4 Bed Bungalow, Refurb/BRRR, Scunthorpe, DN17 4EZ, £325,000





ValuationOvervalued
Sold Prices | £188K - £385K |
Sold Prices/m² | £1.3K/m² - £2.5K/m² |
| |
Square Metres | ~141.10 m² |
Price/m² | £2.3K/m² |
Value Estimate | £289,759 |
| |
End Value (After Refurb) | £280,374 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £81,250 |
Stamp Duty & Legal Fees | £21,200 |
Refurb Costs | £55,920 |
Bridging Loan Interest | £8,531 |
Total Cash In | £168,651 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £280,374 |
Mortgage (After Refinance) | £210,281 |
Mortgage LTV | 75% |
Cash Left In | £168,651 |
Equity | £70,094 |
Rent Range | £425 - £975 |
Rent Estimate | £691 |
Running Costs/mo | £1,034 |
Cashflow/mo | £-343 |
Cashflow/yr | £-4,120 |
Gross Yield | 3% |
Local Sold Prices
20 sold prices from £188K to £385K, average is £255K. £1.3K/m² to £2.5K/m², average is £2.1K/m².
Local Rents
15 rents from £425/mo to £975/mo, average is £750/mo.
Local Area Statistics
Population in DN17 | 37,168 |
Population in Scunthorpe | 105,498 |
Town centre distance | 7.97 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 1.80 miles away |
| |
Rental growth (12m) | +56% |
Sales demand | Balanced market |
Capital growth (5yrs) | +23% |
Property History
Price changed to £325,000
January 27, 2025
Listed for £335,000
July 23, 2024
Floor Plans

Description
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