For sale Terraced

17 DURBAN ROAD

GRIMSBY, NORTH EAST LINCOLNSHIRE DN32 8BD

3 beds 1 baths 1,033 sq ft Listed 23 Apr 2026 (-195d)

£94,000

Reduced on 3 Oct 2026

Save

# 3 bedroom terraced house for sale (DN32 8BD)

## Property Details

| Key | Value |
|-----|-------|
| Address | 17 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE DN32 8BD |
| Price | £94,000 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Council tax | TBC |
| Construction age | England and Wales: 1900-1929 |
| Floor area | 96 m² |
| Last sold | £95,500 Mar 2024 |

## EPC Rating & Upgrade Cost

- **Current rating:** D
- **Potential rating:** C
- **Expiry date:** 29/05/2028
- **Current heating cost:** £839/year

### Recommendations
- Q (14,000)
- W2 (6,000)
- E (50)
- G (450)
- N (6,000)
- U (8,000)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8278-7425-5960-8320-5976)

## Description

Now available to market is this incredibly generous and well maintained period property located in a popular and well thought of central Grimsby location.

Not far from the centre of Grimsby itself, this property boasts excellent transport links as well as a full spectrum of amenities in close proximity including shops, takeaways, pubs, schools and parks.

The ground floor consists of a spacious and well appointed pair of reception rooms including a bay fronted lounge and sizable sitting room. A modern fitted kitchen with adjacent pantry then leads into a cleverly designed rear utility area which also boasts a separate downstairs W/C for added convenience.

The first floor accommodation comprises three well proportioned bedrooms as well as a stylish and modern family bathroom inclusive of a three piece suite.

The entire property is sizable, warm and welcoming with the kind of space and character frequently associated with this style of terrace housing. This would suit as a fantastic first time by or lucrative buy to let investment.

The entire home benefits from modern gas central heating as well as PVC double glazing throughout.

This agent would highly recommend internal viewings to fully appreciate all that it has to offer.

## Property Photos

- ![Picture No. 02](/listings/photos/174850736/2622163) - Picture No. 02
- ![Picture No. 13](/listings/photos/174850736/2622164) - Picture No. 13
- ![Picture No. 11](/listings/photos/174850736/2622165) - Picture No. 11
- ![Picture No. 08](/listings/photos/174850736/2622166) - Picture No. 08
- ![Picture No. 12](/listings/photos/174850736/2622167) - Picture No. 12
- ![Picture No. 15](/listings/photos/174850736/2622168) - Picture No. 15
- ![Picture No. 07](/listings/photos/174850736/2622169) - Picture No. 07
- ![Picture No. 01](/listings/photos/174850736/2622170) - Picture No. 01
- ![Picture No. 14](/listings/photos/174850736/2622171) - Picture No. 14
- ![Picture No. 10](/listings/photos/174850736/2622172) - Picture No. 10
- ![Picture No. 04](/listings/photos/174850736/2622173) - Picture No. 04
- ![Picture No. 05](/listings/photos/174850736/2622174) - Picture No. 05
- ![Picture No. 06](/listings/photos/174850736/2622175) - Picture No. 06
- ![Picture No. 09](/listings/photos/174850736/2622176) - Picture No. 09
- ![Picture No. 17](/listings/photos/174850736/2622177) - Picture No. 17
- ![Picture No. 16](/listings/photos/174850736/2622178) - Picture No. 16

## Floorplans

- ![Picture No. 19](/listings/photos/174850736/2622179) - Picture No. 19

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/174850736/2622180) - EPC Rating Graph

