3 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN16 1ND, £119,950

Bushfield Road, Scunthorpe, DN16 1ND - 1 views - 10 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£70K - £215K
Sold Prices/m²£909/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£121,150

 

 

End Value (After Refurb)

£138,854

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£29,988

Stamp Duty & Legal Fees

£7,198

Refurb Costs

£37,600

Bridging Loan Interest

£3,149

Total Cash In

£79,684

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£138,854

Mortgage (After Refinance)

£104,141

Mortgage LTV

75%

Cash Released

£14,178

Cash Left In

£65,506

Equity

£34,714

Rent Range

£625 - £1,000

Rent Estimate

£775

Running Costs/mo

£609

Cashflow/mo

£166

Cashflow/yr

£1,993

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £70K to £215K, average is £131.3K. £909/m² to £2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£130K01/210 mi49, Bushfield Road, Scunthorpe, North Lincolnshire DN16 1ND3
£132.5K05/210.07 mi89, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1EB3
£142.5K12/200.07 mi32, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£107.5K11/200.07 mi15, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£119.5K06/230.07 mi50, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£70K07/230.07 mi9, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£87K11/210.08 mi56, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1EA3
£183K03/230.09 miSlaidburn, Redbourn Way, Scunthorpe, North Lincolnshire DN16 1NG3
£137.5K07/230.12 mi12, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£127K12/200.12 mi9, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£150K12/220.13 mi16, Neath Road, Scunthorpe, North Lincolnshire DN16 1LW3
£105K05/210.15 mi41, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LL3
£166K12/220.17 mi55, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£147K03/230.18 mi69, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£132.5K08/230.2 mi9, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£103K05/210.2 mi18, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£115K06/210.2 mi22, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£95K11/200.2 mi3, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£105K12/200.2 mi79, Fairmont Crescent, Scunthorpe, North Lincolnshire DN16 1EL3
£95K12/200.2 mi25, Fairmont Crescent, Scunthorpe, North Lincolnshire DN16 1EL3
£110K07/210.24 mi14, King Edward Street, Scunthorpe, City Of Kingston Upon Hull DN16 1LH3
£120K02/210.24 mi29, King Edward Street, Scunthorpe, North Lincolnshire DN16 1LH3
£88K02/210.25 mi105, Cottage Beck Road, Scunthorpe, North Lincolnshire DN16 1UE3
£82.5K07/210.25 mi10, Hallgarth Avenue, Scunthorpe, North Lincolnshire DN16 1UG3
£145K02/230.25 mi15, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EW3
£110K12/200.25 mi30, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EW3
£180K11/210.26 mi58, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£215K11/200.27 mi92, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£175K02/210.27 mi38, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£167K05/230.27 mi186, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1NU3
£125K11/200.28 mi74, Rowland Road, Scunthorpe, North Lincolnshire DN16 1ST3
£145K08/230.29 mi21, Warwick Road, Scunthorpe, North Lincolnshire DN16 1ES3
£111.5K09/210.3 mi51, Warwick Road, Scunthorpe, North Lincolnshire DN16 1ES3
£123K05/230.32 mi111, Rowland Road, Scunthorpe, North Lincolnshire DN16 1TA3
£135K04/230.32 mi7, Avon Road, Scunthorpe, North Lincolnshire DN16 1EP3
£102K09/210.32 mi172, Cottage Beck Road, Scunthorpe, North Lincolnshire DN16 1UA3
£180K08/230.35 mi11, Rugby Road, Scunthorpe, North Lincolnshire DN16 2DD3
£110K12/200.36 mi29, Hampton Road, Scunthorpe, North Lincolnshire DN16 1QJ3
£165K01/230.37 mi23, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£167.5K01/210.37 mi17, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£75K03/230.38 mi15, Winn Street, Scunthorpe, North Lincolnshire DN16 1TB3
£138K12/200.39 mi102, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EU3
£175K05/210.39 mi110, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EU3
£152K08/210.4 mi106, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EU3
£155K11/200.41 mi58, Kenilworth Road, Scunthorpe, North Lincolnshire DN16 1EY3
£136K07/230.42 mi29, Neville Road, Scunthorpe, North Lincolnshire DN16 1TN3
£120K09/230.42 mi12, Shirley Crescent, Scunthorpe, North Lincolnshire DN16 1NX3
£175K04/230.45 mi16, Rivelin Crescent, Scunthorpe, North Lincolnshire DN16 2AL3
£145K12/220.46 mi37, Comforts Avenue, Scunthorpe, North Lincolnshire DN15 6PN3
£84K01/210.47 mi1, Elm Grove, Scunthorpe, North Lincolnshire DN16 2EP3

Local Rents

11 rents from £625/mo to £1K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£67503/240.07 miHaig Avenue, Scunthorpe3
£62503/240.2 miAbercorn Street, SCUNTHORPE3
£65003/240.25 miRowland Road, Scunthorpe3
£72512/230.3 mi-3
£80004/240.3 mi-3
£79501/250.3 mi-3
£81502/250.3 mi-3
£79502/250.3 mi-3
£75012/240.39 mi-3
£1,00002/250.52 mi-3
£90003/250.52 mi-3

Local Area Statistics

Population in DN16

31,697

Population in Scunthorpe

105,498

Town centre distance

0.23 miles away

Nearest school

0.20 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £119,950

September 26, 2024

Listed for £125,000

July 10, 2024

Description

  • Popular location +
  • Three Bedrooms +
  • Family Bathroom +
  • Living/Dining Room +
  • Close to local Amenities +
  • Great Investment Property +
  • Council Tax Band A +
  • EPC to follow +

REDUCED, NO ONWARD CHAIN, VACANT POSSESSION We are delighted to present this three-bedroom home located in the sought-after area of Scunthorpe. Conveniently situated close to local shops and amenities, this charming property features: Three Bedrooms, Family Bathroom, Lounge/Diner, Kitchen and private rear garden with off street parking and a single garage. The property is in need of modernisation. EPC rating: E. Tenure: Freehold,

Agent Details

Lovelle Estate Agency, Scunthorpe

01724 706844

Next Steps?

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