4 Bed Detached House, Refurb/BRRR, Scunthorpe, DN17 3JR, £475,000

North Street, West Butterwick, Lincolnshire, DN17 3JR - 7 months ago

Refurb/BRRR
~393 m²
+28 photos

ValuationFair Value

Sold Prices£130K - £385K
Sold Prices/m²£1.2K/m² - £4.1K/m²

 

 

Square Metres

~392.70 m²
Price/m²£1.2K/m²

Value Estimate

£484,500

 

 

End Value (After Refurb)

£712,185

Uplift in Value

+50%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£36,200

Refurb Costs

£155,632

Bridging Loan Interest

£12,469

Total Cash In

£324,801

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£712,185

Agent Fees (1%)

£7,122

Bridging Loan

£356,250

Bridging Loan Interest

£12,469

Flip Profit

£24,012

Local Sold Prices

25 sold prices from £130K to £385K, average is £245K. £1.2K/m² to £4.1K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£280K04/230.25 mi5, Chapel Lane, East Butterwick, Scunthorpe, North Lincolnshire DN17 3AD4
£322.5K12/210.29 mi14, Christophers Meadow, West Butterwick, Scunthorpe, North Lincolnshire DN17 3BF4
£240K01/210.36 mi11, Ulyett Lane, West Butterwick, Scunthorpe, North Lincolnshire DN17 3LD4
£320K08/221.6 mi2, Moorland Cottages, Beltoft, Doncaster, North Lincolnshire DN9 1NB4
£162K08/211.94 mi75, High Street, Burringham, Scunthorpe, North Lincolnshire DN17 3NE4
£280K11/212.1 miSandalwood, Main Street, Althorpe, Scunthorpe, North Lincolnshire DN17 3HT4
£237.5K11/202.12 mi1a, Church Lane, Althorpe, Scunthorpe, North Lincolnshire DN17 3HX4
£245K03/212.2 mi18, Kelsey Lane, Althorpe, Scunthorpe, North Lincolnshire DN17 3HQ4
£330K09/212.24 mi6, Hawthorne Way, Althorpe, Scunthorpe, North Lincolnshire DN17 3HA4
£295K12/202.73 mi17, Silica Crescent, Scunthorpe, North Lincolnshire DN17 2XA4
£345K11/202.73 mi16, Silica Crescent, Scunthorpe, North Lincolnshire DN17 2XA4
£185K02/212.78 mi31, Old School Lane, Keadby, Scunthorpe, North Lincolnshire DN17 3BD4
£212K12/222.78 mi29, Old School Lane, Keadby, Scunthorpe, North Lincolnshire DN17 3BD4
£360K07/212.83 mi12, The Dell, Scunthorpe, North Lincolnshire DN17 2XB4
£325K09/212.83 mi1, The Dell, Scunthorpe, North Lincolnshire DN17 2XB4
£178K02/212.83 mi303, Burringham Road, Scunthorpe, North Lincolnshire DN17 2BJ4
£385K03/212.84 mi4, Alba Close, Scunthorpe, Humberside DN17 2XD4
£130K06/212.89 mi32, Woodclose Road, Scunthorpe, North Lincolnshire DN17 1RU4
£174K08/212.9 mi4, Edgbaston Avenue, Bottesford, Scunthorpe, North Lincolnshire DN17 2GG4
£225K05/212.94 mi21, St Davids Crescent, Scunthorpe, North Lincolnshire DN17 2SR4
£380K09/232.97 mi1, Knights Close, Belton, Doncaster, North Lincolnshire DN9 1TE4
£270K02/212.98 mi9, Belwood Drive, Belton, Doncaster, North Lincolnshire DN9 1TA4
£180K08/212.99 mi12, Fenners Avenue, Bottesford, Scunthorpe, North Lincolnshire DN17 2GH4
£202.5K09/212.99 mi14, Fenners Avenue, Bottesford, Scunthorpe, North Lincolnshire DN17 2GH4
£220K10/212.99 mi6, Hilton Close, Belton, Doncaster, North Lincolnshire DN9 1TJ4

