2-bedroom house · DN37 0FF
Sold STCListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the highly sought-after village of Waltham, this attractive newly built two-bedroom end-terrace home is available through a shared ownership scheme, providing an excellent opportunity for first-time buyers, downsizers, or those seeking an affordable route onto the property ladder.
The accommodation is thoughtfully designed and comprises a welcoming lounge, a modern fitted kitchen complete with integrated oven, hob and extractor hood, and a convenient ground floor WC.
To the first floor are two well-proportioned bedrooms and a contemporary family bathroom.
Externally, the property benefits from a fully enclosed rear garden, ideal for outdoor relaxation and entertaining, together with an allocated off-road parking space.
Offering modern, low-maintenance living in a popular residential location, this home represents an excellent opportunity to secure a quality property in the desirable village of Waltham.
Accommodation Lounge Kitchen WC Two Bedrooms Bathroom Enclosed Rear Garden Off Road Parking Space Location The popular village of Waltham is positioned approximately 4 miles south of Grimsby in North East Lincolnshire.
The village landmarks include Waltham windmill, and there is also public houses in the village whilst Grimsby is a short drive away.
Shared Ownership The price of £42,500 is for a 25% share in the property, with other share amounts available subject to affordability.
Based on a 25% share, there is a monthly rent of £292.19, and monthly service charge of £28.99. Interested parties are requested to complete a short financial assessment prior to application.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 2, Magpie Close, Grimsby
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