Contact Us:

+44 (0)121 2859377

info@investingnorth.co.uk

SOLD
Welhome Road, Grimsby

 

Property Address:

 

SOLD - Welhome Road
Grimsby

 

Property Details:

 
  • Front and Back Gardens
  • 3 Bedrooms
  • 2 Reception Rooms
 

Reason For Sale

 

Relocating

Financial Information:

 
  • Cashflow: £126
  • Purchase Price: £41,000
  • Estimated Refurb: £13,000
  • Estimated Value after works: £75,000
  • Market Rental: £450
  • Sourcing Fee: £3,297
  • Project Management Fee: £1,300
 

Comparables

Comparable Sale

3 Bedroom End Terrace - Asking £79 950 - Heneage road - Lovelle Bacons 

3 Bedroom Terrace - Asking £79 950 - Robert Street - Lovelle Bacons

Comparable Sold

116 Welhome Road - 3 Bedroom Terrace - 2nd April 2014 - £78 500

77 Welhome Road - 3 Bedroom Terrace - 16th December 2013 - £97 500

131 Welhome Road - 3 Bedroom Terrace - 23rd August 2013 - £93 000

Comparable Let

3 bedroom house - Donnington Street - £455pcm

3 bedroom house - Wellington Street - £450pcm

3 bedroom house - Eleanor Street - £455pcm

What do I do next?

 

  1. Carry out your own due diligence
  2. Contact us and pay £500 to reserve the property
  3. Complete and sign our sourcing agreement
  4. We will then instruct our team to commence the purchase on your behalf

We can assist you with the project management of the works and offer full management on the rental side

Regarding the cashflow calculation above, we have based this on 5% interest only mortgage at a 75% Loan to value, mortgage products change all the time so you will need to get independant advice


Contact Details:

 

Contact:

Alex Demianenko

Telephone:

+44 (0)121 285 9377

Email:

info@investingnorth.co.uk


Back to Properties