This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
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£50,000
3 bedroom Mid Terrace House for sale, Corporation Road, Grimsby, Lincolnshire, DN31
Features and Description
- Clear refurbishment and value-add potential
- Projected 15.6% gross rental yield
- Estimated £650 pcm rental income
- No forward chain sale
- Three good-sized bedrooms
- Short distance to Grimsby town centre
- Close to shops and supermarkets
- Accessible rail links from Grimsby Town
- Near schools, parks and amenities
- Ideal investment or project property
This three-bedroom terraced house is offered for sale and requires renovation, presenting a clear refurbishment opportunity for buyers seeking a project. The accommodation currently includes one reception room, a kitchen and a bathroom, together with three bedrooms. The property has an EPC rating of E and falls within Council Tax Band A. It is noted as a mid-terrace with potential for an estimated rental income of £650 per calendar month once works are completed, and an indicated gross yield of 15.6%. The property is offered with no forward chain.
Situated in Grimsby, the house is well placed for access to the town centre, which offers a range of shops, supermarkets, and everyday amenities. Grimsby’s main high street and Freshney Place Shopping Centre provide further retail and leisure options, with cafés, restaurants and services available nearby.
The wider area includes a variety of primary and secondary schools, along with parks and open spaces around the town, providing recreational opportunities. This property may appeal to purchasers looking for a project in Grimsby with scope to add value through improvement works.
Location
Corporation Road is an Established residential location that runs between the A16 and Boulevard Avenue in Grimsby DN31. Grimsby is a large town and sea port located in North East Lincolnshire on the south bank of the Humber estuary and in close proximity to the Lincolnshire Wolds which is an area of outstanding natural beauty. Boasting transport links to the A180, A46 and A16 and with direct rail links to Lincoln, Doncaster, Sheffield and Manchester. It benefits from being located only 14 miles away from Humberside airport. The town is served by a plethora of major retailers in the Freshney Place indoor shopping area which recently ranked in the top 10 town shopping centres in the UK. There are numerous retail parks which are within close proximity to the town centre providing further retail. Education is well catered for with numerous primary and secondary schools and also higher education establishments such as The Grimsby Institute and Franklin College. Grimsby is only a short distance away from the seaside resort of Cleethorpes with its vibrant nightlife, cafe culture and numerous attractions.
Living Room
10'3" x 11'5" (3.12m x 3.48m)
Dining Area
10'7" x 12'5" (3.23m x 3.78m)
Kitchen
8'0" x 14'0" (2.44m x 4.27m)
Bedroom 1
10'3" x 11'4" (3.12m x 3.45m)
Bedroom 2
12'7" x 8'7" (3.84m x 2.62m)
Bedroom 3
8'0" x 14'0" (2.44m x 4.27m)
Bathroom
5'5" x 5'5" (1.65m x 1.65m)
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Corporation Road, Grimsby, Lincolnshire, DN31
Additional Information
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Property refGRI250479
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EPCE
-
TenureFreehold
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Council TaxA
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Local authorityNorth East Lincolnshire County Council
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Reeds Rains Estate Agents Grimsby
Reeds Rains Grimsby
6 Bethlehem Street, Grimsby, DN31 1JU
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
Disabled access available
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Borrowing £45,000 and repaying over 25 years with a 2.5% interest rate.
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Living Room
10'3" x 11'5" (3.12m x 3.48m)
Dining Area
10'7" x 12'5" (3.23m x 3.78m)
Kitchen
8'0" x 14'0" (2.44m x 4.27m)
Bedroom 2
12'7" x 8'7" (3.84m x 2.62m)
Bedroom 3
8'0" x 14'0" (2.44m x 4.27m)
Bathroom
5'5" x 5'5" (1.65m x 1.65m)
The pin shows the exact address of the property
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
54Potential
77CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs