3 Bed Bungalow, Refurb/BRRR, Scunthorpe, DN15 9JG, £239,950

Whitton Road, Alkborough, North Lincolnshire, DN15 9JG - 9 months ago

Sold STC
Refurb/BRRR
~93 m²
+21 photos

ValuationOvervalued

Sold Prices£126K - £349.9K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£171,316

 

 

End Value (After Refurb)

£230,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£59,988

Stamp Duty & Legal Fees

£8,399

Refurb Costs

£36,800

Bridging Loan Interest

£6,299

Total Cash In

£113,235

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£230,000

Mortgage (After Refinance)

£172,500

Mortgage LTV

75%

Cash Left In

£113,235

Equity

£57,500

Rent Range

£496 - £496

Rent Estimate

£496

Running Costs/mo

£838

Cashflow/mo

£-342

Cashflow/yr

£-4,103

Gross Yield

2%

Local Sold Prices

39 sold prices from £126K to £349.9K, average is £190K. £1.2K/m² to £3.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£315K12/221.42 miKirk Lodge, Coleby Road, West Halton, Scunthorpe, North Lincolnshire DN15 9AP3
£290K07/211.5 miMeadows End, Winteringham Lane, West Halton, Scunthorpe, North Lincolnshire DN15 9AU3
£140K03/211.5 miMyosotis, West Street, West Halton, Scunthorpe, North Lincolnshire DN15 9BB3
£230K04/231.72 mi2, Ings Lane, Whitton, Scunthorpe, North Lincolnshire DN15 9LP3
£132.5K12/202.37 mi31, Thealby Lane, Thealby, Scunthorpe, North Lincolnshire DN15 9AG3
£270K11/222.44 mi2, Welland Drive, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9DR3
£139.9K02/212.46 mi16, Tee Lane, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9ED3
£310K02/212.46 mi36, Tee Lane, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9ED3
£270K11/222.46 mi2, Tee Lane, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9ED3
£275K06/232.48 mi16, Orchard Close, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9EQ3
£275K04/232.48 mi18, Orchard Close, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9EQ3
£270K10/232.5 mi59, Holme Drive, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9DS3
£148.5K08/212.58 mi13, Vicarage Crescent, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9BT3
£340K09/212.61 mi46, Darby Road, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9DZ3
£199.5K11/212.61 mi56, Darby Road, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9DZ3
£275K06/212.66 mi2, Western Green, Winteringham, Scunthorpe, North Lincolnshire DN15 9NX3
£240K07/232.73 mi6, Somerset Drive, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9HN3
£140K08/232.73 mi7, Hewde Lane, Winteringham, Scunthorpe, North Lincolnshire DN15 9NH3
£229K10/222.74 mi45, Wiltshire Avenue, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9EP3
£132.5K01/212.75 mi66, West End, Winteringham, Scunthorpe, North Lincolnshire DN15 9NS3
£190K12/202.75 mi68, West End, Winteringham, Scunthorpe, North Lincolnshire DN15 9NS3
£126K12/202.75 mi43, West End, Winteringham, Scunthorpe, North Lincolnshire DN15 9NR3
£190K01/212.75 mi38, Wiltshire Avenue, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9ER3
£349.9K04/232.8 mi7, High Street, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9DG3
£189K10/202.81 mi20, Cliff Road, Winteringham, Scunthorpe, North Lincolnshire DN15 9NQ3
£185K02/232.82 mi22, School Road, Winteringham, Scunthorpe, North Lincolnshire DN15 9NL3
£135K10/202.83 mi30, South Side, Winteringham, Scunthorpe, North Lincolnshire DN15 9NN3
£245K06/232.85 mi11, Eastholme Gardens, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9HP3
£138.5K03/212.87 mi79, Wiltshire Avenue, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9ES3
£165K05/232.88 mi2, Blacktoft Lane, Blacktoft, Goole, East Riding Of Yorkshire DN14 7YW3
£225K11/202.88 miThe Pines, High Street, Garthorpe, Scunthorpe, North Lincolnshire DN17 4RP3
£180K02/232.9 mi1, Back Lane, Winteringham, Scunthorpe, North Lincolnshire DN15 9NW3
£159K12/212.91 mi5, Hillcrest Drive, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9HL3
£333K06/232.95 mi9, The Avenue, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9EX3
£155K02/212.95 mi15, Barnston Way, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9HG3
£126K06/212.96 mi40, Margrave Lane, Garthorpe, Scunthorpe, North Lincolnshire DN17 4RS3
£292K09/222.97 mi1, Low Burgage, Winteringham, Scunthorpe, North Lincolnshire DN15 9PF3
£180K05/212.98 mi6, Westover Drive, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9HH3
£145K05/212.98 mi4, Flixborough Road, Burton Upon Stather, Scunthorpe, North Lincolnshire DN15 9HD3

