4 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN15 9SB, £115,000

24 Sowers Lane, Scunthorpe, North Lincolnshire, DN15 9SB - 12 views - 8 months ago

Auction
Refurb/BRRR
~129 m²
+10 photos

ValuationUndervalued

Sold Prices£127.5K - £357K
Sold Prices/m²£1.3K/m² - £2.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£890/m²

Value Estimate

£132,600
BMV2%

 

 

End Value (After Refurb)

£234,663

Uplift in Value

+81%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£51,147

Bridging Loan Interest

£3,019

Total Cash In

£89,766

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£234,663

Agent Fees (1%)

£2,347

Bridging Loan

£86,250

Bridging Loan Interest

£3,019

Flip Profit

£56,301

Local Sold Prices

20 sold prices from £127.5K to £357K, average is £256.2K. £1.3K/m² to £2.5K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£127.5K08/210.08 mi1, Baker Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9SE4
£170K12/200.13 mi21, Earlsgate, Winterton, Scunthorpe, Humberside DN15 9SS4
£280K01/230.14 mi44, Henderson Way, Winterton, Scunthorpe, North Lincolnshire DN15 9SJ4
£218K01/210.14 mi7, Boston Close, Winterton, Scunthorpe, North Lincolnshire DN15 9TQ4
£157.5K03/230.16 mi14, Earlsgate, Winterton, Scunthorpe, North Lincolnshire DN15 9XA4
£200K08/210.32 mi11, Northlands Road, Winterton, Scunthorpe, North Lincolnshire DN15 9PZ4
£157.4K02/210.35 mi18, Northlands Road, Winterton, Scunthorpe, North Lincolnshire DN15 9PY4
£200K12/220.37 mi23, Roxby Road, Winterton, Scunthorpe, North Lincolnshire DN15 9SX4
£252.5K05/210.5 mi5, Burgon Crescent, Winterton, Scunthorpe, North Lincolnshire DN15 9GB4
£337.5K11/200.52 mi27, Dale Park Avenue, Winterton, Scunthorpe, North Lincolnshire DN15 9UY4
£325K08/210.52 mi11, Dale Park Avenue, Winterton, Scunthorpe, North Lincolnshire DN15 9UY4
£295K01/210.53 mi50, Northlands Road, Winterton, Scunthorpe, North Lincolnshire DN15 9UN4
£240.3K07/210.59 mi8, Marris Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9UX4
£259.9K02/210.59 mi2, Marris Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9UX4
£269.9K03/230.62 mi24, Park Street, Winterton, Scunthorpe, North Lincolnshire DN15 9UA4
£260K08/210.63 mi1, Mill House Lane, Winterton, Scunthorpe, North Lincolnshire DN15 9QP4
£185K12/200.63 mi11, Mill House Lane, Winterton, Scunthorpe, North Lincolnshire DN15 9QP4
£275K02/210.65 mi84, North Street, Winterton, Scunthorpe, North East Lincolnshire DN15 9QN4
£357K06/210.65 miHarrisons Barn, North Street, Winterton, Scunthorpe, North Lincolnshire DN15 9QN4
£290K09/220.85 miHatikvah House, North Street, Roxby, Scunthorpe, North Lincolnshire DN15 0BL4

Local Rents

6 rents from £482/mo to £750/mo, average is £660/mo.

RentDateDistanceAddressBeds 
£60003/240.17 miLow Street, Winterton1
£48204/240.25 miFowler Court, Winterton2
£62003/240.27 miBoynton Crescent, Winterton3
£75005/240.27 miBoynton Crescent, Scunthorpe3
£70003/240.29 mi-3
£74904/240.3 mi-3

Local Area Statistics

Population in DN15

36,576

Population in Scunthorpe

105,498

Town centre distance

5.19 miles away

Nearest school

0.40 miles away

Nearest train station

4.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Price changed to £115,000

November 27, 2024

Listed for £130,000

August 12, 2024

Sold for £54,000

2002

Description

  • Period cottage +
  • Semi Detached +
  • Four Bedrooms +
  • Good Sized Garden +
  • Village Location +
  • Double Fronted Cottage +
  • Council Tax Band C +
  • EPC Rating To Follow +
  • Perfect Investment Opportunity +
  • Close to Local Amenities +

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £130,000. This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties. Discover the charm of this delightful four-bedroom semi-detached cottage, a hidden gem with endless possibilities. Nestled amidst serene surroundings, this characterful home boasts a spacious, lush garden—perfect for outdoor gatherings and leisurely afternoons. Enjoy the convenience of off-street parking, ensuring easy access for you and your guests. Step inside to find a cozy lounge, an inviting dining room, and a well-proportioned kitchen, each offering a unique blend of comfort and potential. The ground floor also features a conveniently located bathroom. Though the cottage requires some renovation, it presents a wonderful opportunity for the right buyer to infuse their own style and creativity, transforming it into a dream home. With its picturesque setting and boundless potential, this charming cottage is more than just a house—it's the canvas for your next chapter. EPC rating: D. Tenure: Freehold,

Agent Details

Lovelle Estate Agency, Scunthorpe

01724 706844

Next Steps?

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