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2 Bed Detached Bungalow House For Sale Mordaunt Avenue, Grimsby, DN33

£145,000- Detached Bungalow

Yield: 4.72%
1 of 13
Yield: 4.72%
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  • Rental Guide: £455 - £570
  • 2 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
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Last Updated: 12th November 2020

Description

Situated on Mordaunt Avenue this delightful detached bungalow stands within pretty gardens and provides accommodation with the benefit of gas central heating and uPVC framed double glazing. Home to the same owners for many years the property offers some scope for selective updating and viewing is recommended to appreciate its potential. Briefly comprising:- Entrance Hall, Lounge with front bay and side windows, Kitchen with units and space for appliances, wooden rear Conservatory, two double Bedrooms and Bathroom with a grey suite and a shower over the bath. The gardens are mainly lawned and include an extended Garage and a long block paved driveway. Shops and local facilities are close by. EPC Rating - D

The accommodation comprises:-
ENTRANCE HALL
An 'L' shaped hallway with a central heating radiator and a shelved storage cupboard.

LOUNGE 5.03m (16'6") x 3.05m (10'0")
A pleasant room featuring a traditional style firesurround with an electric flicker flame fire and decorative panelling to the chimney breast. There is a front bay window plus twin windows each side of the fireplace for additional natural light. There are wall light points and a central heating radiator.

KITCHEN 3.05m (10'0") x 2.74m (9'0")
Comprehensively equipped with a range of wall and base cabinets with marbled worksurfaces incorporating a single drainer stainless steel sink unit. There is a wall mounted Buderus gas boiler plus plenty of space for freestanding appliances. A door leads out to the Conservatory and there is a central heating radiator.

CONSERVATORY 5.26m (17'3") x 1.52m (5'0")
A lightweight wooden structure with single glazed windows providing an enclosed area looking out across the rear garden. A door opens to the garden.

BEDROOM ONE 3.96m (13'0") x 3.05m (10'0")
A good size bedroom with two cupboards and a range of wardrobes with cream leather style doors and a central dresser. There is a central heating radiator.

BEDROOM TWO 3.20m (10'6") x 2.51m (8'3")
Suitable as a bedroom or as a daytime room. Central heating radiator.

BATHROOM 1.93m (6'4") x 1.63m (5'4")
Part tiled and featuring a grey suite comprising a panel bath with a Triton Jade electric shower above, a pedestal washbasin and a w.c. There is a central heating radiator.

GARAGE 7.82m (25'8") x 3.05m (10'0")max
Part sectional concrete and part timber to provide a car space and work shop area.

The bungalow stands within rectangular shaped gardens which are lawned to the front and enhanced by well stocked shrub borders and a block paved driveway leading to the Garage. The rear garden is also lawned and there is a paved patio area plus shrub borders.

SERVICES
Mains gas, water, electricity and drainage are connected.

CENTRAL HEATING
Comprises radiators as detailed above connected to the Buderus gas boiler in the Kitchen.

DOUBLE GLAZING
The property has the benefit of uPVC framed double glazing to the windows and doors with the exception of the Conservatory.

LOCAL AUTHORITY
North East Lincolnshire Council.

COUNCIL TAX
Our enquiries of the Local Authority indicate the property to be in Council Tax Band B.

TENURE
Freehold - subject to Solicitors verification.

VIEWING
By appointment through the Agents on Grimsby 311000.

LOCATION AND AMENITIES
Mordaunt Avenue runs between Rydal Avenue and Windermere Avenue and is located just a couple of minutes walk from the Co-op store and other facilities on Coniston Avenue. Regular buses serve the general area and the Seven Seas Public House is close by.
Agent Details
Martin Maslin
4-6, Abbey Walk, Grimsby, DN31 1NB
Show Contact Number
01472 311 000
**This report is currently a Beta Test Version. Do not rely on the information provided below.

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
4.3

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current all-time record low interest rates are making monthly mortgage payments more affordable so more people will buy houses, which will lead to house prices increasing.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages, will lead to steady house price growth.
5

Fiscal Policy

First Home Stamp Duty:
£0
Buy To Let or Second Home:
£4,350
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
9.9

Comparison with other investment alternatives

Investing in this property will give you a slightly better regular return, when compared to other conservative investments.
5

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

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Rental Data
2 Bedroom properties in “DN33” are mostly listed between £455 - £570. There is limited data on listings in proximity to this property.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested