Grimsby Road, Cleethorpes, Lincolnshire, DN35
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Grimsby Road, Cleethorpes, Lincolnshire, DN35

By Jackson Green & Preston

£ 195,000

Reviews

2 out of 5 stars

Jackson Green & Preston says ..

ATTENTION INVESTORS. A great opportunity has arisen to purchase this investment property, situated in a prominent position on Grimsby Road. Contact the office for further details.

Property Oracle says ..

The property is located on Grimsby Road in Cleethorpes, Lincolnshire. The area benefits from its proximity to several amenities. There are primary schools within a short distance, such as Elliston Primary Academy (rated Outstanding by Ofsted) and Queen Mary Avenue Infant School (rated Good). Several train stations are also relatively close by, offering convenient transport links. The presence of local shops and businesses further enhances the convenience of the location.

Based on the provided photographs, the property appears to be in generally good condition. The interior shows recent renovations or updates to the kitchen and bathroom areas. While some areas appear slightly cluttered in the photos, this doesn’t necessarily indicate poor structural condition. However, a lack of detailed images of the entire property makes a complete assessment challenging.

The property’s plot size is listed as 0.00 SQFT, indicating a lack of garden space. This is a significant drawback for many buyers, especially those seeking outdoor space.

Considering the list price of £195,000, the average price in the area (£103,364), and the average price per square foot (£98), the property seems overpriced. While the condition of the property is acceptable, the lack of land and the significantly higher price compared to nearby listings suggest a less favorable value proposition. The average price per square foot in the area is substantially lower than what is implied by the list price. The nearby listings show properties selling for considerably less, even those with more bedrooms and bathrooms. Therefore, the asking price appears to be significantly inflated compared to the market value in the immediate vicinity.

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
3
Condition
7
Location
8
Land
1
Bedrooms
0
Bathrooms
0
Sqft (est)
570.00

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
81,988.00 £
Decreased by 38.90 %
from 134,180.00 £
Est sale value
51,870.00 £
Decreased by 35.46 %
from 80,370.00 £
Average area rental value
621.00 £/mo
Decreased by 2.36 %
from 636.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
9.09 %
Increased by 59.75 %
from 5.69 %
Crime Rate
18.00 %
Unchanged by 0.00 %
from 18.00 %

Agent Activity

  • Jackson Green & Preston created the listing.

Nearby Schools

NameTypeOfstedDistance
Elliston Primary AcademyAcademy ConverterOutstanding0.22 KM
Queen Mary Avenue Infant SchoolCommunity SchoolGood0.65 KM
William Barcroft Junior SchoolAcademy ConverterGood0.80 KM
Reynolds Primary AcademyAcademy Sponsor LedGood1.06 KM
Cleethorpes Children'S Centre (Reynolds)Children's Centre1.06 KM

Images

External External (2) Main Retail Main Retail Workshop Office W.C. Flat 1 - External Flat 1 - Kitchen Flat 1 - Living Room Flat 1 - Bedroom Flat 1 - Shower Room Flat 1 - W.C. Flat2-Living/Kitchen Flat3-Living/Kitchen Flat 3 - Bedroom Google Maps Image Flat 2 - Bedroom Flat 2 - Bathroom Flat3-Living/Kitchen Flat 3 - Bathroom

Nearby Streets

NameAverage PriceAverage SqftDistance
Suggitt's Court £ 000.00 KM
Montague Street £ 000.00 KM
Suggitt's Orchard £ 000.00 KM
Saxon Crescent £ 000.00 KM
Greetham's Lane £ 215,00000.00 KM

Nearby Transport

NameNLCTLCDistance
New Clee6289NCE1.64 KM
Cleethorpes6274CLE2.13 KM
Grimsby Docks6276GMD3.20 KM
Grimsby Town6280GMB4.43 KM
Great Coates6275GCT9.21 KM

Nearby Listings

AddressPriceTypeScoreDistance
Grimsby Road, Cleethorpes, Lincolnshire, DN35 £ 195,000BUY4 / 100.00 KM
Grimsby Road, Cleethorpes, DN35 £ 150,000BUY6 / 100.00 KM
GRIMSBY ROAD, CLEETHORPES £ 87,500BUYUnknown0.03 KM
WARD STREET, CLEETHORPES £ 110,000BUYUnknown0.09 KM
Constitutional Avenue, Cleethorpes, Lincolnshire, DN35 £ 75,000BUY6 / 100.10 KM

Nearby Properties

AddressPriceDistance
150 Grimsby Road £ 89,9500.01 KM
158b Grimsby Road £ 69,0000.01 KM
154 Grimsby Road £ 140,0000.01 KM
174 Grimsby Road £ 35,0000.01 KM
176 Grimsby Road £ 83,5000.01 KM