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3 Bed Terraced House For Sale Fairfax Road, Grimsby, DN34

£88,500- Terraced

Yield: 7.73%
1 of 12
Yield: 7.73%
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  • Rental Guide: £455 - £570
  • 3 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
  • Maps

Key Features

  • Mid Terrace Property Located Near To Grimsby Town Centre
  • Being Sold With No Forward Chain
  • Ideal Purchase For A First Time Buyer Or Buy To Let Investor
  • Three Bedrooms, Two Being Doubles
  • Ready To Move Into, A Must To View
  • Gardens To Front And Rear, Great Sized Rear Garden
  • Lounge And Dining Room
  • Energy Performance Rating D And Council Tax Band A
Last Updated: 30th March 2021

Description

Crofts estate agents are delighted to offer for sale with NO FORWARD CHAIN this mid terrace property located within close proximity to Grimsby town centre. An ideal purchase for a first time buyer or buy to let investor this property is ready for someone to move into and comes with viewing highly advised. Nearby there are a wide variety of local amenities and schools and internal viewing will reveal the entrance hall, lounge, dining room and kitchen all to the ground floor. To the first floor there are two bedrooms and the bathroom. Externally there are gardens to front and rear and the property also benefits from uPVC double glazing and gas central heating.

Entrance Hall
Entering the property reveals coving to the ceiling, a radiator and laminate flooring.

Lounge - 13' 7'' x 11' 5'' (4.15m x 3.48m)
The lounge has a window to the front elevation, coving to the ceiling, a radiator and laminate flooring.

Dining Room - 10' 4'' x 10' 11'' (3.15m x 3.32m)
The dining room has French doors with a window either side to the rear elevation, coving to the ceiling, a radiator and laminate flooring. There is also a storage area ideal for a fridge-freezer and access to the pantry.

Kitchen - 9' 4'' x 5' 2'' (2.84m x 1.58m)
The kitchen has a window to the rear elevation, a tiled floor and plumbing for a washing machine. There is also a range of fitted units to base and eye level with an electric oven and gas hob with extractor over.

First Floor Landing
The first floor landing has coving to the ceiling and a carpeted floor.

Bedroom One - 11' 11'' x 8' 3'' (3.62m x 2.52m)
Bedroom one has a window to the front elevation, coving to the ceiling, a radiator and laminate flooring.

Bedroom Two - 10' 11'' x 9' 1'' (3.34m x 2.77m)
Bedroom two has a window to the rear coving to the ceiling, a radiator and a carpeted floor.

Bedroom Three - 8' 1'' x 5' 9'' (2.46m x 1.74m)
Bedroom three has a window to the front coving to the ceiling, a radiator and laminate flooring. There is also built in storage.

Bathroom - 5' 9'' x 4' 9'' (1.76m x 1.46m)
The bathroom has an opaque window to the rear elevation, access to the loft, modern wall boarding, a heated towel rail and vinyl flooring. There is also a superb fitted suite with a WC, basin and P shaped bath with an electric shower over.

Outside
To the front there is a tidy low maintenance garden. The rear garden is private and a good size with a lawn and patio area all enclosed by perimeter fencing and walls.
Agent Details
Crofts Estate Agents
62, St. Peters Avenue, Cleethorpes, DN35 8HP
Show Contact Number
01472 200 666
**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.
7.2

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 good regular return.
7

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:
£2,655
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
10

Comparison with other investment alternatives

Investing in this property will give you a higher regular return, when compared to other conservative investments.
8

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

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Rental Data
3 Bedroom properties in “DN34” 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