4 Bed Detached House, Refurb/BRRR, Scunthorpe, DN17 3LA, £325,000

4 West Street, West Butterwick, DN17 3LA - 2 years ago

Refurb/BRRR
~183 m²
+26 photos

ValuationFair Value

Sold Prices£162K - £445K
Sold Prices/m²£1.2K/m² - £4.1K/m²

 

 

Square Metres

~183.40 m²
Price/m²£1.8K/m²

Value Estimate

£325,000

 

 

End Value (After Refurb)

£324,007

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£72,684

Bridging Loan Interest

£8,531

Total Cash In

£178,915

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£324,007

Mortgage (After Refinance)

£243,005

Mortgage LTV

75%

Cash Left In

£178,915

Equity

£81,002

Rent Range

£650 - £950

Rent Estimate

£800

Running Costs/mo

£1,193

Cashflow/mo

£-393

Cashflow/yr

£-4,710

Gross Yield

3%

Local Sold Prices

16 sold prices from £162K to £445K, average is £287.5K. £1.2K/m² to £4.1K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£322.5K12/210.06 mi14, Christophers Meadow, West Butterwick, Scunthorpe, North Lincolnshire DN17 3BF4
£240K01/210.14 mi11, Ulyett Lane, West Butterwick, Scunthorpe, North Lincolnshire DN17 3LD4
£280K04/230.54 mi5, Chapel Lane, East Butterwick, Scunthorpe, North Lincolnshire DN17 3AD4
£320K08/221.52 mi2, Moorland Cottages, Beltoft, Doncaster, North Lincolnshire DN9 1NB4
£162K08/212.18 mi75, High Street, Burringham, Scunthorpe, North Lincolnshire DN17 3NE4
£280K11/212.32 miSandalwood, Main Street, Althorpe, Scunthorpe, North Lincolnshire DN17 3HT4
£237.5K11/202.35 mi1a, Church Lane, Althorpe, Scunthorpe, North Lincolnshire DN17 3HX4
£245K03/212.43 mi18, Kelsey Lane, Althorpe, Scunthorpe, North Lincolnshire DN17 3HQ4
£330K09/212.47 mi6, Hawthorne Way, Althorpe, Scunthorpe, North Lincolnshire DN17 3HA4
£380K09/232.85 mi1, Knights Close, Belton, Doncaster, North Lincolnshire DN9 1TE4
£270K02/212.86 mi9, Belwood Drive, Belton, Doncaster, North Lincolnshire DN9 1TA4
£220K10/212.86 mi6, Hilton Close, Belton, Doncaster, North Lincolnshire DN9 1TJ4
£445K01/212.95 miLynfield, King Edward Street, Belton, Doncaster, North Lincolnshire DN9 1QN4
£350K07/212.96 miThe Old School, 18, Millers Brook, Belton, Doncaster, North Lincolnshire DN9 1WA4
£295K12/202.99 mi17, Silica Crescent, Scunthorpe, North Lincolnshire DN17 2XA4
£345K11/202.99 mi16, Silica Crescent, Scunthorpe, North Lincolnshire DN17 2XA4

Local Rents

2 rents from £650/mo to £950/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£95012/240.18 miSouth Street, West Butterwick, Scunthorpe, North Lincolnshire, DN173
£65012/240.29 miNorthfield Close, West Butterwick2

Local Area Statistics

Population in DN17

37,168

Population in Scunthorpe

105,498

Town centre distance

4.71 miles away

Nearest school

0.10 miles away

Nearest train station

2.96 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £325,000

September 7, 2023

Floor Plans

Description

  • 4 bedroom detached family home +
  • Period home of over 250 years in need of sympathetic modenisation +
  • High ceilings / Delft rails +
  • Feature fireplaces +
  • Split level staircase +
  • Well placed to access local amenities +
  • A wonderful opportunity to create a family home +
  • Detached double garage +
  • Wonderful established gardens to the front and rear +
  • Viewing essential to appreciate what is on offer! +

THE PROPERTY A rare opportunity to acquire this period home of 250 years plus located in the lovely village of West Butterwick. The property is in need of sympathetic modernisation but will create a wonderful family home. With high ceilings set over three floors and split level staircase, interesting fireplaces etc the house is full of original features giving the opportunity to bring back to its original splendour! The property briefly comprises reception hallway, sitting room, dining room, kitchen, don't know room, sunroom, inner lobby/study, utility room, shower, side porch, first floor landing, bedroom, bathroom, WC, top landing, three further bedrooms. To the front there is an established front garden with driveway that leads to a detached double garage. There is access to both sides of the property taking you to the rear of the property where there is a lovely patio area and lawned garden with trees, shrubs and plants. Viewing is recommend to appreciate what is on offer!  

