3 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN16 1LU, £115,000

Maple Tree Close West, Scunthorpe, Lincolnshire, DN16 1LU - 8 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+13 photos

ValuationFair Value

Sold Prices£70K - £225K
Sold Prices/m²£909/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£116,150

 

 

End Value (After Refurb)

£140,469

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Refurb Costs

£37,600

Bridging Loan Interest

£3,019

Total Cash In

£78,069

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£140,469

Mortgage (After Refinance)

£105,352

Mortgage LTV

75%

Cash Released

£19,102

Cash Left In

£58,967

Equity

£35,117

Rent Range

£625 - £1,000

Rent Estimate

£797

Running Costs/mo

£618

Cashflow/mo

£179

Cashflow/yr

£2,144

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £70K to £225K, average is £141.5K. £909/m² to £2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£147K03/230.05 mi69, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£166K12/220.05 mi55, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£150K12/220.12 mi16, Neath Road, Scunthorpe, North Lincolnshire DN16 1LW3
£137.5K07/230.12 mi12, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£127K12/200.12 mi9, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£215K11/200.12 mi92, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£175K02/210.12 mi38, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£180K11/210.12 mi58, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£110K07/210.13 mi14, King Edward Street, Scunthorpe, City Of Kingston Upon Hull DN16 1LH3
£120K02/210.13 mi29, King Edward Street, Scunthorpe, North Lincolnshire DN16 1LH3
£132.5K08/230.16 mi9, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£103K05/210.16 mi18, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£115K06/210.16 mi22, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£95K11/200.16 mi3, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£105K05/210.19 mi41, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LL3
£130K01/210.2 mi49, Bushfield Road, Scunthorpe, North Lincolnshire DN16 1ND3
£183K03/230.21 miSlaidburn, Redbourn Way, Scunthorpe, North Lincolnshire DN16 1NG3
£142.5K12/200.24 mi32, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£107.5K11/200.24 mi15, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£119.5K06/230.24 mi50, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£70K07/230.24 mi9, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£132.5K05/210.25 mi89, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1EB3
£87K11/210.27 mi56, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1EA3
£180K08/230.28 mi11, Rugby Road, Scunthorpe, North Lincolnshire DN16 2DD3
£165K01/230.3 mi23, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£167.5K01/210.3 mi17, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£175K04/230.34 mi16, Rivelin Crescent, Scunthorpe, North Lincolnshire DN16 2AL3
£167K05/230.35 mi186, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1NU3
£169.9K04/210.35 mi10, Lloyds Avenue, Scunthorpe, North Lincolnshire DN17 1BX3
£185K08/210.37 mi45, Lloyds Avenue, Scunthorpe, North Lincolnshire DN17 1BY3
£225K07/230.37 mi47a, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£170K03/230.37 mi11, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£142K02/230.37 mi55, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£147K02/230.37 mi73, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2AJ3
£125K11/200.39 mi74, Rowland Road, Scunthorpe, North Lincolnshire DN16 1ST3
£150K03/210.39 mi16, Atlas Road, Scunthorpe, North Lincolnshire DN17 1BZ3
£105K12/200.4 mi79, Fairmont Crescent, Scunthorpe, North Lincolnshire DN16 1EL3
£95K12/200.4 mi25, Fairmont Crescent, Scunthorpe, North Lincolnshire DN16 1EL3
£141K03/210.41 mi17, Norwood Avenue, Scunthorpe, North Lincolnshire DN15 7AR3
£155K06/230.41 mi21, Norwood Avenue, Scunthorpe, North Lincolnshire DN15 7AR3
£82.5K07/210.41 mi10, Hallgarth Avenue, Scunthorpe, North Lincolnshire DN16 1UG3
£88K02/210.42 mi105, Cottage Beck Road, Scunthorpe, North Lincolnshire DN16 1UE3
£120K07/210.45 mi35, West Common Crescent, Scunthorpe, North Lincolnshire DN17 1DQ3
£145K02/230.45 mi15, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EW3
£110K12/200.45 mi30, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EW3
£145K12/220.46 mi37, Comforts Avenue, Scunthorpe, North Lincolnshire DN15 6PN3
£110K12/200.46 mi29, Hampton Road, Scunthorpe, North Lincolnshire DN16 1QJ3
£157K04/210.46 mi20, West Common Crescent, Scunthorpe, North Lincolnshire DN17 1DJ3
£143K03/210.46 mi8, West Common Crescent, Scunthorpe, North Lincolnshire DN17 1DJ3
£120K09/230.46 mi12, Shirley Crescent, Scunthorpe, North Lincolnshire DN16 1NX3

Local Rents

16 rents from £625/mo to £1K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£62503/240.2 miAbercorn Street, SCUNTHORPE3
£67503/240.24 miHaig Avenue, Scunthorpe3
£65003/240.28 miRowland Road, Scunthorpe3
£1,00002/250.42 mi-3
£90003/250.42 mi-3
£72512/230.5 mi-3
£80004/240.5 mi-3
£79501/250.5 mi-3
£81502/250.5 mi-3
£79502/250.5 mi-3
£80003/250.5 mi-3
£78001/240.51 mi-3
£78001/240.51 mi-3
£75012/240.57 mi-3
£92504/240.61 miVicarage Gardens, Scunthorpe3
£92504/240.61 miVicarage Gardens, Scunthorpe3

Local Area Statistics

Population in DN16

31,697

Population in Scunthorpe

105,498

Town centre distance

0.12 miles away

Nearest school

0.10 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £115,000

February 20, 2025

Listed for £125,000

August 21, 2024

Description

  • FANTASTIC POTENTIAL +
  • GENEROUS REAR GARDEN +
  • NO CHAIN +
  • OFF ROAD PARKING & DETACHED GARAGE +
  • QUIET CUL-DE-SAC POSITION +
  • SCHEME OF MODERNISATION REQUIRED +
  • SPACIOUS LOUNGE & BREAKFASTING KITCHEN +
  • THREE BEDROOMS AND FAMILY BATHROOM +

NO CHAIN****FANTASTIC POTENTIAL This semi-detached home is located on a quiet cul-de-sac close to local amenities, transport links, schools and the town centre. The property briefly comprises an entrance hall, lounge, breakfasting kitchen with two pantries, conservatory and W.C. The first floor offers three bedrooms serviced by a family bathroom suite. Externally the property has a drive and a paved frontage providing off road parking. The rear garden is fully enclosed and private being mainly laid to lawn with a useful wood storage shed and greenhouse to the rear. Viewings are highly recommended!

NO CHAIN****FANTASTIC POTENTIAL This semi-detached home is located on a quiet cul-de-sac close to local amenities, transport links, schools and the town centre. The property briefly comprises an entrance hall, lounge, breakfasting kitchen with two pantries, conservatory and W.C. The first floor offers three bedrooms serviced by a family bathroom suite. Externally the property has a drive and a paved frontage providing off road parking. The rear garden is fully enclosed and private being mainly laid to lawn with a useful wood storage shed and greenhouse to the rear. Viewings are highly recommended!

Agent Details

Paul Fox, Scunthorpe

01724 514340

Next Steps?

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