2 Bed Terraced House, Single Let, Scunthorpe, DN16 3UU, £127,000

2 Gadwall Way, Scunthorpe, DN16 3UU - 10 months ago

BTL
ROI: 3%
~89 m²
+10 photos

ValuationUndervalued

Sold Prices£53K - £217K
Sold Prices/m²£707/m² - £3K/m²

 

 

Square Metres

~89.19 m²
Price/m²£1.4K/m²

Value Estimate

£158,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,750

Stamp Duty & Legal Fees

£7,590

Total Cash In

£39,340

 

 

Cash Out

 

Rent Range

£600 - £825

Rent Estimate

£649

Running Costs/mo

£547

Cashflow/mo

£102

Cashflow/yr

£1,228

ROI

3%

Gross Yield

6%

Local Sold Prices

43 sold prices from £53K to £217K, average is £112K. £707/m² to £3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£115K10/200.08 mi17, Gadwall Way, Scunthorpe, North Lincolnshire DN16 3UU2
£112K01/210.11 mi33, Whimbrel Chase, Scunthorpe, North Lincolnshire DN16 3WJ2
£105.5K04/210.16 mi12, Shelduck Way, Scunthorpe, North Lincolnshire DN16 3FY2
£135K09/230.21 mi18, Dunlin Drive, Scunthorpe, North Lincolnshire DN16 3UZ2
£105K05/210.21 mi28, Dunlin Drive, Scunthorpe, North Lincolnshire DN16 3UZ2
£126K10/210.3 mi1, Ennerdale Lane, Scunthorpe, North Lincolnshire DN16 2RW2
£118K06/210.3 mi27, Ennerdale Lane, Scunthorpe, North Lincolnshire DN16 2RW2
£113K10/200.3 mi29, Ennerdale Lane, Scunthorpe, North Lincolnshire DN16 2RW2
£115K01/210.33 mi28, Coverdale Road, Scunthorpe, North Lincolnshire DN16 2RP2
£120K06/230.33 mi1, Coverdale Road, Scunthorpe, North Lincolnshire DN16 2RP2
£100K01/230.43 mi49, Manifold Road, Scunthorpe, North Lincolnshire DN16 2RD2
£120K06/210.44 mi20, Derwent Road, Scunthorpe, North Lincolnshire DN16 2NU2
£95.3K01/210.45 mi51, Manifold Road, Scunthorpe, North Lincolnshire DN16 2RD2
£217K07/210.46 mi6, Wisteria Way, Scunthorpe, North Lincolnshire DN16 3AQ2
£86.5K01/230.51 mi248, Queensway, Scunthorpe, North Lincolnshire DN16 2JJ2
£167K02/210.51 mi9, Lunedale Road, Scunthorpe, Humberside DN16 2RA2
£202.5K10/230.51 mi9, Lunedale Road, Scunthorpe, North Lincolnshire DN16 2RA2
£128.3K02/210.57 mi2, Chamomile Close, Scunthorpe, North Lincolnshire DN16 3DB2
£140K07/230.61 mi2, Wyredale Road, Scunthorpe, North Lincolnshire DN16 2PZ2
£79K12/200.64 mi58, Ville Road, Scunthorpe, North Lincolnshire DN16 2NW2
£79K12/200.64 mi58, Ville Road, Scunthorpe, North Lincolnshire DN16 2NW2
£117.5K02/210.68 mi9, Pinewood Close, Scunthorpe, North Lincolnshire DN16 3FB2
£72.5K10/210.7 mi69, Grange Lane South, Scunthorpe, North Lincolnshire DN16 3BW2
£105K02/210.7 mi59, Woodcross Avenue, Scunthorpe, North Lincolnshire DN16 3FG2
£120K02/230.71 mi9, St James Place, Scunthorpe, North Lincolnshire DN16 3FH2
£106.5K05/210.71 mi9, Oakwell Close, Scunthorpe, North Lincolnshire DN16 3FD2
£100K11/220.73 mi27, Grange Lane South, Scunthorpe, North Lincolnshire DN16 3AR2
£90K09/210.73 mi53, Grange Lane South, Scunthorpe, North Lincolnshire DN16 3AR2
£129.9K12/220.75 mi15, Nutwell Court, Scunthorpe, North Lincolnshire DN16 3GL2
£114K08/210.75 mi29, Nutwell Court, Scunthorpe, North Lincolnshire DN16 3GL2
£110K10/210.75 mi5, Nutwell Court, Scunthorpe, North Lincolnshire DN16 3GL2
£120.5K05/230.75 mi21, Nutwell Court, Scunthorpe, North Lincolnshire DN16 3GL2
£101.5K01/210.76 mi12, Nutwood View, Scunthorpe, North Lincolnshire DN16 3GN2
£105K06/210.76 mi26, Nutwood View, Scunthorpe, North Lincolnshire DN16 3GN2
£90K11/200.77 mi41, North Parade, Scunthorpe, North Lincolnshire DN16 2PQ2
£81K08/230.77 mi37, North Parade, Scunthorpe, North Lincolnshire DN16 2PQ2
£121K03/230.81 mi14, Tilia Close, Scunthorpe, North Lincolnshire DN16 3GP2
£102K12/220.84 mi23, Smithfield Road, Scunthorpe, North Lincolnshire DN16 2NJ2
£102K01/210.85 mi18, Ivy House Court, Scunthorpe, North Lincolnshire DN16 3GS2
£53K01/210.86 mi58, Ashby High Street, Scunthorpe, North Lincolnshire DN16 2ND2
£86K02/210.87 mi1, Mill Croft, Scunthorpe, North Lincolnshire DN16 1QL2
£137.9K04/210.94 mi32, Winchester Drive, Scunthorpe, North Lincolnshire DN16 3RU2
£175K11/220.94 mi44, Grammar School Walk, Scunthorpe, North Lincolnshire DN16 3NQ2

