / 100.12 KM

Nearby Properties

AddressPriceDistance
184 Park Street £ 115,0000.00 KM
140 Park Street £ 60,0000.02 KM
156 Park Street £ 76,0000.02 KM
150 Park Street £ 125,0000.02 KM
154 Park Street £ 78,5000.02 KM