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 17 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD | £95,500 | 22/03/2024 | Semi-detached |
| 17 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD | £76,000 | 02/11/2018 | Semi-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 |
|---------|-------|------|------|
| 10 BULLER STREET, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BL | £85,000 | 16/12/2025 | Terraced |
| 313 CONVAMORE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9HY | £75,000 | 21/11/2025 | Terraced |
| 450 WEELSBY STREET, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8DJ | £72,500 | 19/11/2025 | Terraced |
| 85 HUMBERSTONE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8DP | £92,000 | 10/10/2025 | Terraced |
| 35 COLUMBIA ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8EA | £90,000 | 09/10/2025 | Terraced |
| 46 COOPER ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8DF | £63,000 | 24/09/2025 | Terraced |
| 306 CONVAMORE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9HY | £53,000 | 29/08/2025 | Terraced |
| 10 LADYSMITH ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9EF | £65,000 | 11/07/2025 | Terraced |
| 18 COLUMBIA ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8EA | £68,500 | 16/05/2025 | Terraced |
| 260 CONVAMORE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9HY | £72,500 | 25/04/2025 | Terraced |
| 260 CONVAMORE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9HY | £35,000 | 03/02/2025 | Terraced |
| 93 LADYSMITH ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9EQ | £74,000 | 28/06/2024 | Terraced |
| [Same street] 11 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD | £68,000 | 25/06/2024 | Terraced |
| 33 JULIAN STREET, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BG | £39,000 | 14/12/2023 | Terraced |
| 242 CONVAMORE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9HX | £66,500 | 16/11/2023 | Terraced |
| 42 COOPER ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8DF | £92,950 | 30/10/2023 | Terraced |
| 449 WEELSBY STREET, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BE | £79,000 | 20/10/2023 | Terraced |
| 84 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BA | £60,000 | 16/10/2023 | Terraced |
| 12 BULLER STREET, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BL | £78,000 | 29/09/2023 | Terraced |
| 293 CONVAMORE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9HY | £44,000 | 29/09/2023 | Terraced |
| 71 LADYSMITH ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9EG | £62,000 | 21/09/2023 | Terraced |
| [Same street] 70 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD | £82,000 | 13/02/2023 | Terraced |
| [Same street] 37 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD | £65,000 | 08/12/2022 | Terraced |
| [Same street] 33 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD | £80,000 | 30/09/2022 | Terraced |
| [Same street] 42 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD | £90,000 | 20/09/2022 | Terraced |
| [Same street] 18 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD | £75,000 | 04/05/2022 | Terraced |
| [Same street] 41 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD | £62,000 | 15/02/2022 | Terraced |

**Street average:** £74,571 (7 sales)
**Area average:** £68,348 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £78,611 (113 Terraced, DN32, 2024–2026)
- **Deviation:** +19.6%