RECEPTION HALL Entrance door into hallway with staircase leading to split landing and bedrooms. Under stairs storage. Radiator. 

SITTING ROOM 15' 6" x 12' 9" (4.736m x 3.901m) Front facing window. Rear facing glass panelled door leading to sunroom. Open grate fire with tiled hearth and inset and decorative fireplace surround. Delft rail. Radiator. 

DINING ROOM 15' 0" x 12' 8" (4.581m x 3.879m) Double aspect windows. Delft rail. Ornamental fireplace surround. Radiator. Steps down into the kitchen. 

KITCHEN 13' 11" x 8' 11" (4.262m x 2.737m) Double aspect windows. Fitted wall and base units with drawers. Worktop incorporating a stainless steel one and half bowl single drainer sink. Halogen hob with extractor fan above. Built in separate oven and grill. Tiled splashbacks. Provision for fridge/freezer. Loft access. Radiator. 

DAY ROOM 14' 11" x 14' 4" (4.559m x 4.373m) Rear facing window, side facing arch windows and side facing French doors Rustic brick inglenook style fireplace with beam above and storage cupboard. Recessed display shelving. Steps leading up to landing. Radiator. 

SUNROOM 15' 0" x 11' 3" (4.583m x 3.454m) Wooden base with triple aspect windows with full view of the garden. Exposed brick wall. Rear door giving access to the garden. 

INNER LOBBY/STUDY 12' 0" x 10' 7" (3.664m x 3.247m) Side facing window overlooking garden. Additional side facing bow window. Built in floor to ceiling cupboards. Worcester Gas Fired Central Heating Boiler. Radiator. 

UTILITY ROOM 8' 9" x 7' 5" (2.670m x 2.270m) Rear facing window. Fitted base and wall units. Worktop incorporating a stainless steel single bowl drainer sink with tiled splashback. Provision for washing machine. Additional built-in larder cupboard with drawers under. 

SHOWER Rear facing window. Vanity sink unit with cupboard and drawer, low level WC and shower cubicle. Half tiled walls. 

SIDE/PORCH 12' 6" x 5' 8" (3.833m x 1.740m) Side facing windows and door. Tiled floor. Exposed brick walls. 

BEDROOM 3 14' 2" x 7' 3" (4.338m x 2.216m) Double aspect windows. Fitted wardrobe. Radiator. 

FIRST LANDING  

BATHROOM 10' 11" x 7' 2" (3.339m x 2.189m) Rear facing window. Vanity sink with mirror above. High level WC. Bath with hand shower over. Double shower cubicle. Fitted floor to ceiling cupboards. Radiator and heated towel rail. Half tiled walls. 

WC High level side facing window. Hand basin and low level WC. 

TOP LANDING Loft access. 

BEDROOM 1 14' 10" x 12' 2" (4.545m x 3.727m) Double aspect windows. Extensively fitted wardrobes with built-in drawers. Radiator. 

BEDROOM 2 14' 9" x 12' 7" (4.507m x 3.856m) Double aspect windows. Fitted floor to ceiling wardrobes. Radiator. 

BEDROOM 4 8' 10" x 6' 5" (2.705m x 1.961m) Front facing window. Fitted drawers and display top. Radiator. 

OUTSIDE There is a boundary wall to the front of the property. To the side there is a driveway with ample parking for several vehicles and access to a detached double garage. At the rear of the property there is a patio area and lawned garden that extends to the side. Well stocked and mature boarders. External tap and lights.

Agent Details

Keith Clough, Epworth

01427 800761

Next Steps?

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