Local Rents

1 rents from £496/mo to £496/mo, average is £496/mo.

RentDateDistanceAddressBeds 
£49605/242.45 miTee Lane, Burton Upon Stather2

Local Area Statistics

Population in DN15

36,576

Population in Scunthorpe

105,498

Town centre distance

7.22 miles away

Nearest school

3.30 miles away

Nearest train station

3.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £239,950

June 21, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • Unique Detached Bungalow in Rural Setting +
  • Three Spacious Bedrooms +
  • Lounge and Additional Dining Room +
  • Kitchen and Utility Room +
  • Four-Piece Family Bathroom +
  • Ample Off-Road Parking, Detached Garage, and Attractive Gardens +
  • EPC: E | Tenure: Freehold | Council Tax: D +

LOCATION!!! LOCATION!!! LOCATION!!!
Are you searching for a delightful, detached bungalow that is bursting with potential and offers a generous plot??

DDM is excited to present this truly one-of-a-kind three-bedroom detached bungalow located in the sought-after North Lincolnshire village of Alkborough. Offering ample scope for modernisation, this property presents an exceptional opportunity to customise and create your dream home. Nestled within a popular locale, the bungalow commands attention with its distinctive character and charm. Situated proudly, set back from the road, it enjoys a slightly elevated position, providing a sense of privacy and tranquillity.

Step Inside

Welcome to Glenmore…. where you enter property via a light and airy reception hallway that benefits from ample storage. Leading from the reception hall, your journey continues seamlessly into the dual aspect living room, a cosy retreat that provides a tranquil vantage point overlooking the picturesque front garden and offers a rustic brick fireplace. Flowing seamlessly through glazed French doors is the adjoining dining room with sliding patio doors enjoying views over the rear garden.
Adjacent to the dining room, you'll find the heart of the home - the rear-facing kitchen features a range of wooden fronted Shaker style base and wall-mounted cabinets and is equipped with a double built-in oven, hob, an integrated sink and drainer, fridge, and space for white goods. Leading from the kitchen is a handy utility room that provides access into the rear garden and additional storage.
Returning to the expansive hallway, this exceptional home presents a master bedroom, complete with fitted furniture. Accompanying the master bedroom are two additional generously sized bedrooms, each offering ample space, with all being served by the generous four-piece family bathroom boasting a walk-in shower, bath, a hand wash basin and a low-level flush W.C.

Step Outside

As you approach the property, you are greeted by a sweeping driveway gently sloping upwards to the elevated position of the home. As you ascend the driveway, you are greeted by an attractive and well-maintained front garden that is predominantly laid to lawn with mature planted borders and hedging for privacy.
To the side of this superb home, you'll find the driveway leading to the detached garage boasting an electric door, power and lighting and offers parking and storage space for vehicles and outdoor equipment. The non-overlooked rear garden offers a lawned area, a hard standing area that is ideal for additional parking, and an ample seating patio area for entertaining during the summer months.

Location
The property is ideally located close to the local landmark Julian’s Bower that is an unusual turf maze. The close-knit community offers a licensed club and café as well as a village primary school. The city of Hull is easily accessed via the Humber Bridge approximately 12 miles away, whereas the nearby town of Scunthorpe is circa ten miles away. Most locals utilise the shopping available at Winterton approximately 4.2 miles away, where there is also senior schooling. The village of Burton upon Stather is circa 3.1 miles away.

Agent Details

DDM Residential, Scunthorpe

01724 514335

Next Steps?

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