Freshney Drive, Grimsby, Lincolnshire, DN31
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Freshney Drive, Grimsby, Lincolnshire, DN31

By Reeds Rains

£ 45,000

Reviews

2 out of 5 stars

Reeds Rains says ..

This two-bedroom first-floor flat, requiring renovation, offers an excellent investment opportunity with a potential 12.7% rental yield, a garage for off-street parking, efficient running costs, and is available for cash buyers with no forward chain. • Two well-sized bedrooms

Property Oracle says ..

This two-bedroom property in Grimsby, Lincolnshire, presents a mixed bag. Located on Freshney Drive in the West Marsh area, it benefits from proximity to Grimsby Town train station, making commuting relatively easy. Nearby schools include Ormiston South Parade Academy (rated ‘Good’) and other options within a reasonable distance. However, the area itself lacks the detailed description to judge its overall desirability.

The property’s interior requires considerable updating. The carpets are worn, the bathroom and kitchen are dated, and there are visible signs of wear and tear, such as cracks in the ceiling. While not necessarily uninhabitable, significant renovations would be necessary to bring it up to modern standards. The kitchen and bathroom fixtures, in particular, look older and in need of refurbishment.

The exterior suggests a modest-sized property with a small garden, which doesn’t add substantial value, but does provide some outdoor space. No specific details are available on garage or parking.

The asking price, considering the necessary improvements, needs context, however, the provided comparison suggests it could be a reasonable entry point for investors or first-time buyers willing to undertake renovations. However, more information on the local property market is required to evaluate the true value of the property. The presence of similar properties requiring renovation on Freshney Drive suggests that the pricing reflects the condition and the need for improvement. A buyer must factor in significant refurbishment costs into their overall investment and financial plans.

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)
459.62

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
69,711.00 £
Decreased by 20.89 %
from 88,115.00 £
Est sale value
42,285.04 £
Unchanged by 0.00 %
from 42,285.04 £
Average area rental value
693.00 £/mo
Increased by 21.15 %
from 572.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
11.93 %
Increased by 53.15 %
from 7.79 %
Crime Rate
10.00 %
Unchanged by 0.00 %
from 10.00 %

Agent Activity

  • Reeds Rains created the listing.

Nearby Schools

NameTypeOfstedDistance
Ormiston South Parade AcademyAcademy ConverterGood0.39 KM
St James' SchoolOther Independent School1.04 KM
West Marsh Children'S CentreChildren's Centre1.23 KM
Macaulay Primary AcademyAcademy Sponsor LedRequires improvement1.23 KM
Littlecoates Primary AcademyAcademy ConverterGood1.39 KM

Images

Front Elevation Hallway Bathroom Hallway Kitchen Bedroom Bedroom Kitchen Bedroom

Nearby Streets

NameAverage PriceAverage SqftDistance
Tennyson Mews £ 000.00 KM
West Parade £ 000.00 KM
Bramble Close £ 000.00 KM
Cromwell Avenue £ 137,50000.00 KM
Vicarage Gardens £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Grimsby Town6280GMB0.87 KM
Grimsby Docks6276GMD1.83 KM
New Clee6289NCE3.43 KM
Great Coates6275GCT4.33 KM
Cleethorpes6274CLE6.94 KM

Nearby Listings

AddressPriceTypeScoreDistance
Freshney Drive, Grimsby, Lincolnshire, DN31 £ 45,000BUY4 / 100.00 KM
Ravenspurn Way, Grimsby, N.E.Lincolnshire, DN31 £ 95,000BUY6 / 100.09 KM
Ravenspurn Way, GRIMSBY, Lincolnshire, DN31 £ 57,500BUYUnknown0.12 KM
Freshney Drive, Grimsby, Lincolnshire, DN31 £ 69,950BUY6 / 100.14 KM
Corporation Road, Grimsby, DN31 £ 60,000BUYUnknown0.24 KM

Nearby Properties

AddressPriceDistance
9 Freshney Drive £ 57,0000.04 KM
3 Freshney Drive £ 46,0000.04 KM
11 Freshney Drive £ 60,0000.04 KM
5 Freshney Drive £ 15,2800.04 KM
29 Freshney Drive £ 75,0000.04 KM