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 |
BMV | 2% |
| |
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.
Local Rents
6 rents from £482/mo to £750/mo, average is £660/mo.
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
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