41 Julian Street, Grimsby, South Humberside

Description

Vacant freehold end terrace house situated in a well-established and popular residential area. The property benefits from a fantastic position close to a wide range of local amenities including shops, supermarkets, cafes, and restaurants.

Accommodation

Ground floor: reception room, dining room and kitchen. First floor: two bedrooms and bathroom with WC. GIA approximately 78.50 sq m (844 sq ft).

Location

The property is situated on the north side of Julian Street. Nearby amenities include shops, supermarkets, cafes and restaurants. Nearby rail stations provide services into Manchester, Sheffield and beyond. The A180 is nearby, providing links to the M180. Weelsby Woods Country Park is to the south.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same-address completed sale at £38,000 on 2 June 2026. Other same-street freehold terraced sales range from £39,000 to £75,000, indicating substantial variation, although bedroom count and condition are not supplied. A provisional evidence-based base GDV of £52,100 is used, with low and high scenarios of £38,000 and £75,000 respectively. This is indicative only because the subject property's condition and the comparable properties' specifications are unknown.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection and full legal-pack review, with strict bidding discipline. The guide is close to the recent same-address sale, but the absence of rent and works evidence makes BTL, BRRR and flip returns unproven.

Works Required

No specific defects or required works are evidenced. A physical inspection and review of the legal pack are required before budgeting any works; no refurbishment allowance has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £35,000 guide, the indicative 75% refinance figure on the £52,100 base GDV is £39,075. However, refurbishment cost, purchase fees, finance costs and rental income are unknown, so cash-left-in and sustainable BRRR returns cannot be established. The wide comparable range creates material valuation risk.

Buy-to-Let Analysis

BTL cannot be properly assessed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Operating costs, EPC and finance costs are also unavailable. The property is vacant, so no passing rent is evidenced.

Flip Analysis

A flip assessment is inconclusive. The base GDV is estimated at £52,100, but no condition-based works budget, buyer/admin fees, finance costs or supported selling allowance is available. The exact-address sale at £38,000 shows that resale value could be materially below the base scenario.

Investor Risks & Due Diligence

• The property's condition and any required refurbishment are not disclosed.

• Same-street completed prices range widely from £39,000 to £75,000.

• No sufficiently specific rental evidence or passing rent is available.

• Buyer premium, administration charges and other seller or third-party fees are unspecified.

• EPC, council tax, parking and heating information are unavailable.

• The legal pack and special conditions may contain additional obligations or costs.

Recommendation

Proceed only subject to inspection and full legal-pack review, with strict bidding discipline. The guide is close to the recent same-address sale, but the absence of rent and works evidence makes BTL, BRRR and flip returns unproven.

Strategy Rating

Analysis Confidence

Completed sales evidence is available, including a same-address sale, but condition, accommodation details for comparables, rent, EPC, works, fees and legal-pack information are missing.