3 Bed Terraced House, Refurb/BRRR, Scunthorpe, DN16 2SG, £90,000

Lindley Street, Ashby Scunthorpe, DN16 2SG - 10 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£67.5K - £250K
Sold Prices/m²£784/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£91,800

 

 

End Value (After Refurb)

£136,627

Uplift in Value

+52%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£37,600

Bridging Loan Interest

£2,363

Total Cash In

£69,913

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£136,627

Mortgage (After Refinance)

£102,470

Mortgage LTV

75%

Cash Released

£34,970

Cash Left In

£34,943

Equity

£34,157

Rent Range

£495 - £990

Rent Estimate

£784

Running Costs/mo

£604

Cashflow/mo

£180

Cashflow/yr

£2,163

ROI

3%

Gross Yield

10%

Local Sold Prices

50 sold prices from £67.5K to £250K, average is £137.5K. £784/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£150K08/230 mi35, Lindley Street, Scunthorpe, North Lincolnshire DN16 2SG3
£87K03/230 mi23, Lindley Street, Scunthorpe, North Lincolnshire DN16 2SG3
£93K02/210.05 mi24, Belmont Street, Scunthorpe, North Lincolnshire DN16 2SB3
£107K08/230.05 mi16, Belmont Street, Scunthorpe, North Lincolnshire DN16 2SB3
£165K01/230.1 mi301, Ashby High Street, Scunthorpe, North Lincolnshire DN16 2RY3
£67.5K11/220.1 mi305, Ashby High Street, Scunthorpe, North Lincolnshire DN16 2RY3
£67.5K11/220.1 mi307, Ashby High Street, Scunthorpe, North Lincolnshire DN16 2RY3
£120K01/230.13 mi26, Alexandra Road, Scunthorpe, North Lincolnshire DN16 2SF3
£125K11/220.16 mi32, Alexandra Road, Scunthorpe, North Lincolnshire DN16 2SF3
£175K07/230.18 mi69, Victoria Road, Scunthorpe, North Lincolnshire DN16 2RZ3
£154.9K01/210.21 mi7, Bardney Avenue, Scunthorpe, North Lincolnshire DN16 2AX3
£95K04/210.22 mi11, Woollin Avenue, Scunthorpe, North Lincolnshire DN16 2RU3
£152K07/230.24 mi16, Stow Road, Scunthorpe, North Lincolnshire DN16 2DX3
£131K11/210.24 mi47, Barlings Avenue, Scunthorpe, North Lincolnshire DN16 2AY3
£126K11/200.24 mi13, Barlings Avenue, Scunthorpe, North Lincolnshire DN16 2AY3
£145K01/210.26 mi19, Priory Crescent, Scunthorpe, North Lincolnshire DN17 1HX3
£114K04/210.26 mi22, Priory Crescent, Scunthorpe, North Lincolnshire DN17 1HX3
£80K07/230.26 mi11, Priory Crescent, Scunthorpe, North Lincolnshire DN17 1HX3
£140K07/210.26 mi20, Priory Crescent, Scunthorpe, North Lincolnshire DN17 1HX3
£145K02/210.27 mi26, Bottesford Road, Scunthorpe, North Lincolnshire DN16 3HE3
£215K01/230.27 mi55, Lancaster Road, Scunthorpe, North Lincolnshire DN16 3JJ3
£155K06/230.27 mi25, Rosemount Drive, Scunthorpe, North Lincolnshire DN16 2RJ3
£132K02/230.29 mi73, Bottesford Road, Scunthorpe, North Lincolnshire DN16 3HF3
£98K03/210.3 mi25, Churchfield Road, Scunthorpe, North Lincolnshire DN16 3DH3
£69K03/210.3 mi36, Cherry Grove, Scunthorpe, North Lincolnshire DN16 2TG3
£90K11/220.3 mi30, Cherry Grove, Scunthorpe, North Lincolnshire DN16 2TG3
£97K03/230.3 mi28, Cherry Grove, Scunthorpe, North Lincolnshire DN16 2TG3
£170K09/210.3 mi110, Rochdale Road, Scunthorpe, North Lincolnshire DN16 3JD3
£145K06/230.3 mi1, Nuns Road, Scunthorpe, North Lincolnshire DN17 1JE3
£135K11/200.3 mi81, Lancaster Road, Scunthorpe, North Lincolnshire DN16 3JH3
£203K11/220.32 mi54, Messingham Road, Scunthorpe, North Lincolnshire DN17 2DA3
£132K03/230.33 mi292, Ashby Road, Scunthorpe, North Lincolnshire DN16 2AR3
£250K08/230.33 mi18, Burringham Road, Scunthorpe, North Lincolnshire DN17 2BB3
£105K01/230.33 mi44, Kingston Road, Scunthorpe, North Lincolnshire DN16 2BE3
£132.5K11/210.33 mi51, Burringham Road, Scunthorpe, North Lincolnshire DN17 2BD3
£160K05/230.34 mi123, Bottesford Road, Scunthorpe, North Lincolnshire DN16 3HF3
£133K12/200.34 mi77, Bottesford Road, Scunthorpe, North Lincolnshire DN16 3HF3
£145K09/230.34 mi8, Abbots Road, Scunthorpe, North Lincolnshire DN17 1JF3
£155K10/210.35 mi7, Humber Crescent, Scunthorpe, North Lincolnshire DN17 1JD3
£190K06/230.35 mi7, Humber Crescent, Scunthorpe, North Lincolnshire DN17 1JD3
£165K04/230.35 mi40, Humber Crescent, Scunthorpe, North Lincolnshire DN17 1JD3
£145K12/200.35 mi65, Rochdale Road, Scunthorpe, Humberside DN16 3JQ3
£180K08/230.35 mi59, Rochdale Road, Scunthorpe, North Lincolnshire DN16 3JQ3
£160K12/220.35 mi57, Rochdale Road, Scunthorpe, North Lincolnshire DN16 3JQ3
£129K05/230.35 mi25, Bottesford Avenue, Scunthorpe, North Lincolnshire DN16 3EN3
£119K02/210.36 mi67, Messingham Road, Scunthorpe, North Lincolnshire DN17 2LL3
£110.5K03/230.36 mi31, Messingham Road, Scunthorpe, North Lincolnshire DN17 2LL3
£205K02/210.36 mi11a, Messingham Road, Scunthorpe, North Lincolnshire DN17 2LL3
£145K03/210.36 mi75, Messingham Road, Scunthorpe, North Lincolnshire DN17 2LL3
£140K01/230.36 mi56, Priory Lane, Scunthorpe, North Lincolnshire DN17 1HU3

