3 Bed Bungalow, Refurb/BRRR, Scunthorpe, DN17 4EW, £220,000

27 JOHNSONS LANE, CROWLE, DN17 4EW - 5 views - a year ago

Sold STC
Refurb/BRRR
Planning
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£90K - £460K
Sold Prices/m²£1.2K/m² - £5.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£173,080

 

 

End Value (After Refurb)

£200,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£36,857

Bridging Loan Interest

£5,775

Total Cash In

£107,182

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£200,000

Mortgage (After Refinance)

£150,000

Mortgage LTV

75%

Cash Left In

£107,182

Equity

£50,000

Rent Range

£425 - £975

Rent Estimate

£579

Running Costs/mo

£761

Cashflow/mo

£-182

Cashflow/yr

£-2,182

Gross Yield

3%

Local Sold Prices

35 sold prices from £90K to £460K, average is £174K. £1.2K/m² to £5.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£215K03/210 mi7b, Johnsons Lane, Crowle, Scunthorpe, North Lincolnshire DN17 4EW3
£127.5K01/210.08 mi69, Windsor Road, Crowle, Scunthorpe, North Lincolnshire DN17 4EL3
£245K08/210.1 mi9, Potts Lane, Crowle, Scunthorpe, North Lincolnshire DN17 4DT3
£170K10/210.12 mi25, Windsor Crescent, Crowle, Scunthorpe, North Lincolnshire DN17 4EN3
£160K08/210.14 mi36, Queens Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4DL3
£190K10/210.14 mi19, Queens Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4DL3
£165K11/200.14 mi11, Queens Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4DL3
£132.5K04/210.14 mi10, Queens Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4DL3
£172.5K01/230.14 mi39, Queens Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4DL3
£179K04/210.14 mi2, Queens Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4DL3
£169.9K01/210.14 mi27, Queens Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4DL3
£112.5K11/220.15 mi15, Printing Office Lane, Crowle, Scunthorpe, North Lincolnshire DN17 4FL3
£90K04/210.15 mi6, Church Lane, Crowle, Scunthorpe, North Lincolnshire DN17 4LQ3
£245K01/230.17 mi44, Fieldside, Crowle, Scunthorpe, North Lincolnshire DN17 4HH3
£102K10/200.18 mi31, High Street, Crowle, Scunthorpe, North Lincolnshire DN17 4LD3
£120K02/210.18 mi8, Crowland Road, Crowle, Scunthorpe, North Lincolnshire DN17 4DY3
£163.5K11/200.21 mi80, Windsor Road, Crowle, Scunthorpe, North Lincolnshire DN17 4EF3
£117K07/210.21 mi95, Windsor Road, Crowle, Scunthorpe, North Lincolnshire DN17 4EF3
£200K06/210.23 mi22, North Street, Crowle, Scunthorpe, North Lincolnshire DN17 4NE3
£230K05/210.27 mi46, Godnow Road, Crowle, Scunthorpe, North Lincolnshire DN17 4EA3
£215K02/230.28 mi3, Cox Lane, Crowle, Scunthorpe, North Lincolnshire DN17 4NG3
£206K03/210.32 mi30, Wharf Road, Crowle, Scunthorpe, North Lincolnshire DN17 4HS3
£164K05/230.32 mi27a, Wharf Road, Crowle, Scunthorpe, North Lincolnshire DN17 4HS3
£174K10/220.33 mi18, Saffron Way, Crowle, Scunthorpe, North Lincolnshire DN17 4GL3
£177.5K08/230.33 mi4, Saffron Way, Crowle, Scunthorpe, North Lincolnshire DN17 4GL3
£100K02/210.34 mi1, Low Cross Street, Crowle, Scunthorpe, North Lincolnshire DN17 4NA3
£216.5K07/230.38 mi1, Cross Slack, Crowle, Scunthorpe, North Lincolnshire DN17 4LY3
£460K06/230.4 mi89, Godnow Road, Crowle, Scunthorpe, North Lincolnshire DN17 4EE3
£260K06/210.45 mi9, Kesteven Grove, Crowle, Scunthorpe, North Lincolnshire DN17 4NX3
£155K02/210.45 mi42b, Eastoft Road, Crowle, Scunthorpe, North Lincolnshire DN17 4LR3
£167.5K05/210.48 mi42a, Eastoft Road, Crowle, Scunthorpe, North Lincolnshire DN17 4LR3
£340K10/230.49 mi36, Westbourne Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4HX3
£268K01/210.5 mi43, Wharf Road, Crowle, Scunthorpe, North Lincolnshire DN17 4HU3
£188K04/210.5 mi64, Wharf Road, Crowle, Scunthorpe, North Lincolnshire DN17 4HU3
£222K12/200.5 mi22, Isle Close, Crowle, Scunthorpe, North Lincolnshire DN17 4NR3