Local Rents

2 rents from £650/mo to £950/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£65012/240.06 miNorthfield Close, West Butterwick2
£95012/240.32 miSouth Street, West Butterwick, Scunthorpe, North Lincolnshire, DN173

Local Area Statistics

Population in DN17

37,168

Population in Scunthorpe

105,498

Town centre distance

4.44 miles away

Nearest school

0.20 miles away

Nearest train station

2.71 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £475,000

March 20, 2025

Listed for £485,000

August 21, 2024

Floor Plans

Description

  • 4 RECEPTION ROOMS +
  • A TRULY OUTSTANDING, GRADE II LISTED DETACHED FAMILY HOME +
  • EXTENSIVE DRIVEWAY WITH A DETACHED COACH HOUSE AND GARAGE +
  • IMPRESSIVE CENTRAL FITTED KITCHEN +
  • LARGELY EXTENDED TO THE REAR +
  • NO UPWARD CHAIN !!!!!! +
  • PRIVATE MATURE GARDENS +
  • SUBSTANTIAL INTEGRAL GARAGE (4.3m x 10.85m) +
  • VERSATILE FIRST FLOOR ANNEX/OFFICE WITH INDEPENDANT ACCESS +
  • VIEWING IS ESSENTIAL TO FULLY APPRECIATE +

REDUCED A DUAL PURPOSE PROPERTY SUITABLE FOR RESIDENTIAL AND FOR RUNNING A BUSINESS 3650 SQ FT (not including the detached Coach House) LARGELY EXTENDED TO THE REAR EXCELLENT ANNEX/OFFICE SPACE A stunning grade II listed building, individual detached Victorian family residence built circa 1840 but of a Georgian style and later extended in 1990. The accommodation provides excellent versatility having previously provided independent business premises that can easily lend itself to becoming an annex if required. The accommodation has been sympathetically and carefully updated throughout retaining many original features comprising, central reception hallway, fine main living room with a quality fireplace and original feature ceiling rose, formal dining room, stylish fitted dining kitchen with a large walk-in pantry, inner hallway, side conservatory, useful study and snug. The first floor provides 4 bedrooms with a master en-suite shower room and a luxury main family bathroom. The rear extension has provided a substantial garage and parking for multiple vehicles, a ground floor reception that leads up to a large office area that could easily be divided up into a number of rooms, fitted dining kitchen and bathroom. Occupying generous gardens with excellent privacy that come principally laid to lawn with flagged seating areas and a number of mature fruit trees. A key feature is a impressive private driveway allowing extensive parking that leads to the integral garage and a detached Coach house (requiring renovation) that has a rear storage area. Viewing of this fine home comes with the agents highest of recommendations. View via our Epworth office. LISTED BUILDING, EXEMPT FROM EPC.

3650 SQ FT (not including the Coach House) LARGELY EXTENDED TO THE REAR EXCELLENT ANNEX/OFFICE SPACE A stunning grade II listed building, individual detached Victorian family residence built circa 1840 but of a Georgian style and later extended in 1990. The accommodation provides excellent versatility having previously provided independent business premises that can easily lend itself to becoming an annex if required. The accommodation has been sympathetically and carefully updated throughout retaining many original features comprising, central reception hallway, fine main living room with a quality fireplace and original feature ceiling rose, formal dining room, stylish fitted dining kitchen with a large walk-in pantry, inner hallway, side conservatory, useful study and snug. The first floor provides 4 bedrooms with a master en-suite shower room and a luxury main family bathroom. The rear extension has provided a substantial garage and parking for multiple vehicles, a ground floor reception that leads up to a large office area that could easily be divided up into a number of rooms, fitted dining kitchen and bathroom. Occupying generous gardens with excellent privacy that come principally laid to lawn with flagged seating areas and a number of mature fruit trees. A key feature is a impressive private driveway allowing extensive parking that leads to the integral garage and a detached Coach house (requiring renovation) that has a rear storage area. Viewing of this fine home comes with the agents highest of recommendations. View via our Epworth office.

Agent Details

Paul Fox, Epworth

01427 800759

Next Steps?

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