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2 Bed Terraced House For Sale Donnington Street, Grimsby, DN32

£69,950- Terraced

Yield: 7.29%
1 of 11
Yield: 7.29%
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  • Rental Guide: £350 - £425
  • 2 Bedroom(s)
  • Description
  • Street View
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Key Features

  • Tenure: Freehold
  • Mid Terrace Home
  • 2 Bedrooms
  • 2 Reception Rooms
  • No Forward Chain
  • Ideal Investment
  • Well Presented
  • Grimsby Location
  • Viewing Essential
  • Epc Rating - D
Last Updated: 7th April 2021

Description

Situated close to Grimsby Town centre is this spacious and well-presented mid terrace home. Offered for sale with NO FORWARD CHAIN, the property is an ideal opportunity for investment or first-time buyers.

Living accommodation comprises of: Entrance Hallway, Lounge, Dining Room, fitted Kitchen, 2 Bedrooms and Bathroom suite.

Outside, there is a low maintenance rear garden. The property benefits from full uPVC double glazing and Gas Central heating system.

Donnington Street is within walking distance of amenities, including bus routes, shops and schools.


ENTRANCE HALL

LOUNGE 13'7" x 9'7" (4.14m x 2.92m). into bay x max

DINING ROOM 13'2" x 11'5" (4.01m x 3.48m).

KITCHEN 13'8" x 7'10" (4.17m x 2.39m).

FIRST FLOOR LANDING

BEDROOM 1 12'11" x 12'10" (3.94m x 3.91m). max x max

BEDROOM 2 13'1" x 9'8" (3.99m x 2.95m). max x max

BATHROOM 10' x 7'10" (3.05m x 2.39m).

COUNCIL TAX BAND - A
Agent Details
Pygott & Crone
22, South St. Marys Gate, Grimsby, DN31 1LQ
Show Contact Number
01472 264 960
**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

Very good rental demand in this area.
Compared to other property investments this gives an average regular return.
6

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:
£2,099
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.
7

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.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
2 bedroom properties in close proximity are mostly listed £350 - £425 – 8 recently listed properties were found in that band. However, the highest were £560, £465, £460.

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