# 6 bedroom detached house for sale (DN37 0FB) ## Property Details | Key | Value | |-----|-------| | Address | 24 THE DRIVE, GRIMSBY, WALTHAM, NORTH EAST LINCOLNSHIRE DN37 0FB | | Price | £495,000 | | Floor area | 361 m² | | Last sold | £475,000 Feb 2015 | ## EPC Rating & Upgrade Cost - **Current rating:** D - **Potential rating:** C - **Expiry date:** 12/09/2024 — **EXPIRED** (no longer valid for marketing or letting) - **Current heating cost:** £2,447/year - **Est. upgrade cost to C:** £15,330 ### Recommendations - W (£800 - £1,200) - E (£230) - I (£2,200 - £3,000) - U (£9,000 - £14,000) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8724-7821-2910-3747-0996) ## Description Set well back within extensive mature private gardens which back on to Waltham Golf Club, is this substantial executive detached family residence. Individually designed and built to an exceptional standard, the property offers impressive and versatile levels of living accommodation throughout, with 6 bedrooms and 4 bathrooms set across three storey. Early viewing is encouraged in order for potential purchasers to fully appreciate this substantial home and its grounds. Comprises: Entrance porch, hallway, cloakroom, lounge, dining room, conservatory, open plan breakfast kitchen, utility room, master bedroom with dressing area and en-suite, guest bedroom with en-suite, 4 further bedrooms, bathroom, shower room, block paved driveway, double garage and mature gardens to all sides. ## Property Photos - ![Front](/listings/photos/32055036/1497609) - Front - ![Kitchen Diner](/listings/photos/32055036/1497611) - Kitchen Diner - ![Kitchen](/listings/photos/32055036/1497614) - Kitchen - ![Kitchen](/listings/photos/32055036/1497619) - Kitchen - ![Entrance Hall](/listings/photos/32055036/1497624) - Entrance Hall - ![Family Area](/listings/photos/32055036/1497627) - Family Area - ![Dining Room](/listings/photos/32055036/1497632) - Dining Room - ![Galleried Landing](/listings/photos/32055036/1497635) - Galleried Landing - ![Bedroom](/listings/photos/32055036/1497639) - Bedroom - ![En-Suite](/listings/photos/32055036/1497645) - En-Suite - ![Bedroom](/listings/photos/32055036/1497651) - Bedroom - ![Bedroom](/listings/photos/32055036/1497659) - Bedroom - ![Shower Room](/listings/photos/32055036/1497666) - Shower Room - ![Bathroom](/listings/photos/32055036/1497671) - Bathroom - ![En Suite](/listings/photos/32055036/1497676) - En Suite - ![Rear View](/listings/photos/32055036/1497680) - Rear View - ![Rear Garden](/listings/photos/32055036/1497683) - Rear Garden - ![Entrance](/listings/photos/32055036/1497684) - Entrance - ![Views](/listings/photos/32055036/1497687) - Views ## Floorplans - ![Floorplan](/listings/photos/32055036/1497690) - Floorplan ## EPC Graphs - ![EPC Rating Graph](/listings/photos/32055036/1497691) - EPC Rating Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 24 THE DRIVE, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0FB | £475,000 | 02/02/2015 | Detached | | 24 THE DRIVE, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0FB | £330,000 | 30/08/2002 | Detached | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | [Same street] 25 THE DRIVE, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0FB | £585,000 | 30/10/2024 | Detached | | 28 INGS LANE, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0HB | £795,000 | 30/06/2023 | Detached | | LANCASTER HOUSE CHEAPSIDE, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0HT | £457,500 | 08/09/2022 | Detached | | 6 BROOK LANE, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0LD | £545,000 | 29/07/2022 | Detached | | 57 INGS LANE, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0EY | £495,000 | 27/07/2022 | Detached | | 11A GOLF COURSE LANE, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0JN | £490,000 | 29/06/2022 | Detached | | 7 BROOK LANE, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0LD | £200,000 | 25/05/2022 | Detached | | FIRLANDS, 51 INGS LANE, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0EY | £400,000 | 23/05/2022 | Detached | | 1 THE GREEN, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0FH | £356,000 | 16/02/2022 | Detached | | 13 THE GREEN, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0FH | £295,000 | 27/01/2022 | Detached | | 15 THE GREEN, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0FH | £405,000 | 30/09/2021 | Detached | | 2 THE GREEN, WALTHAM, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 0FH | £335,000 | 17/08/2021 | Detached | **Street average:** £585,000 (1 sale) **Area average:** £433,955 (11 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £314,316 (32 Detached, DN37, 2024–2026) - **Deviation:** +57.5% ## Rental Range *ONS Price Index of Private Rents (North East Lincolnshire). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £561/mo - **Realistic:** £623/mo - **Optimistic:** £685/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Grimsby (Apr 2025 – Mar 2026).* ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed End Terrace, New Road, DN37 | £750/mo | 2 | 0.38 miles | OpenRent | **Average rent: £750/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.15% (weak for cashflow) - **Max investor price (0.8%):** £93,750 - **Target investor price (1%):** £75,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £750/mo).* - **Gross yield:** 1.8% - **Cost-to-rent:** 55× - **Monthly cashflow:** £-1,299/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -10.9% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. 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:** £1,371/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 40.3% - **10y growth:** 40.6% ## House Price Index (HM Land Registry) *Official index for North East Lincolnshire; Detached series; as of April 2026.* - **1y growth (index):** 0.9% - **5y growth (index):** 17.7% - **10y growth (index):** 39.4% ## 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)