## Rental Range

*ONS Price Index of Private Rents (North East Lincolnshire). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £586/mo
- **Realistic:** £651/mo
- **Optimistic:** £716/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 |
|------|------|------|------|------|
| [Cooper Road, Grimsby](http://87.117.209.195:8080/listings/f340cd5) | £750/mo | 3 | 0.06 miles | Rightmove |
| [Weelsby Street, Grimsby, DN32](http://87.117.209.195:8080/listings/fa81637) | £650/mo | 3 | 0.09 miles | Rightmove |
| [Donnington Street, Grimsby, Lincolnshire, DN32](http://87.117.209.195:8080/listings/9bee35c) | £695/mo | 3 | 0.13 miles | Rightmove |
| [Buller Street, Grimsby](http://87.117.209.195:8080/listings/f1898a6) | £800/mo | 3 | 0.13 miles | Rightmove |
| [Humberstone Road, Grimsby, DN32](http://87.117.209.195:8080/listings/8dbaa22) | £650/mo | 3 | 0.16 miles | Rightmove |
| 3 Bed Terraced House, Convamore Road, DN32 | £695/mo | 3 | 0.18 miles | OpenRent |
| 3 Bed Terraced House, Humberstone Road, DN32 | £750/mo | 3 | 0.18 miles | OpenRent |
| [Fraser Street, Grimsby](http://87.117.209.195:8080/listings/8ed1123) | £550/mo | 3 | 0.19 miles | Rightmove |
| [Humberstone Road, Grimsby](http://87.117.209.195:8080/listings/fb0b38c) | £825/mo | 3 | 0.19 miles | Rightmove |
| [Fraser Street, Grimsby](http://87.117.209.195:8080/listings/2d29c31) | £625/mo | 3 | 0.21 miles | Rightmove |
| [Edward Street, Grimsby](http://87.117.209.195:8080/listings/88e4d7c) | £600/mo | 3 | 0.25 miles | Rightmove |
| [Edward Street, Grimsby](http://87.117.209.195:8080/listings/932a0de) | £600/mo | 3 | 0.25 miles | Rightmove |
| [Roberts Street, Grimsby](http://87.117.209.195:8080/listings/fb6a51c) | £695/mo | 3 | 0.27 miles | Rightmove |
| [Granville St, Grimsby, DN32](http://87.117.209.195:8080/listings/3495dbb) | £695/mo | 3 | 0.32 miles | Rightmove |
| [Weelsby Street, Grimsby, DN32](http://87.117.209.195:8080/listings/8331928) | £625/mo | 3 | 0.33 miles | Rightmove |
| 3 Bed Terraced House, Durban Road, DN32 | £675/mo | 3 | 0.34 miles | OpenRent |
| [Patrick Street, Grimsby](http://87.117.209.195:8080/listings/c4d3451) | £695/mo | 3 | 0.37 miles | Rightmove |
| 3 Bed Terraced House, Harold St, DN32 | £700/mo | 3 | 0.4 miles | OpenRent |
| 3 Bed Terraced House, Weelsby St, DN32 | £750/mo | 3 | 0.43 miles | OpenRent |
| 3 Bed Terraced House, Stanley Street, DN32 | £800/mo | 3 | 0.46 miles | OpenRent |

**Average rent: £715/mo (32 listings)**

## 1% Rule

- **Rent ratio:** 0.74% (weak for cashflow)
- **Max investor price (0.8%):** £86,875
- **Target investor price (1%):** £69,500

*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 £695/mo).*

- **Gross yield:** 8.9%
- **Cost-to-rent:** 11.3×
- **Monthly cashflow:** £230/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 10.1%

*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:** £979/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 2.5%
- **10y growth:** 33.4%

## House Price Index (HM Land Registry)

*Official index for North East Lincolnshire; Terraced series; as of August 2026.*

- **1y growth (index):** 5%
- **5y growth (index):** 9.6%
- **10y growth (index):** 38.4%

## 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)

Picture No. 02 Picture No. 13 Picture No. 11 Picture No. 08 Picture No. 12 Picture No. 15 Picture No. 07 Picture No. 01 Picture No. 14 Picture No. 10 Picture No. 04 Picture No. 05 Picture No. 06 Picture No. 09 Picture No. 17 Picture No. 16

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Property details

Tenure

FREEHOLD

Floor area

96 m²

Council tax band

TBC

EPC rating

Year built

England and Wales: 1900-1929

Last sold

£95,500 Mar 2024

Price per m²

£979/m²

Local average

£78,611 (+19.6%)

Deprivation

Decile 1 (145 of 33,755)

Street crime

885 incidents within 1 mile (Aug 2026)

Key features

Spacious Mid-Terrace Home
Central Grimsby Location
3 Bedrooms
2 Reception Rooms
Modern Fitted Kitchen and Bathroom
PVC Double Glazing and Gas Central Heating
Large loft hatch with collapsible ladder
Council Tax Band A
EPC Grade D

Description

Now available to market is this incredibly generous and well maintained period property located in a popular and well thought of central Grimsby location.

Not far from the centre of Grimsby itself, this property boasts excellent transport links as well as a full spectrum of amenities in close proximity including shops, takeaways, pubs, schools and parks.

The ground floor consists of a spacious and well appointed pair of reception rooms including a bay fronted lounge and sizable sitting room. A modern fitted kitchen with adjacent pantry then leads into a cleverly designed rear utility area which also boasts a separate downstairs W/C for added convenience.

