Grimsby

Area Guide For Grimsby

Grimsby (or obsoletely Incredible Grimsby) is a vast town and seaport arranged on the South Bank of the Humber Estuary near to where it achieves the North Ocean. The town was customarily in Lincolnshire, until it was ingested into the new district of Humberside in 1974. After the abrogation of Humberside in 1996, the town was come back to Lincolnshire, and it now serves as the managerial focus of the North East Lincolnshire unitary power. There is some archeological proof of a residential community of Roman specialists sited in the region in the second century. Found on the Stream Asylum, which streamed into the Humber, this gave a perfect area to ships to haven from approaching storms. It was additionally decently arranged to endeavor the rich angling grounds in the North Ocean. Grimsby's transport administration is given by Stagecoach which assumed control over the first Grimsby-Cleethorpes Transport in 1993. Grimsby-Cleethorpes Transport had been framed in 1957, with the merger of the beforehand separate Grimsby and Cleethorpes transport (GCT) endeavors. Stagecoach had all the transports resprayed to their standard uniform to supplant the transports past shading plan of orange and white. Preceding this, the transports were painted blue and white until 1981, when the hues were changed to caramel and cream. The orange and white attire was presented in 1987. Until 1982 GCT ran a mixture of ran and one-individual worked services.[citation needed] Notwithstanding, in that year the occupation of conductor was abrogated and the organization changed totally to driver-just administrations.

 
 

Grimsby Map

Estimated Price: £136,768
Average Asking Price: £166,321
Price change in last one year: £7,744
Average Price Paid: £126,738
Average Rent Rates: £653

 
 

Property Prices Breakdown in Grimsby

Average Price for property in Grimsby is around £136,768 which varies based on type of property you are interested in and ranges from £220,669 for detached house to around £132,687 for semi-detached. Similarly terraced house is around £78,885 and a flat is worth £81,718. Values have been changing and have risen £113 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,452 in last 6 months, £7,744 in last 1 year, £12,227 in last 2 years, £12,925 in last 3 years, £9,147 in last 4 years and £7,715 in last 5 years.

Currently average asking price of a property in Grimsby is around £166,321 based on approximately 1,479 properties for sale. Same is the case with rental options based on 330 properties up for rent, average asking rent is around £653 per month.

Estimated property value in Grimsby is £136,768. Average asking price is £166,321 while average price paid is £132,733 which is up by £7,744 and Avg. asking rent £653.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Grimsby area. In last 1 year alone average price buyer paid is around £132,733 based on approximately 1,479 sales in Grimsby area alone. If you compare it to last 3 years sales of 4,373 properties where buyers paid around £127,066. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £126,738 for 7,034 and average amount paid for purchase of approx. 9,849 properties sold in last 7 years comes to about £125,755 per sale.

 
 

Properties For Sale in Grimsby

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £80,775, £106,644 for a 2 bedroom house, £119,026 for a 3 bedroom house, £233,363 for a 4 bedroom house and £357,490 for a 5 bedroom house. For a flat similarly the prices varies from £63,446 for a single bedroom to £84,743 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £83,725 and £65,000 for a 4 bedroom flat. To sum up the asking prices for properties in Grimsby it comes to around average £68,543 for 1 bedroom property, £102,138 for 2 bedroom, £118,764 for 3 bedroom, £232,587 for 4 bedroom and £357,490 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £401 for 1 bedroom to £456 for 2 bedroom, £455 for 3 bedroom and £855 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £376. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £396 and £394 for 3 bedroom. You should be generally be expecting around average £377 rent per month for single bedroom property, £436 for 2 bedroom, £455 for 3 bedroom and approximately £855 for 4 bedroom property in Grimsby area.

Popular Houses in Grimsby

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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