2 Bed Semi-Detached House, Single Let, Scunthorpe, DN17 3LF, £115,000

87 Parklands West, Butterwick, UK - 3 views - a year ago

Under Offer

BTL

ROI: 5%

58 m²

+5 photos

ValuationUndervalued

Sold Prices	£60K - £250K
Sold Prices/m²	£1.3K/m² - £4.2K/m²

Square Metres	58.10 m²
Price/m²	£2K/m²
Value Estimate	£143,750£143,750
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£28,750£28,750
Stamp Duty & Legal Fees	£4,650£4,650
Total Cash In	£33,400£33,400

Cash Out
Rent Range	£650 - £950£650 - £950
Rent Estimate	£650
Running Costs/mo	£509£509
Cashflow/mo	£141£141
Cashflow/yr	£1,688£1,688
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

22 sold prices from £60K to £250K, average is £156.5K. £1.3K/m² to £4.2K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£60K	09/22	0.19 mi	21, West Street, West Butterwick, Scunthorpe, North Lincolnshire DN17 3JZ	-	-	2	Terraced House
£158K	03/21	0.29 mi	1a, School Lane, West Butterwick, Scunthorpe, North Lincolnshire DN17 3LB	£2,107	75	2	Detached House
£186K	01/23	2.25 mi	4, The Meadows, Burringham, Scunthorpe, North Lincolnshire DN17 3LW	£2,776	67	2	Detached House
£98K	03/21	2.27 mi	16, Pasture Avenue, Burringham, Scunthorpe, North Lincolnshire DN17 3NF	£1,342	73	2	Semi-Detached House
£135K	05/23	2.36 mi	23, Hadleigh Green, Burringham, Scunthorpe, North Lincolnshire DN17 3NJ	£2,045	66	2	Terraced House
£128K	08/23	2.36 mi	17, Hadleigh Green, Burringham, Scunthorpe, North Lincolnshire DN17 3NJ	£2,065	62	2	Terraced House
£125K	10/22	2.36 mi	27, Hadleigh Green, Burringham, Scunthorpe, North Lincolnshire DN17 3NJ	£2,118	59	2	Terraced House
£174K	12/20	2.74 mi	3, Temple Close, Belton, Doncaster, North Lincolnshire DN9 1TG	£2,320	75	2	Detached House
£179.9K	04/21	2.74 mi	2, Temple Close, Belton, Doncaster, North Lincolnshire DN9 1TG	-	-	2	Detached House
£167K	01/21	2.74 mi	4, Temple Close, Belton, Doncaster, North Lincolnshire DN9 1TG	£2,694	62	2	Detached House
£167.4K	08/22	2.76 mi	51a, Jeffrey Lane, Belton, Doncaster, North Lincolnshire DN9 1LU	-	-	2	Terraced House
£195K	09/21	2.87 mi	10, Lockwood Bank, Epworth, Doncaster, North Lincolnshire DN9 1JJ	£3,679	53	2	Detached House
£140K	02/21	2.88 mi	51, Eastfield Road, Epworth, Doncaster, North Lincolnshire DN9 1JQ	£2,800	50	2	Semi-Detached House
£155K	09/22	2.89 mi	11, Lindsey Court, Epworth, Doncaster, North Lincolnshire DN9 1SD	-	-	2	Semi-Detached House
£150K	11/20	2.89 mi	13, Lindsey Court, Epworth, Doncaster, North Lincolnshire DN9 1SD	£2,727	55	2	Semi-Detached House
£165K	03/23	2.9 mi	30, Poachers Croft, Churchtown, Doncaster, North Lincolnshire DN9 1QU	-	-	2	Semi-Detached House
£165K	12/21	2.9 mi	15, Poachers Croft, Churchtown, Doncaster, North Lincolnshire DN9 1QU	-	-	2	Detached House
£198K	02/23	2.9 mi	32, Poachers Croft, Churchtown, Doncaster, North Lincolnshire DN9 1QU	£4,231	47	2	Semi-Detached House
£250K	05/21	2.94 mi	1, St Andrews Way, Epworth, Doncaster, North Lincolnshire DN9 1SN	£3,165	79	2	Detached House
£139K	08/21	2.97 mi	11, Pinfold, Epworth, Doncaster, North Lincolnshire DN9 1SG	-	-	2	Semi-Detached House
£118K	02/21	2.97 mi	4, Pinfold, Epworth, Doncaster, North Lincolnshire DN9 1SG	£2,145	55	2	Semi-Detached House
£149.9K	02/21	2.97 mi	10, Pinfold, Epworth, Doncaster, North Lincolnshire DN9 1SG	£2,771	54	2	Semi-Detached House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£950	12/24	0.3 mi	South Street, West Butterwick, Scunthorpe, North Lincolnshire, DN17	3	Flat
£650	12/24	0.46 mi	Northfield Close, West Butterwick	2	Flat

Local Area Statistics

Population in DN17	37,16837,168
Population in Scunthorpe	105,498105,498
Town centre distance	4.89 miles away4.89 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	3.08 miles away3.08 miles away

Rental growth (12m)	+56%+56%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+23%+23%

Property History

Listed for £115,000

May 24, 2024

Description

Semi-Detached house +
Living room +
Dining kitchen +
Two Bedrooms +
Bathroom +
Driveway with parking +
Lawned rear garden +
Upvc double glazed +
Gas fired central heating +

LIVINGROOM 13' 7" x 12' 4" (4.165m x 3.777m) Front facing entrance door and bow window. Staircase leading to first floor landing and bedrooms. Understairs storage cupboard. Television point. Radiator.

DINING KITCHEN 13' 8" x 10' 4" (4.173m x 3.160m) Rear facing window and entrance door leading to garden. Fitted wall and base unit with drawers. Worktop incorporating a stainless steel one and a half bowl single drainer sink with mixer tap and tied splash backs. Free standing electric cooker. Provisions for white good. Radiator.

LANDING Side facing window.Loft access. Radiator.

BEDROOM 1 12' 3" x 11' 6" (3.746m x 3.516m) Front facing window. Laminate floor. Built in floor to ceiling wardrobe and cupboards.Television point. Radiator.

BEDROOM 2 10' 4" x 8' 5" (3.171m x 2.566m) Rear facing window with open views over farmland. Radiator.

BATHROOM 7' 3" x 4' 9" (2.230m x 1.448m) Rear facing window. Fitted suite comprising of a low level WC, pedestal wash basin, and panelled bath with shower over.m Half tiled walls. Radiator.

OUTSIDE To the front there is a driveway with parking and additional gravelled parking area. A side wooden gate gives access to the rear. To the rear there is a paved patio area and lawned garden with open views over farmland and is all enclosed b a wooden fence boundary. External tap and lights.

Agent Details

Keith Clough, Epworth

01427 800761

Next Steps?

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