# 3 bedroom semi-detached house for rent (DN37 8NJ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 1 NEW COTTAGES, GRIMSBY, RIBY, LINCOLNSHIRE DN37 8NJ |
| Price | £850 pcm |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Council tax | A |
| Construction age | England and Wales: 1950-1966 |
| Floor area | 72 m² |
| Last sold | £138,000 Jun 2008 |

## EPC Rating & Upgrade Cost

- **Current rating:** F
- **Potential rating:** D
- **Expiry date:** 14/05/2033
- **Current heating cost:** £1,477/year
- **Est. upgrade cost to C:** £16,155

### Recommendations
- W2 (£4,000 - £6,000)
- N (£4,000 - £6,000)
- Y (£585 - £725)
- X (£1,000)
- U (£3,500 - £5,500)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/4837-2725-3200-0565-6296)

## Description

This well-presented three-bedroom home has undergone a partial refurbishment and offers fresh, modern living throughout. Improvements include a newly fitted kitchen complete with oven/hob and extractor, together with new décor and flooring throughout the property (apart from the kitchen) Accommodation comprises; spacious reception room featuring electric fire, three good-sized bedrooms, a family bathroom with shower over the bath, and the added convenience of a ground floor WC.

Externally, the property benefits from a generous driveway and an enclosed rear garden, which is currently being seeded and fenced. The rear garden enjoys open views overlooking surrounding fields, creating a pleasant and peaceful setting. **Air source heating pending installation**. Deposit £980. EER (tbc) following the improvement work.  Available now

## Property Photos

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## Rental Range

*ONS Price Index of Private Rents (West Lindsey). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £670/mo
- **Realistic:** £744/mo
- **Optimistic:** £818/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Grimsby (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £520/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| [New Cottage, Riby, Lincolnshire DN37 8NJ](http://87.117.209.195:8080/listings/35c91e4) | £850/mo | 3 | 0 miles | Rightmove |
| [Blyth Way, Laceby, DN37](http://87.117.209.195:8080/listings/22524e9) | £950/mo | 3 | 1.66 miles | Rightmove |
| [St Nicholas Drive, Grimsby, DN37](http://87.117.209.195:8080/listings/e7bbd96) | £950/mo | 3 | 2.98 miles | Rightmove |
| [Timberley Drive, Wybers Wood, DN37](http://87.117.209.195:8080/listings/217622a) | £900/mo | 3 | 3.2 miles | Rightmove |
| [Cromwell Road, Grimsby](http://87.117.209.195:8080/listings/46fd1b3) | £700/mo | 3 | 3.75 miles | Rightmove |
| [Loft Avenue, Grimsby](http://87.117.209.195:8080/listings/7218f72) | £750/mo | 3 | 3.9 miles | Rightmove |
| [Woodhall Drive, Waltham, DN37](http://87.117.209.195:8080/listings/4ee659c) | £900/mo | 3 | 4.92 miles | Rightmove |
| [Chestnut Road, Waltham](http://87.117.209.195:8080/listings/9aac6c7) | £1,000/mo | 3 | 5.16 miles | Rightmove |
| [Brian Avenue, Waltham, Grimsby](http://87.117.209.195:8080/listings/e506c3f) | £825/mo | 3 | 5.19 miles | Rightmove |

**Average rent: £869/mo (9 listings)**

## Rent-driven metrics

*Based on OpenRent comparables (median £900/mo).*

- **Gross yield:** 1270.6%
- **Monthly cashflow:** £782/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 3805.2%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £12/m²

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)