The first floor accommodation comprises three well proportioned bedrooms as well as a stylish and modern family bathroom inclusive of a three piece suite.

The entire property is sizable, warm and welcoming with the kind of space and character frequently associated with this style of terrace housing. This would suit as a fantastic first time by or lucrative buy to let investment.

The entire home benefits from modern gas central heating as well as PVC double glazing throughout.

This agent would highly recommend internal viewings to fully appreciate all that it has to offer.

Listed by

Covering Grimsby

Relocation Estates Ltd

Reference: 174850736

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: C

Inspection date: 30/05/2018

Expiry date: 29/05/2028

Current heating cost: £839/year

Potential heating cost: £653/year

EPC D or below may face future regulation risk. Upgrading to C could improve long-term ROI.

Recommendations

50 mm internal or external wall insulation (14,000)
Floor insulation (solid floor) (6,000)
Low energy lighting for all fixed outlets (50)
Upgrade heating controls (450)
Solar water heating (6,000)
Solar photovoltaic panels, 2.5 kWp (8,000)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Registered land (INSPIRE)

INSPIRE registered land data is not available for this location yet.

Floorplans

Picture No. 19

EPC Graphs

EPC Rating Graph

Price history

26% since 2018

Event	Date	Price	% change
Listed for sale	—	£94,000	-1.6%
Sold	22/03/2024 (2 years ago)	£95,500	+25.7%
Sold	02/11/2018 (8 years ago)	£76,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
10 BULLER STREET, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BL	£85,000	16/12/2025	Terraced
313 CONVAMORE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9HY	£75,000	21/11/2025	Terraced
450 WEELSBY STREET, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8DJ	£72,500	19/11/2025	Terraced
85 HUMBERSTONE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8DP	£92,000	10/10/2025	Terraced
35 COLUMBIA ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8EA	£90,000	09/10/2025	Terraced
46 COOPER ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8DF	£63,000	24/09/2025	Terraced
306 CONVAMORE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9HY	£53,000	29/08/2025	Terraced
10 LADYSMITH ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9EF	£65,000	11/07/2025	Terraced
18 COLUMBIA ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8EA	£68,500	16/05/2025	Terraced
260 CONVAMORE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9HY	£72,500	25/04/2025	Terraced
260 CONVAMORE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9HY	£35,000	03/02/2025	Terraced
93 LADYSMITH ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9EQ	£74,000	28/06/2024	Terraced
Same street 11 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD	£68,000	25/06/2024	Terraced
33 JULIAN STREET, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BG	£39,000	14/12/2023	Terraced
242 CONVAMORE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9HX	£66,500	16/11/2023	Terraced
42 COOPER ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8DF	£92,950	30/10/2023	Terraced
449 WEELSBY STREET, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BE	£79,000	20/10/2023	Terraced
84 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BA	£60,000	16/10/2023	Terraced
12 BULLER STREET, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BL	£78,000	29/09/2023	Terraced
293 CONVAMORE ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9HY	£44,000	29/09/2023	Terraced
71 LADYSMITH ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 9EG	£62,000	21/09/2023	Terraced
Same street 70 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD	£82,000	13/02/2023	Terraced
Same street 37 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD	£65,000	08/12/2022	Terraced
Same street 33 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD	£80,000	30/09/2022	Terraced
Same street 42 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD	£90,000	20/09/2022	Terraced
Same street 18 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD	£75,000	04/05/2022	Terraced
Same street 41 DURBAN ROAD, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN32 8BD	£62,000	15/02/2022	Terraced

Street average: £74,571 (7 sales)

Area average: £68,348 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 2.5%

10y growth 33.4%

House Price Index (HM Land Registry — official index, not sold-price averages): North East Lincolnshire. Series: Terraced. As of August 2026.

1y (index) 5%

5y (index) 9.6%

10y (index) 38.4%

Rental Range

Estimated market rent for North East Lincolnshire. Low = conservative, Realistic = average, Optimistic = best case.