Local Rents

15 rents from £425/mo to £975/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£80010/240.11 mi-3
£80003/250.11 mi-3
£85003/250.14 mi-3
£42502/250.15 mi-1
£47502/240.18 mi-1
£47502/240.18 mi-1
£47507/240.18 mi-1
£52512/240.2 miFieldside, Crowle1
£90009/240.2 mi-3
£43011/230.2 mi-1
£77505/240.25 mi-2
£97504/250.28 mi-3
£62512/240.31 miHolme Stead Court, Crowle2
£75012/240.42 mi-3
£85008/241.2 mi-3

Local Area Statistics

Population in DN17

37,168

Population in Scunthorpe

105,498

Town centre distance

7.73 miles away

Nearest school

0.10 miles away

Nearest train station

1.38 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £220,000

February 27, 2024

Description

  • ATTENTION - a Rare opportunity for renovation! +
  • 3 bedroom detached bungalow +
  • Dining kitchen / living room +
  • 3 bedrooms / Wet room +
  • Large gardens to the front and rear +
  • Single garage +
  • Solid fuel central heating. +
  • With vacant possession! +
  • NO CHAIN! +
  • Contact Agents for arrange a viewing! +

THE PROPERTY ATTENTION! REDUCED FOR QUICK SALE!
Outstanding and rare opportunity to renovate a sizable bungalow back to an amazing family home or extend outwards and upwards with the scope to create a substantial property positioned on a sizable plot. (With correct planning permissions gained). Briefly comprising reception hall, living room, 3 bedrooms, wet room and dining kitchen. Single detached garage. The property is set in its own private grounds. The property is surrounded by large gardens. Solid fuel central heating. Crowle is well positioned for all local amenities to include doctors, various shops and eating outlets. Viewing is highly recommended to appreciate what is on offer! Contact Agents for a viewing!
 

RECEPTION HALL Entrance door leading into the L-shaped hallway. Built in floor to ceiling storage. Radiator. 

LIVING ROOM 18' 8" x 11' 5" (5.695m x 3.486m) Front facing bay window and additional side facing window. Tiled fireplace surround and hearth with multi stove with back boiler. Television point. Radiator. 

BEDROOM 1 14' 11" x 11' 1" (4.551m x 3.385m) Front facing bay window. Radiator. 

BEDROOM 2 11' 1" x 7' 10" (3.385m x 2.397m) Rear facing window. 

BEDROOM 3 9' 0" x 8' 9" (2.753m x 2.690m) Front facing window. 

WET ROOM 8' 7" x 5' 5" (2.630m x 1.663m) Rear facing window. Pedestal WC and hand wash basin. Shower. Radiator. 

KITCHEN/DINER 17' 9" x 9' 11" (5.428m x 3.025m) Rear facing windows. Side facing French doors. Fitted base units with drawers. Worktop incorporating stainless steel single drainer. Wall units and floor to ceiling cupboards and provision for washing machine. Radiator. 

OUTSIDE The property is set in its own private grounds. To the front there is a driveway that leads to the attached single garage. There is a wall and iron railing that forms the front boundary with personal gate. The land to the front side and rear would make for lovely gardens. At the rear of the property there is a large garden offering potential to create a lawned area and patio. The garden will be enclosed with a wooden panelled fence boundary in due course.

Agent Details

Keith Clough, Epworth

01427 800761

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