Local Rents

11 rents from £600/mo to £825/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£72504/240.08 miHeron Gate, Scunthorpe2
£75004/240.08 miHeron Gate, SCUNTHORPE2
£75003/240.13 miKingfisher Way, SCUNTHORPE2
£67504/230.15 mi-2
£64007/230.15 mi-2
£60006/240.16 mi-2
£69503/240.19 mi-2
£75009/240.19 mi-2
£82503/240.24 miLakeside North, Scunthorpe, DN162
£82503/240.26 miLakeside North, Scunthorpe, DN162
£70003/240.3 miEnnerdale Lane, Scunthorpe, North Lincolnshire, DN162

Local Area Statistics

Population in DN16

31,697

Population in Scunthorpe

105,498

Town centre distance

2.02 miles away

Nearest school

0.20 miles away

Nearest train station

2.16 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £127,000

January 23, 2025

Price changed to £132,000

October 12, 2024

Listed for £135,000

June 4, 2024

Floor Plans

Description

  • IDEAL FIRST TIME BUYER / FAMILY HOME, WELL PRESENTED THROUGHOUT +
  • CENTRALLY LOCATED, CLOSE TO LOCAL SCHOOLS & TRANSPORTATION LINKS +
  • ALLOCATED PARKING & GARAGE +
  • LOW MAINTENANCE REAR GARDEN +

IDEAL FIRST TIME BUYER / FAMILY HOME, WELL PRESENTED THROUGHOUT! CENTRALLY LOCATED, CLOSE TO LOCAL SCHOOLS & TRANSPORTATION LINKS! ALLOCATED PARKING & GARAGE! LOW MAINTENANCE REAR GARDEN!

This ideal first time buyer / family home, which is well presented throughout, briefly comprises; a generous reception room, fitted kitchen, ground floor wc, two double bedrooms and a family bathroom. Externally the home benefits from a low maintenance rear garden, allocated parking and a garage. In addition to this the property benefits from a gas central heating system and double glazing.
This home is centrally located, close to local schools, amenities and transportation links. Also nearby there is the Ashby Ville nature reserve and Bottesford Beck - with picturesque walks, ideal for families and dog walks. Viewing advised!

Front - Front of the home, with an allocated parking spot and garage.

Garden - Low maintenance rear garden, which is part patio, part decorative gravel. The area is surrounded with fencing, offering a degree of privacy to the area.

Lounge - 3.83m x 4.82m (12'6" x 15'9") - Generous lounge to the front of the home, which has a staircase leading to the first floor.

Kitchen - 3.79m x 2.54m (12'5" x 8'3") - Fitted kitchen to the rear of the property, which has ample wall and floor units for storage. The kitchen also benefits from an integrated oven, hob and extraction fan , and has an external door accessing the garden.

Ground Floor Wc -

Bedroom 1 - 3.83m x 3.66m (12'6" x 12'0") - Double bedroom to the front aspect of the property, benefiting from ample fitted storage.

Bedroom 2 - 3.82m x 2.68m (12'6" x 8'9") - Double bedroom to the rear of property.

Bathroom - 2.07m x 1.69m (6'9" x 5'6") - Fully tiled bathroom to the rear of the home, which benefits from a neutral suite.

Agent Details

Hunters, Scunthorpe

01724 706794

Next Steps?

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