Low £586/mo

Realistic £651/mo

Optimistic £716/mo

Based on Local Authority from postcode lookup → North East Lincolnshire.

LHA (30th percentile) floor for Grimsby: £520/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View DN32 8BD

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Durban Road	0.0 miles
Bus stop	Weelsby Street South	0.0 miles
Shop	Aphrodite tanning	0.1 miles
Shop	CJ's Supermarket (Premier)	0.1 miles
Train station	Grimsby Town	0.8 miles
Train station	New Clee	0.8 miles
Hospital	St Hughs	0.9 miles
Hospital	Harrison House	0.9 miles
University	University Centre (University of Hull)	1.1 miles
University	University Centre Grimsby	1.2 miles

Street-level crime

Category	Count
Violence and sexual offences	269
Shoplifting	160
Public order	84
Criminal damage and arson	83
Anti-social behaviour	55
Burglary	55
Drugs	42
Other theft	39
Vehicle crime	33
Other crime	32
Robbery	18
Bicycle theft	9
Possession of weapons	5
Theft from the person	1
Total incidents	885

Within 1 mile during Aug 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Edward Heneage Primary Academy	Primary	0.3 miles	Good — 11 Jun 2019
Welholme Academy	Primary	0.3 miles	Good — 12 Jul 2017
Saint Mary's Catholic Voluntary Academy	Primary	0.4 miles	Good — 23 Jun 2024
Special Educational Needs Support Service (Senss)	Other	0.4 miles	— (No rating)
Phoenix Park Academy	Other	0.4 miles	Good — 18 Jan 2018

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
Cooper Road, Grimsby	£750/mo	3	0.06 miles	Rightmove
Weelsby Street, Grimsby, DN32	£650/mo	3	0.09 miles	Rightmove
Donnington Street, Grimsby, Lincolnshire, DN32	£695/mo	3	0.13 miles	Rightmove
Buller Street, Grimsby	£800/mo	3	0.13 miles	Rightmove
Humberstone Road, Grimsby, DN32	£650/mo	3	0.16 miles	Rightmove
3 Bed Terraced House, Convamore Road, DN32	£695/mo	3	0.18 miles	OpenRent
3 Bed Terraced House, Humberstone Road, DN32	£750/mo	3	0.18 miles	OpenRent
Fraser Street, Grimsby	£550/mo	3	0.19 miles	Rightmove
Humberstone Road, Grimsby	£825/mo	3	0.19 miles	Rightmove
Fraser Street, Grimsby	£625/mo	3	0.21 miles	Rightmove
Edward Street, Grimsby	£600/mo	3	0.25 miles	Rightmove
Edward Street, Grimsby	£600/mo	3	0.25 miles	Rightmove
Roberts Street, Grimsby	£695/mo	3	0.27 miles	Rightmove
Granville St, Grimsby, DN32	£695/mo	3	0.32 miles	Rightmove
Weelsby Street, Grimsby, DN32	£625/mo	3	0.33 miles	Rightmove
3 Bed Terraced House, Durban Road, DN32	£675/mo	3	0.34 miles	OpenRent
Patrick Street, Grimsby	£695/mo	3	0.37 miles	Rightmove
3 Bed Terraced House, Harold St, DN32	£700/mo	3	0.4 miles	OpenRent
3 Bed Terraced House, Weelsby St, DN32	£750/mo	3	0.43 miles	OpenRent
3 Bed Terraced House, Stanley Street, DN32	£800/mo	3	0.46 miles	OpenRent

Average rent: £715/mo (32 listings)

Rent-driven metrics

Based on OpenRent comparables.

This street 10.5% gross yield avg £77,188 sale, £675/mo rent

Rent ratio 0.74%

Max investor price (0.8%) £86,875

Target investor price (1%) £69,500

Gross yield 8.9%

Cost-to-rent ratio 11.3×

Monthly cashflow £230/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 10.1%

This street — Gross yield for this street only (Land Registry sales + rental comparables, same postcode + street).
Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus 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).