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

23 Newbigg, Crowle, DN17 4EZ - 8 months ago

Refurb/BRRR
~141 m²
+26 photos

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.

PriceDateDistanceAddressBeds 
£385K06/230.19 miCarman House, Commonside, Crowle, Scunthorpe, North Lincolnshire DN17 4EX4
£188K05/230.33 mi7, Cross Street, Crowle, Scunthorpe, North Lincolnshire DN17 4LJ4
£305K11/200.37 mi7, Isle Close, Crowle, Scunthorpe, North Lincolnshire DN17 4NR4
£350K09/210.37 mi17, Isle Close, Crowle, Scunthorpe, North Lincolnshire DN17 4NR4
£240K04/210.57 mi11, Holland Avenue, Crowle, Scunthorpe, North Lincolnshire DN17 4BD4
£240K03/210.58 mi120, High Street, Crowle, Scunthorpe, North Lincolnshire DN17 4DR4
£200K08/230.63 mi78, Windsor Road, Crowle, Scunthorpe, North Lincolnshire DN17 4EF4
£269.9K06/210.66 mi77, Lindsey Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4NT4
£235K01/210.66 mi41, Lindsey Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4NT4
£275K12/200.66 mi9, Godnow Road, Crowle, Scunthorpe, North Lincolnshire DN17 4DU4
£232.5K07/210.73 mi18, Maple Avenue, Crowle, Scunthorpe, North Lincolnshire DN17 4ED4
£230K02/210.73 mi26, Maple Avenue, Crowle, Scunthorpe, North Lincolnshire DN17 4ED4
£240K12/200.73 mi47, Maple Avenue, Crowle, Scunthorpe, North Lincolnshire DN17 4ED4
£234K03/210.73 mi29, Maple Avenue, Crowle, Scunthorpe, North Lincolnshire DN17 4ED4
£272.5K09/210.87 mi17, Mulberry Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4JF4
£346K12/220.87 mi22, Mulberry Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4JF4
£360K12/201.42 mi52, Outgate, Ealand, Scunthorpe, North Lincolnshire DN17 4JD4
£339.9K02/211.53 mi284, Wharf Road, Ealand, Scunthorpe, North Lincolnshire DN17 4JN4
£220K04/231.53 mi278, Wharf Road, Ealand, Scunthorpe, North Lincolnshire DN17 4JN4
£350K02/231.54 mi17, Kings Croft, Ealand, Scunthorpe, North Lincolnshire DN17 4GA4

Local Rents

15 rents from £425/mo to £975/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£97504/250.25 mi-3
£62512/240.26 miHolme Stead Court, Crowle2
£90009/240.32 mi-3
£75012/240.32 mi-3
£43011/230.36 mi-1
£47502/240.38 mi-1
£47502/240.38 mi-1
£47507/240.38 mi-1
£52512/240.44 miFieldside, Crowle1
£42502/250.49 mi-1
£80010/240.5 mi-3
£80003/250.5 mi-3
£85003/250.57 mi-3
£77505/240.66 mi-2
£85008/241.62 mi-3

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

  • Detached 4 bedroom bungalow +
  • Reception hall / Living room / Breakfast room +
  • Kitchen / Dining room / 4 bedrooms one with ensuite +
  • Family bathroom +
  • Lawned gardens to front and rear +
  • Wonderful open views +
  • In need of sympathetic attention +
  • Gravelled driveway & detached single garage +
  • No chain with vacant possession +
  • Contact Agents for a viewing! +

PROPERTY DESCRIPTION This 4 bedroom detached bungalow with lots to offer positioned on a good plot offering wonderful open views! Briefly comprising reception hall, living room, breakfast room, Kitchen, dining room, 4 bedrooms one with ensuite and family bathroom. To the front of the property there is a lawned garden and gravelled driveway which leads to a detached single garage. The rear garden has a patio area, established shrubs and wonderful open views over the countryside. The property does requires sympathetic modernisation but has so much to offer! With vacant possession there is no chain! Viewing is highly recommended to appreciate what is on offer!  

RECEPTION HALL Side entrance door with glass side screen leading into the spacious hallway with built-in storage cupboard. Radiator. Loft access. 

LIVING ROOM 16' 2" x 13' 8" (4.946m x 4.187m) Dual aspect windows overlooking farmland. Open grate fire with decorative fireplace surround and marble inset and heath. Television point. Radiators.

Double glass panelled doors leading into:- 

BREAKFAST ROOM 12' 9" x 8' 10" (3.896m x 2.693m) Rear facing French doors and glass screen to block paved patio and garden with panoramic views. Laminate flooring. Radiator.

Archway open plan leading into:- 

KITCHEN 19' 9" x 9' 9" (6.034m x 2.973m) Rear facing window. Fitted base and wall units. Glass front cupboard with display shelving and drawers. Worktop incorporating one and half stainless steel bowl single drainer with mixer taps. Half tiled walls. Brick recess with tiled back with provision for a Range Cooker. Provision for whitegoods. Tiled floor. 

DINING ROOM 13' 7" x 10' 5" (4.144m x 3.176m) Rear facing French doors leading to the garden. Laminate flooring. One wall of built in larder and base cupboard and display shelving. Downlights. Radiator. 

BEDROOM1 13' 5" x 10' 1" (4.091m x 3.082m) Front facing window. Television point. Radiator. 

BEDROOM 2 9' 5" x 8' 10" (2.888m x 2.704m) Front facing window. Radiator. Fitted display workstation. 

BEDROOM 4 9' 4" x 8' 10" (2.863m x 2.703m) Front facing window. Radiator. 

BEDROOM 3 11' 11" x 11' 10" (3.639m x 3.630m) Duel aspect windows. Built in wardrobes. Radiator. 

ENSUITE Side feature window. Low level pedestal hand wash basin and WC. Shower cubicle. 1/2 tiled walls. Down lights. Radiator. 

BATHROOM 9' 4" x 9' 0" (2.861m x 2.755m) Frosted window. Vanity sink units with display top and cupboards under. Matching vanity cabinet with mirror. WC, bath and shower cubicle. 1/2 tiled walls. Downlights. Radiator. 

OUTSIDE To the front of the property there is a lawned area and gravelled driveway that leads to the detached single garage. At the rear of the property there is a patio area with established shrubs all enclosed by a low wooden fenced boundary with open views over the countryside. Outside lighting and tap

Agent Details

Keith Clough, Epworth

01427 800761

Next Steps?

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