Local Rents

17 rents from £495/mo to £990/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£57503/240 miLindley Street, Scunthorpe3
£85001/250.05 mi-3
£49511/230.05 mi-3
£65004/240.12 miVictoria Road, Scunthorpe3
£69512/230.16 mi-3
£90002/250.3 mi-3
£63503/240.32 miCherry Grove, Scunthorpe3
£95012/240.32 mi-3
£67503/240.35 miPowells Crescent, Scunthorpe3
£82502/250.35 mi-3
£90008/240.43 mi-3
£97503/250.44 mi-3
£99003/250.45 mi-3
£90012/240.46 miWest Common Gardens, Scunthorpe3
£85009/230.5 mi-3
£97512/240.56 mi-3
£70004/240.61 miSt Johns Road, Scunthorpe, DN163

Local Area Statistics

Population in DN16

31,697

Population in Scunthorpe

105,498

Town centre distance

1.04 miles away

Nearest school

0.10 miles away

Nearest train station

1.27 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £90,000

December 13, 2024

Price changed to £95,000

October 31, 2024

Listed for £100,000

May 31, 2024

Floor Plans

Description

  • Three Bedroom Large Terrace +
  • Fabulous Lounge With Original Features +
  • Spacious Kitchen Diner +
  • Fantastic Renovation Project +
  • Fenced Garden Very Private +
  • Three Very Large Bedrooms Must Be Viewed +
  • NO CHAIN +
  • Sought After Location +
  • Must Be Viewed +
  • Great Family Home Near Local Amenities +

The Property
We bring to you a fantastic Three Bedroom Terraced Property in Ashby. Close to the heart of a great bustling community, with lots of local amenities. Great Shopping areas and local Restaurants to walk and drive too. Excellent school catchment areas and motorway links via the M180 to surrounding Towns.
Sitting on a large plot the house must be viewed to understand the scale of the rooms and some renovations that need doing.
The House comprises of a beautiful lounge with feature fireplace and electric fire. Spacious Kitchen and Dinning Room great for family meals or entertaining. Family bathroom downstairs .
Upstairs Very good size bedrooms for a growing family or adapt to a home office or Gym space.
The garden is lovely all fenced very private not overlooked.
Please book your viewings online or by phone this property will not be on the market long.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Doncaster

020 3840 3729

Next Steps?

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